Sour ’lemon
Lululemon, the Canadian yoga-wear retailer, lost the most since November as Credit Suisse downgraded the stock, citing a sales slowdown. Shares fell 4.2 percent to close at $71.95.
GM recall
General Motors will recall about 55,000 vehicles in the US to fix a defect that could cause them to roll away after the owner parked them, the auto maker said yesterday.
Grocery deal
Private equity firm Cerberus is close to a deal to buy parts of struggling Supervalu, the third-largest US grocery chain. Shares closed up 13.5 percent yesterday to $2.94.
Walmart ads
Best Buy and Toys R Us have filed complaints in several states, including New Jersey, alleging that Walmart deceived consumers in price comparison ads for the iPhone 5.
Clearwire tiff
Clearwire investor Crest Financial said the FCC should block Sprint’s takeover of the company, as well as a separate deal between Sprint and Softbank, saying they undermine the value of Clearwire’s airwaves.