Business digest
NATION
Price drop expected for Wii console
NEW YORK — A $50 price cut may be imminent for Nintendo’s popular Wii gaming console.
Tech blog Engadget said in a posting late Tuesday that the Wii, which has cost about $250 since its 2006 launch, will see its price drop to $200 beginning Sunday.
Engadget, which is owned by Time Warner Inc.’s AOL, posted what it said was a leaked memo from Best Buy Co. talking about the price drop. Representatives of Nintendo Co. did not immediately return phone messages.
WORLD
Daimler mulls moving production to Alabama
STUTTGART, Germany — German carmaker Daimler AG is considering whether to move some production of its Mercedes-Benz C-Class models to Alabama from Germany, a newspaper reported Wednesday.
The daily Stuttgarter Zeitung reported, without citing sources, that the company’s management is mulling whether to move production of the C-Class from its Sindelfingen plant, in the Stuttgart suburbs, to Tuscaloosa.
That would allow the company to take advantage of lower labor and other costs and avoid swings in the value of the U.S. dollar against the euro, the newspaper said.
Associated Press