Tesla CEO Musk: almost 400,000 orders received for new Model 3
OSLO (Reuters) – Electric car manufacturer Tesla Motors has received almost 400,000 orders for its latest car, the model 3 sedan, its CEO said on Thursday.
Exclusive: VW to offer to buy back nearly 500,000 U.S. diesel cars – sources
WASHINGTON (Reuters) – Volkswagen AG and U.S. officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade U.S. emission rules, two people briefed on the…
Judge denies Redstone granddaughter’s bid to join competency suit
LOS ANGELES (Reuters) – A California judge on Wednesday rejected a bid by Sumner Redstone’s granddaughter to join the media mogul’s former girlfriend in a lawsuit that challenges the 92-year-old billionaire’s mental competency.
Wal-Mart shrinks board to 12, founder’s son to retire
(Reuters) – Wal-Mart Stores Inc said on Wednesday it will shrink its board by three members to 12, bringing it closer to U.S. corporate norms in a move the largest U.S. retailer hopes would allow it to respond more nimbly to rapid market changes.
United Air tops profit estimates, but sees unit revenue dip
(Reuters) – United Continental Holdings Inc on Wednesday reported a first-quarter profit above analysts’ expectations and said it would slow its growth plans because flight capacity across the industry has exceeded passenger demand, pushing down prices…
Dish CEO says talks to renew Viacom deal have turned productive
(Reuters) – Dish Network Corp Chief Executive Charlie Ergen said on Wednesday that talks to renew the satellite TV provider’s contract to carry Viacom Inc programs have turned positive, though a deal remains uncertain ahead of a midnight deadline.
U.S. home sales rebound signals strong spring selling season
WASHINGTON (Reuters) – U.S. home resales rebounded more than expected in March as supply improved, suggesting the housing market recovery remained intact despite signs that economic growth probably stalled in the first quarter.
Qualcomm profit forecast misses estimates as chip shipments drop
(Reuters) – U.S. chipmaker Qualcomm Inc forecast third-quarter profit below analysts estimates as it expects to ship fewer chips, including those for smartphones, its biggest business.
United Airlines bows to activists, adds directors
(Reuters) – The agreement by United Continental Holdings Inc to install airline industry veteran Robert Milton as non-executive chairman represents a partial victory for two first-time activist hedge funds, and puts an expert at turnarounds in the seat…
Apple postpones reporting results by a day
(Reuters) – Apple Inc will report its second-quarter results on April 26, a day later than scheduled, according to the company’s website.
