Tesla shares get late boost on April Fool’s press release
(Reuters) – Shares of Tesla Motors Inc. jumped and trading volume surged in the final minutes of trading on Wednesday after the electric car maker issued a press release proclaiming the launch of a new product that turned out to be an April Fool’s Day …
U.S. judge refuses to delay code theft trial for ex-Goldman programmer
NEW YORK (Reuters) – A New York judge on Wednesday rejected a request from prosecutors to delay the scheduled trial of former Goldman Sachs Group Inc computer programmer Sergey Aleynikov, who is charged with stealing code from the investment bank.
U.S. auto sales demand begins to thaw in March
DETROIT (Reuters) – U.S. consumer demand for new vehicles began to thaw in March, especially for luxury cars and big trucks, but not every carmaker participated in the uptick.
GoDaddy shares soar in debut as investors buy into revamp
(Reuters) – GoDaddy Inc’s shares rose as much as 34 percent in their debut on Wednesday following a $460 million initial public offering, as investors spotted a bargain in a company making a shift from Internet domains to small-business services.
Ford executive indicates desire for level playing field on labor costs
DETROIT (Reuters) – Ford Motor Co’s Americas chief indicated on Wednesday that the No. 2 U.S. automaker will be looking to bring its labor costs in line with those of its smaller rival Fiat Chrysler Automobiles when it opens talks this summer with the …
Bank of America at center stage in U.S. top court bankruptcy case
WASHINGTON (Reuters) – As the U.S. Supreme Court on Wednesday considered the case of a Massachusetts homeowner battling his mortgage lender over a bankruptcy plan, several justices focused their attention on his unlikely ally: Bank of America Corp.
U.S. private payrolls, factory data point to weak first quarter growth
WASHINGTON (Reuters) – U.S. private employers added the smallest number of workers in more than a year in March and factory activity hit a near two-year low, fresh signs that economic growth slowed significantly in the first quarter.
Delta Air to take payments via Alipay from Chinese travelers
SAN FRANCISCO (Reuters) – Delta Air Lines Inc has become the first U.S. airline to accept payments via Alipay, the PayPal-like service run by an Alibaba Group Holding Ltd affiliate that is used by hundreds of millions of Chinese consumers.
Wal-Mart says looking at suppliers to help lower costs
(Reuters) – Wal-Mart Stores Inc is looking at how it sources its products in an effort to reduce prices, especially as commodity prices fall globally, the head of the its U.S. division said on Wednesday.
Simon Property ends pursuit of Macerich
(Reuters) – Simon Property Group Inc scrapped its attempt to buy Macerich Co, ending what could have been the largest deal between U.S. shopping mall operators after Macerich rejected its sweetened offer of $23.2 billion including debt.
