Tesla outlook disappoints some on Wall St, shares drop 7 percent
DETROIT (Reuters) – Tesla Motors Inc , led by billionaire Elon Musk, on Wednesday offered an outlook for the second quarter that disappointed some investors, sending shares down 7 percent in after-hours trading.
Ex-BP CEO Hayward, who left after spill, to be Glencore chairman: Telegraph
(Reuters) – Former BP chief executive Tony Hayward will be named chairman of global mining giant Glencore Xstrata Plc and will be stepping down from his position as CEO of Genel Energy , the Daily Telegraph reported.
DirecTV working with advisers to weigh AT&T deal: sources
NEW YORK (Reuters) – DirecTV is working with advisers including Goldman Sachs Group to evaluate a possible combination with AT&T Inc , following a recent takeover approach from the mobile services provider, according to people familiar with the matter.
Sterling purchase of the Clippers among top investments in memory
NEW YORK (Reuters) – In 1981, Donald Sterling laid out about $12.5 million for a National Basketball Association franchise – a perennial basement dweller then called the San Diego Clippers. It turns out he bought one of the most undervalued assets in m…
ECB to hold course as euro strength challenges recovery
FRANKFURT (Reuters) – The European Central Bank is expected to take heart from signs of life in the euro zone economy and keep interest rates on hold on Thursday, resisting pressure to act in the face of a stronger euro and persistently low inflation.
Ford announces $1.8 billion share buyback program, can reduce debt
DETROIT (Reuters) – Ford Motor Co announced on Wednesday a stock repurchase program of about $1.8 billion that it said will offset potential share dilution and positions the company to reduce its automotive debt by $883 million.
Day of reckoning looms for Barclays’ investment bank
LONDON (Reuters) – Barclays Plc is set to announce plans to cut thousands of jobs and shrink its investment bank as Chief Executive Antony Jenkins tries to get his turnaround plan for the British bank back on track after a bad 10 months.
General Electric sells Wayne fuel dispensing unit
(Reuters) – General Electric Co has agreed to sell its Wayne fuel dispenser business to private investment firm Riverstone Holdings LLC, the U.S. conglomerate said on Wednesday.
Toyota heads into lower-growth curve after profit bonanza
TOKYO (Reuters) – Toyota Motor Corp faces stalling growth this fiscal year as the export-boosting tailwind that it and other Japanese carmakers have received from the yen’s sharp depreciation over the past 18 months gradually blows itself out.
Dow, S&P gain on Yellen; Nasdaq ends down for second day
NEW YORK (Reuters) – U.S. stocks mostly rose on Wednesday after comments from Federal Reserve Chair Janet Yellen signaled continued support for the economy, but the Nasdaq fell for a second session as momentum names sold off.
