Record Sales Push Tesla To 2nd Straight Quarterly ProfitTesla shares have more than tripled in value since May of last year, pushing the company’s market value above giant German automaker Volkswagen as well as the combined values of General Motors and Ford.
Beyond Meat Raises 2019 Outlook, But Shares Slump On OfferingTen-year-old Beyond Meat burst into the spotlight in May with its initial public offering on the Nasdaq. Its $25 opening share price has risen 700% since then. At its closing price of $222.13 Monday, Beyond Meat was worth $13.3 billion, or more than Campbell's Soup.
Target's Online Game Is On TargetWalmart launched free next-day delivery on its most popular items this month in Phoenix and Las Vegas. It plans to roll out next-day delivery to most of the country by year-end, covering 220,000 items with a minimum order of $35. T
McDonald's Turns To Bacon And WinsAt the beginning of the year, McDonald's Corp. offered bacon on anything customers wanted for an hour. That — along with new menu items like doughnut sticks — generated both hype and store traffic.
AT&T Shares Slump As More TV Customers LeaveAT&T Inc., which owns DirecTV, said it lost 627,000 video customers in the January-March quarter. Its DirecTV Now streaming service, a cable alternative launched in 2016, lost customers for the second quarter in a row as the company ends deep discounts for the service.
United Airlines Posts Smaller Profit But Tops ExpectationsChicago-based United expects more modest revenue growth in the first three months of this year. However, it predicted that the revenue-per-seat figure would be flat to up three percent.
With Few Seeing Second Act For Sears, Company Shares RoutedSears is based in Hoffman Estates and still employs 89,000 people.
Tesla Investor To Musk: Don't go private. Stock Could Be Worth $4,000Tesla shares surged after Musk's now infamous "funding secured" tweet earlier this month, hitting a peak of $387.46 in the process. But the stock has since slid back to about $320 due to growing skepticism about Musk's ability to actually get a deal done.
Could Elon Musk Lose Control Of Tesla?Musk suggested in a blog post this week he's going to need a lot of help to buy out shareholders.
J.C. Penney Plunges Amid Weak Results, Loss ForecastThe Plano, Texas-based company said it had a loss of 32 cents per share, or well short of Wall Street expectations.
Walmart Sees Sales Rise At Stores, OnlineWalmart said sales were strong across many categories but the grocery business was notable with sales rising the most in nine years.
Ricketts Family May Sell Cubs Shares To InvestorsThe family would not give up any of its 95 percent control of the team, a spokesman said.