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.