Property owners fight Foxconn

MOUNT PLEASANT, Wis. — Property owners in southeastern Wisconsin who believe they won’t be fully compensated for land Foxconn Technology Group needs to build a $ 10 billion plant are appealing a ruling dismissing their case.

A dozen property owners filed a federal lawsuit in January alleging the village of Mount Pleasant’s use of eminent domain is unconstitutional because it is for private rather than public benefit. They say the offers for their properties are too low.

The village is acquiring 18 acres from landowners for the Foxconn complex.

The lawsuit alleged the village was plan- ning to label some properties as blighted, which the property owners said would violate their Fifth Amendment rights.

Dick’s surges 25%; Kors falls

Dick’s Sporting Goods’ fiscal first- quarter performance topped Wall Street’s view, bolstered partly by strong online sales. The sporting goods retailer also boosted its full- year earnings outlook, and shares surged 25 percent. Michael Kors Holdings Ltd. swung to a fiscal fourth- quarter profit on a boost in sales, but a cautious outlook for the year disappointed Wall Street, and shares fell 11 percent.

Walmart to offer college for employees

NEW YORK — Walmart is offering its employees a new perk: affordable access to a college degree.

The company is working with Denverbased startup Guild Education to give employees the chance to obtain a bachelor’s degree in business or supply- chain management. It will cost a dollar a day at one of three nonprofit universities with online programs that have had success working with adult learners. It plans to eventually expand to more types of degrees.

Tesla fix gets better rating

DETROIT — A wireless update of antilock braking software improved the stopping distance of Tesla’s electric Model 3, prompting Consumer Reports to reverse course and give the car its “Recommended Buy” rating.

The magazine said Wednesday that the update cut 19 feet off the car’s stopping distance from 60 mph.