Tesla has record net loss
Tesla’s record $745.3 million net loss in the first quarter and a fast-burn through millions of dollars are raising questions about the company’s ability to pay all its bills.
CEO Elon Musk conceded that criticism is valid but said during a sometimes-testy conference call with analysts that it’s “quite likely” Tesla will make money and have positive cash flow in the third quarter. Chicken shortage hurts Yum Brands
Taco Bell's new Nacho Fries were a hit with diners, with a quarter of all orders including the $1 spicy fries.
Still, sales growth at parent company Yum Brands was weaker than expected. Sales were hurt by a chicken shortage at its KFC restaurants in the U.K. and Ireland. Shares fell more than 5 percent. Vista plans to sell off its firearms brands
Vista Outdoor, among the largest producers of ammunition in the U.S. and one of just a few publicly held firearms companies, said that it plans to sell its gun-making business.
Vista said it would “explore strategic options” for the Savage and Stevens firearms brands as part of a broader “business transformation plan.” Savage, which was founded in 1894, began producing AR-15-style rifles last year. Snappy Salads opens downtown location
Snappy Salads opened its downtown location on the tunnel level of 1000 Main Wednesday.
The location has seating for 62 guests. Hours are Monday through Friday from 11 a.m. to 3 p.m. The Dallas-based chain now has 18 locations, including three in the Houston area. Icahn has a victory in Xerox dispute
Xerox’s top executive and six board members agreed to step down in a victory for Carl Icahn’s battle against the company’s planned $6.1 billion takeover by Fujifilm Holdings Corp.
The resignations, which include CEO Jeffrey Jacobson, are part of an agreement with activist investors to settle a lawsuit that will put in place executives close to Icahn.
The surprise settlement potentially puts the deal struck in January with Fujifilm at risk, and comes after a New York judge last week temporarily halted the transaction. Icahn had accused Jacobson of striking the deal without the board’s authorization to preserve his own job. Trump seeks to ease oil leasing in West
BILLINGS, Mont. — The Trump administration wants to ease restrictions on oil and gas leasing and other activities across a huge swath of the West that were put in place to protect an imperiled bird.
The move involves conservation plans for greater sage grouse approved in 2015 under former President Barack Obama. President Donald Trump has vowed to increase U.S. energy production and open more lands to drilling.