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U.S. markets news

Tesla's Wild New Forecast Changes the Trajectory of an Entire Industry
Tesla just took the most ambitious automotive production timeline since the Ford Model T and moved it up two years. The company now plans to produce 500,000 electric cars every year starting in 2018.
Tesla Plans to Put Out 500000 Electric Cars in 2018  Newsweek
Tesla Aggressively Reaches For 500000 Units Annually By 2018  Hybrid Cars News
New York Times  
Media|Tribune Publishing Says No to Gannett's $815 Million Offer
The Los Angeles Times building. The owner of the newspaper, Tribune Publishing Company, rejected an unsolicited offer from Gannett.
Tribune Publishing rejects Gannett offer  Chicago Tribune
Los Angeles Times Owner Rejects Takeover Offer From Gannett
US Productivity Shrinks Again in First Quarter
One of the worst stretches ever for American productivity growth is getting even worse. Worker productivity—the output of goods and services for each hour of labor—slid in the opening months of the year as companies shelled out more on wages.
Healthy job gains expected despite weak report  USA TODAY
Productivity in U.S. Decreases for a Second Straight Quarter  Bloomberg
Zynga Results Boosted by Cost Cuts
Zynga Inc. ZNGA -0.86 % on Wednesday reported first-quarter results that beat expectations, thanks to cost cuts and increased advertising revenue, but the videogame developer posted another sharp decline in customers.
'FarmVille' creator Zynga's quarterly bookings beat estimates  Reuters
Zynga grows on mobile as Apple, not Facebook, becomes its biggest platform ...  VentureBeat
4 reasons why Aeropostale has lost its cool with shoppers
Teenagers may no longer care, but two Aeropostale apparel stores in Washington state will close as part of the once-popular chain's bankruptcy restructuring.
Teen retailer Aeropostale files for bankruptcy protection  San Francisco Chronicle
Aeropostale Closing 113 Stores, Including Two In Maryland  CBS Local
500-Euro Banknote Being Phased Out
FRANKFURT—The European Central Bank said Wednesday that it would stop printing the 500-euro banknote, but that the note would remain legal tender.
Europe Central Bank to Halt Production of 500-Euro Bills  New York Times
How Institutional Investors Can Get the Most Out of Credit  Institutional Investor
Kraft Heinz (KHC) Stock Jumps in After-Hours Trading on Q1 Earnings Beat
NEW YORK (TheStreet) -- Kraft Heinz (KHC) stock is gaining by 4.88% to $83.88 in after-hours trading on Wednesday, after the company reported financial results that exceeded expectations for the 2016 first quarter.
Cost-cutting helps Kraft Heinz post a 61% increase in profit  Tribune-Review
Kraft Heinz Reports First Quarter 2016 Results  Business Wire (press release)
Lawsuit seeks stronger regulation by EPA on how drillers handle, dispose of ...
In a lawsuit filed Wednesday, seven environmental and community organizations are suing the U.S. Environmental Protection Agency in federal court to compel the agency to tighten controls on the handling and disposal of oil and shale gas drilling and ...
Groups sue EPA for failure to update oil, gas industry waste regs  Topeka Capital Journal
EPA failing to regulate disposal of toxic gas and oil production waste ...  Dallas Morning News (blog)
'Deadpool,' 'People v. O.J. Simpson' Help Fox Beat Quarterly Revenue, Earnings ...
Powered in part by its introduction of a raunchy, R-rated superhero, 21st Century Fox reported better than expected quarterly earnings Wednesday.
Fox Tops March Quarter Expectations Helped By News And 'Deadpool'  Deadline
Shares of 21st Century Fox Rise 7 Percent After Decent Earnings Report  Hollywood Reporter
Wall St. falls as data adds to growth worries; biotechs down
NEW YORK U.S. stocks declined for a second day on Wednesday, weighed down by tepid data on private sector U.S. jobs and a retreat in biotech shares.
Stocks Hold Lower Even as Crude Ekes Out Slight Gain
Stocks close lower on weak early jobs data, productivity dip  MarketWatch