Walmart’s lawsuit over solar panel fires is the latest ‘tarnish’ on Tesla, analyst says

Walmart Inc.’s lawsuit against Tesla Inc. over several roof fires that the retailer blames on solar panels is “yet another blow to the already tarnished” solar business at Tesla TSLA, -2.16% , analysts at ISI Evercore said in a note Wednesday. Walmart WMT, +0.13%is suing for breach of contract, alleging “gross negligence” on Tesla’s part for the fires, which it says started […]

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Senate Majority Leader Mitch McConnell wants to raise minimum smoking age to 21

WASHINGTON (AP) — Senate Majority Leader Mitch McConnell, whose home state of Kentucky was long one of the nation’s leading tobacco producers, said Monday he was introducing legislation to raise the minimum smoking age from 18 to 21. The chamber’s top Republican was releasing his proposal at a time when the use of e-cigarettes is growing and underage vaping has […]

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Estee Lauder beat expectations thanks to China and travel retail but the Americas business has stalled

Estee Lauder Cos. EL, -0.79% was downgraded to neutral from buy at D.A. Davidson despite beating third-quarter earnings and sales expectations. Analysts there call out the Americas business, expressing concern that it’s "not improving, which was a thesis point when we upgraded to buy last August." D.A. Davidson also cut its price target to $155 from $179. "The prestige color […]

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Lawmakers in some states look to end balloon launches at weddings, birthdays and memorials

PORTLAND, Maine (AP) — The tradition of releasing balloons at weddings, birthdays and memorials may soon get deflated by lawmakers in more than half a dozen states. Critics say the helium-filled balloons pollute the environment, and threaten birds and other wildlife when they fall to earth. “People don’t really realize that it’s littering. That’s why we want to bring attention […]

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What could trigger a stock plunge of 5% in one day: Hedge-fund manager Doug Kass

The month of February ends with no lunch and no deal in Hanoi for President Trump and his North Korean counterpart, but plenty of green for investors. Investors are waking up to news that talks between POTUS and North Korea’s leader fell apart in the wee hours of Thursday as the two couldn’t agree over sanctions. While geopolitics tend to […]

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Sleep Number stock jumps 10% on company’s earnings beat, 2019 guidance

Shares of Sleep Number Corp. SNBR, +0.96% rose more than 10% in the extended session Wednesday after the mattress company reported fourth-quarter earnings above Wall Street expectations and called for bigger profit in 2019. Sleep Number said it earned $27 million, or 81 cents a share, in the quarter, compared with $16 million, or 39 cents a share, in the […]

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Appliance shipments to the U.S. from China drop sharply

The trade war has taken a toll on imports to the U.S. from China, with the number of appliances entering the country dropping sharply in January, according to data from Panjiva, a global supply chain intelligence group. The year-over-year decline in refrigerator imports was 23.9% in January, while vacuum cleaners fell 14.9% for the period. Both items began to incur […]

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