Tuesday, June 12, 2018

ATT Wins -- June 12, 2018 -- No Conditions

Updates

Later, 8:15 p.m.:


Original Post

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ATT didn't just win, ATT hit a grand slam according to analysts. The judge set no conditions and effectively told the government to not even thing about appealing. Information from Fox News; no link.
  • T after-hours: down 2%. [Later, quickly recovers.]
  • TWX after-hours: up 4.5%
Who owns CNN? Turner Broadcasting. Who owns Turner Broadcasting? Time Warner. ATT.

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Tesla

Tesla to cut 9% of work force across the board. Shares surge.

But I think this is the bigger story: Business Insider is reporting that Tesla will stop selling its solar panels and battery packs at Home Depot.
  • Tesla will not renew its agreement with Home Depot to sell solar panels and battery packs at the retailer's stores
  • most Tesla employees who had worked at the company's Home Depot displays will be allowed to work at Tesla's stores
  • in February, Tesla announced that it would begin selling its solar panels and home battery packs at over 800 Home Depot store
  • the company will now focus on selling its energy products in its stores and on its website

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