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Tuesday, June 12, 2018

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

Updates

Later, 8:15 p.m.:


Original Post

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

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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