Schaeffer's Trading Floor Blog

Buzz Stocks: Tesla Motors Inc (TSLA), Visa Inc, General Motors Company, and Facebook Inc (FB)

Today's stocks to watch in the news include TSLA, V, GM, and FB

by 3/28/2014 9:07 AM
Stocks quoted in this article:

Encouraging comments from a Chinese official are spurring U.S. futures higher this morning, as the stock market looks to close out the week on a strong note. In company news, here are some stocks to watch today:

  • Tesla Motors Inc's (NASDAQ:TSLA) last day to sell cars in New Jersey has been pushed back by two weeks to Tuesday, April 15. Jim Appleton, president of the state's auto dealer trade group, said his constituency supports this extension (and potentially others) if it means the state legislature can strike a compromise and put TSLA on "a pathway … to come into compliance with franchise laws." (CNN)

  • Wal-Mart Stores, Inc. (NYSE:WMT) is suing Visa Inc (NYSE:V), charging that the credit card giant cooperated with large banks to fix the transaction fee prices it charged the retailer. WMT is seeking damages of more than $5 billion. (BBC News)

  • General Motors Company's (NYSE:GM) Opel unit announced plans to produce two additional models -- one of which will be a Buick sold in the U.S. -- at its Ruesselsheim, Germany, manufacturing plant. Additionally, Opel said it will stop exporting vehicles to China next January. (Reuters)

  • Facebook Inc (NASDAQ:FB) CEO and founder Mark Zuckerberg said his Facebook Connectivity Lab intends to build aerial drones and low-orbiting satellites that will deliver Internet connections around the world, via infrared lasers. This effort is part of FB's broader Internet.org initiative, which aims to expand the Web's reach globally. (Wired)

  • Also, BlackBerry Ltd (NASDAQ:BBRY) and Finish Line Inc (NASDAQ:FINL) reported quarterly earnings. (Reuters; NASDAQ)

  • Finally, a group of Northwestern football players were granted the right to unionize by the regional director of the National Labor Relations Board, Peter Ohr, who ruled the athletes are university employees. His decision was based on a combination of factors, including the amount of time spent on football and their scholarships, which Ohr said amounts to a contract for compensation. (The New York Times)


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