Stocks

3M to cut 2,000 jobs globally, lowers 2019 profit outlook

The job cuts, part of moves to restructure its businesses into four operating units from five, would result in an estimated annual pre-tax savings range of $225 million to $250 million, with $100 million in the remainder of 2019.

Tesla posts surprisingly large 1Q loss as sales slump 31%

Tesla has lost nearly $6 billion since setting out to revolutionize the auto industry 15 years ago, but CEO Elon Musk foresees a profitable future fueled in part by a ride-hailing service made up of electric cars driven by robots.

Microsoft's cloud growth pleases Wall Street

Microsoft's ongoing push to get automakers, retailers and other businesses onto its cloud computing platform helped power the company's third-quarter earnings ahead of Wall Street expectations Wednesday.

SMI wants to become private NASCAR track operator

The parent company of Speedway Motorsports Inc. has made an offer to acquire all of its outstanding common stock, the second move of its kind involving one of the key racetrack operators in NASCAR in the past five months.