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Whole Foods forecasts key sales could slip for year

AUSTIN/ AP Whole Foods says its sales at established locations slipped in its fiscal first quarter and forecast the figure to be flat to down 2 percent for the year, as it works to keep prices down and fend off rivals. The Austin, Texas company noted that its comparable store sales have been “particularly difficult to predict” given the competitive ...

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Tesla’s 4Q net loss doubles but shares up

DETROIT / AP Tesla Motors posted its 11th straight quarterly loss, and its results badly missed Wall Street’s forecasts. But the electric car maker’s shares soared anyway on news that its lower-priced Model 3 sedan is on schedule to be released next year. Tesla said it will unveil the much-anticipated $35,000 car on March 31 and expects to start production ...

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Boeing to cut jobs in commercial aircraft biz

Bloomberg Boeing Co. plans to cut jobs in its commercial airplane division, the company’s largest business, as part of cost reductions intended to improve competitiveness. The planemaker will first seek to trim executive and managerial positions, Ray Conner, chief executive of the Boeing unit, told employees in a webcast. Involuntary cuts may be necessary as a last resort in addition ...

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