Lee Iacocca, Visionary Automaker Passes Away at 94
Lee Iacocca, Visionary Automaker Who Led Both Ford and Chrysler, Is Dead at 94
Lee A. Iacocca, the visionary automaker who ran the Ford Motor Company and then the Chrysler Corporation and came to personify Detroit as the dream factory of America’s postwar love affair with the automobile, died on Tuesday at his home in Bel Air, Calif. He was 94.
In the 1970s and ’80s, with Detroit still dominating the nation’s automobile market, his name evokedimages of executive suites, infighting, power plays and the grit and savvy to sell American cars.
nytimes.com/2019/07/02/lee-iacocca
Symantec shares soar on report that Broadcom is in talks to acquire the security software maker
Symantec shares surged more than 20% in extended trading on Tuesday after Bloomberg reported that Broadcom is in advanced talks to acquire the security software vendor.
Symantec has been plagued in recent years by management turmoil and a flailing core business as cloud security companies have taken share of the enterprise market and a newer crop of companies have emerged to protect mobile devices.
cnbc.com/symantec-shares-soar-broadcom-report
Tesla delivers record number of electric cars in quarter, shares up 7%
SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) set a record for quarterly vehicle deliveries in a triumphant response to months of questions about demand for its luxury electric cars, sending shares up 7% after hours on Tuesday.
Tesla did not comment on profit – which is still elusive – but the robust deliveries could help jumpstart investor sentiment on Tesla, which has been challenged in recent months.
