Tesla tops 10,000 deliveries for quarter
Tesla's first-quarter new vehicle deliveries climbed 55 percent from a year earlier to more than 10,000 cars, the electric vehicle maker said Friday. Tesla Motors Inc. said that the delivery figure is only one measure of its financial performance and shouldn't be relied on as an indicator of its quarterly financial results. Tesla announced in February that it expects to deliver 55,000 vehicles in 2015, up from 31,655 in 2014. Based on the 10,030 vehicles delivered in the first quarter, it would need to deliver about 15,000 vehicles in each of the remaining three quarters to hit its 2015 target.
Southwest adds more Orlando flights
Southwest Airlines will offer a nonstop flight from Eppley Airfield to Orlando International Airport six days per week this summer. The nonstop flight will be offered June 8 through Aug. 8, said Joe Rotterdam, Eppley's assistant manager of airline affairs. Southwest will fly the route with a Boeing 737 aircraft that seats 143 passengers. The airline had previously announced a Saturday-only flight to Orlando, but strong demand led the airline to expand the service.
Southern store chain Belk considers sale
Department store chain Belk is considering a possible sale. The company issued a statement Thursday saying it was considering all options for its future. Belk, founded in 1888, said it has retained the Goldman Sachs investment bank to help study its best options. That process is expected to take several months. There are nearly 300 Belk's stores in 16 Southern states.
Medtronic to pay $4.4 million in suit
Medtronic has agreed to pay $4.4 million to settle a lawsuit filed by the federal government accusing the com pa ny of selling medical devices made in China and Malaysia to the U.S. military. Federal law requires that devices sold to the military be manufactured in the U.S. or its international trading partners. Minnesota U.S.
Attorney Andrew Luger alleged Medtronic, which recently moved its headquarters from Fridley, Minnesota, to Dublin, Ireland, bought spinal surgery devices in China and relabeled them to indicate they had been manufactured in Memphis, Tennessee. Medtronic spokeswoman Cindy Resman said in a statement the company "makes no admission that any of its activities were improper or unlawful."