Tesla's business model is under attack in New Jersey. Rep. Marsha Blackburn discusses the traditional auto sales dealership model in the U.S.» Read More
*Fannie Mae, Freddie Mac shares fall on Senate proposal for wind-down. NEW YORK, March 12- U.S. stocks finished little changed on Wednesday, with the Nasdaq up for the first session in five, as investors grappled with the evolving situation in Ukraine but shrugged off concern over weakness in China's economy.
NEW YORK, March 12- New York's Albany County on Wednesday issued a moratorium on the expansion of crude oil processing in the Port of Albany, pending a public health investigation.
You, however, are not Yale and neither, likely, is your pension fund, university endowment or personal portfolio. Understanding why what is good for the goose underperforms for the gander is key to not just Yale's fantastic performance, but improving your own.
*Herbalife shares tumble on FTC investigation. NEW YORK, March 12- U.S. stocks were little changed on Wednesday, as equities recouped much of their earlier declines amid signs of progress in diplomatic attempts to ease tensions in Ukraine.
NEW YORK, March 12- U.S. stocks were little changed on Wednesday, as equities recouped much of their earlier declines amid signs of progress in diplomatic attempts to ease tensions surrounding Ukraine.
New Jersey became the third state to ban the company from selling vehicles directly to the public. But the dispute is far from over.
NEW YORK, March 12- Copper declined to near four-year lows and global stock indexes fell for a fourth day on Wednesday as increasing concern about China's economic slowdown sent a wave of unease through financial markets.
The New Jersey Motor Vehicle Commission voted unanimously to pass a rule that will end Tesla's direct sales of cars to consumers in the Garden State, reports CNBC's Phil LeBeau.
*EPL Oil to be acquired by Energy XXI for $2.3 bln. NEW YORK, March 12- U.S. stocks declined on Wednesday, putting the S&P 500 on track for a third straight decline after its most recent record high, as concerns grew over the strength of China's economy. London copper, seen as a proxy for China's economic health, fell for a fourth day to its lowest level since July 2010.
Colin Rusch, Northland Capital Markets senior analyst, discusses Tesla's sales model in the wake of the New Jersey Motor Vehicle Commission decision to ban auto manufacturers from selling cars directly to consumers.
TRENTON, N.J.-- New Jersey fell just short of a recent health insurance exchange enrollment target, and a bigger deadline looms at the end of the month. According to data released Tuesday by the federal Health and Human Services Department, more than 74,000 residents had selected a plan by March 1.
The Department of Justice is looking into Generl Motor's ignition key recall, reports CNBC's Phil LeBeau.
The Garden State voted to ban direct auto sales yesterday and that means automakers like Tesla will need to go through dealerships to sell cars there, reports CNBC's Phil LeBeau.
WASHINGTON, March 11- Four U.S. oil refiners, trying to counter growing calls to lift the nation's ban on most crude oil exports, have launched the first major lobbying effort to keep abundant U.S. oil supplies from being sold overseas.
March 11- Elon Musk wants to keep selling electric cars directly to the public in New Jersey, but on Tuesday the state said no, insisting instead that Tesla Motors Inc offer its cars through an auto franchise rather than its own stores. New Jersey Governor Chris Christie's administration approved a rule requiring sales of all new cars to go through franchises.
*Men's Wearhouse to acquire Jos. A. Bank Clothiers. Shares of retailers American Eagle and Urban Outfitters fell sharply after disappointing outlooks. They're just taking some money off the table, "said Frank Lesh, futures analyst and broker at FuturePath Trading LLC in Chicago.
CNBC's John Harwood reports Bridget Kelly, the former top aide to New Jersey Gov. Chris Christie, is appearing in court today.
CNBC's Phil LeBeau comments on the NY U.S. Attorney office's criminal probe of General Motors related to its product recall.
CNBC's Phil LeBeau reports the New Jersey Motor Vehicles Commission has changed its law on who can sell vehicles in the state of New Jersey.
*Puerto Rico bonds rise in secondary trade. NEW YORK, March 11- Puerto Rico on Tuesday sold $3.5 billion of junk-rated bonds at a surprisingly low tax-free interest rate under 9 percent, which was still high enough to tempt investors to snap up the bonds despite the Caribbean island's difficult cash position.