Tesla Motors Inc (NASDAQ:TSLA), United Continental Holdings Inc (NYSE:UAL), and Sears Holdings Corp (NASDAQ:SHLD) are the subjects of quick hits this morning, for various reasons. Betty Liu reported on their newsmaking deeds on Bloomberg, and had this to say about United Continental Holdings Inc (NYSE:UAL).
“United Airlines is offering its flight attendants buyouts of as much as $100,000. Employees who accept the early exit plan will be eligible for lump sum payments according to a spokesperson. The airline, which was the only major U.S carrier to report a quarterly loss this year, is looking to rein in further costs,” Liu said.
While the buyouts may seem steep, replacing senior flight attendants with cheaper entry-level ones can quickly recoup those costs. Alternatively it will allow them to eliminate some of their 23,000-strong flight attendant force entirely if desired. United Continental Holdings Inc (NYSE:UAL)’s stock is up over 30% this year despite results that have lagged behind other U.S carriers.
Tesla Motors Inc (NASDAQ:TSLA) was hit hard by a cautious report from Morgan Stanley (NYSE:MS), one of their biggest backers, which echoed the sentiments expressed by Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk last week that their stock price may be a little high. Morgan Stanley (NYSE:MS) even found reason to question some of the longer term outlook of Tesla Motors Inc (NASDAQ:TSLA), though they reiterated that a target price of $320 is still warranted long term.
Lastly, Sears Holdings Corp (NASDAQ:SHLD) has secured an important $400 million loan from hedge fund ESL Investments, the same one run by CEO Eddie Lampert, and also Sears Holdings Corp (NASDAQ:SHLD)’s largest shareholder. The loan will keep Sears Holdings Corp (NASDAQ:SHLD) some flexibility this holiday season as it continues to try and turn around its ailing operations. The loan was not well received on Wall Street however; shares of Sears Holdings Corp (NASDAQ:SHLD) have fallen 6% in morning trading on the news.
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