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Tesla fires hundreds from headquarters, factory

PALO ALTO – Tesla fired hundreds of workers this week, including engineers, managers and factory workers, even as the company struggles to expand its manufacturing and product line. The dismissals come at a crucial point for the company, which is pushing to increase vehicle production five-fold and reach a broader market …

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Lam Research tops Street 1Q forecasts

FREMONT, Calif. (AP) _ Lam Research Corp. (LRCX) on Tuesday reported fiscal first-quarter earnings of $590.7 million. The Fremont, California-based company said it had net income of $3.21 per share. Earnings, adjusted for amortization costs, came to $3.46 per share. The results exceeded Wall Street expectations. The average estimate of …

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Ardelyx, Inc. (ARDX) Stock Rating Lowered by Zacks Investment Research

Ardelyx, Inc. (NASDAQ:ARDX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday. According to Zacks, “Ardelyx, Inc. is a clinical-stage biopharmaceutical company. It discovers, develops and commercializes small molecule therapeutics that work in the …

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Livermore is home to new German luxury auto parts plant

LIVERMORE — The city added 230 more manufacturing jobs with the opening of the German luxury auto parts maker Draxlmaier Group’s plant. Located just west of Highway 84 across from the Tesla Warehouse at the Oaks Logistics Center, the factory will make door and instrument panels, center consoles and other …

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