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United Airlines has change of heart about beloved tomato juice

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A United Airlines airplane takes off at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey.

Gary Hershorn | Getty Images

A United Airlines airplane takes off at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey.

United Airlines is bringing back tomato juice.

Late Thursday, United said it would initiate plans to restock airplane galleys with a beverage apparently more beloved by many of the Chicago-based carrier’s loyal customers than had been anticipated.

The about-face comes in the context of United recently revealing it was in the process of streamlining onboard food and beverage offerings. Those plans call for less elaborate meal options in premium cabins on flights of less than four hours as well as a variety of changes in the range of liquor and spirits offered on flights.

But sources within the ranks of United frontline flight attendants told the Chicago Business Journal none of the planned changes hit harder from their vantage point than did the news the airline was dropping tomato juice from the beverage list and substituting instead an additional can of Bloody Mary mix on beverage trolleys.

As the Chicago Business Journal noted in an article on Monday, many within the ranks of United flight attendants were already “in full apology mode” as tomato juice had gone missing on United flights.

By late Thursday, United spokespeople were busy spreading the news that tomato juice is coming back. “We do listen to customer feedback and make adjustments accordingly,” noted a United spokesman, who indicated tomato juice should be back on board all United flights by July.

United flight attendants, needless to say, responded quite favorably to United’s reversal of course. Noted one United flight attendant: “I am amazed by how quickly the Titanic changed course. My Thursday is much happier!”

The flight attendant also characterized United’s change of heart as “change for good.”

United Airlines is a unit of United Continental Holdings.

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Tesla hires new chief financial officer for China

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Elon Musk, Chairman, CEO and Product Architect of Tesla Motors, addresses a press conference to declare that the Tesla Motors releases v7.0 System in China on a limited basis for its Model S, which will enable self-driving features such as Autosteer for a select group of beta testers on October 23, 2015 in Beijing, China.

VCG | Getty Images

Elon Musk, Chairman, CEO and Product Architect of Tesla Motors, addresses a press conference to declare that the Tesla Motors releases v7.0 System in China on a limited basis for its Model S, which will enable self-driving features such as Autosteer for a select group of beta testers on October 23, 2015 in Beijing, China.

Tesla Inc on Friday announced a number of key executive hires including former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing.

Zhou previously served as CFO for Asia Pacific and India for Ingersoll Rand.

“We’re excited to welcome a group of such talented people as we continue to ramp (up) Model 3,” Tesla said in a blog post, adding it would announce more hires in the coming days.

China contributed around 17 percent of Tesla’s total revenue in 2017 and the electric carmaker has said it plans to build a gigafactory in the country.

The company on Wednesday slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles.

Tesla has seen the departure of several senior executives and is also flattening its management structure as it seeks to improve efficiency and clear up production bottlenecks related to its new Model 3 sedan.



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Foot Locker shares are jumping 16% after a blowout earnings report

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Shoppers and pedestrians pass in front of a Foot Locker store on the Third Street Promenade in Santa Monica, California.

Patrick T. Fallon | Bloomberg | Getty Images

Shoppers and pedestrians pass in front of a Foot Locker store on the Third Street Promenade in Santa Monica, California.

Shares of shoe retailer Foot Locker surged Friday after the company reported earnings well ahead of Wall Street expectations.

The stock rallied more than 16 after the New York-based company reported adjusted earnings per share at $1.45 for the first quarter, above consensus estimates of $1.25 from FactSet.

The shoe store posted revenue of $2.03 billion, which also beat forecasts.

“The flow of premium product continues to improve, with increasing breadth and depth in the most sought-after styles from our key vendors,” CEO Richard Johnson said in a statement. “This led to first quarter results which were above our expectations. With the strength of our strategic vendor partnerships and our central position in youth culture, we continue to believe that we are poised to inflect to positive comparable-store sales growth.”

Foot Locker has been in hot water in recent months as Wall Street grows increasingly concerned with retailers. Fears that e-commerce giant Amazon may seek to expand into apparel have made it a tough year for Foot Locker shares, now down more than 22 percent over the past 12 months.

Last June, popular shoemaker Nike confirmed plans to sell a limited product assortment on Amazon’s U.S. website.

According to a 2017 survey by UBS, 13 percent of respondents indicated that they prefer to purchase Nike products on Amazon compared with the 9 percent who said they prefer to purchase the same products at Foot Locker.



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Roku shares jump after short-seller Citron reverses negative call

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People pass by a video sign display with the logo for Roku Inc, a Fox-backed video streaming firm, that held it's IPO at the Nasdaq Marketsite in New York, U.S., September 28, 2017.

Brendan McDermid | Reuters

People pass by a video sign display with the logo for Roku Inc, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, U.S., September 28, 2017.

Shares of Roku spiked Friday after short-seller Citron Research said it is reversing its negative view on the maker of streaming players, given a major shift away from the traditional cable television subscription model.

“The move to cutting the cord and [over-the-top] advertising is real and it is a megatrend that Citron not only does not want to be short, but at this valuation I want to be long,” the research firm, headed by Andrew Left, said in a report Friday.

Roku shares briefly climbed more than 4.5 percent before paring gains to trade around $37 a share. The stock is down 28 percent for the year so far.

After the company went public in late November, the stock soared above $50 and Citron said it tweeted the stock would fall back to $28.

“BUT NOW EVERYTHING HAS CHANGED, AND IT IS TIME TO REEVALUATE,” the report said, in red capital letters.



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