Elon Musk said Tesla Inc. will make about 500,000 cars this year, a prediction that’s difficult to gauge given the CEO’s proclivity for setting stretch goals.

New PepsiCo Inc. CEO Ramon Laguarta has made his first acquisition, purchasing the maker of sports and wellness products Muscle Milk from Hormel Foods Corp. for an undisclosed amount.

The Trump administration on Feb. 19 said it will cancel more than $900 million in federal grants earmarked for a high-speed rail project California that the state’s Democratic governor announced would be scaled back from its initial vision amid delays and cost overruns.

U.S. corn sales to China have been part of the ongoing trade discussions between the nations, President Donald Trump said from the White House Oval Office on Feb. 19.

The Federal Motor Carrier Safety Administration has granted certain members of the American Pyrotechnics Association reprieve from the electronic logging device rule.

The biggest containerships ever seen in Tampa Bay will begin making weekly calls at Port Tampa Bay from Asia starting in May, port officials announced Feb. 19.

Walmart Inc. finally gave the U.S. retail sector some good news. The company brushed off the industry’s disappointing December sales with its best holiday quarter in at least a decade, soothing concerns about the sector’s outlook for 2019. Comparable sales for Walmart stores in the United States — a key performance barometer — rose 4.2% in the quarter that included Christmas, beating analysts’ estimates by a full percentage point.

After building a fortune and several businesses by buying company after company, XPO Logistics Inc. CEO Brad Jacobs is abandoning acquisitions, a principal reason many investors bought into the stock.

XPO Logistics Inc. confirmed Feb. 14 that it will close a facility in Memphis, Tenn., where some employees have made allegations of pregnancy discrimination and sexual harassment, and the next day CEO Brad Jacobs said a customer's request prompted the decision.