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Tesla Motors (NASDAQ:TSLA) is racing to meet demand as its S Model gets a standing ovation. For the first time ever, the company produced 100 body shells in a week, according to Elon Musk.
The office supplies sector may bask in reflected glory from the entry of an activist investor in Office Depot (NYSE:ODP), and rival Staples (NASDAQ:SPLS) may see investor interest, though store expansion and competition from Amazon are matters for concern.
Ares Capital Corp. (NASDAQ:ARCC), a specialty finance company that provides one-stop financing solutions to U.S. middle market companies and private equity sponsors, has, through its subsidiary, doubled a revolving finance facility availed through Sumitomo Mitsui Banking Corporation to $400 million. “SMBC’s increased financial commitment further increases our revolving debt capacity and lowers our overall funding costs,” says Michael Arougheti, President of Ares Capital Corporation.
Apple (NASDAQ:AAPL) announces that iPhone 5 pre-orders exceeded 2 million pieces within 24 hours, almost double that achieved for the iPhone 4S, and beating analysts’ expectations handsomely.
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