US papers including Donald Trump Ted Cruz Time Warner and Tesla Motors


(MENAFN- ProactiveInvestors - N.America)

Donald Trump was a name across the media today and the New York Times writes that the Republican presidential primary is effectively over after his "convincing victory in Indiana drove Ted Cruz out of the race".

Party leaders though are racing to distance themselves from Mr. Trump.

The win by Bernie Sanders gives him strength to press ahead in his campaign but Hillary Clinton's delegate lead remains intact the paper adds.

The same paper also today says regulators are expected to announce as early as Wednesday that at least 35mln additional airbags made by Takata will need to be fixed according to a person briefed on the matter.

This would more than double what is already the largest automotive recall in American history.

The airbags can unexpectedly explode sending metal parts hurtling into the cabin. At least 11 deaths worldwide have been linked to the defect.

The expansion would bring the total of recalled Takata airbags to at least 63 million in the United States possibly affecting nearly one in four of the 250 million vehicles on America's roads.

Elsewhere Time Warner Inc said first-quarter earnings climbed above Wall Street's expectations buoyed by continued HBO gains and a pickup in its Turner segment says the Wall Street journal.

The LA Times writes that Tesla Motors Inc is a proven standout at generating hype for cars it plans to build.

But the electric-car maker's current production will be the focus of Tesla's first-quarter financial results due to be announced after the stock market closes Wednesday it adds.

The Palo Alto company is expected to post a much larger quarterly loss than it did a year earlier in good part because of delays in building its new Model X sport utility vehicle.

Tesla has said most of those problems have been fixed and Model X production has accelerated. The company's other vehicle is its mainstay Model S sedan. Both vehicles cost $70000 or more.

Tesla's quarterly results will come out one month after the ballyhooed unveiling of its Model 3 a mass-market sedan that's scheduled to arrive in late 2017 with a base price of $35000.


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