Alaska Air Nears Virgin Deal; Tesla Tops 250,000: Saturday Wrap

  • Russia sets oil output record amid talk of production slowdown
  • VW promises dealers it'll keep fighting in U.S. market

Here are highlights of Saturday’s top breaking news stories:

Alaska Air Group was on the verge of topping JetBlue Airways in a bidding contest for Richard Branson’s Virgin America.

What little value was left in SunEdison’s shares mostly dried up on news of an imminent bankruptcy filing by the world’s largest renewable-energy provider.

Volkswagen executives pledged to their U.S. dealers that VW will remain a mass-market player. The dealers called the discussions “positive” but are still demanding answers for how they’ll be compensated for diesel cars they can’t sell because they were rigged to cheat emissions testing.

Advance orders for Tesla Motors’ mass-market debut, the Model 3, soared over the 250,000 mark -- notwithstanding that the car won’t be out until late 2017 or later and a $7,500 U.S. tax credit is good only on the first 200,000 sold.

So much for notions of production restraint: Russia set a post-Soviet record for oil output in March.

India’s biggest tobacco company shut down its cigarette plants in protest against new government rules requiring larger warning labels on packaging.

Sharp President Kozo Takahashi and Foxconn Technology Group Chairman Terry Gou formally signed a rescue deal, ending a takeover drama that spanned four years of often difficult negotiations.

WikiLeaks released what were said to be records of internal International Monetary Fund discussions on how to deal with the potential of a Greek default in June, including conversations about how to put more pressure on Germany.

Brussels Airport will reopen Sunday -- for a grand total of three flights. People who do try to make those flights will be screened before they even get inside the terminal, and can get there only by car and taxi.

At least 30 members of the Azerbaijan and Armenia militaries were killed in the worst flare-ups between the old post-Soviet foes in two decades.

The Taliban has developed an Android app to carry its propaganda, available for download on Google Play.

Lies are ubiquitous in political campaigns. In Russia, you have sex and videotape, too.

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