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CarMax profits rise on tax-rate change

CarMax's profits rose in the quarter ended May 31 largely because of a lower income tax rate, the nation's largest used-car retailer said Friday.

UPDATED: 6/22/18 11:26 am ET - adds automaker reaction

Tesla to close a dozen solar facilities in nine states, report says

Tesla's move to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial transaction, Reuters reported.

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