Musk Tells SolarCity Trial That Tesla Would ‘Die’ If He Wasn’t CEO
Elon Musk insisted in court that Tesla Inc’s(TSLA.O)board controls the company but also said the electric vehicle maker would “die”…
Day: July 12, 2021
Nasdaq, S&P 500 Scale New Peaks As Focus Turns To Earnings, Economic Data
Wall Street’s main indexes rose on Monday, with the Nasdaq and the S&P 500 hitting record highs, as investors awaited…
U.S. Asks Court To Dismiss Government Appeal Of TikTok Ruling
The Biden administration on Monday asked a federal appeals court to dismiss the Justice Department’s legal challenge to court rulings…
India’s Paytm Seeks To Raise $268 Mln In Pre-IPO Share Sale-Source
Indian digital payments firm Paytm is planning to raise $268 million in a funding round as it prepares for an…
Walmart’s Flipkart Raises Fresh Funds For $38 Billion Valuation As IPO Looms
Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp (9984.T) as an investor in a $3.6 billion funding round, doubling the…
After U.S. Push, EU Pauses Tax Plan, But Ireland Sticks To Its Guns
The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the U.S. administration…
Analysis: Dealmakers See M&A Rush, Then Chills, in Biden’s Antitrust Crackdown
Dealmakers expect a new wave of transformative U.S. mergers and acquisitions (M&A), as companies rush to complete deals before President…
Factbox: Richard Branson: Daredevil Billionaire Entrepreneur Set To Fly To Space
Flamboyant British entrepreneur Richard Branson is set to fly to space on a Sunday test flight by his Virgin Galactic…
Billionaire Branson Soars To Space Aboard Virgin Galactic Flight
British billionaire Richard Branson on Sunday soared more than 50 miles above the New Mexico desert aboard his Virgin Galactic…
ECB To Change Policy Guidance At Next Meeting, Lagarde Says
The European Central Bank will change its guidance on the next policy steps at its next meeting to reflect its…
Credit Suisse’s Swiss Compliance Chief Floriana Scarlato Quits Immediately
Credit Suisse (CSGN.S) said on Monday that Floriana Scarlato is quitting “with immediate effect” as compliance head of the Swiss universal bank…
Analysis: China’s RRReminder That Economies Remain Fragile
China’s decision on Friday to give its economy a 1 trillion yuan ($154 billion) shot in the arm has given…
South Korea’s Container Squeeze Throws Exporters Into Costly Gridlock
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in…