Tesla tells California employees to return to work in defiance of county orders
Tesla Inc on Monday told employees at its California vehicle factory to return to work, a few days after local officials said the plant should remain closed as lockdown measures remain in effect to curb the spread of the coronavirus.
California governor to look into Tesla reopening in defiance of health order
California Governor Gavin Newsom said both he and local health officials would speak to officials at Tesla Inc, after the company ordered workers back on the job despite ongoing coronavirus restrictions in Alameda County, where its auto plant is locate…
S&P 500 closes barely higher as investors balance pandemic with recovery
The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business.
WeWork directors seek to preserve right to sue owner SoftBank
A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned $3 billion tender offer for the office space-s…
Richard Branson to sell 25 million shares in Virgin Galactic to battle pandemic impact
Billionaire Richard Branson’s Virgin Group said on Monday that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pandemic.
S&P 500 gains as investors look beyond pandemic to recovery
The S&P 500 inched higher on Monday as investors balanced caution over new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns will soon be re-opened for business.
California should do whatever’s needed to help Tesla reopen car factory: Mnuchin
California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday.
Pandemic could rip 105 billion pound hole in small company finances
Britain’s smaller companies could be saddled with up to 105 billion pounds ($129 billion) in “unsustainable” debt by March next year that will need recapitalising, a financial services body told the Bank of England on Monday.
KKR builds 5.2% stake in ProSieben, says company undervalued
U.S. private equity house KKR said on Monday it had acquired a stake of 5.2% in ProSiebenSat.1 Media , becoming the third investor to amass a sizable shareholding in the struggling German broadcaster.
Global equities markets sink, bonds rise on fears of second wave of infections
A jump in coronavirus cases in South Korea and Germany rattled investors and sent global equities markets lower on Monday, while safe-haven assets, including the dollar and U.S. Treasuries, edged higher.
