Musk to resign as Tesla chairman, remain as CEO in SEC settlement
Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but remain as chief executive, under a settlement that caps a tumultuous two months for the carmaker.
SEC chairman says Tesla settlement in ‘best interests’ of shareholders
U.S. Securities and Exchange Commission chairman Jay Clayton said in a statement on Saturday that the agency’s settlement with carmaker Tesla was in the best interests of the U.S. markets and company shareholders.
Tesla, Musk pay $40 million to settle Tweet charges, Musk to resign as chairman
The U.S. Securities and Exchange Commission said on Saturday that car-maker Tesla and Chief Executive Elon Musk had agreed to pay $20 million each under a settlement that will also see the billionaire step down as chairman after a tumultuous two months…
Canada, U.S. make progress in bid to save NAFTA, no deal yet: sources
Canada and the United States on Saturday narrowed their differences in last-ditch talks to save NAFTA but there is no guarantee an agreement will be forged, two Ottawa sources said, a notion echoed by a top adviser to U.S. President Donald Trump.
Knorr-Bremse discloses dispute with Bosch in IPO prospectus
German brake maker Knorr-Bremse [STELLG.UL] has disclosed a contractual dispute with Robert Bosch GmbH [ROBG.UL] ahead of a stock market flotation that could raise up to 4.2 billion euros ($4.9 billion).
GM will recall more than 3.3 million vehicles in China: market regulator
General Motors’ joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet and Cadillac vehicles from Oct. 20 because of a defect with the suspension system, China’s market regulator said on Saturday.
‘We’ll know in 48 hours’: Mexico sees new hope of trilateral NAFTA
Mexico on Friday said the U.S. Trump administration and Canada were making serious efforts to resolve trade policy differences after days of bickering, raising hopes of saving the North American Free Trade Agreement as a trilateral pact.
U.S., Mexico delay trade text for more time to land U.S.-Canada deal
The United States and Mexico abruptly canceled plans to publish the text of their trade agreement on Friday to give Canada and the Trump administration more time to resolve their differences and save the North American Free Trade Agreement as a trilate…
Wall Street flat; Italy budget woes hit Europe, boost dollar
The U.S. dollar rose on Friday as the euro fell on deepening worries about an Italian budget with a higher-than-expected deficit target, which also slammed European stocks.
Courting Canada, U.S. and Mexico cancel plans to publish NAFTA texts: sources
The United States and Mexico abruptly canceled plans to publish NAFTA texts on Friday, sources said, as signs of renewed efforts by Canada and Washington to settle differences raised hopes a breakthrough could be made to keep the deal trilateral.
