Cost to insure Tesla debt spikes to record high
The cost to insure debt holdings in electric carmaker Tesla Inc rose to its highest-ever level on Friday as the bond market reflected growing worries about a default, following the news that Chief Executive Elon Musk had been accused of fraud by feder…
Facebook unearths security breach affecting 50 million users
Facebook Inc said on Friday that hackers had discovered a security flaw that allowed them to take over up to 50 million user accounts, a major breach that adds to a bruising year for the company’s reputation.
Facebook’s slide stalls Intel-led Wall Street advance
U.S. stocks were little changed on Friday afternoon as a drop in Facebook after it disclosed a security breach pulled Wall Street off the highs following a boost from Intel and energy companies.
Google CEO will testify before U.S. House on bias accusations
Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives and will also attend a meeting with President Donald Trump, g…
Bausch Health unit moves to settle charges it misled investors -SEC
Salix Pharmaceuticals, a unit of Bausch Health Companies Inc , has moved to settle charges brought by the U.S. Securities and Exchange Commission that it misled investors about the company’s prospects, the SEC said on Friday.
BMW’s independent German dealers agree to sign new contracts
BMW’s association of independent German car dealerships advised its members to sign new long-term contracts with the carmaker before a deadline at the end of the month to avoid disruptions to the sale of cars and spare parts.
Cost to insure Tesla debt reaches highest price ever
The cost to insure debt holdings in electric carmaker Tesla Inc , whose chief executive has been accused of fraud by federal regulators, rose to its highest-ever level on Friday as the bond market reflected growing worries about a default.
Fears about Musk’s future sink Tesla shares
Shares of Tesla Inc plunged up to 13 percent on Friday as investors worried about the future of Chairman and Chief Executive Elon Musk at the electric carmaker after U.S. securities regulators accused him of fraud.
Takeda’s $62 billion Shire bid faces November 6 EU antitrust deadline
EU antitrust regulators will decide by Nov. 6 whether to allow Japanese drugmaker Takeda Pharmaceutical’s $62-billion takeover of London-listed Shire Plc , the European Commission said on Friday.
Flying on one engine, global growth exposed to turbulence
With growth in many European, Asian and emerging markets mostly uninspiring, the United States is increasingly the main motor behind the global economy.
