Tesla CEO Musk accused in lawsuit of fraud over going-private proposal
Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they committed securities fraud in a scheme to “completely decimate” short-sellers that included Musk’s proposal to take the electric car company private.
Verizon union workers approve new four-year contract
The union that represents many Verizon Communications Inc employees announced the ratification of a four-year extension of their labor contracts on Friday, paving the way for an 11.2 percent increase in wages over the four years.
Turkish currency’s freefall rocks world equity markets, euro
A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further fallout sent investors scurrying for safety in assets like the yen and U.S. government bonds.
Wall Street ends lower as Turkey woes hit banks
U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets.
Automakers balk at U.S. request for confidential info for import probe
Two automotive trade groups on Friday raised “significant concerns” over the U.S. government’s request for confidential business information as it probes whether automotive imports pose a national security risk, according to a letter seen by Reuters.
Wall Street sinks as Turkey crisis drags down banks
U.S. stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered concerns that it could spread to other global economies.
Timeline: Main events in Tesla’s history as a public company
Here are some of the key events in Tesla Inc’s turbulent history as a public company.
Lee, Wrangler owner VF Corp looks to exit denim business: WSJ
VF Corp is exploring strategic options for its denim business that could include a sale or spin off of its Lee and Wrangler jeans brands, the Wall Street Journal reported on Friday, citing people familiar with the matter (https://on.wsj.com/2Oo36eK).
Turkish currency’s freefall rocks equity markets, euro
A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of further fallout sent investors scurrying for safety in assets like the yen and U.S. government bonds.
Emirates expects single-digit U.S. capacity rise in 2018: executive
Emirates airline [EMIRA.UL] expects a single-digit percentage increase in its U.S. capacity in 2018, a company executive said on Friday, as sales rebound after travel restrictions imposed by the Trump administration weakened demand from the Middle East…
