In a faceoff with Elon Musk, the SEC blinked

Judge’s remarks in 2019 knocked SEC’s confidence court would back them Core issue – what is “material” information – was left to Musk and Tesla to decide As some tweets went unvetted, SEC opted to urge Musk to comply, rather than go to court SEC was also uneasy about risk of starting litigation given Musk’s … Read more

Cryptoverse: Is the end of the bitcoin winter nigh?

May 24 (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Register now for FREE unlimited access to … Read more

U.S., Japan, Australia, and India to launch tracking system to monitor illegal fishing by China, Financial Times reports

Fishing boats with Chinese national flags are seen at a harbor in Tanmen, Hainan province, April 5, 2016. REUTERS/Megha Rajagopalan Register now for FREE unlimited access to Reuters.com register May 21 (Reuters) – US, Japan, Australia, and India will unveil a maritime initiative at the Quad summit in Tokyo to curb illegal fishing in the … Read more

Factbox: The Great Rebrand: Western business reborn in Russia under new names

May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of Western brands have said they … Read more

Google ‘private browsing’ mode not really private, Texas lawsuit says

WASHINGTON, May 19 (Reuters) – The Google search engine collects data on users who think they can be anonymous if they use a “private browsing” mode, Texas Attorney General Ken Paxton claimed on Thursday, filing an amended privacy lawsuit against the Alphabet Inc (GOOGL.O) unit. Texas, Indiana, Washington State and the District of Columbia filed … Read more

U.S. agency opens probe into fatal Tesla vehicle crash that killed three

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, US, April 29, 2016. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com register WASHINGTON, May 18 (Reuters) – The US auto safety agency said it has opened an investigation into fatal crash involving a Tesla vehicle … Read more

Allianz to pay $6 billion in U.S. fraud case, fund manager charged

NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its US asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and US Securities and … Read more

Musk seeks proof on share of spam bot on Twitter for deal to progress

May 17 (Reuters) – Elon Musk said on Tuesday his $44 billion offer would not move forward until Twitter Inc (TWTR.N) shows proof that spam bots account for less than 5% of its total users, hours after he could seek a lower price for the company. “My offer was based on Twitter’s SEC filings being … Read more

JetBlue goes hostile to buy Spirit Airlines after rejection

CHICAGO/WASHINGTON, May 16 (Reuters) – JetBlue Airways Corp (JBLU.O) is not taking for an answer in its quest to buy rival Spirit Airlines (SAVE.N). On Monday, the New York-based carrier launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the low-cost carrier rejected an offer from the larger rival. JetBlue, which in … Read more

G7 backs more aid, weapons to Ukraine in show of unity against Russia

Ukraine, Moldova attend G7 foreign ministers annual meeting EU’s Borrell announces further 500 mln euros in military support Concerns war could spread to Moldova WEISSENHAUS, Germany, May 13 (Reuters) – Foreign ministers from the G7 group of rich nations backed giving more aid and weapons to Ukraine as they met on Friday in what Germany … Read more