Forget GameStop and scrutinize Chinese listed companies
The U.S. Congress has passed a bill that could ultimately lead to kicking Chinese companies off American exchanges, but it has a generous phase-in period. That may be too long.
Walmart agrees to pay $282 million to settle Brazil unit bribe claim
Walmart Inc. has agreed to pay a total penalty of $282 million to settle charges by the U.S. Justice Department and the Securities & Exchange Commission that its Brazilian unit violated the Foreign Corrupt Practices Act. The retailer will pay more than $144 million to ...
Tesla shares surge on Model 3 numbers, Elon Musk settling row with regulators
Shares of Tesla Inc. jumped 18 percent on Monday as signs it had met targets for quarterly car production added to relief at Chief Executive Elon Musk's settling of a lawsuit with regulators that had threatened to force him out. The electric carmaker's shares sank ...
Tesla's SEC deal seen providing ammunition for U.S. probe, investor lawsuits
Tesla Inc.'s settlement with U.S. regulators will help soothe investors calling for more oversight of Chief Executive Elon Musk, experts said, even as it gives ammunition to short-sellers pursuing separate cases and to a probe by the Justice Department. Musk and Tesla will pay $20 ...
SEC probe raises once unthinkable prospect of a Tesla without Elon Musk
It is nearly impossible to imagine Tesla Inc. without Elon Musk — its chairman, CEO, largest shareholder and public face. But the Securities and Exchange Commission's lawsuit Thursday has raised questions about the executive's future at the electric car company, sending shares spiraling. The agency ...
U.S. Securities and Exchange Commission sues Musk for fraud, seeks to remove him from Tesla
The U.S. Securities and Exchange Commission on Thursday accused Tesla Inc. CEO Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of "false and misleading" tweets about potentially taking ...
Elon Musk's U-turn on Tesla deal could intensify his legal and regulatory woes
Tesla Inc. Chief Executive Officer Elon Musk's decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said. Explaining his reversal in a late-night blog ...
SEC quashes more bitcoin ETF pitches in another blow to cryptocurrencies
The U.S. Securities and Exchange Commission has rejected another round of attempts to list exchange-traded funds backed by bitcoin, blocking ETFs from ProShares, GraniteShares and Direxion, on concern prices could be vulnerable to manipulation. In a trio of orders posted on the agency's website Wednesday, ...
SEC subpoenas Tesla as scrutiny grows after Goldman hints at adviser role
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc. regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources. The electric carmaker's shares fell as much ...
Tesla's slow disclosure after Musk's tweet of going private raises governance concerns
Tesla Inc.'s handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. Musk stunned investors Aug. 7 by announcing on Twitter ...
Facebook says it's cooperating with SEC, FBI on Cambridge Analytica data abuse probe
Facebook Inc. said it's cooperating with multiple federal agencies, including the U.S. Securities and Exchange Commission and the Federal Bureau of Investigation, probing how profile data about the social network's users were transferred without permission to Cambridge Analytica, a political consulting firm. The company already ...
Panasonic unit agrees to pay $280 million to settle U.S. federal corruption probe
A unit of Panasonic Corp. has agreed to pay about $280 million (¥30.5 billion) in a deal with the U.S. government to resolve criminal and civil charges that the company falsified its financial records to conceal payments to sales agents in China and other ...
