In a faceoff with Elon Musk, the SEC blinked

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

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

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

Musk denies he sexually harassed flight attendant on private jet

Musk denies he sexually harassed flight attendant on private jet

Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan, January 13, 2015. REUTERS/Rebecca Cook//File Photo Register now for FREE unlimited access to Reuters.com Register OAKLAND, May 19 (Reuters) – Billionaire Elon Musk took to Twitter late on Thursday to denounce as “utterly untrue” claims in a news report … Read more

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

Tesla cut from S&P 500 ESG Index, and Elon Musk tweets his fury

May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc (TSLA.O) from the widely followed S&P 500 ESG Index (.SPXESUP)because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets including … Read more

Google’s Russian subsidiary to file for bankruptcy after bank account seized

Google’s Russian subsidiary to file for bankruptcy after bank account seized

May 18 (Reuters) – Google’s Russian subsidiary plans to file for bankruptcy after the authorities seized its bank account, making it impossible to carry on operations, a Google spokesperson said on Wednesday. Alphabet Inc’s Google (GOOGL.O) Google has been under pressure in Russia for months for failing to delete content Moscow deems illegal and for … Read more

Allianz to pay $6 bln in US fraud case, fund managers charged

Allianz to pay  bln in US fraud case, fund managers 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

Johnny Depp’s attorneys challenge Amber Heard on abuse claims

Johnny Depp’s attorneys challenge Amber Heard on abuse claims

May 16 (Reuters) – Attorneys for actor Johnny Depp began their questioning of Amber Heard in the couple’s defamation trial on Monday and challenged the “Aquaman” star’s claims that she suffered physical abuse before and during their brief marriage. Depp’s attorneys introduced photographs of Heard making public appearances on red carpets and “The James Corden … Read more

What Young Thug and Gunna’s Indictment Means for Rap Music on Trial

What Young Thug and Gunna’s Indictment Means for Rap Music on Trial

On May 9, Young Thug was arrested at his Atlanta home after being named in a broad 56-count gang indictment. According to the indictment, the rapper and 27 other people, including Gunna, allegedly conspired to violate the Georgia criminal racketeering law. The government claims that YSL—Young Thug’s rap collective and label also known as Young … Read more

Celebrity chef Mario Batali acquitted of sexually assaulting woman in Boston

Celebrity chef Mario Batali acquitted of sexually assaulting woman in Boston

BOSTON, May 10 (Reuters) – Chief Mario Batali was acquitted on Tuesday of sexually assaulting a woman at a Boston bar in 2017 while posing with her for fan “selfie” photos, with the judge doubting the credibility of the accuser in the latest # MeToo era trial involving a US celebrity accused of misconduct toward … Read more

Yelp, other companies take stance on abortion rights with travel benefit

Yelp, other companies take stance on abortion rights with travel benefit

May 6 (Reuters) – Yelp Inc, Amazon.com, and Citigroup are among a small but growing number of companies rolling out policies to cover costs for American employees who need to travel out of state for an abortion. Yelp Inc. (YELP.N) was one of the first to offer support for its employees who might need to … Read more