In a significant development, a Delaware judge ruled that Tesla Inc’s Chief Executive Officer, CEO, Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker to acquire SolarCity Corp in 2016, when Musk was its chairman… Read More ›
On Monday, shares of Japanese automaker Nissan Motor Co Ltd slumped by 5%, marking their biggest fall in more than a month, following a report that Renault SA, its top shareholder, may consider lowering its stake in the company. Last week… Read More ›
According to a report from the New York Post, Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc private. Musk, Twitter’s second-biggest shareholder, has a 9.1% stake in the company…. Read More ›
On Friday, U.S. hedge fund Farallon Capital Management stated it has asked Toshiba Corp to convene an Extraordinary General Meeting (EGM) over its investment strategy. This is the second such call for an EGM in a week by major Toshiba… Read More ›
On Monday, the CEO of Italian broadcaster Mediaset stated, it plans on creating a pan-European TV champion regardless of whether it can strike a deal to settle a dispute with its second-largest shareholder Vivendi. “We want to go ahead with… Read More ›
A class action lawsuit has been filed against Zoom Video Communications Inc by one of its shareholder accusing it of overstating its privacy standards and failing to disclose that its service lacked end-to-end encryption. In a court filing, Michael Drieu,… Read More ›
In a statement, Warren Buffett’s Berkshire Hathaway Inc stated, it has sold around 18% of its stake in Delta Air Lines Inc as well as a 4% stake in Southwest Airlines Co earlier this week. The Wuhan Coronavirus pandemic is… Read More ›
On Wednesday, the chief executive of Qatar Airways said, the airlines is interested in increasing its stake in Chile’s LATAM Airlines to 20%. Qatar Airways is waiting for the right opportunity and right price to consider increasing its stake in… Read More ›
Fondazione Cariverona, UniCredit’s biggest Italian shareholder with a stake of 1.8% has called upon UniCredit to take measures to boost the share’s performance. On Friday, the head of a leading shareholder in UniCredit, he hoped Italy’s biggest bank would take… Read More ›
Hyundai Card has asked banks to pitch proposals for a potential IPO and expects to receive the proposals from banks by October 22. On Tuesday, Hyundai Card, the credit card unit of Hyundai Motor Group, disclosed it is preparing for… Read More ›
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