Shareholders are accusing Tesla of improperly valuing the SolarCity deal, providing flawed analysis and misleading investors, among other things. Their allegations were...Technologyread more
Stocks were barely changed. American Express gained, but Netflix was a notable laggard.Marketsread more
The probe by the U.S. attorney's office of the Northern District of California is in its early stages, the Journal reported, citing people familiar with the matter.Health and Scienceread more
Here are the most important things to know about Tuesday before you hit the door including earnings from Nike and likely updates on Trump's trade deals.Marketsread more
Think about the last TV show you recommended to a friend, or the last one that was recommended to you. Odds are, it was from a premium service like HBO, Netflix or Amazon.Entertainmentread more
Dalian Wanda Group said on Tuesday it had scrapped plans to buy Nine Elms Square in London, the latest setback for the Chinese conglomerate as Beijing tightens controls on overseas investment.
St. Modwen Properties, owner of the London building, said on Monday it had completed the 470 million pound ($605.6 million) sale, without naming the buyer. It said in a June filing it had exchanged contracts with Wanda Commercial Properties (Hong Kong).
Wanda's International Real Estate Center said in a statement to Reuters on Tuesday that ownership of the 10-acre (4-hectare) Nine Elms belonged to a third party.
It is unclear who the buyer is at this stage. A sale of Nine Elms was first mooted in 2013.
China's cabinet on Friday reiterated it would limit overseas investment in property, hotels, entertainment, sports clubs and the film industry, and planned to maintain a blacklist of domestic firms that violated overseas investment rules.
Chinese banks have been told to stop providing funding for several of Wanda's overseas acquisitions in order to curb its appetite for offshore deals, according to sources familiar with the matter.
China launched a clampdown on capital outflows and overseas direct investment last year, and Wanda, a property-to-entertainment giant run by one of China's richest men, Wang Jianlin, has been one of the companies most affected.
In March, Wanda's proposed $1 billion purchase of U.S. TV production company Dick Clark Productions collapsed under the heightened pressure from Beijing on outbound deals.
Squeezed for finance, Wanda in July agreed to sell 77 hotels to Chinese developer Guangzhou R&F Properties Co for 19.9 billion yuan ($2.99 billion) and 91 percent equity in 13 tourism projects to Sunac China for 43.8 billion yuan.