WILMINGTON, Del., Sept 20- A Delaware judge ruled on Friday that Tesla Inc's board of directors must defend at a trial Chief Executive Elon Musk's multibillion dollar pay package, which a shareholder lawsuit said unjustly enriched the head of the electric vehicle company. Tesla estimated the 2018 compensation package was worth $2.6 billion when it received...
*Canada's 10- year yield hits an eight-day low at 1.387%. "I didn't think the reading was that compelling for Canada," said Amo Sahota, director at Klarity FX in San Francisco. "It maybe just nudged a little more weakness in the Bank of Canada outlook but not enough to move interest rate probabilities."
Sept 20- The rise in co-working spaces, like those offered by WeWork, may be a source of financial instability that could make the next U.S. recession worse by sparking a run on commercial real estate, Boston Federal Reserve Bank President Eric Rosengren said on Friday. While commercial real estate valuations and lending standards have been a persistent worry...
WASHINGTON, Sept 19- Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday pledged to make the largest U.S. e-commerce company net carbon neutral by 2040 and to buy 100,000 electric delivery vans from a start-up, as employees and consumers around the world plan protests to address climate change. Bezos announced a number of actions at a press...
Sept 19- Stripe Inc said on Thursday it is raising $250 million in its latest funding round, which values the payments startup at $35 billion, a dramatic 56% surge from a previous valuation at the start of the year. The San Francisco- based company was valued at $22.5 billion in a funding round in January, according to data provider PitchBook. Five out of six new...
Stripe, a payments company, announced an additional $250 million funding round on Thursday, bringing its valuation to $35 billion.
LONDON, Sept 19- New York has extended its lead as the world's top financial center, with London barely holding on to second place ahead of Hong Kong as uncertainty over Brexit takes its toll on the UK capital, a Z/Yen Group survey for 2019 showed on Thursday. New York extended its lead over London to 17 points, while a strong performances from other centers, in...
President Donald Trump and the state of California went to war on Wednesday over who should set the standards in the United States for vehicle emissions and electric cars, foreshadowing a legal battle over environmental policy issues that will affect the auto industry and consumers. Trump tweeted that vehicles would be "far less expensive" and "substantially...
Trump, who is in California this week, urged automakers to back the action, but so far none have publicly supported revocation of California's authority. California Governor Gavin Newsom said the decision was "a continuation of a political vendetta against California and our progress." The EPA and U.S. Transportation Department plan to announce on Thursday...
Rare earths, a group of 17 specialized minerals, have become a flash point in trade tensions between the United States and China. China dominates the processing of the raw minerals, and has implied through its state-controlled media that it could restrict rare earths sales to the United States, just as it did to Japan after a diplomatic dispute in 2010..
MADRID/NEW YORK, Sept 18- Lisa Batitto, 54, says she has virtually stopped buying clothes ever since she started renting them. The New Jersey- based museum publicist spends $277 a month on three subscriptions, including one from New York& Company, a women's mid-price clothing chain with hundreds of U.S. stores. From New York& Company, owned by RTW Retailwinds Inc., to...
LONDON, Sept 18- Virgin Atlantic said on Wednesday it is hoping to add over 80 new routes to its network after a third runway is built at London's Heathrow Airport to challenge British Airways owner IAG's dominance at the airport. "Heathrow has been dominated by one airline group for far too long," said Shai Weiss, chief executive at Virgin Atlantic.
*Saudi Arabia's oil supply fully back online- energy minister. *Wall Street mixed as investors await interest rate cut. NEW YORK, Sept 17- Oil prices dropped sharply on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil supply following an attack over the weekend that shut 5% of global oil output.
SAN FRANCISCO, Sept 16- Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service. Amazon, Microsoft and Alphabet Inc's Google have all announced partnerships with VMware in recent years.
A study published last week in the New England Journal of Medicine found that more than half of patients with the lung illness- 24 of 41- who were extensively interviewed in Wisconsin and Illinois reported having used the "Dank Vapes" brand. The New York State Department of Health identified "Dank Vapes" and "Chronic Carts" as products containing Vitamin E acetate, a...
NEW YORK, Sept 13- Apple Inc struck out at a Goldman Sachs Group Inc analyst on Friday in a relatively rare public dust-up between a blue chip Wall Street firm and its client. The disagreement came after Goldman Sachs analyst Rod Hall criticized Apple's accounting methods for the tech giant's new TV+ product, saying in a research note that it may result in lower...
doc=/ Archives/edgar/data/320193/000032019319000093/a8-kse p t e m b e r 2 0 1 9 9 1 0 1 9. h t m on Friday that Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10 as the two companies prepare to compete head-to-head in the streaming television business. Iger departed Apple's board the same day the company...
doc=/ Archives/edgar/data/320193/000032019319000093/a8-kse p t e m b e r 2 0 1 9 9 1 0 1 9. h t m on Friday Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10 as the two companies prepare to take each other on head-to-head in the streaming television business. Iger departed Apple the same day that the company...
NEW YORK and SAN FRANCISCO, Sept 13- Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that U.S. tech companies will change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers take action. In an interview with Reuters Editor-in-Chief Stephen J. Adler at a Reuters...
NEW YORK and SAN FRANCISCO, Sept 13- Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that U.S. tech companies will change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers take action. In an interview with Reuters Editor-in-Chief Stephen J. Adler at a Reuters...
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