Exchange Commission

Shareholders must vote on Musk’s return as Tesla chairman

If Tesla CEO Elon Musk wants to return as chairman, shareholders will have to vote on it. The requirement is detailed in a court brief filed jointly on Thursday by Tesla and the Securities and Exchange Commission. The brief was required by a federal judge who must approve a securities fraud settlement reached with Musk … Continue reading Shareholders must vote on Musk’s return as Tesla chairman

TOKYO | Japanese tycoon going on SpaceX rocket says he trusts Musk

TOKYO — The Japanese online retail tycoon who plans to travel to the moon on the SpaceX rocket says he respects and trusts Elon Musk as a fellow entrepreneur, despite his recent troubles. “Twitter can get you into trouble,” Yusaku Maezawa, chief executive of Zozo Inc., said Tuesday at the Foreign Correspondents’ Club in Tokyo. … Continue reading TOKYO | Japanese tycoon going on SpaceX rocket says he trusts Musk

SAN FRANCISCO | Musk takes swipe at SEC on heels of fraud settlement

SAN FRANCISCO — Tesla CEO Elon Musk is apparently taunting the government agency that accused him of duping investors just days after negotiating a settlement to keep his job. Musk jabbed the Securities and Exchange Commission on his Twitter account, the same agency that went after him for an August 7 tweet in which he … Continue reading SAN FRANCISCO | Musk takes swipe at SEC on heels of fraud settlement

TOKYO | Musk to workers: Perform for profit, prove ‘naysayers wrong’

TOKYO — Tesla founder Elon Musk is telling his employees to work hard on the last day of the quarter to prove “the naysayers wrong.” In a Sept. 30 email, filed with the U.S. Securities and Exchange Commission on Monday, Musk said the electric car maker is nearing profitability. The commission had filed a lawsuit … Continue reading TOKYO | Musk to workers: Perform for profit, prove ‘naysayers wrong’

WASHINGTON | New Tesla chair must rein in CEO Musk at key moment

WASHINGTON — It won’t be an easy job. Whoever becomes the new chairman of Tesla Motors will face the formidable task of reining in Elon Musk, the charismatic, visionary chief executive with an impulsive streak, while also helping Musk achieve his dream of turning Tesla into a profitable, mass-market producer of environmental-friendly electric cars. Musk … Continue reading WASHINGTON | New Tesla chair must rein in CEO Musk at key moment

DETROIT | Tesla without Musk at the wheel? It’s what the SEC now wants

DETROIT— Tesla without Elon Musk at the wheel? To many of the electric car maker’s customers and investors that would be unthinkable. But that’s what government securities regulators now want to see. The Securities and Exchange Commission has asked a federal court to oust Musk as Tesla’s chairman and CEO, alleging he committed securities fraud … Continue reading DETROIT | Tesla without Musk at the wheel? It’s what the SEC now wants

REDMOND, Wash. | Microsoft confirms employee firings amid Hungary bribe probe

REDMOND, Wash.  — Microsoft said Thursday it has fired four employees and terminated its relationship with four business partners at its Hungarian subsidiary. The company did not give a precise date when it took the actions in Hungary but it made its announcement after the Wall Street Journal reported that it is under investigation in … Continue reading REDMOND, Wash. | Microsoft confirms employee firings amid Hungary bribe probe

NEW YORK | Trump asks SEC to look into practicality of corp. reports

NEW YORK  — President Donald Trump says he’s asking federal regulators to look into the effectiveness of the quarterly financial reports that publicly traded companies are required to file. In a tweet early Friday, Trump said that after speaking with “some of the world’s top business leaders,” he’s asked the U.S. Securities and Exchange Commission … Continue reading NEW YORK | Trump asks SEC to look into practicality of corp. reports