Exchange Commission

NEW YORK | Report: Moonves obstructed sexual misconduct investigation

NEW YORK — An internal investigation of former CBS chief Les Moonves has turned up more evidence of sexual misconduct as well as lying and destruction of evidence, throwing into jeopardy his $120 million severance package, The New York Times reported Wednesday. A look at what’s known about the scandal so far: THE LATEST Outside … Continue reading NEW YORK | Report: Moonves obstructed sexual misconduct investigation

WASHINGTON | Mayweather, DJ Khaled settle over digital coin promotions

WASHINGTON  — Boxing legend Floyd Mayweather and music producer DJ Khaled have agreed to pay a total $750,000 to settle federal regulators’ charges that they failed to disclose payments they received for promoting investments in digital-currency securities. The settlement of civil charges was announced Thursday by the Securities and Exchange Commission. The agency says they … Continue reading WASHINGTON | Mayweather, DJ Khaled settle over digital coin promotions

CHICO, Calif. | The Latest: Utility sued over fire sees huge stock drop

CHICO, Calif.— The Latest on the wildfires in California (all times local): 10:30 a.m. Pacific Gas & Electric Co. shares have plunged more than 20 percent in Wednesday trading after the utility said in a regulatory filing that it could face a significant financial hit if its equipment is found to be the cause of … Continue reading CHICO, Calif. | The Latest: Utility sued over fire sees huge stock drop

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