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
FRANKFURT, Germany — German automaker BMW says it is taking a majority stake in its China joint venture and investing 3 billion euros ($3.5 billion) in production there as it prepares to meet increased demand for electric vehicles. Munich-based BMW said Thursday it would pay 3.6 billion euros ($4.2 billion) to raise its stake in … Continue reading FRANKFURT, Germany | BMW ramps up investment in China to meet electric demand
SAN FRANCISCO — Tesla has been sued again by an investor who alleges that CEO Elon Musk artificially manipulated the stock price to damage investors who bet against his company. The lawsuit filed Thursday by short-seller Andrew Left alleges that Tesla and Musk damaged all shareholders when Musk tweeted Aug. 7 that he had secured … Continue reading SAN FRANCISCO | Investor sues Tesla alleging scheme to ‘burn’ short sellers
DETROIT — First it was the shocking tweet that funding was secured and Tesla may go private, then a statement that the money wasn’t locked down after all. Two weeks later it’s never mind, the whole deal is off. Welcome to the disarray of Elon Musk, the impulsive genius and architect of cutting-edge car, rocket … Continue reading DETROIT | ‘Private’ mess: Musk’s credibility goes from bad to worse
DETROIT— Tesla Inc. CEO Elon Musk said Friday that investors have convinced him that he shouldn’t take the company private, so the firm will remain on the public stock markets. The eccentric and sometimes erratic CEO said in a statement that he made the decision based on feedback from shareholders, including institutional investors, who said … Continue reading DETROIT | Musk says investors convinced him Tesla should stay public
Drugstore chain Rite Aid and grocer Albertsons say they have called off their merger deal. Rite Aid CEO John Standley said in a statement late Wednesday that after hearing the views of shareholders, Rite Aid is “committed to moving forward and executing our strategic plan as a standalone company.” As a result, a special meeting … Continue reading Rite Aid, Albertsons call off merger deal
LONDON — The Royal Bank of Scotland has announced a fall in second-quarter profit after being hit by a big charge from U.S. authorities over past misdeeds. But the bank says it is putting its troubled past behind it and will pay its first dividend to shareholders in a decade. RBS, which remains majority-owned by … Continue reading LONDON | RBS says profit down after US settlement, picture improving
ORLANDO, Fla./ July 16, 2018 (STL.News) — The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 50 cents per share payable August 15, 2018 to common shareholders of record on July 31, 2018. The 5.3% increase in the quarterly dividend marks the 29th … Continue reading Common Dividend Increased 5.3% By National Retail Properties, Inc.