Tesla directors settle, isolating Musk as SolarCity trial looms
Directors of Tesla Inc settled a shareholder lawsuit over its 2016 acquisition of SolarCity Corp, leaving Chief Executive Officer Elon Musk as the lone defendant facing...
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Bayer considering stopping sales of glyphosate to private users: newspaper
Bayer is considering stopping sales of the weedkiller glyphosate to private users who apply it in their gardens, German newspaper Handelsblatt reported on Thursday, citing financial...
Global stocks, oil tumble on fears virus to hurt China's economy
Global equity markets tumbled on Thursday as the death toll from China's coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond as...
Oil falls to new three-month lows as virus fears grow, OPEC mulls meeting
Oil prices fell more than 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues...
UBS Europe probed in Italy in asset manager fraud investigation: sources
Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into small asset manager...
CIBC planning layoffs to cut costs
Canadian Imperial Bank of Commerce will lay off employees in the months ahead to cut costs, a memo obtained by Reuters showed.
Pompeo urges EU to exclude 'high-risk suppliers' from 5G networks
U.S. Secretary of State Mike Pompeo on Thursday urged the European Union to exclude "high-risk" suppliers from all parts of 5G networks.
Oil falls 3% to new three-month lows as China virus cases surpass SARS total
Oil prices fell 3% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread...
Tesla short sellers lose more than $1.5 billion in one day as stock skyrockets on earnings
Tesla short sellers are now down more than $5.2 billion this year in mark-to-market losses after losing $2.89 billion in 2019.
Zuckerberg pledges Facebook users privacy upgrades after $550 million facial recognition settlement
Facebook Inc has reached a $550 million settlement of claims it collected and stored millions of users' biometric data without their consent, as Chief Executive Mark...
Aston Martin calls board meeting to decide on fundraising
British luxury carmaker Aston Martin will hold a board meeting on Thursday to decide whether to raise funds through the sale of a strategic stake, a...
U.S. banks could invest in venture capital funds again under 'Volcker rewrite'
U.S. banks would be able to take large stakes in venture capital funds under a proposal to ease strict bank trading and investment rules introduced following...
Enbridge defends plan to sell capacity on Mainline oil network
Canadian pipeline company Enbridge Inc said on Thursday its plan to sell nearly all capacity on the Mainline oil network for the long term is fair...
U.S. LNG producers fear more price drops as they await China buys under Phase 1 deal
China has restarted talks with U.S. liquefied natural gas marketers to buy more LNG, several industry executives told Reuters, but they are worried that any purchases...
U.S. weekly jobless claims fall; prior week revised sharply higher
The number of Americans filing for unemployment benefits fell last week, pointing to continued labor market strength, though applications for the prior week were much higher...