investors News

Judge Rejects ‘Gag Order’ for Elon Musk in Shareholder Suit

Elon Musk will not be subjected to a “gag order” preventing him from discussing a lawsuit claiming he defrauded Tesla Inc. shareholders by tweeting in 2018 about taking his electric car company private, a federal judge ruled on Wednesday. U.S. …

Elon Musk Can’t Avoid Scrutiny of His Tesla Tweets, SEC Says

Elon Musk’s tweets about Tesla Inc. will remain a valid subject for government investigation even if a court throws out a his 2018 agreement with the U.S. Securities and Exchange Commission, the agency told a judge. Musk is seeking to …

Exxon Mobil Loses Appeal Over Climate Change Probes

NEW YORK –– A federal appeals court on Tuesday rejected Exxon Mobil Corp’s XOM.N effort to stop Massachusetts and New York from probing whether the oil company lied to investors and the public regarding what it knew about climate change. …

What Will Silicon Valley Learn From Holmes’ Conviction?

SAN JOSE, Calif. (AP)–The fraud conviction of former Theranos CEO Elizabeth Holmes could offer Silicon Valley’s culture of hubris and hype some valuable lessons. Will anyone in the tech industry actually take this moment to heart? Don’t count on it. …

Investors Push World’s Top Chemicals Companies Over Hazardous Substances

LONDON — Investors managing $4.1 trillion in assets are urging the world’s biggest chemical companies to phase out production of hazardous substances which linger in the environment and have been linked to serious health problems. The move by 23 investors …

Companies Cautious on Impact of Omicron Coronavirus Variant

Pandemic-weary corporations struggled to assess the impact of the new Omicron variant of the coronavirus on Monday, with industries from airlines to autos awaiting more details to help determine how it might affect their operations and profits. The World Health …

JPMorgan to Pay $60M to Settle Precious Metals Spoofing Lawsuit

NEW YORK — JPMorgan Chase & Co agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of intentionally manipulating prices of precious metals futures and options. The settlement disclosed on Friday stemmed …

“Flashing Red”: Finance System Grows More Dangerous – Allianz CEO

FRANKFURT — Allianz Chief Executive Officer Oliver Baete said on Thursday that the financial world was getting more dangerous, not safer, setting an ominous tone for investors. Baete, who oversees one of the world’s largest insurers and asset managers, pointed …

Boeing Investors Reach Deal to Settle Safety Lawsuit Over 737 MAX

SEATTLE/WASHINGTON — Boeing Co investors have reached an agreement with current and former company officers to settle a lawsuit over the safety oversight of the 737 MAX, two people familiar with the matter said on Thursday. The proposed settlement agreement …

Twins Who Built $1.3 Billion Marshmallow App Take on Insurers

For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as Silicon Roundabout, where its employees work …