Tesla Inc’s Elon Musk could settle with U.S. regulators who have sued to remove him from the electric carmaker’s leadership, but he is prepared to fight the securities fraud lawsuit against him in court, sources said on Friday as shares plunged about 14 percent.
Facebook Inc said on Friday that hackers stole digital login codes allowing them to take over up to 50 million user accounts, after what has already been a difficult year for the company’s reputation.
The U.S. dollar rose on Friday as the euro fell on deepening worries about the Italian budget and its new higher-than-expected deficit target, which also slammed European stocks.
Credit Suisse Group AG was fined $10 million on Friday by the U.S. Securities and Exchange Commission and New York Attorney General Barbara Underwood over its handling of retail customer orders, including through its dark pool.
The text of the Trump administration’s trade agreement with Mexico is due to be released on Friday, launching a contentious U.S. approval process as pressure mounts on Canada to join its partners in revamping the North American Free Trade Agreement.
Wall Street rose by a smidgen on Friday as gains led by Intel, real estate companies and utilities offset Facebook after the social network disclosed a security breach.
EU antitrust regulators are asking retailers and manufacturers whether Amazon’s sales of own brand products similar to theirs have harmed their business, a move which could lead to a formal case and possibly fines against the U.S. tech giant.
A U.S. trade judge on Friday declined to block the importation of Apple Inc iPhones with chips from Intel Corp , handing a major defeat to Qualcomm Inc in its high-stakes legal dispute with the iPhone maker.
Credit Suisse Group AG has agreed to pay $10 million to settle U.S. charges related to its handling of customer orders and alleged fraudulent electronic trading practices.
Shares of Tesla Inc plunged 13 percent on Friday after U.S. securities regulators accused Elon Musk of fraud and sued to have him banned from the leadership of the electric carmaker, although sources said the high-tech billionaire could still reach a settlement.
The cost to insure debt holdings in electric carmaker Tesla Inc rose to its highest-ever level on Friday as the bond market reflected growing worries about a default, following the news that Chief Executive Elon Musk had been accused of fraud by federal regulators.
Facebook Inc has discovered a security flaw affecting about 50 million user accounts which could have allowed attackers to take over those accounts, the social networking company said on Friday.
U.S. stocks were little changed on Friday afternoon as a drop in Facebook after it disclosed a security breach pulled Wall Street off the highs following a boost from Intel and energy companies.
Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives, a senior Republican said on Friday.
Salix Pharmaceuticals, a unit of Bausch Health Companies Inc , has moved to settle charges brought by the U.S. Securities and Exchange Commission that it misled investors about the company’s prospects, the SEC said on Friday.
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