Global News

Tesla forms three-member panel to decide on any Musk proposal

Tesla Inc's board named a special committee of three directors on Tuesday to evaluate possibly taking the electric carmaker private, although it said it had yet to see a firm offer from the company's chief executive, Elon Musk.

A look at Tesla's nine-member board

Tesla Inc's board has named a special committee of three directors to negotiate with Chief Executive Elon Musk on taking the electric car maker private, although it said it was yet to see a firm offer from him.

Einhorn's Greenlight cuts back many top holdings, slices Apple

Billionaire investor David Einhorn, whose Greenlight Capital is posting some of the hedge fund industry's worst returns, cut back several long-term holdings, including Apple Inc , Voya Financial Inc and Consol Energy Inc , a filing made on Tuesday shows.

Tinder founders sue parent IAC, saying it undervalued company

A group of founders, executives and early employees of popular dating app Tinder on Tuesday sued IAC/InterActiveCorp , claiming the parent company deliberately undervalued Tinder to avoid paying them billions of dollars.

Wall St. gains on earnings, recovery in bank stocks

U.S. stocks rose in a broad rally on Tuesday after four straight days of losses on a strong set of earnings from retailers and as bank stocks rebounded after the Turkish lira snapped a three-week slide.

Global shares rebound as lira pulls out of nosedive

World share markets rebounded on Tuesday as Turkey's lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy.

Uber names Matt Olsen as chief security officer

Uber Technologies Inc [UBER.UL] named Matt Olsen as its chief security officer, the ride hailing company's Chief Executive Officer Dara Khosrowshahi said in a tweet on Tuesday.