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 claims that Tesla paid US$2.6 billion for a worthless solar system installer, according to court documents.
U.S. stocks fell on Thursday as the coronavirus epidemic raised fears of a further hit to China's economy, while weak earnings from Facebook and others added to the gloom.
Earnings for S&P 500 companies are seen increasing for the fourth quarter over a year earlier, according to IBES data from Refinitiv.
After 169 years of keeping the business in the family, agricultural commodity giant Louis Dreyfus Company (LDC) is open to selling a large non-controlling stake to an external stakeholder, its chairwoman told Reuters.
The deadly coronavirus outbreak in China could start to disrupt India's production of smartphones if it continues to spread in February, industry executives said, as it could delay component shipments.
EU lawmakers overwhelmingly called on Thursday for rules to establish a common charger for all mobile device makers across Europe, a drive that iPhone maker Apple has criticised.
Altria Inc said on Thursday it recorded a US$4.1 billion charge in the fourth quarter for its investment in Juul Labs Inc, nearly three months after taking a US$4.5 billion charge in the e-cigarette maker.
Shares of Facebook Inc fell 7per cent on Thursday after the social media giant posted its slowest quarterly growth since its market debut as expenses mount and warned of continued stagnant growth.
US Secretary of State Mike Pompeo on Thursday sought to defuse tension over Britain's decision to allow China's Huawei a role in its communication network, but described the Chinese Communist Party as the biggest threat of the current era.
U.S. banks would be able to take large ownership stakes in venture capital funds under proposed rules unveiled Thursday by the Federal Reserve.
