PSA shareholders approve merger with Fiat Chrysler
At a special shareholder meeting, the plan to form Stellantis was backed by more than 99 percent of the votes cast by the company's top investors, including the Peugeot family and Dongfeng Motor......»»
Renault, Nissan directors set to approve alliance deal with hours to spare
Renault's management faces "low-level" or "last minute" demands from Nissan but a deal to reshape the alliance is set to be approved just ahead of an official event to announce the details......»»
Musk tells jury he had "no ill motive" behind Tesla tweet
Tesla CEO Elon Musk testified Tuesday that he intended to inform and not deceive shareholders when he tweeted in 2018 he had funding lined up to take the electric car maker private, which shareholders allege was a lie......»»
Investigating the relationship between startups and venture capitalists
Venture capital firms (VCs), sophisticated investors in early-stage startups, are important players in the startup industry. The majority of startups exit through a Merger and Acquisition (M&A) deal. However, empirical evidence on private M&A contrac.....»»
Elon Musk resumes testimony in defense of his tweets
Elon Musk testified that Saudi Arabia's sovereign wealth fund "unequivocally" wanted to take Tesla Inc. private in 2018, a core element of his defense to claims that his tweets about the take-private plan misled shareholders......»»
Twitter hired experts for case against Musk—now Musk won’t pay them, lawsuit says
Company says it wasn't paid for work on lawsuit that forced Musk to complete merger. Enlarge (credit: Getty Images | wragg) Twitter was sued yesterday by a consulting firm that says it was never paid for work it did on t.....»»
Musk"s tweet cost investors millions, jury told
Elon Musk misled Tesla shareholders when he tweeted in 2018 about taking the company private with "funding secured" and cost them millions of dollars, a lawyer for investors told jurors at the chief executive officer's securities fraud trial......»»
Apple agrees to audit labor practices ahead of shareholders meeting
In an effort to appease investors, Apple will undergo a third-party assessment of its labor practices concerning workers' freedom and collective bargaining.Apple ParkThe news of the audit comes ahead of the 2023 annual shareholder's meeting on March.....»»
Carvana adopts shareholder rights plan
Carvana said it has adopted a "poison pill" to limit shareholders from increasing stake, making it difficult for the used car retailer to use its net operating loss (NOL) carryforwards to reduce tax......»»
Elon Musk begins trial over Tesla tweet that cost him $20m
Shareholders are suing the Tesla CEO over a 2018 tweet saying he had the funds to take the firm private......»»
4 ‘zombie" Dodge Darts bought in 2022
The Chrysler 200, Volkswagen CC and Suzuki XL7 also were among the dead nameplates that people bought new in 2022......»»
Tim Cook agrees to a massive pay cut
Apple CEO Tim Cook recommended the company cut his pay this year after shareholders rebelled......»»
Apple shareholder meeting to be held on March 10
Apple will hold its annual shareholders meeting on Friday, March 10 at 9:00 AM Pacific time.Apple ParkAs with previous years, the meeting will be held virtually. Prior to the pandemic, meetings were held at the Steve Jobs Theater. Read more........»»
India reportedly to approve Vedanta-Foxconn"s chip fab project
India is reviewing three proposals from global semiconductor companies, among which the Vedanta-Foxconn JV may be the first to be approved thanks to its credibility in terms of technology and production capabilities......»»
Chris Cabrera joins Arkose Labs Board of Directors
Arkose Labs has announced that Chris Cabrera, founder and CEO of Xactly Corporation, has joined its Board of Directors effective Jan. 1, 2023. Cabrera is the company’s seventh board member, and represents the interest of common shareholders. Ar.....»»
Scientists find pair of black holes dining together in nearby galaxy merger
While studying a nearby pair of merging galaxies using the Atacama Large Millimeter/submillimeter Array (ALMA)—an international observatory co-operated by the U.S. National Science Foundation's National Radio Astronomy Observatory (NRAO)—scientis.....»»
Microsoft admits it should not have argued the FTC is unconstitutional
Microsoft's case for Activision Blizzard merger leans more on market shares now. Enlarge / Microsoft's arguments against the FTC's halting of its Activision Blizzard purchase now rely more on Call of Duty than constitutional auth.....»»
GM, Stellantis and Mercedes-Benz dealerships sell in Q4 deals
Chrysler-Dodge-Jeep-Ram, General Motors and Mercedes-Benz dealerships were sold in fourth-quarter transactions in three states. Two of the transactions involved Canadian dealership groups — Alpha Auto Group and Foundation Automotive Corp. — buyin.....»»
Investors settle Cyberpunk 2077 lawsuit with developer for $1.85 million
CD Projekt Red shareholders will split a fraction of what they claimed to lose. Enlarge / Cyberpunk 2077's bug-laden arrival on Xbox One and PlayStation 4 consoles caused headaches for players and losses for shareholders. (credit.....»»
Western Digital, Kioxia revive merger talks with flash memory demand sinking
Western Digital Corp. has restarted talks with Japan's Kioxia Holdings Corp. in a deal that could unite two technology storage providers, according to people familiar with the matter......»»
Fiat unveils metaverse car shopping service
Fiat is looking to roll out the metaverse showroom in France, Germany and the United Kingdom in early 2023......»»