• SEC chairman says Tesla case is 'settled' despite CEO's tweet

    17 days ago - By Reuters

    The U.S. Securities and Exchange Commission chairman said on Monday that the agency would not revisit its securities fraud settlement with Tesla Inc despite Chief Executive Elon Musk's tweet mocking the regulator.
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  • Cyber Monday to beat the record

    17 days ago - By Reuters

    U.S. shoppers flocked to online sites on Cyber Monday, diluting the importance of Black Friday. Angela Moore reports.
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  • Microsoft Briefly Moves Past Apple as the World's Most Valuable Company

    17 days ago - By Fortune

    Microsoft briefly surpassed Apple as the most valuable company in the world Monday as the market cap of Microsoft's stock traded above Apple's.
    For years, Apple has ruled as the U.S. stock with the largest market cap. In August, Apple's market cap rose above the $1 trillion level, becoming the first U.S. stock to reach that level. Last month, however, Apple's stock tumbled on a disappointing outlook for the holiday season this quarter. Microsoft's stock also fell during the selloff in tech stocks but held up relatively well.
    According to Bloomberg, Apple's market cap fell to $812 billion...
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  • Disney, Fox sued in U.S. for $1 billion over Malaysia theme park

    17 days ago - By Reuters

    Walt Disney Co and Twenty-First Century Fox Inc were sued for more than $1 billion on Monday by casino operator Genting Malaysia Bhd , which accused them of abandoning a contract related to its planned construction of the first Fox-branded theme park.
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  • Cyber Monday on track for U.S. online shopping record

    17 days ago - By Reuters

    Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs.
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