Business

(Reuters) – Shares of Tesla Inc (TSLA.O) dived 13 percent in early trading on Friday as Wall Street worried a lawsuit from U.S. regulators could force Chief Executive Elon Musk to step down and make it difficult for the loss-making carmaker to raise more capital. A parking sign is shown at a newly installed Tesla
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NEW YORK/SAN FRANCISCO (Reuters) – The top U.S. securities regulator on Thursday accused Tesla Inc (TSLA.O) Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about potentially taking Tesla private last month. Musk,
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WASHINGTON (Reuters) – U.S. President Donald Trump said he rejected Canadian Prime Minister Justin Trudeau’s request for a meeting during the UN General Assembly this week because bilateral North American Free Trade Agreement (NAFTA) talks are going poorly and the United States is unhappy with Canada’s negotiators. Trump said he would not accept the meeting
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BUENOS AIRES/SAO PAULO (Reuters) – Uber’s fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation’s sudden economic unraveling, which has boosted unemployment and sliced the purchasing power of Argentines. Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay Twenty percent
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FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead. A Porsche logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt Volkswagen has admitted to deliberately cheating diesel
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