Wednesday, 8 August 2018

U.S. SEC examining Musk's tweets on taking Tesla private: WSJ

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U.S. SEC examining Musk's tweets on taking Tesla private: WSJ

U.S. regulators are examining how Tesla Inc Chief Executive Elon Musk announced his plan to take the electric carmaker private and whether his statement was truthful, the Wall Street Journal reported on Wednesday.

A look at Tesla's nine-member board

Tesla Inc's board has said it is evaluating taking the electric car maker private, a day after Chief Executive Elon Musk surprised shareholders with the idea of launching the biggest leveraged buyout of all time.

Roku reports 57 percent rise in quarterly revenue

Roku Inc reported a 57.4 percent rise in quarterly revenue on Wednesday, helped by higher number of subscribers for its ad-supported video streaming platform.

Fox's revenue rises 18 percent

Twenty-First Century Fox Inc's quarterly revenue jumped 17.7 percent as the Rupert Murdoch-controlled media company received higher fees from cable distributors.

S&P 500 ends flat; energy, trade jitters a drag

The S&P 500 ended flat on Wednesday as energy share declines and trade jitters kept gains in check.

Tronc weighing offer to sell newspaper business: report

Tronc Inc is weighing an offer to sell the Chicago Tribune and the rest of its newspaper holdings to a private equity firm, the Chicago Tribune reported on Wednesday.

Beer drinkers lose U.S. appeal over Anheuser-SABMiller merger

A federal appeals court on Wednesday rejected an antitrust challenge by 23 beer drinkers to Anheuser-Busch InBev SA's $107 billion purchase in 2016 of SABMiller Plc, which they claimed would thwart competition and raise prices in the U.S. beer market.

Oil drops on China import data, weighing on equities

Oil prices slumped after Chinese import data showed a slowdown in demand and weighed on world equity markets, which traded near break-even as U.S. technology shares extended recent gains.

China, Germany defend Iran business ties as U.S. sanctions grip

China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump's warning that any companies trading with the Islamic Republic would be barred from the United States.

Factbox: European companies respond to latest Iran sanctions

New U.S. sanctions against Iran took effect on Tuesday and President Donald Trump, who defied Washington's allies to impose them, pledged that companies doing business with Tehran would be barred from doing business with the United States.

Tariffs on Chinese goods could batter the U.S. vaping industry

Proposed tariffs on U.S. imports from China of electronic cigarettes, known as vaping products, could not come at a worse time for the industry.

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