HNA denies embezzlement claims as it fights for control of Hong Kong Airlines

HNA denies embezzlement claims as it fights for control of Hong Kong Airlines
HONG KONG (Reuters) – Embattled Chinese conglomerate HNA Group has denied accusations of embezzlement and financial irregularity made by a rival group of shareholders in Hong Kong Airlines (HKA) as the two sides fight for control of the struggling carrier. The HNA Group logo is seen on the gate of HNA Plaza building in Beijing, China July 4, 2018. REUTERS/Elias... Read More

Uber’s self-driving unit valued at $7.25 billion in new investment

Uber’s self-driving unit valued at $7.25 billion in new investment
SAN FRANCISCO (Reuters) – Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo... Read More

Uber lands $1 billion from SoftBank, Toyota for self-driving unit

Uber lands $1 billion from SoftBank, Toyota for self-driving unit
SAN FRANCISCO (Reuters) – Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp , giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File... Read More

National Enquirer to be sold to owner of magazine distributor

National Enquirer to be sold to owner of magazine distributor
(Reuters) – American Media Inc (AMI) said on Thursday it was selling its National Enquirer tabloid to James Cohen, whose family owns a magazine distributor and used to own the Hudson chain of airport newsstands. U.S. tabloid newspaper the National Enquirer display rack is seen in Washington, U.S., April 10, 2019. REUTERS/Jeenah Moon The National Enquirer had admitted to paying... Read More

Tesla’s Elon Musk, SEC ask court for another week to work out deal on Twitter use

Tesla’s Elon Musk, SEC ask court for another week to work out deal on Twitter use
FILE PHOTO: Tesla CEO Elon Musk arrives at Manhattan federal court for a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S., April 4, 2019. REUTERS/Shannon Stapleton/File Photo NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission are seeking more time from a federal... Read More

Tesla’s Elon Musk, SEC seek more time from court to work out deal on Twitter use

Tesla’s Elon Musk, SEC seek more time from court to work out deal on Twitter use
FILE PHOTO: Tesla CEO Elon Musk arrives at Manhattan federal court for a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S., April 4, 2019. REUTERS/Shannon Stapleton/File Photo NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission are seeking more time from a federal... Read More