[ad_1] NEW YORK (Reuters) – Lawyers for Elon Musk and the U.S. Securities and Exchange Commission will square off in a Manhattan courtroom next week over whether the Tesla Inc chief executive should be held
Wall Street climbs as financials snap five days of losses
[ad_1] NEW YORK (Reuters) – U.S. stocks gained on Tuesday, with financials snapping a five-day losing streak as Treasury yields stabilized above 15-month lows. Street signs for Broad St. and Wall St. are seen outside
Daimler nears deal to sell half its Smart unit to China’s Geely – Financial Times
[ad_1] FILE PHOTO: The emblem of the Geely automobile maker logo is seen at the IEEV New Energy Vehicles Exhibition in Beijing, China October 18, 2018. Picture taken October 18, 2018. REUTERS/Thomas Peter/File Photo (Reuters)
OxyContin maker Purdue reaches $270 million settlement in Oklahoma opioid case
[ad_1] (Reuters) – OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing
Exclusive: FAA says oversight needs to ‘evolve’ after Boeing crashes
[ad_1] FILE PHOTO: Candle flames burn during a commemoration ceremony for the victims at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town Bishoftu, near Addis Ababa, Ethiopia March 14,
Merck KGaA goes hostile in $5.9 billion Versum takeover battle
[ad_1] FRANKFURT (Reuters) – German pharma group Merck KGaA launched a hostile $5.9 billion all-cash takeover offer for Versum Materials on Tuesday to boost its presence in the semiconductor materials market and sideline a rival
Wirecard shares soar after law firm clears head office of wrongdoing
[ad_1] FRANKFURT (Reuters) – Local staff at the Singapore office of Wirecard may have committed crimes but these were not material to the German payment company’s financial position, an investigation by an outside law firm
Airline Avianca Brasil to trim fleet size, destinations
[ad_1] SAO PAULO (Reuters) – Brazilian carrier Avianca Brasil will reduce its fleet size and cease operations at Rio de Janeiro’s international airport as it downsizes in the wake of a bankruptcy filing in December,
Fears of recession keep risk rebound in check
[ad_1] LONDON (Reuters) – Calm returned to global markets on Tuesday, with gains on European and Asian bourses and a tick higher in benchmark bond yields helping to soothe nerves after a jarring few days
With resilient Germany, euro zone recession risk low: ECB’s Makuch
[ad_1] BRATISLAVA (Reuters) – The risk of euro zone recession remains very low as Germany, the bloc’s biggest economy, is showing resilience and some recent indicators point to some improvement, European Central Bank policymaker Jozef