Bloomberg Elon Musk’s comments about taking Tesla Inc. private were “aspirational,” not fraudulent, the company argues in asking a judge to throw out a shareholder lawsuit over his infamous tweet from 1 1/2 years ago. Investors claim the Twitter post on August 7, 2018 — “Am considering taking Tesla private at $420. Funding secured” — was an intentional deception that ...

Throughout the 2016 Brexit referendum campaign and at many points during the Brexit debates that followed, a free trade deal with the US was dangled by Brexiters as the prize that beckoned if only they’d hold their nerve. That prize may soon be there for the taking, but the closer it gets, the less impressive it looks. The Boris Johnson’s ...

Intu Properties Plc is in an almighty pickle. The owner of the Lakeside and Trafford Centre shopping malls has said that it had been unable to raise between 1 billion pounds ($1.3 billion) and 1.5 billion pounds of equity. That’s not surprising. Even before the outbreak of the new coronavirus, tapping shareholders looked like a long shot. Intu has 4.5 ...

Standard Chartered Plc investors should be careful what they wish for. Shares in the emerging markets lender rose on March 3 after Bloomberg News reported that Chairman Jose Vinals has informally approached banking executives to gauge interest in replacing Chief Executive Officer Bill Winters, who’s about to complete five years at the Asia-focused bank. StanChart responded to the story by ...

China is poised to let some of its biggest state-owned entities help develop a giant West African iron-ore deposit that’s been tantalizingly promising and painfully problematic for two decades. Whatever happens next, this watershed moment for the steelmaking commodity is bad news for big producers, particularly Rio Tinto Group. The State-owned Assets Supervision and Administration Commission is actively pushing forward ...

When it comes to infectious disease outbreaks, we just haven’t learned. It’s not as if we weren’t warned. Last year, a report by the Global Preparedness Monitoring Board, a body put together by the World Health Organisation (WHO) and the World Bank Group, said that there was “a very real threat of a rapidly moving, highly lethal pandemic of a ...

A good deal becomes a great deal in a market that has suddenly turned. The Agnelli family’s agreement to sell PartnerRe Ltd. to French insurer Covea for $9 billion may fall short of what investors were hoping for last month. But to ink an all-cash disposal at this price is some achievement — even if the buyer is rich and ...

If you’re raining cash on people and want them to spend it, you have to convince them that the benevolence is being financed by printing money. Nobody wants to worry about being taxed more in the future. These things are going to be problematic for Hong Kong Financial Secretary (HJFS) Paul Chan. He plans to give away HK$10,000 to every ...

Bloomberg As Chinese factories hit by the coronavirus look to restart production, the pain is only beginning for carriers that rely on steady shipments of Asian smartphones. AT&T Inc is bracing for handset shortages across the US. A carrier in the UK and one in France are already dealing with supply disruption and could run out of some popular models, ...

Bloomberg Tech giants continue to drop out of this month’s South by Southwest festival over coronavirus concerns, threatening an event that typically serves as one of the industry’s most influential gatherings. Apple Inc said that it wouldn’t be attending the conference, which kicks off on March 13 in Austin, Texas. The iPhone maker and streaming-video provider had planned to debut ...