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Fujifilm sues Xerox for $1bn over failed deal

Bloomberg Fujifilm Holdings Corp. accused Xerox Corp. of caving to the whims of Carl Icahn and Darwin Deason in backing out of a $6.1 billion takeover deal. Fujifilm sued Xerox in Manhattan federal court over the failed takeover, seeking more than $1 billion in damages. Xerox walked away from the deal on May 13. “This change of heart is undoubtedly ...

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EchoStar weighs higher Inmarsat bid after rebuttal

Bloomberg EchoStar Corp is considering raising its offer for rival Inmarsat Plc after its initial approach for the British satellite company was rejected as being too low, according to people familiar with the matter. EchoStar, founded by billionaire Charlie Ergen, is discussing financing for an improved offer in the coming days, said the people, who asked not to be identified ...

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Tesla probing ‘extensive’ sabotage by disgruntled employee, says Musk

Bloomberg A disgruntled Tesla Inc. employee broke into the company’s manufacturing operating system and sent highly sensitive data to unknown third parties, according to an email Elon Musk sent to staff. The worker, who had been denied a promotion, did “quite extensive and damaging sabotage” to Tesla’s operations, Musk wrote in the memo, which was reported in full by CNBC. ...

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