Business

Ex-head of US electric truck firm found guilty of fraud

The former head of Nikola, a start-up making electric- and hydrogen-powered trucks, was found guilty of fraud on Friday for misleading investors about his company's alleged progress and capabilities in order to raise more ...

Business

Netflix and Disney poised to shake up TV ad world

With the launch of cheaper, ad-supported subscriptions, Netflix and Disney+ are expected to bite into the revenue of traditional television channels as the streaming services look toward continued expansion.

Business

UnitedHealth, Amazon are among bidders for Signify

Signify Health Inc. soared the most since its shares started trading last year as UnitedHealth Group Inc., Amazon.com Inc., CVS Health Corp. and Option Care Health Inc. competed to acquire the home-health technology and services ...

Business

Uber's stock surges on positive trends despite big Q2 loss

Uber's effort to meld its pioneering ride-hailing service with food and freight delivery showed progress during the past quarter even though the company sustained a huge loss stemming from a sharp decline in its outside investments.

Business

Alibaba shares extend losses on US delisting fear

Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities put it on a watchlist that could see it delisted in New York if it does not comply with disclosure orders.

Business

Twitter shares up after hedge fund bets against Musk

Twitter shares jumped Wednesday after a hedge fund revealed it had taken a stake in the firm based on its "strong case" against Elon Musk for moving to back out of his $44 billion buyout bid.

Business

Activision board says execs didn't ignore harassment

The board of directors of US video game publisher Activision Blizzard said Thursday that there was no evidence to suggest that management had ignored or minimized accusations of sexual harassment.

Business

Musk aims to ease concerns in address to Twitter workers

In an unusual move for what's been an unusual takeover bid by the world's richest man for Twitter, Tesla CEO Elon Musk will address the social platform's employees Thursday, even though his $44 billion offer has not yet been ...

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