Corporate News
Tesla's Musk earns $770M in stock options, company confirms
May 28, 2020

Tesla's Musk earns $770M in stock options, company confirms

Tesla has confirmed that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company meeting several financial metrics

Court rejects bid to revive cancelled US pipeline program
May 28, 2020

Court rejects bid to revive cancelled US pipeline program

A U.S. appeals court has turned down a request by the Trump administration to revive a permit program that allows new oil and gas pipelines to be built across water bodies

Nordstrom's 1Q sales fell 40% as pandemic shuttered stores
May 28, 2020

Nordstrom's 1Q sales fell 40% as pandemic shuttered stores

Upscale department store retailer Nordstrom's sales plunged 40% in its fiscal first quarter when the pandemic temporary shuttered its stores

Suits accuse retail chains of flooding Ohio with painkillers
May 28, 2020

Suits accuse retail chains of flooding Ohio with painkillers

New lawsuits filed by two Ohio counties against five retail chains claim they flooded communities with painkillers through their pharmacies for years and did little to stop drugs from being abused or diverted

Man charged for $317M sale of virus masks that didn't exist
May 28, 2020

Man charged for $317M sale of virus masks that didn't exist

A Georgia man has been charged in federal court with trying to swindle a foreign government out of $317 million in exchange for a huge shipment of masks to protect against the coronavirus that didn't really exist

Dollar Tree, Semtech rise; American Airlines, HP fall
May 28, 2020

Dollar Tree, Semtech rise; American Airlines, HP fall

Stocks that moved heavily or traded substantially on Thursday: Dollar Tree, Semtech rise; American Airlines, HP fall

Trump escalating war on Twitter, social media protections
May 28, 2020

Trump escalating war on Twitter, social media protections

President Donald Trump is escalating his war on social media companies, preparing to sign an executive order challenging the liability protections that have served as a bedrock for unfettered speech on the internet

Harbor Freight recalls jack stands that can fail under load
May 28, 2020

Harbor Freight recalls jack stands that can fail under load

The U.S. government’s road safety agency is warning people not to use Pittsburgh Automotive jack stands sold by Harbor Freight Tools because they can collapse when holding a load

Simon & Schuster names Jonathan Karp as new CEO
May 28, 2020

Simon & Schuster names Jonathan Karp as new CEO

Jonathan Karp, who has worked with authors ranging from Sen. Edward Kennedy to Susan Orlean, has been named the new CEO of Simon & Schuster

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