Tesla Inc (TSLA.O) and its Chief Executive Elon Musk are under criminal investigation by the U.S. Department of Justice over public statements about taking the electric carmaker private, Bloomberg reported on Tuesday. Tesla did not immediately respond to a request for comment, while DoJ declined to comment. Federal prosecutors opened a fraud investigation, the report […]

The practice, which is a violation of the company’s policy, is particularly strong in China, according to The Wall Street Journal. Amazon said on Monday it was investigating suspected internal leaks of confidential information by its employees for bribes to remove fake reviews and other seller scams from its website. Amazon employees are offering internal […]

WASHINGTON (Reuters) – The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, the Wall Street Journal reported on Sunday, citing Chinese officials. The U.S. had proposed the talks, but at the same time […]

NEW YORK  – As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime chief executive of JPMorgan Chase & Co (JPM.N), known for his bravado, quips and occasional profanity-laced outbursts. Yet Lake has emerged as a front-runner to replace Dimon when he eventually retires, […]

HONG KONG – China will ask Wall Street firms for ways to improve ties with the United States and suggestions to open up its financial sector at a day-long meeting in Beijing on Sunday, people familiar with the matter said. The Chinese government sent invitations for the hastily-convened meeting a few weeks ago as trade […]

Adobe Systems Inc (ADBE.O), the maker of image-editing software Photoshop, is in negotiations to buy Marketo Inc, a privately held cloud-based marketing software company, according to people familiar with the matter. The deal would boost Adobe’s cloud-based software offerings as it takes on larger peers Microsoft Corp (MSFT.O) and Oracle Corp (ORCL.N). Marketo offers business-to-business […]

Apple Inc unveiled larger iPhones and watches based on the design of current models on Wednesday, confirming Wall Street expectations that the company is making only minor changes to its lineup. The world’s most valuable tech company wants users to upgrade to newer, more expensive devices as a way to boost revenue as global demand […]

Why businesses love it If you want to buy a beer at Flatstick pub in Seattle, don’t whip out a $10 bill to pay—you’ll walk away thirsty. Flatstick, a hot new mini-chain in the Pacific Northwest, doesn’t take cash. Neither does Bluestone Lane, a coffee chain with locations in New York, Philly and D.C. Patrons […]

Tesla Inc (TSLA.O) will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production. Tesla currently offers seven colors for its vehicles that include top variant Model S, mid level Model X and its most affordable […]

Home-improvement retailers are higher on Monday, thanks to positive analyst commentary. While the threat of e-commerce pummeled other retailers, home-improvement stores have long been one area of relatively safety in the sector. Analysts don’t expect that to change, as fundamentals suggest more strength ahead for the stocks. Retailers have easily outperformed the market in 2018. […]