Twitter Vows Legal Fight After Musk Withdraws From $44 Billion Deal

July 8 (Reuters) – Elon Musk, CEO of Tesla (TSLA.O) and the world’s richest person, said on Friday he would terminate his $44 billion deal to buy Twitter. (TWTR.N) because the social media company had breached multiple provisions of the merger agreement. Twitter Chairman Bret Taylor said on the microblogging platform that the board plans … Read more

Rogers Network Outage in Canada Affects Banks, Businesses and Consumers

General view of the Rogers Building, Rogers Communications neighborhood in Toronto, Ontario, Canada, October 22, 2021. REUTERS/Carlos Osorio Sign up now for FREE unlimited access to Record TORONTO, July 8 (Reuters) – A major service outage at Rogers Communications Inc. (RCIB.TO) Mobile and internet networks caused widespread outages across Canada on Friday, hitting banks, … Read more

Crypto Lender Voyager Digital Files for Bankruptcy

Stephen Ehrlich, CEO and co-founder of Voyager Digital Ltd., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 8, 2022. REUTERS/Brendan McDermid Sign up now for FREE unlimited access to Record Jul 6 (Reuters) – US crypto lender Voyager Digital (VOYG.TO) said Wednesday that it has filed … Read more

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banker found guilty of qualifying money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by the Swiss Federal Criminal Court on Monday of failing to prevent money laundering by a Bulgarian gang of cocaine traffickers in … Read more

Latest Crypto Crash Leaves Punters Bruised and Bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings and earn some spending money from its double-digit interest rates along the way. “I was probably making $100 a week” at places like Celsius, said Fong, a 29-year-old civil aerospace worker who lives … Read more

Crypto Industry Fears Contagion as Bitcoin Drops Below $20,000

Representations of the virtual currencies Ripple, Bitcoin, Etherum and Litecoin are seen on a PC motherboard in this illustration image, February 14, 2018. REUTERS/Dado Ruvic/File photo Sign up now for FREE unlimited access to Record LONDON/HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday as Bitcoin struggled to stay … Read more

Credit Suisse shares soar on State Street takeover interest

The logo of Swiss bank Credit Suisse is seen at its headquarters at Paradeplatz square in Zurich, Switzerland, October 1, 2019. REUTERS/Arnd Wiegmann Sign up now for FREE unlimited access to Record MILAN, June 8 (Reuters) – Shares in Credit Suisse (CSGN.S) rose sharply on Wednesday afternoon, with traders citing a Paradeplatz interior report … Read more

Exclusive: Musk Twitter Deal Threats Freeze New Funding: Sources

June 7 (Reuters) – Elon Musk’s efforts to secure new financing will limit his cash contribution to his $44 billion acquisition of Twitter Inc. (TWTR.N) have been put on hold due to uncertainty surrounding the deal, people familiar with the matter said. Musk has been threatening to back out of the deal unless the social … Read more

Tesla cut from S&P 500 ESG Index and Elon Musk tweets his fury

May 18 (Reuters) – An S&P Dow Jones Indices executive told Reuters on Wednesday that it has removed electric carmaker Tesla Inc. (TSLA.O) of the widely followed S&P 500 ESG Index (.SPXESUP)due to issues including claims of racial profiling and accidents related to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets … Read more