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Courted and then jilted by the world's richest person, Twitter looks well positioned to win a court battle with Elon Musk over a $1 billion breakup fee and more -- but the company will not emerge unscathed.
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Relief, disappointment as Musk abandons Twitter deal
Twitter Inc has a strong legal case against Elon Musk walking away from his $44 billion deal to acquire the U.S.
Twitter Inc employees expressed disbelief and exhaustion on Friday after billionaire entrepreneur Elon Musk said he was terminating a deal to buy the social media company in what could be the start of months of legal wrangling.
With a miserable first half for the stock market now in the history books, investors are assessing whether the U.S.
Elon Musk on Friday pulled the plug on his $44 billion deal to buy Twitter, and Twitter board chair Bret Taylor vowed to sue Musk to hold him to the terms of the buyout deal, saying "we are confident we will prevail."
Elon Musk, the chief executive officer of Tesla and the world's richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement.
Spain labour minister launches new political movement
The National Highway Traffic Safety Administration (NHTSA) said on Friday it will open a special investigation into a Florida crash on Wednesday that killed a 66-year-old Tesla driver and a 67-year-old passenger.
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Startup companies are struggling to get the funding necessary to get off the ground amid uncertain economic circumstances.
A better-than-expected U.S. jobs report eased some worries about an imminent recession but also bolstered the case for the Federal Reserve to continue aggressively hiking rates, threatening more turbulence for asset prices this year.
The U.S. Transportation Department on Friday https://www.transportation.gov/individuals/aviation-consumer-protection/family-seating/June-2022-notice warned airlines it may issue regulations prohibiting them from charging extra fees to allow young children to sit next to accompanying family members.
Ford Motor Co said on Friday it is issuing a new recall for 100,000 U.S. hybrid vehicles over fire risks, and expanding an earlier recall after a series of reported fires.
Ford Motor Co said Friday it issuing a new recall for 100,000 U.S. vehicles over fire risks, and expanding an earlier recall after a series of reported fires.
Europe's Airbus posted flat first-half deliveries on Friday as it struggles to convert rising production plans into handovers to airlines amid tight global supply chains.
A U.S. appeals court on Friday said Exxon Mobil Corp and Royal Dutch Shell Plc affiliates may try to enforce part of a $1.8 billion arbitration award against Nigeria's state-run oil company, in a dispute concerning oil extraction near the African country's coastline.
Item A on next British PM's agenda: inflation crisis
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Volvo Cars said on Friday it will leave the European Automobile Manufacturers Association (ACEA) by the end of 2022, citing differences between its zero-emission strategy and that of Europe's car lobby group.
Another blowout jobs number and continued wage growth will likely stiffen resolve at the Federal Reserve for another three-quarter point rate increase at the central bank's July meeting, as the welcome news of a still strong job market clashes with concern that it will have to cool ease inflation.
Hiring remained hot in June in a cooling US economy, helping keep the unemployment rate steady at multi-year lows.
The layoffs account for 30% of the acquisition team at Twitter.
US sees big job gains in June, fueling inflation worries
