BUSINESS

Elon Musk was sued on Tuesday by former Twitter Inc shareholders who claim they missed out on the recent run-up in its stock price because he waited too long to disclose a 9.2% stake in the social media company.

Former Raiffeisen Switzerland Chief Executive Pierin Vincenz was jailed for nearly four years on Wednesday at the end of a fraud trial which exposed his huge strip club bills and misuse of company expenses.

Swiss judges found former Raiffeisen Switzerland Chief Executive Pierin Vincenz guilty of fraud on Wednesday, sentencing him to nearly four years in jail at the end of a trial which focused on his huge strip club bills and use of company expenses.

Phillips 66 on Tuesday said Mark Lashier, its chief operating officer, will take over the fourth largest U.S. oil refiner from Chief Executive Greg Garland on July 1.

Fears rise in Ukraine of use of chemical weapons

The law firm that defended Martin Shkreli against antitrust charges said it has not been paid, and on Tuesday asked a U.S.

Star stock picker Cathie Wood of Ark Invest remained bullish on top holding Tesla Inc on Tuesday despite growing fears of a U.S.

CNN is contemplating serious cuts to its streaming service CNN+ after a much weaker than expected performance since its initial launch.

Major U.S. airlines are enjoying the strongest travel demand in three years, yet investors will focus on how they are mitigating mounting inflationary pressures when they report quarterly earnings starting on Wednesday.

Lululemon moves closer to its goal of becoming 100% sustainable by 2030 by launching its "Like New" program nationwide where customers can resell or trade-in clothes.

Boeing cuts its order book following Ukraine invasion

Ukrainian refugees fleeing war have been hospitably received around Europe, but the longer they stay the more their presence may exacerbate housing price pressures in host nations like Germany, Poland and the Czech Republic.

U.S. central bankers are split on whether high inflation will be a recurring problem in the future requiring repeated rate hikes, comments from two officials showed on Tuesday, a stark contrast to their broad consensus on the current policy path.

The Federal Reserve will conduct a series of interest rate hikes and begin reducing its massive bond holdings as soon as June to help bring down inflation that hit a fresh 40-year-high in March, Fed Governor Lael Brainard said on Tuesday.

Federal Reserve Governor Lael Brainard on Tuesday said the U.S.

Pressure mounts on Berlin as Kyiv snubs German president

Johnny Depp became 'monster' on drugs and alcohol, court hears

Apple chief Cook takes App Store battle to Washington

Robust demand for Louis Vuitton and Dior products boosted first-quarter sales at the world's largest luxury goods conglomerate LVMH, kicking off earnings season for the industry with a show of resilience despite geopolitical tensions, COVID-19 lockdowns in China and volatile stock markets.

Boeing Co on Tuesday moved orders for 141 of its airplanes into accounting limbo due to the war in Ukraine and international sanctions against Russia, meaning it no longer expects the jets to be delivered.

Lucid has already started deliveries of its new Air Grand Touring EV, while the Ground Touring Performance will begin production later this spring.

Bloody, uncertain struggle awaited for supremacy in east Ukraine

Last hostages free after long-running DR Congo mediation drama

Manhunt after 10 shot in Brooklyn subway attack

UK's Johnson, Sunak fined over illegal lockdown-busting parties

Space balloon company offers first look at luxury cabins

China lifted a nine-month freeze on gaming licences after companies, including industry leader Tencent, made major adjustments to their business practices and due to the ban's economic fallout, industry sources and analysts said.

Cyprus Orthodox Church head says 'no excuse' for Ukraine war

A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West's energy watchdog reflected concern about U.S.