Elon Musk says he has lined up $46.5 billion in financing for Twitter deal
CNN
Elon Musk on Thursday said he has lined up commitments worth $46.5 billion to finance a Twitter takeover deal, one week after he first made a public offer to buy the social media company.
Musk said he has commitment letters to finance the deal, including two debt commitment letters from Morgan Stanley and other unnamed financial institutions and one equity commitment letter from himself, according to a filing with the Securities and Exchange Commission on Thursday.
President-elect Donald Trump has repeatedly said he intends to block a Japanese firm’s $15 billion takeover bid of US Steel upon taking office, saying the former American giant can eventually stand on its own.
Cargill, the megasized Minnesota-based food production giant, is laying off about 5% of its global workforce as food commodity prices drop.
The Chinese government has slammed America’s introduction of a slew of export controls on US-made semiconductors that Washington fears Beijing could use to make the next generation of weapons and artificial intelligence (AI) systems.
Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected on Monday by a Delaware court, despite being approved by Tesla shareholders at a June meeting.
It’s the comeback story no one asked for — the resurrection of a brand so toxic it remains synonymous with corporate fraud more than two decades after it collapsed in bankruptcy. That’s right, folks: Enron is back. But only kind of.
President-elect Donald Trump’s vowing to protect American-made cars through steep tariffs on imports. The problem is, there is no such thing as an all-American car.
Sex workers in Belgium are now entitled to formal employment contracts, which include sick pay and maternity leave, under a landmark law that went into effect Sunday.
Intel Monday announced CEO Pat Gelsinger has resigned after a difficult three-year stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals.
Stoli Group USA, the owner of the namesake vodka, has filed for bankruptcy as it struggled to contend with slowing demand for spirits slows, a major cyberattack that has snarled its operations and several years of fighting Russia in court.
During his second term, President-elect Donald Trump may try to fulfill the longstanding Republican goal of privatizing Fannie Mae and Freddie Mac, the mortgage giants at the center of buying a home in America.
While there’s a lot we don’t know about President-elect Donald Trump’s tariff plans, at least one thing is pretty certain: Tariffs will go up. If history is any indication, that means price increases will likely follow.