Business

The US markets watchdog has filed a lawsuit against Elon Musk alleging he failed to disclose that he had amassed a stake in Twitter, allowing him to buy shares at “artificially low prices.” The Securities and Exchange Commission (SEC) lawsuit alleges that the multi-billionaire Tesla boss saved $150m (£123m) in share purchases as a result. According to…

TikTok will appear before the US Supreme Court on Friday in a last-ditch effort to overturn a ban, in a case testing the limits of national security and free speech. The popular social media platform is challenging a law passed last year ordering the firm to be split from its Chinese owner or be blocked…

At the time, he was selling special programming to hotels through his Teleguide service, while cable television was taking off in rural areas. In 1964 Dolan made a deal with New York to wire some Manhattan buildings with cable and a few years later, hoping to attract viewers, he made a deal to show the…

Sipping a glass of local wine is likely not what springs to mind when visiting Scandinavia, but this colder, northerly region is emerging as a new wine frontier. Hundreds of commercial vineyards are now dotted across Denmark, Sweden, and even Norway, as a first generation of professional winemakers transform what was once a niche hobby into a…

Donald Trump stood on Wall Street on Thursday, a euphoric crowd of America’s business elite assembled before him, and hammered the bell to kick off morning stock market trading. The mood was celebratory. Not only had the president-elect just been named Time person of the year, but the stock market, already up strongly, has surged to…

Shares in US chocolate maker Hershey have jumped by more than 10% after a report that Mondelez International, which owns UK-based Cadbury, has approached the firm about a potential buyout. A deal could create a snack food giant with combined sales of almost $50bn (£39.2bn) a year. Both Mondelez and Hershey declined to comment on…

A Boeing plea deal intended to resolve a case related to two fatal crashes of its planes has been rejected by a US judge. The plane maker agreed with the US government in July to plead guilty to one count of criminal fraud, face independent monitoring, and pay a $243m (£191m) fine. However, Judge Reed…

Luxury car maker Jaguar has unveiled its new electric concept car, less than a fortnight after the release of a teaser video that stirred online controversy. The unveiling of the Type 00 car triggered mixed responses from social media users, with some cheering its design, while others mocked the launch. Last month, many critics pointed…

Boeing, Nike and Starbucks have all changed their chief executives in recent months. But just how important is the person in the top job for the successful running of such huge companies? “There’s only one cat who’s on the hot seat,” says Alan Lafley, who was CEO of global consumer goods giant Procter & Gamble…