Category: Blog

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock

DOVER, Del. — The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth $5.6 billion as legal fees. The attorneys, who represented Tesla shareholders in the case decided in January, made the request of the Delaware judge in court papers filed Friday. The…

Japan’s Nikkei 225 share benchmark tops 40,000, lifted by technology stocks

HONG KONG — Asian stocks were mostly higher Monday ahead of China’s top annual political gathering, while Japan’s benchmark surpassed the 40,000 level for the first time. U.S. futures fell and oil prices were mixed. Japan’s Nikkei 225 share index rose to 40,314.64 but fell back slightly. It was up 0.5% to 40,150.00 by early afternoon. It followed an advance last week on Wall Street…

South Korean doctors hold massive anti-government rally over medical school recruitment plan

SEOUL, South Korea — Thousands of senior doctors rallied in the South Korean capital, Seoul, on Sunday to express their support for junior doctors who have been on strike for nearly two weeks over a government plan to sharply increase the number of medical school admissions. The rally came as the government said it would begin to take steps Monday to suspend the doctors’ licenses…

Arkhouse and Brigade up Macy’s takeover offer to $6.6 billion following rejection of previous deal

Arkhouse Management and Brigade Capital Management are upping their offer. NEW YORK — Arkhouse Management and Brigade Capital Management are upping their offer to acquire Macy’s in a deal now valued at $6.6 billion. The investment firms announced Sunday that they had submitted an all-cash proposal of $24 for each of the remaining shares in Macy’s they don’t already own — up from a earlier…

Here’s what you can expect from Super Bowl commercials this Sunday

NEW YORK — Big name advertisers will be pulling out all the stops on Super Bowl Sunday — enlisting high-profile actors, investing in dazzling special effects and, they hope, going for laughs as they seek to win over viewers during game breaks. In an increasingly fractured and polarized media environment — and with fewer people watching live TV — the Super Bowl is an anomaly….

How major US stock indexes fared Friday, 2/9/2024

Wall Street closed out its latest winning week with another milestone, the S&P 500’s first close above 5,000 ByThe Associated Press February 9, 2024, 4:20 PM Wall Street closed out its latest winning week with another milestone, the S&P 500’s first close above 5,000. The benchmark index rose 0.6%, marking its 14th winning week in the last 15. The Nasdaq composite rose 1.2%, pulling closer…

Prince Harry settles a case against a UK tabloid publisher that hacked his phone

LONDON — LONDON (AP) — Prince Harry said Friday that his “mission” to rein in the British media continues, after he accepted costs and damages from a tabloid publisher that invaded his privacy with phone hacking and other illegal snooping. Harry’s attorney, David Sherborne, said at a court hearing that Mirror Group Newspapers had agreed to pay all of the prince’s legal costs, plus “substantial”…

Dartmouth men’s basketball team will hold union vote on March 5

BOSTON — The Dartmouth men’s basketball team has scheduled a March 5 election to determine whether the players will unionize – a step that would be unprecedented in American college sports. The National Labor Relations Board said the in-person election will take place on the school’s Hanover, New Hampshire, campus. Although the NCAA has long maintained that the players are “student-athletes” — a term created…

Here’s how to beat the hype and overcome loneliness on Valentine’s Day

NEW YORK — Elise Plessis hasn’t been in a long-term relationship for 26 years. It’s by choice, yet she still suffers FOMO when Valentine’s Day rolls around. “I’m the singleton of the family and the friend group,” said the 53-year-old Plessis, who lives in Manitoba, Canada. “Valentine’s Day makes me feel hopeless, like a loser who can’t find anyone who wants me.” But she won’t…