Business & Economy
Associated Press/Photo by Chris Carlson (file)

SEC wants Musk out at Tesla

by Rachel Lynn Aldrich
Posted 9/28/18, 11:34 am

Tesla stocks slid on Friday after government securities regulators asked on Thursday for the removal of Elon Musk as CEO of the electric car company. The Securities and Exchange Commission asked the U.S. District Court in Manhattan to bar Musk from serving as an officer or director of a public company. The complaint says that Musk’s claim on Twitter in August that funding was secured for Tesla Inc. to go private at $420 a share was false and amounted to securities fraud. Musk and the company’s board later said they decided not to go private after all.

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Associated Press/Photo by Marcio Jose Sanchez

iPhones getting bigger, pricier

by Kiley Crossland
Posted 9/12/18, 03:35 pm

Apple showcased three new iPhones Wednesday, including the new iPhone XS Max, with the largest phone display the tech company has ever manufactured. The Max has an 6.5-inch edge-to-edge screen and will sell for $1,100, $100 more than last year’s iPhone X. The iPhone XS, an update to last year’s model, will stay at $1,000, and a new iPhone XR, made with cheaper materials in an effort to reach customers who don’t want to pay the higher price tag, will sell for about $750. The XS models come out Sept. 21, while the XR is due out on Oct. 26.

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Associated Press/Photo by Chris Pizzello (file)

NBA cuts deal to share data with casino giant MGM Resorts

by Les Sillars
Posted 8/01/18, 12:11 pm

The NBA and WNBA will now share official data with MGM Resorts International, officials announced Tuesday, becoming the first major U.S. professional sports leagues to cut a deal with a casino. The agreement positions the leagues to cash in on the anticipated growth of sports betting across the country, but also crosses the decades-old line between pro sports and the gambling industry.

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