Search Results for:Jonathan Stempel

US regulators sue Musk for fraud, seek removal from Tesla

Musk is one of the highest-profile tech executives to be accused of fraud by the Securities and Exchange Commission. Losing its public face and guiding force would be a big blow for money-losing Tesla, which has a market value of more than $50 billion, chiefly because of investors’ belief in Musk’s leadership.


Credit Suisse to pay $77m to settle Asia hiring corruption probes

Credit Suisse was accused of violating the Foreign Corrupt Practices Act by hiring and promoting dozens of people connected with Asian government officials from 2007 to 2013, as a quid pro quo to win banking business.


Berkshire promotes potential Buffett successors Jain and Abel

Abel, 55, the chief executive of Berkshire Hathaway Energy, was named Berkshire’s vice chairman for non-insurance business operations, while Jain, 66, Berkshire’s top insurance executive, was named vice chairman for insurance operations.


Buffett’s Berkshire Hathaway HomeServices, Chinese property website Juwai.com team up

The Chinese surpassed Canadians as the largest foreign purchasers of U.S. residential property in 2013.