Wednesday, 16 April 2025

Focus on Finance

Tesla has urged shareholders to vote in favor of CEO Elon Musk's huge pay plan after a Delaware judge struck it down (GETTY IMAGES NORTH AMERICA)
BusinessEconomyElectric Vehicles (EVs)FinanceIndustryManufacturingNewsTransport

Tesla turns up charm ahead of investor vote on huge Musk pay plan

Tesla has called the vote on CEO Elon Musk's giant pay package a do-or-die moment for the company.

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo
BusinessFinanceNewsOil

Oil prices extend rally on potential U.S. crude purchase for reserve

Investors are waiting to see how changing oil prices could hit demand

Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk attends the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023.    Leon Neal/Pool via REUTERS
BusinessEconomyElectric Vehicles (EVs)FinanceNews

California pension fund against Tesla CEO Musk’s $56B pay package: CNBC report

California State Teachers Retirement System (CalSTRS) will vote against Tesla CEO Elon Musk's $56 billion pay package, the pension fund's chief investment officer...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo/File Photo
AutomotiveBusinessCourtsElectric Vehicles (EVs)FinanceNewsPoliticsTransport

Tesla turns to Musk’s small shareholder fans to back $56bn payday

Tesla is looking for support from retail investors who make up an unusually high percentage of the electric carmaker's ownership base.

Aramco's secondary share offering offers a short-term boost to Saudi Arabia's finances as the Gulf kingdom pursues mega-projects (AFP)
BusinessFinanceFuelNewsOil

Saudi Aramco says foreigners grab ‘majority’ of share offering

Oil giant Saudi Aramco said Sunday international investors snatched up bulk of shares in its latest offering, which was set to raise $11.2bn

FILE PHOTO: An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
BusinessFinanceFuelLiquefied Petroleum GasNewsOil

Over half of Aramco share sale allocated to foreign investors – sources

Saudi Arabia placed over half of an $11.2bn share sale in Aramco with foreign investors, sources said Saturday

Elon Musk in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Norway wealth fund to vote against Musk’s $56 billion Tesla pay package

Norway's $1.7tn sovereign wealth fund said Saturday it will vote against ratifying Tesla CEO Elon Musk's $56bn pay package

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo
BusinessFinanceFuelLiquefied Petroleum GasNewsOil

Berkshire buys additional 2.57 million shares in Occidental Petroleum

Warren Buffett's Berkshire Hathaway bought around 2.57m shares of common stock in Occidental Petroleum over June 5-7, according to US filing

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File photo
BusinessConstructionFinanceIndustryLabourManufacturingNews

Nippon Steel executive saw positive reaction from U.S. Steel workers

Nippon Steel VC Takahiro Mori met with US Steel's employees and community leaders to discuss its proposed acquisition of the US company

Elon Musk, Chief Executive Officer of SpaceX and Tesla, walks after attending the opening of the 10th World Water Forum in Nusa Dua, Bali, Indonesia, May 20, 2024. REUTERS/Johannes P. Christo
BusinessCourtsElectric Vehicles (EVs)FinanceNews

Tesla objects to $5.6 billion payout for lawyers who voided Musk’s pay

Tesla said the legal team for Richard Tornetta, the shareholder whose lawsuit led to a January ruling voiding CEO Elon Musk's $56 billion...

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