By Noel Randewich (Reuters) - With Tesla's strong quarterly report on Wednesday, Chief Executive Elon Musk has scored a hat trick of performance goals worth a combined $23 billion in new compensation. The world's most valuable carmaker posted March quarter revenue and profit that surged past Wall Street estimates as it raised prices in response to inflation, offsetting the … [Read more...] about Elon Musk scores hat trick of Tesla compensation goals worth $23 billion
Mexico’s America Movil to increase share buyback fund by 26 billion pesos
MEXICO CITY (Reuters) - Mexican telecoms giant America Movil said on Wednesday its shareholders approved a 26 billion peso ($1.3 billion) increase to its share buyback program fund. The company, controlled by the family of billionaire Carlos Slim, said in a statement the fund's balance for the period of April 2022 to April 2023 would be 36.6 billion pesos. Shareholders … [Read more...] about Mexico’s America Movil to increase share buyback fund by 26 billion pesos
Ackman gives up on Netflix, taking $400 million loss as shares tumble
By Svea Herbst-Bayliss (Reuters) - Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming service's stock plunged following news that it lost subscribers for the first time in a decade. Ackman's hedge fund Pershing Square Capital Management made an abrupt U-turn, selling the 3.1 … [Read more...] about Ackman gives up on Netflix, taking $400 million loss as shares tumble
Ackman gives up on Netflix, taking $400 million loss as shares tumble
By Svea Herbst-Bayliss (Reuters) -Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix on Wednesday, locking in a loss of more than $400 million as the streaming service's stock plunged following news that it lost subscribers for the first time in a decade. Ackman's hedge fund Pershing Square Capital Management made an abrupt U-turn, selling the 3.1 … [Read more...] about Ackman gives up on Netflix, taking $400 million loss as shares tumble
Activision beats shareholder class action over sex bias claims, for now
By Daniel Wiessner (Reuters) - Activision Blizzard Inc has won the dismissal of a lawsuit in California accusing the video game maker of misleading investors by downplaying the severity of alleged sexual harassment and discrimination against female employees. Los Angeles-based U.S. District Judge Percy Anderson, in a decision released on Tuesday, found that a group of … [Read more...] about Activision beats shareholder class action over sex bias claims, for now
