Elon Musk and Tesla sued over ‘fraudulent scheme’ to go private

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Lawsuits say funding secured tweet broke securities laws and aimed to punish short-sellers Tesla and Elon Musk were sued twice on Friday by investors who say they fraudulently engineered a scheme to squeeze short-sellers, including through Musks proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors […]

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IBM shares dropped like a rock today

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How do you solve a problem like IBM? Yesterday evening the company reported its 20th straight consecutive quarter of year-on-year losses. The companys quarterly earnings beat expectations, but that wasnt enough to save the share price. As a result, shares plummeted in after-hours trading and refused to gain ground over the course of the day, […]

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