Corporate stock

May 28, 2020 - 6:41 pm
DETROIT (AP) — Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company meeting several financial metrics. The electric car and solar panel maker’s board certified that Musk earned the big payout...
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A pedestrian browses the display window at The Loop fashion and shoe store as businesses slowly begin to reopen after social distancing restrictions shuttered storefronts nationwide, Tuesday, May 26, 2020, in Yonkers, N.Y. (AP Photo/John Minchillo)
May 26, 2020 - 4:36 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to national and global response, the work place and the spread of the virus. ________________________ GREEN SHOOTS: States are in varying degrees of reopening...
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FILE - In this Monday, April 27, 2020. file photo, Volkswagen CEO Herbert Diess wears a face mask as he attends the restart of the production at the VW headquarters plant in Wolfsburg, Germany. Volkswagen is gradually launch the production at important plants after the corona lockdown. (Swen Pfoertner/dpa via AP)
May 20, 2020 - 6:37 am
FRANKFURT, Germany (AP) — Volkswagen said charges of securities-law violations against its CEO and board chairman are to be dropped in return for a 9 million-euro ($10 million) payment, removing a potential distraction for the company's management team as it copes with the virus crisis and oversees...
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FILE - This Oct. 14, 2017 file photo shows an aerial view shows the devastation of the Coffey Park neighborhood after the Tubbs swept through in Santa Rosa, Calif. Pacific Gas & Electric says its plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility's fraying electrical grid. The victims backed PG&E's blueprint despite concerns that they will be shortchanged by a $13.5 billion fund that's supposed to cover their losses. The preliminary results of a vote announced Monday, May 18, 2020, keep PG&E on track for meeting a June 30 deadline to get out of bankruptcy so it can qualify for coverage from a California wildfire insurance fund that was created to help protect the utility from getting into financial trouble again. (AP Photo/Marcio Jose Sanchez, File)
May 18, 2020 - 4:55 pm
BERKELEY, Calif. (AP) — Pacific Gas & Electric's plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires ignited by the utility's fraying electrical grid, despite concerns that they will be shortchanged by a $13.5 billion fund...
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FILE - In this Nov. 21, 2019, file photo, Tesla CEO Elon Musk introduces the Cybertruck at Tesla's design studio in Hawthorne, Calif. Tesla CEO Elon Musk appears to have hit all the milestones necessary to receive a stock award currently worth about $730 million to pad the eccentric billionaire's already vast fortune. The electric car maker ended Wednesday, May 6, 2020, with an average market value of $100.4 billion for the past six months, according to data drawn from FactSet Research. (AP Photo/Ringo H.W. Chiu, File)
May 06, 2020 - 7:26 pm
BERKELEY, Calif. (AP) — Tesla CEO Elon Musk appears to have hit all the milestones he needed to receive a stock award now worth about $730 million, a payday that will further pad the eccentric billionaire’s vast fortune. The electric car maker ended Wednesday with an average market value of $100.4...
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FILE - This Aug. 11, 2019, file photo shows a Visa logo on a credit card in New Orleans. Visa said Thursday, April 30, 2020, that its fiscal second-quarter profits increased 3.6% from a year earlier, helped by growth in payments being processed over the company's namesake network. (AP Photo/Jenny Kane, File)
April 30, 2020 - 6:14 pm
Visa said Thursday that its fiscal second-quarter profits increased 3.6% from a year earlier, helped by growth in payments being processed over the company's namesake network. The San Francisco-based company reported net income of $3.08 billion, or $1.38 per share, in the three months ended March...
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FILE - In this Sept. 18, 2019, file photo a screen shows the price of Twitter stock at the New York Stock Exchange. Twitter posted a loss in the first quarter as the social media company’s higher expenses outweighed revenue growth. The San Francisco company reported Thursday, April 30, 2020, that average daily users grew 24% year over year, the highest ever growth rate in the company’s history.(AP Photo/Mark Lennihan, File)
April 30, 2020 - 3:05 pm
OAKLAND, Calif. (AP) — Twitter's stock tumbled Thursday after the company failed to show that it's weathering the pandemic-borne digital advertising slump the same way its bigger rivals Facebook and Google are. The San Francisco-based social company's higher expenses outweighed its revenue growth...
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FILE - In this Monday, June 24, 2019, file photo, a CSX freight train rolls past downtown Pittsburgh. CSX Corp. said Wednesday, April 22, 2020, its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. (AP Photo/Gene J. Puskar, File)
April 22, 2020 - 6:52 pm
OMAHA, Neb. (AP) — CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. The Jacksonville, Florida- based company said it earned $770 million, or $1 per...
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April 10, 2020 - 4:46 am
PARIS (AP) — Renault says it is seeking billions in state-backed loans, cancelling its dividend for 2019 and its chairman is taking a pay cut, as the French automaker tries to weather the coronavirus crisis. Jean-Dominique Senard’s pay will be cut by 25% for the second quarter of 2020. But...
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FILE - In this Feb. 22, 2018, file photo Airbnb co-founder and CEO Brian Chesky speaks during an event in San Francisco. Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Airbnb, which just weeks ago was planning for a bombshell initial public offering, is reportedly shedding millions of dollars and facing harsh blowback from hosts who relied on its platform for income. (AP Photo/Eric Risberg, File)
April 09, 2020 - 1:08 pm
Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Since the beginning of March, for instance, Uber shares have lost a quarter of their value. Rival Lyft is down 28 percent. Over the same...
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