Elon Musk, the chief executive of Tesla, sold about $1.1 billion worth of Tesla shares on Wednesday to cover his tax obligations after exercising options on a much larger tranche of stock. Mr. Musk sold 934,091 shares on Wednesday, according to filings with the Securities and Exchange Commission. Tesla’s stock closed trading on Wednesday at […]
“It is not just about the mom …” Meghan, the Duchess of Sussex, said it was time for America to guarantee paid family leave for all workers. She said she had been calling members of Congress to press the issue, which may be part of President Biden’s sweeping climate and social policy spending bill. “It […]
It was the quintessential American company, a corporate behemoth whose ambition matched the country’s. Formed in 1892, General Electric reached into nearly every home over the next century. It sold light bulbs, televisions and washing machines. Its jet engines opened up long-distance travel, its generators lit houses, and its medical equipment helped diagnose patients. Now […]
ImageA General Electric jet-engine factory in Lafayette, Ind., in 2017. By Michael J. de la Merced General Electric announced on Tuesday that it planned to break itself into three publicly traded businesses, the latest effort by the 129-year-old industrial conglomerate to simplify its business and lift its stagnant stock price. The company said it would […]
WASHINGTON — The Biden administration on Monday argued that the federal government had all the power it needed to require large employers to mandate vaccination of their workers against the Covid-19 virus — or to require those who refuse the shots to wear masks and submit to weekly testing. In a 28-page filing before the […]
Climate negotiators try to solve a math problem at COP26. As the U.N. climate summit enters its second week, government officials are trying to find new ways to achieve emissions cuts, The Wall Street Journal reports. The problem: Commitments made during COP26 so far don’t come close to helping avoid the worst effects of global […]
Mr. Shakir said More Perfect Union has shied away from coverage of the new organizing among tech workers and journalists. “Reporters love to report on other reporters, so there is not going to be a lack of coverage of organizing in the media industry,” he said, “but we can fill in in other areas. We’re […]
What’s Up? (Oct. 31-Nov. 6) A First Step in Tapering The Federal Reserve announced plans on Wednesday to slow its bond-buying program, a stimulus measure it introduced early in the pandemic. The central bank will reduce its monthly purchases of $120 billion in Treasury bonds and mortgage-backed securities by $15 billion a month, starting this […]
Berkshire Hathaway, the conglomerate run by the billionaire investor Warren E. Buffett, on Saturday reported a sharp decrease in earnings in the third quarter, reflecting the turbulent financial markets as well as a slowdown in the U.S. economic recovery with a spike in Covid-19 cases. Profits fell by a third to $10 billion, down from […]
By any normal standard, this should have been the end of the case. After all, what was left to litigate? But it wasn’t the end — not even close. In 2018, after Judge Kaplan’s judgment had finally been affirmed, the company brought another case against Mr. Donziger. Among other things, it wanted him to turn […]
