PRESS DIGEST- Wall Street Journal - Aug 16
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
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PRESS DIGEST-New York Times business news - Aug 16
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
UPDATE 5-SEC scrutiny of Tesla grows as Goldman hints at adviser role
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources.
U.S. SEC subpoenas Tesla over Musk's tweets -Fox News
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding its privatization plans and Chief Executive Officer Elon Musk's statement "funding secured", Fox News tweeted https://twitter.com/CGasparino/status/1029740099339268096 on Wednesday, citing sources.
CORRECTED-UPDATE 8-Musk bid for Tesla: no formal offer, no firm deals with advisers (Aug. 14)
Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.
PRESS DIGEST- New York Times business news - Aug 15
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
UPDATE 6-Midwest battleground states tap candidates for midterm elections
Voters chose nominees on Tuesday in the key battleground states of Wisconsin and Minnesota, setting up what are expected to be tight races as November's congressional elections draw near.
Ford to invest $740 mln in Detroit train station, city development project
Ford Motor Co disclosed Tuesday it will spend $740 million on a project to revamp Michigan Central Station, Detroit’s historic but dilapidated former rail station, as well as other neighborhood sites.
UPDATE 1-Major Tesla shareholders trimmed stakes last quarter -filings
Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private earlier this month.
UPDATE 1-Berkshire boosts Goldman, Teva stakes; buys more Apple
Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc.