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Musk sued by Twitter investors for stock 'manipulation' during takeover bid

NEW YORK, May 26 (Reuters) - Billionaire Elon Musk was sued by Twitter Inc TWTR.N investors claiming he manipulated the company's stock price downward, as the chief executive of electric carmaker Tesla Inc TSLA.O mounts a $44 billion takeover bid for the social media platform. The investors said Musk saved himself $156 million by failing to disclos
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Global firms warn of sluggish China demand due to lengthy COVID curbs

By Josh Ye and Jane Lanhee Lee May 26 (Reuters) - Two months into harsh COVID-19 lockdowns that have choked global supply chains, China's economy is staggering back to its feet, but businesses from retailers to chipmakers are warning of slow sales as consumers in the country slam the brakes on spending. Car sales in the world's largest auto market
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Wall Street Journal - May 26

May 26 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Apple Inc AAPL.O is boosting pay for workers amid rising inflation, a tight labor market and unionization pushes among hourly store employees. Link - CVS Health Corp CVS.N and Walmart Inc W
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Global automakers face electric shock in China

By Norihiko Shirouzu BEIJING, May 26 (Reuters) - If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock. Kings of the combustion age such as General Motors and Volkswagen are falling behind local players in the booming electric vehicle (EV) market in China, a country that's key to fundi
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In a faceoff with Elon Musk, the SEC blinked

* Judge's remarks in 2019 knocked SEC's confidence court would back them * Core issue - what is "material" information - was left to Musk and Tesla to decide * As some tweets went unvetted, SEC opted to urge Musk to comply, rather than go to court * SEC was also uneasy about risk of starting litigation given Musk's resources By Chris Prentice and M
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