Business magnate Elon Musk.

Tesla board reportedly concerned about Elon Musk’s use of Ambien

Telsa board members are concerned about Elon Musk’s use of Ambien and recreational drugs, according to an explosive interview with The New York Times published late Thursday. Musk said in the interview he now needs Ambien to sleep, but board members are concerned that the drug isn’t having the intended effect for Musk, the New […]

SEC has reportedly served Tesla with a subpoena after Elon Musk's take-private tweet

SEC has reportedly served Tesla with a subpoena after Elon Musk’s take-private tweet

The Securities and Exchange Commisison has served Tesla with a subpoena after CEO Elon Musk tweeted that he was considering taking the company private and that he had the necessary funding lined up, according to reports from The New York Times and other outlets published Wednesday. Earlier reports said the SEChad intensified scrutiny of the […]

Facebook CEO and founder Mark Zuckerberg testifies during a US House Committee on Energy and Commerce hearing about Facebook on Capitol Hill in Washington, DC, April 11, 2018.

Facebook exec reportedly tells publishers it would let them die

Saul Loeb | AFP | Getty Images Facebook CEO and founder Mark Zuckerberg testifies during a US House Committee on Energy and Commerce hearing about Facebook on Capitol Hill in Washington, DC, April 11, 2018. A Facebook executive told a group of publishers that Mark Zuckerberg “doesn’t care” about news publishers and that the company […]

The convoy carrying a turbine produced by General Electric.

GE reportedly may sell power-conversion unit for half of 2011 price

General Electric is working with Credit Suisse bankers in preparation for a $1.5 billion sale of its power-conversion unit, Bloomberg News reported Friday. The embattled conglomerate paid $3.2 billion for the unit in 2011, according to the report. The power-conversion unit, formerly known as Converteam, may be ready to be put up for sale in […]