Lawyers for Tesla chief Elon Musk on Monday argued that US regulators overstepped their bounds by calling for him to be held in contempt for a tweet.
Here is a look back at some of the trials and tribulations of the world’s most popular virtual currency
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/ 2 December 2011
Citigroup faces a day of reckoning in court over its selling of financial instruments in the run-up to the subprime mortgage crisis.
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/ 6 December 2010
When your high-profile divorce hits the media, it may hurt your company. Here’s why.
A United States Senate investigative panel has released several emails that could prove embarrassing to Goldman Sachs.
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/ 28 January 2009
State and industry regulators were put on the defensive on Tuesday at a Senate hearing over their failure to uncover Bernard Madoff’s fraud scheme.
Billionaire investor Carl Icahn is considering mounting a proxy campaign to replace Yahoo! board members after the company failed to reach a deal to merge with Microsoft. The veteran investor has built up a stake in Yahoo! in the last week and would run a slate in an effort to force the company back to the negotiating table.
The head of the crisis-hit investment bank Bear Stearns has blamed short sellers and market manipulators for spreading negative financial rumours to induce a collapse of the 85-year-old Wall Street institution. Bear’s chief executive, Alan Schwartz, told the senate’s finance committee in Washington that his firm had been as well-capitalised as its rivals.
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/ 30 January 2008
Fresh write-offs at big European and Japanese banks on Wednesday drove investors’ attention firmly back onto the credit crunch after days gazing at Société Générale’s stunning losses, which it blames on a junior trader. With the Federal Reserve expected to cut interest rates for the second week running, Swiss bank UBS illuminated the depth of the crisis.
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/ 18 September 2007
Aduke Komolafe, a 58-year-old Nigerian civil servant, put an end to her life by swallowing rat poison, mortified at the loss of her savings to a phoney investment fund. Lured by the promise of 100% returns in two weeks, the mother of five put 1,3-million naira ($10 000) into Pennywise, one of dozens of self-styled "wonder" investment firms.