Tuesday, December 3, 2024

Wall Street Journal, Dec 3,

December 3, 2024

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy.

A Delaware judge ruled Monday that Tesla CEO Elon Mots is not entitled to a $56 billion package of compensation despite the fact that shareholders of the electric car company voted to reinstate it in July.

Intel CEO Pat Gelsinger was forced to resign less than four months after taking over the company. He has handed control of the company to two lieutenants, as the faltering American icon in chipmaking searches for a permanent successor.

Paloma Partners, a hedge fund, has decided to pay investors who have fled by issuing them IOUs in the majority of cases and partially with cash.

General Motors announced on Monday that it would sell its share in the joint venture battery factory in Lansing Michigan to LG Energy Solution, as Detroit's automaker reduces its plans for electric vehicles.

Sanofi will invest approximately 1 billion euros in Beijing to build a new production base for insulin. This investment will be the largest Sanofi has made in China. ($1 = 0.9531 euro) (Compiled from Bengaluru Newsroom)

(source: Reuters)

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