Elon Musk is not entitled to landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. The ruling by Chancellor Kathaleen St. Jude McCormick comes more than five years after a shareholder lawsuit targeted Tesla CEO Musk and… Read More

Movie theaters and audiences settled for seconds this weekend. With no new wide releases on the schedule, a mob of holdovers sustained the North American box office, which was led by “ The Beekeeper ” in its third week of release. Amazon MGM Studios’ Jason Statham actioner earned $7.4 million… Read More

JetBlue Airways warned that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend after a federal judge blocked the deal, sending Spirit shares sharply lower Friday. Spirit shot back that finds no reason to terminate the deal and will continue to meet its… Read More

Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise. The announcement Thursday comes as it moves to comply with upcoming European regulations aimed at giving consumers the choice to use alternative app stores. [Warning] U.S. law… Read More

Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. CEO Jamie Iannone said in… Read More

WWE’s weekly television show “Raw” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. TKO Group Holdings Inc., which houses WWE and UFC, said in a regulatory filing on Tuesday that the agreement is for 10 years, with Netflix having an… Read More

A Kansas couple has been charged with fraudulently collecting more than $215,000 in retirement benefits on behalf of a dead relative while they concealed his body inside their home for six years. Authorities say Mike Carroll’s pacemaker showed that he died in 2016 at age 81, but Overland Park police… Read More

Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. Arkhouse and Brigade offered $21 per share for the stock they don’t already own. Sponsored: Simple Tip Relieves Years of Joint Pain and Arthritis Last… Read More