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SEC sues Elon Musk over late disclosure of Twitter stake

STORY: Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission. The SEC accused the world’s richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he later bought and renamed X. An SEC rule requires investors to disclose within […]

Technology

Disney makes antitrust problem go away by buying majority stake in Fubo

Fubo’s about-face Fubo’s merger with Disney represents a shocking about-face for the sports-streaming provider, which previously had raised alarms (citing Citi research) about Disney’s ownership of 54 percent of the US sports rights market—ESPN (26.8 percent), Fox (17.3 percent), and WBD (9.9 percent). Fubo successfully got a preliminary injunction against Venu in August, and a […]

Sports

UEFA Nations League: What’s at stake, 2026 World Cup impact

The new-look UEFA Nations League (UNL) group stage is coming to a close, with much more at stake than you might think. In fact, you might say you need a degree in football administration to fully understand the machinations. For the original editions, the Nations League was mostly about qualifying for the finals, plus promotion […]

Business & Finance

Tom Gores buys LA Chargers stake for $750 million

Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty Images Private equity billionaire Tom Gores has agreed to pay $750 million to buy 27% of the National Football League’s Los Angeles Chargers at […]

World News

Pivotal moment for Georgians with future in Europe at stake

Georgian Dream party Billionaire Bidzina Ivanishvili, right, is the founder of the governing Georgian Dream party. He is promising to outlaw Georgia’s largest opposition party “Choose peace not war” is the main message from Georgian Dream, the party that has been in power in Georgia for the past 12 years. Russia’s war in Ukraine is […]