Elon Musk wasted no time putting his stamp on his new social media company this week, moving in everything including the kitchen sink and firing top executives at Twitter. Thursday was Twitter’s last day as a publicly traded company; on Friday, Twitter’s stock went dark. As the $44 billion transaction closed Thursday, Musk fired Chief…

When a company hits Wall Street by initial public offering (IPO), it is usually seen as a sign of strength. But sometimes, firms go the opposite direction by taking the company private again. SpaceX and Tesla CEO Elon Musk plans to take Twitter private as part of his $44 billion acquisition of the company. Musk…

The House committee investigating the Jan. 6 Capitol riots has subpoenaed former President Donald Trump; European and world leaders sounded off on Russia’s threat of World War III; and Elon Musk is under investigation over his acquisition of Twitter. Those stories highlight the Daily Rundown for Friday, Oct. 14, 2022. Jan. 6 committee subpoenas Trump…

Billionaire Elon Musk took to Twitter to offer a peace plan to end the seven-month Russian-led war in Ukraine, an idea that’s sparking outrage on social media and receiving praise from Russian state media. On Monday, Musk tweeted a four-point plan to end the war, which would see Crimea ceded to Russia, assured water supply…

What remains of Hurricane Ian is slowly making its way up the East Coast. Hundreds of thousands of people are still without power in Florida, but help is coming by land, sea and space. Ian could be the most expensive storm in Florida’s history. Early damage estimates were in the $30 to $40 billion range,…

When activist investors take a major stake in a company, the intent is to shake things up. Usually through specialized hedge funds, they flex their shareholder position to advocate for everything from firing CEOs to changing the focus of the business. Here are companies in the throes of activist investors in this week’s Five for…

Elon Musk’s SpaceX has been pushing for more than a year to get the OK from the Federal Communications Commission to provide mobile Starlink internet service to boats, planes and automobiles. The company got its wish this week when the FCC authorized the use of the technology on moving vehicles. SpaceX first asked the FCC…

A movement to shrink the average work week from five days to four has been growing in popularity across the Western world. The U.K. just launched the world’s biggest test yet of the four-day work week to evaluate whether such a move is viable. The six-month pilot program, which started Monday, spans 70 companies — from…

Elon Musk will buy Twitter in a cash deal valued at $44 billion, the social media company announced Monday afternoon. Twitter shareholders will be paid $54.20 per share when the transaction closes, which represents Musk’s “best and final offer” made less than two weeks ago. “Twitter needs to be transformed as a private company,” Musk…

SpaceX launched its first private charter flight to the International Space Station on Friday. The four-man team blasted off on Friday for more than a week’s stay as NASA joins Russia in hosting guests at the world’s most expensive tourist destination. If all goes as planned, the three rich businessmen and their escort, retired NASA…