Category Archives: CNN – Business

UK court says beer baron Vijay Mallya should be extradited to India

UK court says beer baron Vijay Mallya should be extradited to India

Business tycoon Vijay Mallya should be extradited from the United Kingdom to India to face fraud charges, a London court ruled Monday. The decision was confirmed by R. K. Gaur, a spokesperson for India’s Central Bureau of Investigation. The extradition must also be approved by the UK Secretary of State. Mallya, who was once known…MORE

Investors with $32 trillion at stake sound the alarm on climate change

Investors with $32 trillion at stake sound the alarm on climate change

Investors managing assets worth $32 trillion have called on governments and businesses to step up efforts to tackle climate change. A group of 415 investors warned Monday of an “ambition gap” between steps governments have promised to take, and the actions needed to meet goals set out in the Paris climate agreement. The statement from…MORE

Carlos Ghosn and Nissan have been indicted in Japan

Carlos Ghosn and Nissan have been indicted in Japan

Carlos Ghosn and Nissan, the Japanese automaker he saved from collapse, were indicted Monday on allegations of financial misconduct, deepening a crisis that already brought down one of the global car industry’s most iconic figures. Tokyo prosecutors said they indicted Ghosn and Nissan for under-reporting his income over a five-year period and are investigating allegations…MORE

Elon Musk: ‘I do not respect the SEC’

Elon Musk: ‘I do not respect the SEC’

Elon Musk settled securities fraud charges brought against him by the Securities and Exchange Commission earlier this year, but he is not done deriding the agency. “I want to be clear: I do not respect the SEC,” he told Lesley Stahl during an interview with CBS’ “60 Minutes,” which aired Sunday. Musk said he is…MORE

Chinese investors lead a $5 billion bid for the owner of Louisville Slugger

Chinese investors lead a $5 billion bid for the owner of Louisville Slugger

Chinese investors are leading an attempt to buy Amer Sports, the owner of brands including Louisville Slugger and Wilson, for more than $5 billion. A consortium led by China’s Anta Sports has offered €40 ($45) per share to acquire the Finnish sports company. That’s nearly 14% above the stock’s closing price on Thursday. The group…MORE

Fiat Chrysler to open a plant in Detroit to build a new Jeep, report says

Fiat Chrysler to open a plant in Detroit to build a new Jeep, report says

Fiat Chrysler may revive a shuttered Detroit factory, signaling the automaker wants to expand its American manufacturing — even as competitors scale back their US operations. The company wants to repurpose a building in the northwestern side of the Detroit as an assembly site for a forthcoming three-row Jeep Grand Cherokee SUV that will debut…MORE

GM’s union talks could spare some workers at risk of layoffs

GM’s union talks could spare some workers at risk of layoffs

GM chief executive Mary Barra traipsed around Capitol Hill this week, meeting lawmakers about the company’s plans to shut four plants in Michigan, Ohio and Maryland. She got a lot of questions about why she couldn’t save thousands of jobs. If any of those workers are spared, it will most likely happen as part of…MORE

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