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FIle photo of Tesla CEO Elon Musk. 

Elon Musk cites whistleblower as more reason to exit Twitter deal

Tesla CEO Elon Musk has again filed paperwork to terminate Musk's agreement to buy Twitter, this time based on information in a whistleblower complaint filed by Twitter's former head of security. In an SEC filing Tuesday, Musk said his legal team notified Twitter of “additional bases” for ending the deal on top of the ones given in the original termination notice issued in July.

The Adani group has been caught into storm after Hindenburg report.

Moody's says bank exposure to Adani limited, to not affect credit quality

Moody's Investor Service on Tuesday said banks' exposures to Adani are not large enough to affect their credit quality materially. READ: Some Adani shares rise from Hindenberg crisis, after group's market losses hit $110 billion "Risks for banks can increase if Adani becomes more reliant on bank loans." However, the group's access to funding from international markets can be curtailed because of heightened risk perception.

Adani logo and decreasing stock graph is seen in this illustration.

Adani Ports to repay 5,000 crore debt, to halve capital expenditure

Adani Ports & Special Economic Zone Ltd. will repay debt of around Rs 5,000 crore, helping tycoon Gautam Adani's firm to improve a leverage metric at a time when its financial health is under scrutiny. It will improve the ratio of net debt to earnings before interest, taxes, depreciation, and amortization ratio to about 2.5 times, the company said in an earnings statement on Tuesday. The ratio stands at just over 3 times currently.

Out of the ten listed companies of the Adani group, two were in the red.

Adani flagship stock jumps 25%; $6bn recovered after prepayment of loans

Most of the Adani group companies rose on Tuesday, with flagship Adani Enterprises gaining 14 per cent in late morning trade. Read here: Some Adani shares rise from Hindenberg crisis, after group's market losses hit $110 billion On the BSE, shares of Adani Enterprises jumped 14.28 per cent to 1,797 and Adani Transmission climbed 5 per cent to 1,324.45, also its upper price band.

The company recently relocated its headquarters to Arlington, Virginia.

Boeing plans to slash around 2,000 finance and HR jobs in 2023: Report

Boeing plans to make staffing cuts in the aerospace company's finance and human resources departments in 2023, with a loss of around 2,000 jobs, the company said. Read here: Dell to slash over 6,600 jobs, 5% of its workforce, in latest tech layoffs The company, which recently relocated its headquarters to Arlington, Virginia, said it expects to “significantly grow” the overall workforce during the year.

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Tuesday, February 07, 2023
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