BUSINESS

LOS ANGELES, CALIFORNIA - FEBRUARY 10: Kylie Jenner arrives at the 61st Annual GRAMMY Awards at Staples Center on February 10, 2019 in Los Angeles, California. (Photo by Steve Granitz/WireImage)
The 'Self-Made Billionaire' Is A Lie
Author Tomas Chamorro-Premuzic speaks with Caroline Modarressy-Tehrani
The Case For Discriminating Against Incompetent Men
LONDON, ENGLAND - JULY 19: A general view of a Claire's Accessories store entrance on Oxford Street on July 19, 2018 in London, England. (Photo by John Keeble/Getty Images)
FDA Confirms Asbestos In Claire’s And Justice Makeup Products
ARCHIVO- Esta foto del 20 de marzo del 2018 proveída por la Junta Nacional de Seguridad del Transporte de Estados Unidos muestra a investigadores examinando un vehículo autónomo de Uber que atropelló y mató a una mujer en Tempe, Arizona. (Junta Nacional de Seguridad del Transporte vía AP)
Uber Not Criminally Liable After Self-Driving Car Killed Woman: Local Prosecutor
FILE PHOTO: A bottle of prescription painkiller OxyContin, 40mg pills, made by Purdue Pharma L.D. sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo
OxyContin Maker Purdue Pharma Considering Bankruptcy Filing: Reports
In this Oct. 20, 2014 photo, third generation coal miner Keith Johnson takes off his boots as he arrives home after working the graveyard shift underground in a coal mine in Evarts, Ky. Johnson has managed to keep mining in Harlan County. But it's been a struggle. In the past two years, he's been laid off from one coal company, then moved to another, only to have it close when a long-term contract expired. At 43, he's gone from being a foreman making about $100,000 a year to a common miner at $20 an hour. "A few years ago I would have said we'd live a long life here," says Johnson. "But its dim, there's just not enough money to sustain your family here. It's a bleak outlook." (AP Photo/David Goldman)
Kentucky Coal Manager Charged With Defrauding Regulators In Black Lung Case
FILE - This June 17, 2014 file photo shows the Wynn Las Vegas and Encore resorts in Las Vegas, both owned and operated by Wynn Resorts. Nevada gambling regulators are due to sanction casino mogul Steve Wynn's former company for failing to investigate claims of sexual misconduct made against him before he resigned a year ago. A fine against Wynn Resorts Ltd. could amount to millions of dollars when the state Gaming Commission takes final action Tuesday, Feb. 26, 2019, to end a year-long investigation. (AP Photo/John Locher, File)
Wynn Resorts Fined $20 Million Over Sexual Misconduct Allegations
General Electric Co. (GE) and Texas flags fly outside the GE Manufacturing Solutions facility in Fort Worth, Texas, U.S., on Tuesday, Oct. 25, 2016. The U.S. Census Bureau is scheduled to release durable goods figures on October 27. Photographer: Luke Sharrett/Bloomberg via Getty Images
Close To 2,000 Manufacturing Workers Just Went On Strike In Pennsylvania
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song
SEC Says Elon Musk Violated Fraud Settlement With Tweet
“Bulls & Bears” panel discusses the privacy concerning surrounding Facebook and whether Congress needs to regulate the tech giant.
Facebook Is Collecting App Users' Data Without Consent, Wall Street Journal Finds
Bottles of Johnson's baby powder are displayed in a store in New York City, U.S., January 22, 2019. REUTERS/Brendan McDermid
Johnson & Johnson Subpoenaed By DOJ, SEC Over Baby Powder Safety Concerns
The entrance to Payless ShoeSource at the Coastland Center Shopping Mall. (Photo by: Jeffrey Greenberg/UIG via Getty Images)
Payless ShoeSource To Close All Remaining 2,100 Stores
Shot of a group of businesspeople attending a conference
Cecilie_Arcurs via Getty Images
More Than Just One Day: Keeping Up The Momentum Of International Women’s Day
By RYOT Studio
Sponsored by PwC
Pete Katsigianis on a picket line with fellow Stop & Shop employees at a store in Plainville, Mass., on April 17.
Photo courtesy @MariFamulari
He's Worked For Stop & Shop For 48 Years. Here's Why He's On Strike.
By Dave Jamieson
FILE - In a March 13, 2019 file photo, an American Airlines Boeing 737 MAX 8 sits at a boarding gate at LaGuardia Airport in New York. American Airlines said Sunday, April 7, 2019 it is extending by over a month its cancellations of about 90 daily flights as the troubled 737 Max plane remains grounded by regulators. The Boeing-made Max jets have been grounded in the U.S. and elsewhere since mid-March, following two deadly crashes in Ethiopia and Indonesia. (AP Photo/Frank Franklin II, File)
ASSOCIATED PRESS
American Airlines To Keep Boeing 737 MAX Planes Grounded Until Mid-August
This Tuesday, June 5, 2012, photo, shows the new Stop & Shop super market store in Pembroke, Mass. Royal Ahold NV, the Dutch owner of U.S. supermarket chains Stop & Shop and Giant, says first quarter sales rose but earnings declined in the first quarter, mostly due to the timing of the Easter holiday. (AP Photo/Stephan Savoia)
ASSOCIATED PRESS
Stop & Shop Workers Just Launched A Massive Strike Across New England
By Dave Jamieson
U.S. tabloid newspaper the National Enquirer is on display for sale in Washington, U.S., April 10, 2019. REUTERS/Jeenah Moon
Jeenah Moon / Reuters
National Enquirer Parent Company Explores Possible Sale Of Tabloid
The safety commission is warning parents to stop using the product after 3 months of age.
Fisher-Price Issues Warning After 10 Babies Die In Rock 'N Play Sleeper
By Carla Herreria
EAST RUTHERFORD, NJ - AUGUST 02: Beyonce performs on stage during the 'On the Run II' tour at MetLife Stadium on August 2, 2018 in East Rutherford, New Jersey. (Photo by Kevin Mazur/Getty Images for Parkwood Entertainment)
Kevin Mazur via Getty Images
Reebok Denies Rumors That Beyoncé Walked Out Of Meeting Over Lack Of Diversity
By Jenna Amatulli
February 12, 2019 - The Jeff Bezos / National Enquirer American Media Publishing scandal involving alleged blackmail, extortion, racy texts and compromising photographs continues to escalate. - File Photo by: zz/Dennis Van Tine/STAR MAX/IPx 2018 3/4/18 Jeff Bezos and his wife MacKenzie Tuttle Bezos at The 2018 Vanity Fair Oscar Party in Beverly Hills, CA.
zz/Dennis Van Tine/STAR MAX/IPx
Jeff Bezos And MacKenzie Bezos Finalize Divorce
By Ryan Grenoble
This photo shows the Patagonia logo on items in the brand section of a retail department store Wednesday, Nov. 28, 2018, in New York. Patagonia, an outdoor gear company, is passing along the $10 million it saved from tax cuts to non-profit environmental groups. (AP Photo/Bebeto Matthews)
ASSOCIATED PRESS
Patagonia Takes A Stand Against Companies That Aren't Working To Better The Environment
By Ryan Grenoble
WOW air Airbus A330-343 with registration TF-GAY landing at Amsterdam Schiphol AMS / EHAM International Airport in the Netherlands. The airline connects Amsterdam to Reykjavík Keflavík Airport. The airline performs low cost transatlantic flights through Iceland. (Photo by Nicolas Economou/NurPhoto via Getty Images)
NurPhoto via Getty Images
Icelandic Budget Airline Wow Air Collapses, Leaving Passengers Stranded
By Sara C Nelson 154
NEW YORK, NY - MARCH 14: Actor Shaquille O'Neal is seen outside the today show on March 14, 2019 in New York City. (Photo by Raymond Hall/GC Images)
Raymond Hall via Getty Images
Shaquille O'Neal Joins Board Of Embattled Papa John's Pizza
By Andy Campbell
Oil rigs stand in the Permian Basin area of Odessa, Texas, U.S., on Saturday, Jan. 19, 2019. In the Permian, America's busiest oil patch, a producer needs to blast as much as 60,000 barrels of water into a well every day, along with sand and chemicals, to complete the fracking that cracks open the tight, oil-bearing rock about a mile underground. Photographer: Sergio Flores/Bloomberg via Getty Images
Getty Editorial
Oil Giants Invest $110 Billion In New Fossil Fuels After Spending $1 Billion On Green PR
By Alexander C. Kaufman and Chris D'Angelo
DETROIT — U.S. securities regulators countered Tesla CEO Elon Musk's contempt-of-court defence Monday night, writing in court papers that he brazenly disregarded a federal judge's order and that one of his arguments "borders on the ridiculous."Lawyers for the Securities and Exchange Commission, in a response to Musk, wrote that when the contempt motion was filed in February, Musk had not had a single tweet approved by a company lawyer, violating a requirement of a court-approved settlement order.The October securities fraud settlement stemmed from tweets by Musk in August about having the money to take Tesla private at $420 per share. But Musk didn't have the funding secured. Tesla and Musk each had to pay $20 million in fines and agree to governance changes that included Musk's removal as chairman.SEC lawyers led by Cheryl Crumpton wrote in a response to Musk's defence that he interprets the settlement order as not requiring pre-approval unless Musk decides the tweets are meaningful to investors. The agency said Musk's argument that tweeting about car production forecasts on Feb. 19 wasn't material information is nearly ridiculous. "His interpretation is inconsistent with the plain terms of this court's order and renders its pre-approval requirement meaningless," the lawyers wrote.U.S. District Judge Alison Nathan in Manhattan will decide if Musk is in contempt and whether he should be punished. The SEC said no hearing is necessary on the matter "because there appear to be no disputed issues of material fact."Musk's lawyers wrote last week that the Feb. 19 tweet merely restated previously approved disclosures on electric car production. They wrote that the tweet, which was published after the markets closed, neither revealed material information, nor altered the mix of data available to investors.The lawyers also accused the Securities and Exchange Commission of censorship and of violating Musk's First Amendment rights by imposing a prior restraint on his speech.But the SEC lawyers wrote that submitting statements for approval does not mean Musk is prohibited from speaking. "As long as a statement submitted for pre-approval is not false or misleading, Tesla would presumably approve its publication without prior restraint on Musk," they wrote. The SEC also wrote that Musk waived any First Amendment challenge to the order when he agreed to it.Musk's lawyers also argued that the SEC's motion for contempt is an over-reach that exceeds its authority. But the SEC said enforcement of the order is up to the judge, who has broad powers to enforce court orders.Also Monday, Musk lawyer, former Enron prosecutor John C. Hueston of Newport Beach, California, asked the court for permission to file another response to the SEC, this one by Friday.In a one-page letter to the judge, Hueston said the SEC raised new allegations in its reply, which he contends is improper. He called the new assertions "unsupported" and asked to submit documentation about negotiations with the agency "which undermines the newly-presented interpretation the SEC sets forth in its reply."Monday's filing said the Feb. 19 tweet was different from prior public disclosures by the company. Also, Musk has regularly published tweets with "substantive information" about the company and its business, the SEC contended.Musk's 13-word Feb. 19 tweet said that Tesla would produce around 500,000 vehicles this year, but it wasn't approved by the company's "disclosure counsel," the SEC has said.The lawyer quickly realized it and arranged a meeting with Musk to write a correction. The company would make vehicles at a rate of 500,000 per year, but it wouldn't produce a half-million in 2019.Musk's response by Hueston said that the settlement allows Musk "reasonable discretion" to determine if his communications would require the lawyer's approval. In the case of the Feb. 19 tweet, Musk determined that it did not.Legal experts say it's unlikely that Musk will be punished severely, but the commission wants to get on the record that Musk violated the terms, to prepare for any future violations.The tweet was posted and corrected after U.S. markets had closed, but experts say regulators don't care much about that because stocks are traded nearly around the clock. Tesla's stock rose by just $1.10, or less than 1 per cent, the next day.Tom Krisher, The Associated Press
The Canadian Press
SEC Urges Court To Hold Elon Musk In Contempt Over Tweets
FILE - This Wednesday, Sept. 21, 2016, file photo shows Exxon Mobil's Billings Refinery in Billings, Mont. Exxon Mobil Corp. is reporting fourth-quarter profit of $1.68 billion on Tuesday, Jan. 31, 2017. (AP Photo/Matthew Brown, File)
ASSOCIATED PRESS
Exxon’s Climate Denial Set To Face First Public Scrutiny As Legal Woes Mount
By Alexander C. Kaufman
A worker walks next to a Boeing 737 MAX 8 airplane parked at Boeing Field, Thursday, March 14, 2019, in Seattle. The fatal crash Sunday of a 737 MAX 8 operated by Ethiopian Airlines was the second fatal flight for a Boeing 737 Max 8 in less than six months, and more than 40 countries, including the U.S., have now grounded the planes or refused to let them into their airspace. (AP Photo/Ted S. Warren)
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Report: Safety Analysis Of 737 MAX Software Program Had 'Crucial Flaws'
By Nick Visser
oil pumpjacks in silhouette at sunset (XXXL)
sharply_done via Getty Images
Big Business Spent $1.4 Billion On PR, Advertising Over The Last Decade
By Chris D'Angelo
SAN ANSELMO, CA - AUGUST 03: Bottles of Anchor Steam beer are displayed on August 3, 2017 in San Anselmo, California. San Francisco based Anchor Brewing announced plans to sell to JapanÕs Sapporo Holdings Ltd for an undisclosed amount. Anchor Steam has brewed in San Francisco for 121 years. (Photo by Justin Sullivan/Getty Images)
Justin Sullivan via Getty Images
Inside The Union-Busting Campaign At America's Original Craft Brewery
By Dave Infante
SANTA FE, NEW MEXICO - AUGUST 1, 2018: A UPS (United Parcel Service) truck driver makes a delivery in Santa Fe, New Mexico. (Photo by Robert Alexander/Getty Images)
Robert Alexander via Getty Images
Teamsters Union Faces Revolt From Members Over UPS Contracts
By Dave Jamieson
USD rain on black background
R&A Studio via Getty Images
Thrilled With Trump's Tax Law: Blue Cross Blue Shield Parent HCSC Reaps $1.7 Billion Refund
By Mary Papenfuss
The Chrysler Building, center, stands next to other midtown skyscrapers, Wednesday, Jan. 9, 2019, in New York. The art deco masterpiece that was briefly the world's tallest skyscraper when it was completed in 1930 is up for sale. (AP Photo/Mark Lennihan)
ASSOCIATED PRESS
New York's Iconic Chrysler Building Is Sold For Bargain Price Of $150 Million
By Carla Baranauckas
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