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Musk likely knew the weaker sales report was coming at the time of the sale, the suit charges. Tesla stock sales funded Twitter purchaseBefore Musk started his efforts to buy social media platform Twitter, now known as X, the billionaire executive rarely sold Tesla shares. But from April through December in 2022, Musk sold $22.9 billion worth of Tesla stock in unscheduled sales to help fund his $44 billion purchase of Twitter that year. His sales in November and December of 2022, along with the price cuts in China, helped to push down the price of Tesla shares even before the January sales report. Tesla shares soon rebounded, though, and more than doubled during the course of 2023 to close at $248.48.
Persons: New York CNN — Elon Musk, , Tesla, “ Musk, , Michael Perry, Perry, Musk, “ I’m Organizations: New, New York CNN, Twitter, SpaceX, Securities and Exchange Commission, Bloomberg, Tesla Locations: New York, Tesla, China, Delaware Chancery, Delaware
Read previewA Tesla investor accused Elon Musk of using insider information on his company to sell $7.5 billion worth of Tesla stock in 2022, according to a lawsuit filed Thursday in Delaware Chancery Court. "Musk's insider profits for his November and December sales were approximately $3 billion based on the January 3, 2023 closing price of $108.10 per share," the lawsuit alleged. AdvertisementPerry also accused Musk of misleading shareholders about what to expect in the fourth quarter of that year in an October 2022 earnings call. "So, Q4 is looking extremely good," Musk said in the call, according to a transcript published by The Motley Fool. AdvertisementMcCormick's ruling has caused Musk to sour on Delaware and has been pitching a move for Tesla to be incorporated in Texas.
Persons: , Elon Musk, Michael Perry, Tesla, Perry, Musk, Larry Ellison, Ellison, James Park, Kathaleen McCormick, McCormick Organizations: Service, Business, Oracle, New York Times, University of California, Investors Locations: Delaware Chancery, Los Angeles, Delaware, Texas
Dry Weather Hampers Mass Christmas Island Crab Migration
  + stars: | 2024-02-19 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +1 min
By Cordelia HsuSYDNEY (Reuters) - Unusually dry weather has delayed the annual migration of millions of Christmas Island red crabs from the island's interior to the sea where they mate. There are over 100 million red crabs on Christmas Island in the Indian Ocean, much of which is designated as a national park. Authorities say "exceptionally dry" conditions have put a dampener on this season's migration, where the mass of red crabs usually blocks off traffic in a normal year. This year is the first time the crabs have migrated as late as February since Parks Australia started tracking migration in the 1980s, he added. The migration sees the crabs journey from the interior of the island to the ocean, where they mate.
Persons: Cordelia Hsu SYDNEY, Brendan Tiernan, Cordelia Hsu, Alasdair Pal, Michael Perry Organizations: Authorities, Parks Australia Locations: Sydney
Ukraine Damaged Russian Landing Ship in Black Sea, Media Say
  + stars: | 2024-02-14 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: 1 min
KYIV (Reuters) - Ukrainian sea drones hit and damaged a large Russian landing ship off occupied Crimea, Ukrainska Pravda, a major Ukrainian media outlet, reported on Wednesday. The news outlet published several videos showing a column of smoke over the sea off the southern coast of Crimea, as well as helicopters flying over the sea. Ukrainian lawmaker Oleksiy Honcharenko said the targeted ship was Tsezar Kunikov, which took part in Russian military operations in Georgia in 2008. Reuters could not independently verify the account and Ukrainian military intelligence was unavailable for comment. The Latest Photos From Ukraine View All 91 ImagesIn December, Ukrainian cruise missiles struck a large Russian landing warship in Crimea that killed at least one person.
Persons: Oleksiy Honcharenko, Tsezar, Pavel Polityuk, Michael Perry Organizations: Ukrainska Pravda, Reuters Locations: Crimea, Ukrainian, Georgia
JERUSALEM (Reuters) - Israeli strikes on Gaza's southern city of Rafah killed 22 people and wounded dozens, local health officials said on Monday, after U.S. President Joe Biden told Israel not to attack Rafah without a credible plan to protect civilians. The Israeli military said on Monday it had conducted a "series of strikes" on southern Gaza that have now "concluded," without providing further details. Before previous assaults on Gaza cities, Israel's military has ordered civilians to leave without preparing any specific evacuation plan. It is the last relatively safe place in an enclave devastated by Israel's military offensive. Hamas militants killed 1,200 people in southern Israel and abducted at least 250 in their Oct. 7 incursion, according to Israeli tallies.
Persons: Joe Biden, Israel, Benjamin Netanyahu, Biden, Netanyahu, Emily Rose, Nidal, Michael Perry, Gerry Doyle Organizations: U.S, Reuters, Biden, Sunday, Hamas, Aqsa Television Locations: JERUSALEM, Rafah, Israel, Gaza, U.S
NEW DELHI (Reuters) - Two people were killed and more than 80 injured in violent protests in India's northern city of Haldwani following a government demolition drive against what it calls illegal encroachments, officials said on Friday. "I can confirm two have lost their lives and three people are serious (injured)," said senior police official Prahlad Narayan Meena. "Over 80 suffered injuries due to stone pelting, including some police and reporters." He said locals of the area, including Muslim clerics, should have been taken into confidence before starting the drive. "Every rioter who indulged in arson and stone pelting is being identified.
Persons: Prahlad Narayan Meena, Sumit, Pushkar Singh Dhami, Saurabh Sharma, Rupam Jain, Michael Perry Organizations: Police Locations: DELHI, India's, Haldwani, Uttarakhand, Nainital, New Delhi
Australia and the United States have been alarmed by China's security ambitions in the Pacific Islands region since Beijing struck a security and policing deal with Solomon Islands. U.S. Deputy Secretary of State Richard Verma urged PNG to reject a security deal with China, in comments reported by the Sydney Morning Herald on Monday. PNG would not strike a security agreement with China, he said in an interview with the ABC broadcast on Wednesday. China "understand clearly where we stand on security in the region and that is with our close traditional partners, Australia, U.S., New Zealand", he added. Even before the riots, he had pointed to law-and-order concerns and said boosting security would help to attract foreign investment in PNG's burgeoning resources sector.
Persons: James Marape, Marape, Justin Tkachenko, Tkachenko, Richard Verma, Tkatchenko, Penny Wong, Kirsty Needham, Michael Perry Organizations: SYDNEY, Papua New Guinea, Reuters, U.S, Sydney Morning Herald, Australian, ABC Locations: Papua New, Canberra, Australia, China, United States, Beijing, Solomon Islands, Port Moresby, U.S, , New Zealand
No till farming minimises soil disturbance, which helps keep carbon in the soil and also enriches soil biodiversity, reducing the need for chemical fertilisers that emit greenhouse. Zimbabwe is one of the countries worst affected by the El Nino weather pattern and struggles to feed itself. Zimbabwe produced 2.3 million tons of maize last year. The country requires 2.2 million tons of the staple grain annually for human and livestock consumption. "This is a reflection that farmers are adopting the recommended climate-proofing interventions, especially during the El Nino condition," cabinet said in a statement released late on Tuesday.
Persons: Vangelis Haritatos, Mthuli Ncube, Zimbabwe's, Nelson Banya, Michael Perry Organizations: Reuters, El, Finance, Nino Locations: HARARE, Zimbabwe, El Nino, Pacific
Philippines Wards off Cyber Attacks From China-Based Hackers
  + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +1 min
MANILA (Reuters) - Hackers operating in China attempted to break into websites and e-mail systems of the Philippine's president and government agencies, one promoting maritime security, but failed, an information and communications ministry official said on Monday. But using the internet protocol addresses, we pinpointed it to China," Paraiso said, adding the hackers were traced to be using the services of Chinese state-owned Unicom. "We are appealing to the Chinese government to help us prevent further attacks." The thwarted cyber attacks came at a time of heightened tensions with China, largely over disputed territory in the South China Sea. The Philippines is currently working on a five-year cybersecurity strategy to beef up its cyber defences to combat attacks and digital crimes.
Persons: Ferdinand Marcos Jr, DICT, Renato Paraiso, Paraiso, Neil Jerome Morales, Michael Perry Organizations: Department of Information, Communications Technology, National Coast Watch, Philippine Locations: MANILA, China, China's, Manila, South China, Philippines
During the welcome, or powhiri, Luxon's speech only went ahead after a Maori elder called for respect. The government has also said it will introduce, but are not committed to passing, a bill that would reinterpret the Treaty of Waitangi. Organiser are expecting upwards of 60,000 people to attend Waitangi Day events, which started on Saturday making it the biggest event since the 150-year celebrations in 1990. Protest has long been part of Waitangi celebrations and in 1995 official events had to be cancelled due to anger over government policies. In 2016, a minister was struck in the face by a dildo thrown by a woman protesting a trade agreement.
Persons: Lucy Craymer WELLINGTON, Christopher Luxon, we’d, there’d, Luxon, Lucy Craymer, Michael Perry Organizations: Reuters, New, British Crown, Waitangi Locations: New Zealand, Waitangi
By Lewis JacksonSYDNEY (Reuters) - An Australian court on Monday began hearing the appeal of a decorated war hero, who is fighting a court defamation ruling that found media groups had proven their reports he played a part in the unlawful killings of four Afghans in Afghanistan. He called the reports false and based on claims of failed soldiers who were jealous of his accolades, and sought unspecified damages. The civil court defamation finding required a lower threshold of proof than a criminal court would. Roberts-Smith, 45, whose portrait hangs in the Australian War Memorial, has not been charged with any crimes. The lengthy legal battle has racked up huge costs for Roberts-Smith and his financial backer, Seven West Media chairman Kerry Stokes.
Persons: Lewis Jackson SYDNEY, Ben Roberts, Smith, Roberts, Kerry Stokes, Stokes, Lewis Jackson, Alasdair Pal, Michael Perry Organizations: Former SAS, Victoria Cross, Nine Entertainment, Australian, Roberts, Seven West Media, Sydney Morning Herald Locations: Afghanistan
"The opportunistic political alliance was not meant to last," said Temario Rivera, chairman of the Center for People Empowerment in Governance think-tank. "It is still working," he said, adding he was keeping Sara Duterte as education minister. 'OPEN WARFARE'The alliance publicly disintegrated on Sunday when Duterte called Marcos a "drug addict" during a rally against moves to change the charter. Analysts said the public bust-up could be linked to the 2028 presidential race, which Sara Duterte is expected to contest and stands a strong chance. "It will be an open warfare this year," said Ronald Llamas, a veteran political analyst and former presidential adviser.
Persons: Karen Lema MANILA, Ferdinand Marcos Jr, Rodrigo Duterte, Marcos, Duterte's, Sara, Jean Encinas, Sebastian Duterte, Temario Rivera, Sara Duterte, Rivera, Duterte, Ferdinand Marcos Sr, Marcos Sr, Imelda, Ronald Llamas, Karen Lema, Michael Perry Organizations: University of the, Center for People Empowerment, International Criminal, Hague Locations: Philippine, Philippines, University of the Philippines, Davao, China, United States, Washington, South, Taiwan, South China
HONG KONG (Reuters) - China's Supreme Court and Hong Kong's Department of Justice said on Monday that they signed an arrangement on the reciprocal recognition and enforcement of judgements in civil and commercial cases effective immediately in both places. It is unclear how the reciprocal recognition and enforcement arrangement would work in practise as there has been no previous precedent with the mainland. Hong Kong is the only jurisdiction to have an arrangement with the mainland on reciprocal recognition and enforcement of judgements with such a wide coverage, it said. Justice Secretary Paul Lam said that the new civil and commercial arrangement showcased the unique advantages enjoyed by Hong Kong under the "one country, two systems" formula that the city is governed under. "This will be conducive to enhancing Hong Kong's status as an international legal and dispute resolution services centre.
Persons: Hong, Jimmy Lai, Paul Lam, Lam, Farah Master, Tom Hogue, Michael Perry Organizations: Reuters, Hong Kong's Department of Justice, Hong, European Union Locations: HONG KONG, Hong Kong, Beijing, China, U.S, Britain, Canada, Australia
(Reuters) - Russian shelling in northern Ukraine killed four people in two villages in Sumy region near the Russian border, while a woman died in a fresh assault on the devastated eastern Ukrainian town of Avdiivka, local officials said. The local administration in Sumy region said three people died in mortar fire in the village of Znov-Novohorodske. Reuters could not verify the reports, but officials in Sumy region report daily attacks from Russian forces. It has remained in Ukrainian hands in Russia's slow drive through eastern Ukraine despite fierce onslaughts since mid-October. The General Staff of Ukraine's armed forces, in its evening report said Ukrainian forces had repelled 13 Russian attacks in and around Avdiivka in the past 24 hours.
Persons: Suspilne, Avdiivka, Natalia Humeniuk, Ron Popeski, Nick Starkov, Michael Perry Organizations: Reuters, General, Military Locations: Ukraine, Sumy, Russian, Avdiivka, Znov, Ukrainian, Dnipro, Russia, Kherson
Shark Attacks Woman Swimming in Sydney Harbour
  + stars: | 2024-01-29 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +1 min
SYDNEY (Reuters) - A woman swimmer was seriously injured in a shark attack in Sydney Harbour and had been taken to the hospital in a stable condition, authorities said on Tuesday. Police said they had been told the woman was swimming off the wharf when the shark attacked her. While shark sightings along Sydney's ocean-facing beaches are common, attacks in its iconic harbour are rare. Monday's incident took place near the Opera House and Harbour Bridge. "Shark bites are really rare ... the last incident that occurred in Sydney Harbour was in 2009," Amy Smoothey, senior shark scientist at the New South Wales department of primary industries, told the Australian Broadcasting Corp.Based on the bite patterns and images provided, the woman was likely attacked by a bull shark, Smoothey said.
Persons: Amy Smoothey, Smoothey, Renju Jose, Michael Perry Organizations: SYDNEY, Police, Opera, New South, Australian Broadcasting Corp Locations: Sydney Harbour, Elizabeth Bay, New South Wales, Sydney
MANILA (Reuters) - Philippine President Ferdinand Marcos Jr. struck back on Monday at his firebrand predecessor Rodrigo Duterte who called him a "drug addict", saying the former leader's fentanyl use could have affected his judgment. "I think it's the fentanyl," Marcos told reporters shortly before leaving for Vietnam in response to claims made by Duterte on Sunday while speaking at a rally in his hometown Davao against moves to amend the country's constitution. In 2016, Duterte admitted he used to take the highly addictive synthetic opioid fentanyl for pain relief after a motorcyle accident. Former president Duterte has earned international rebuke for unleashing a brutal campaign against illegal drugs when he assumed power in 2016, killing more 6,000 dealers whom police said resisted arrest during anti-drug operations. The International Criminal Court has allowed an investigation into the killings to resume, but Marcos said his government will not cooperate.
Persons: Ferdinand Marcos Jr, Rodrigo Duterte, Marcos, Duterte, Mikhail Flores, Michael Perry Organizations: Philippine Drug Enforcement Agency Locations: MANILA, Philippine, Vietnam, Davao
By Kirsty NeedhamSYDNEY (Reuters) -Voting began on Friday in the tiny Pacific Island nation of Tuvalu in a national election that is being closely watched by China, Taiwan, the US and its ally Australia, amid a tussle for influence in the region. Most of Tuvalu is forecast to be flooded by high tides by 2100, says the United Nations Development Programme, which is working with Tuvalu to bolster its coastline. Taiwan on Thursday said China was trying to influence the Tuvalu election and "seize our diplomatic allies". The new government should decide whether Taiwan or China can best respond to Tuvalu's development needs, he said. Prime Minister Kausea Natano has told Taiwan he continues to support ties, Taiwan said.
Persons: Kirsty Needham SYDNEY, Seve Paeniu, Kausea Natano, Enele Sopoaga, Natano, Simon Kofe, Sopoaga, Kofe, Kirsty Needham, Ben Blanchard, Michael Perry Organizations: United Nations Development, Washington, Tuvalu's Finance, Reuters, Australia Locations: Tuvalu, China, Taiwan, Australia, Funafuti, Pacific, United States, Nauru, Beijing, Nukulaelae, Kofe, United Nations, Canberra, Sydney, Taipei
HANOI (Reuters) - Vietnam's defence ministry said on Friday it will organise an international arms fair in December, as it seeks to diversify its arms supplies and expand cooperation in arms production and exports. Vietnam held its first international arms fair in December 2022, which attracted 174 exhibitors from 30 countries, including all large arms-making nations except China. The ministry on Friday said "several deals were reached" at that arms fair, without giving further details. The Southeast Asian country has an annual military expenditure of above 2% of its gross domestic product, according to the ministry. Vietnam is producing among other weapons small weapons, ammunitions, drones and armoured vehicles.
Persons: Khanh Vu, Francesco Guarascio, Michael Perry Locations: HANOI, Gia Lam, Hanoi, China, Vietnam
By Hyunsu YimSEOUL (Reuters) - North Korean leader Kim Jong Un has called for ways to be found to improve economic development after saying that a failure to provide people with basic living necessities including food is a "serious political issue", state media reported on Thursday. Kim made the remarks while discussing regional development in a speech at the 19th Enlarged Meeting of the Political Bureau of the 8th Central Committee of the Workers' Party of Korea, the country's ruling party, held between Tuesday and Wednesday, according to KCNA. North Korea has over recent decades suffered serious food shortages, including famine in the 1990s, often exacerbated by natural disasters such as floods damaging harvests. The food situation in North Korea was "still bad" despite an uptick in trade with China, South Korea's unification minister, who is charged with handling relations with its neighbour, said last year. Kim announced the policy at a Supreme People's Assembly meeting held earlier this month.
Persons: Hyunsu Yim, Kim Jong, Kim, Ed Davies, Michael Perry Organizations: Political, 8th Central Committee of, Workers ' Party of Korea, North, Assembly Locations: Hyunsu Yim SEOUL, KCNA, North Korea, China, South, COVID
Japanese economic delegations had visited China every year since 1975, but those visits lapsed during the COVID-19 era when China largely shuttered its borders due to its stringent pandemic policies. During their visit this week, the Japanese business delegates, which included Masakazu Tokura, chairman of the powerful Keidanren, as the Japan Business Federation is known, are due to meet with Chinese Premier Li Qiang on Thursday. Japan is heavily reliant on China, where Japanese companies have for years invested in building manufacturing supply chains and forged relationships with local partners. China last year arrested a Japanese executive, an employee of the drugmaker Astellas Pharma, on suspicion of espionage. The move has had a chilling effect on business, Japanese officials say.
Persons: Masakazu Tokura, Premier Li Qiang, Fumio, Xi Jinping, Wang Yi, Gamble, Ryan Woo, Miyoung Kim, David Dolan, Michael Perry Organizations: Japan Business, Premier, Pharma, Procter, SK, Nidec Corp, Toyota, Nissan Locations: BEIJING, China, Japan, United States, Kishida, Greater China, Beijing, Singapore, Tokyo
TAIPEI (Reuters) -Taiwan president-elect Lai Ching-te said on Thursday he hopes that the United States can continue to firmly support Taiwan, as he met the first group of U.S. lawmakers to visit Taipei since he won an election earlier this month. "I also hope that the two co-chairs and our friends in the U.S. Congress can continue to support Taiwan in bolstering its self-defence capabilities." Diaz-Balart told Lai his main message was that U.S. support for Taiwan was firm, real and "100% bipartisan". "Rest assured that you have the support of the United States Congress," he said. China has repeatedly warned the United States to stop its support for Taiwan and the issue is a constant irritant in Sino-U.S. relations.
Persons: Lai Ching, Lai, Mario Diaz, Ami Bera, Diaz, Balart, Tsai Ing, Joe Biden, Ben Blanchard, Kim Coghill, Michael Perry, Raju Gopalakrishnan Organizations: Democratic Progressive Party, U.S . House, Representatives Taiwan Caucus, Republican, Balart, Democratic, ., U.S, Congress, United States Congress Locations: TAIPEI, Taiwan, United States, U.S, Taipei, China
(Reuters) - At least six people were killed including three firefighters after a truck carrying 60 tons of liquefied natural gas exploded in the Mongolian capital of Ulaanbaatar on Tuesday, according to Mongolia's emergency officials. At least 11 people were injured in the fire near the Dunjingarav market, Mongolia's Emergency Management Office said in a post on Facebook. More than 600 firefighters 100 vehicles were involved in putting the fire out, which was eventually extinguished. According to local online news outlets, the fire quickly engulfed several nearby buildings, including a residential building. "Our thoughts are with the families of all those affected and we wish a fast recovery to those injured in this tragic event."
Persons: Fiona Blyth, Lidia Kelly, Michael Perry Organizations: Reuters, Emergency Management, Facebook, 63rd, Unit, National Fire Service Locations: Mongolian, Ulaanbaatar, Mongolia, Melbourne
Manila calls the portion of the South China Sea that is within its EEZ as the West Philippine Sea, where it has had a series of confrontations with China with both trading accusations of provoking conflict. In addition to the Philippines, Vietnam, Indonesia, Malaysia and Brunei claim parts of the South China Sea disputed by China, which claims almost all of the sea, a conduit for more than $3 trillion of annual ship-borne commerce. Plans by a Philippine firm to drill for oil and natural gas on the Reed Bank in the South China Sea have been hampered for years by the territorial dispute. The encroacher has a vast area of sea," Teodoro said. China and the Philippines agreed last week to improve maritime communication and to properly manage conflicts and differences in the South China Sea through friendly talks.
Persons: Gilberto Teodoro, Teodoro, China's, Neil Jerome Morales, Karen Lema, Michael Perry Organizations: Manila Overseas Press Club, South China, West, Reed Bank Locations: MANILA, Philippines, Manila, West Philippines, South, West Philippine, China, Vietnam, Indonesia, Malaysia, Brunei, Beijing, Philippine, South China
Three Killed in Helicopter Skiing Crash in British Columbia
  + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: +1 min
(Reuters) - At least three people were killed on Monday in the crash of a helicopter carrying a group of recreational skiers on an outing in British Columbia, the tour operator said in a statement. The chopper went down near Terrace, a town of about 12,000 residents in the Skeena region of west-central British Columbia about 70 miles (112 km) east of the Alaska border, according to Northern Escape Heli-Skiing. The British Columbia Emergency Health Services reported separately that four people injured in the crash and treated by paramedics at the scene were taken to Mills Memorial Hospital in Terrace in critical condition. It was left unclear whether any of those initially hospitalized were among the victims later listed as deceased by the tour operator, whose website promotes trips featuring "big mountain, backcountry skiing at its finest." There was no official word on the cause or circumstances surrounding the crash, which occurred at about 4 p.m. local time.
Persons: Tamara Little, Steve Gorman, Michael Perry Organizations: Reuters, British Columbia Emergency Health Services, Mills Memorial Hospital Locations: British Columbia, Terrace, Skeena, Alaska, British, Mills, Los Angeles
Ethan Crumbley pleaded guilty in 2022 to two dozen counts, including four of first-degree murder, and last month was sentenced to life in prison without parole. Jennifer Crumbley and her husband James Crumbley were being tried separately after being charged with four manslaughter counts in late 2021. Legal experts have said that the parents' trial, which appears to be the first of its kind, breaks new legal ground. "Rarely are high school shooters going out and buying guns from a gun store," Horwitz said. Ethan Crumbley was returned to class and later walked out of a bathroom with the gun and began firing, prosecutors say.
Persons: Brad Brooks, Jennifer Crumbley, Ethan, Ethan Crumbley, James Crumbley, James Crumbley's, Josh Horwitz, Horwitz, Karen McDonald, I'm, hadn't, Nick Suplina, Donna Bryson, Michael Perry Organizations: Reuters, Oxford High School, Johns Hopkins Center for Gun Violence Solutions, U.S . Department of Homeland Security, Law, Gun Safety Locations: Michigan, Oakland, Detroit, Longmont , Colorado
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