Recode Daily: Lyft is threatening to sue Morgan Stanley, saying that it created a product to short sell its stocks

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Recode Daily: Lyft is threatening to sue Morgan Stanley, saying that it created a product to short sell its stocks

Lyft is going after Morgan Stanley, following reports that the firm was selling a product to help investors short-sell the ride-sharing company’s stock. Last week, the New York Post reported that Morgan Stanley — the lead underwriter for Lyft’s main rival Uber …
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Will Patisserie Valerie's legal action against KPMG trend?

The issue here is that the PV shareholders are looking at the liability of the accountants, auditors and now the administrators in relation to such a huge
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Hypersonic flight technology just passed a 'hugely significant' milestone

Engineers working on a propulsion system to enable hypersonic air travel say they have passed a development milestone. U.K.-based Reaction Engines is developing technology for Synergetic Air-Breathing Rocket Engines (SABRE), which could one day …
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Tesla is helping Fiat Chrysler meet EU emissions targets

London (CNN Business) Tesla is selling emissions credits to Fiat Chrysler as the Italian automaker tries to avoid steep EU fines on carmakers who fail to meet tough new pollution standards. The companies have formed an “open pool” that allows their fleets to …
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Merck KGaA wins Versum's support for sweetened $6.5 bln offer

April 8 (Reuters) – Merck KGaA won the support of Versum Materials Inc’s board with a sweetened $6.5 billion takeover proposal, topping an agreed merger with rival Entegris. “This proposal constitutes a ‘Superior Proposal’ as defined in Versum’s previously …
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