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Uber IPO Proposals Value Company at $120B

Ride-hailing company Uber Technologies Inc. could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday. 

Fears for Musk’s Future Sink Tesla Shares

Shares of Tesla Inc. dived 13 percent in early trading on Friday as Wall Street worried a lawsuit from U.S. regulators could force CEO Elon Musk to step down and make it difficult for the loss-making carmaker to raise more capital.