SEC

‘Tesla Motors’ Officially Changed its Name to ‘Tesla’

Tesla Motors is now officially named simply “Tesla.” The company filed an 8-K with the SEC on Wednesday announcing the changes. The filing states: “Effective February 1, 2017, Tesla Motors, Inc. amended each of its certificate of incorporation and its bylaws solely to reflect a change of its corporate name to ‘Tesla, Inc.'” Removing "Motors"...

Snap Inc. Files for $3 Billion IPO

Snap Inc., the maker of Snapchat, has announced that they are going public. On Thursday, Snap made its first public IPO (initial public offering) filing with the U.S. Securities and Exchange Commission, which means investors finally got to see how the company explains its place in the market. The announcement comes five years after the...

Tim Cook Email May Have Violated SEC Regulations

Remember that email Apple CEO sent to CNBC's Jim Cramer yesterday amid the stock market turbulence? It looks as though Cook's rare mid-quarter update (focusing on Apple's sales in China) may have violated Securities and Exchange Commission regulations, Thomas Gorman, a partner at the law firm Dorsey & Whitney has told MarketWatch. In the email,...

SEC to Investigate GT Advanced’s Trading Activities

GT Advanced, Apple's failed sapphire crystal supplier, is facing a SEC investigation into share trading as the company neared bankruptcy, reports Bloomberg. The Wall Street Journal uncovered earlier last month that GT Advanced executives had sold shares, cashing in tens of millions of dollars before the Apple supplier filed for bankruptcy on October 6. The...

U.S. SEC Demands More Information On Taxes & Foreign Cash From Apple

Following a review over the past few months, the U.S. Securities and Exchange Commission (SEC) has demanded additional disclosures from Apple about its overseas cash and related tax policies, according to a report by The Wall Street Journal. It has also asked Apple to detail the names and tax rates of the countries where Apple houses its foreign...