Hackers release corporate data stolen from London Drugs
Retailer London Drugs says cybercriminals who stole files from its corporate head office last month have released some of the data after it refused to pay a ransom.
Shares of Tesla rose slightly Thursday despite news that CEO Elon Musk sold another US$3.58 billion worth of the electric vehicle maker's stock this week.
The stock closed at US$157.67, up less than 1% but still close to its two-year lows. Tesla did fare better than the broader U.S. stock market, where concerns about rising interest rates led to a 2.5% drop in the S&P 500 index.
Musk, the new owner of Twitter, sold the Tesla shares from Monday through Wednesday, according to a filing posted Wednesday night with the U.S. Securities and Exchange Commission. It wasn't clear where the proceeds of the sales were being spent.
Musk has sold nearly US$23 billion worth of Tesla stock since April, with much of the money likely going to help fund his $44 billion acquisition of Twitter. Early last month, he sold nearly US$4 billion worth of Tesla shares, according to regulatory filings.
The sale comes as shares of the electric vehicle and solar panel maker have collapsed, losing over half their value since Musk first disclosed in April that he was buying up Twitter stock.
Wedbush analyst Dan Ives said in a client note that Musk seems to be changing the Tesla narrative from the fundamental electric vehicle transformation story to becoming a source of funds to finance his Twitter acquisition.
"The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter which gets worse by the day as more advertisers flee the platform with controversy increasingly driven by Musk," Ives wrote.
The falling shares of Tesla have bumped Musk from his status as the world's wealthiest person, with his net worth falling to US$174 billion, according to Forbes. He was passed last week by French fashion and cosmetics magnate Bernard Arnault. Most of Musk's wealth is tied up in shares of Tesla Inc., which is based in Austin, Texas.
The takeover of San Francisco-based Twitter has not been smooth, and some big companies have halted advertising on the social media platform. Musk has said that Twitter had "a massive drop in revenue" due to the advertiser losses.
Investors have been punishing Tesla stock of late while Musk has spent much of his time running Twitter, raising concerns that he's distracted from the car company.
Just this week Twitter dissolved its Trust and Safety Council, the advisory group of around 100 independent civil, human rights and other organizations that the company formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems on the platform.
A message was left with Tesla seeking comment on the stock sale.
Retailer London Drugs says cybercriminals who stole files from its corporate head office last month have released some of the data after it refused to pay a ransom.
A Toronto man who won $70 million in a recent Lotto Max draw literally fell off his chair when he saw the funds in his bank account.
Approximately 50 Montreal-area students — the vast majority of them female — were suspended Wednesday after their school deemed the shorts they were wearing were too short. On Thursday, several students staged a walk-out to protest what they believe is a "sexist" dress code that unfairly targets girls.
Connor McDavid tipped Evan Bouchard's shot from the boards past Dallas Stars goalie Jake Oettinger 32 seconds into the second overtime to give the Edmonton Oilers a 3-2 win in Game 1 of the Western Conference Final..
Something shifted in the pretty little village of Lumby, B.C., after Tatjana Stefanski vanished. It used to be the sort of place where parents let their kids roam free or play in the local creek, but everything has changed.
Despite its rough name, experts say most cases of 'slapped cheek disease' are mild and not a cause for concern.
American Airlines has distanced itself from a court filing in which the carrier said a nine-year-old girl should have noticed there was a camera taped to the seat of an airplane lavatory.
Canadian soldiers and government officials arrived in northeastern France this week for a historic mission: returning an unknown Newfoundland soldier back home.
The Calgary Philharmonic has confirmed its taking action after controversial online comments made by two members of the orchestra.
The proprietors of Regina's sole discount theatre are aware they're carrying on a significant legacy.
When Jujhar Mann said he wanted to be a pastry chef on a grade school career project, he didn't imagine that pursuing his dream would land him on a popular Netflix baking competition.
A city known for its history, ties to outer space and southern barbecue, is also home to a Winnipeg chef dishing out dozens of perogies.
A Montreal photographer captured the moment a Canada goose defended itself from a fox at the Botanical Garden.
Public libraries in Atlantic Canada are now lending a broader range of items.
Flashes of purple darting across the sky mixed with the serenading sound of songs will be noticed more with spring in full force in Manitoba.
Catching 'em all with impressive speed, a 7-year-old boy from Windsor, Ont. who only started his competitive Pokémon journey seven months ago has already levelled up to compete at a world championship level.
A sanctuary dedicated to animals with disabilities is celebrating the third birthday of one of its most popular residents.
2b Theatre recently moved into the old Video Difference building, seeking to transform it into an artistic hub, meeting space, and temporary housing unit for visiting performers in Halifax.