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Tesla's Musk: No more discounts on new cars

DETROIT Electric carmaker Tesla Motors Inc. Chief Executive Elon Musk told employees in an email to follow company policy of not offering discounts on new cars, responding to some investors' concerns about the practice.

House panel lambasts Wells Fargo boss over phantom accounts

WASHINGTON/NEW YORK Wells Fargo & Co Chief Executive Officer John Stumpf on Thursday offered Capitol Hill lawmakers a series of actions to fix widespread sales abuses but remained defensive on issues like consumer lawsuits, the weakness of an internal investigation and his sale of Wells Fargo shares.

Car industry shows off cooperation as way to rival technology firms

PARIS/FRANKFURT Alarmed by the threat posed by Silicon Valley firms developing autonomous driving systems, carmakers at this week's Paris Motor Show showed signs they are ready to hit back by cooperating in areas where they might have been expected to compete.

Sumner Redstone urges Viacom-CBS deal, rules out others

Sumner Redstone's National Amusements, the majority shareholder of CBS Corp and Viacom Inc , on Thursday proposed a merger of the two and said it would not support the acquisition of either media company by a third party.

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