Elon Musk To Pay $20M And Quit As Tesla Chairman In SEC Deal
Musk will be allowed to say as CEO but must leave his role as chairman of the board within 45 days.
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Musk will be allowed to say as CEO but must leave his role as chairman of the board within 45 days.
The share price fell below $1 on Friday for the first time in the company's history, dropping as much as 15% to 85 cents in midday trading.
Indiana and IBM sued each other in 2010 after then-Gov. Mitch Daniels cancelled the state's $1.3 billion contract with IBM to privatize and automate the processing of welfare applications.
The hack is the latest security headache for Facebook, which has been dealing with political disinformation campaigns from Russia and elsewhere since 2016.
Former CEO Gregory Wasson and Wade Miquelon, former chief financial officer, will each pay $160,000, without acknowledging wrongdoing.
Tesla's stock fell 12% to $270 a share on Friday.
Last month, Mayor Rahm Emanuel led Amazon's selection team on another visit to a South Loop site along the Chicago River, known as The 78.
"This is serious. This is what you go after insider traders and market manipulators on."
The first Go store opened in January, and Amazon has expanded to Chicago. The Go store features no checkouts or lines.
Rite Aid is trying to hold off bigger, national rivals like Deerfield-based Walgreens or CVS Health Corp. partially by shoring up its share of business in regions where it already has a big presence.
Amazon is expanding delivery to its Prime members in Ann Arbor and Detroit, Michigan, Jacksonville, Orlando and Tampa, Florida, Madison and Milwaukee, Wisconsin, Omaha, St. Louis, and Tulsa, Oklahoma.
McDonald's has been gradually removing preservatives from its menu for several years in an effort to appeal to more health-conscious buyers.
SiriusXM is buying Pandora in a $3.5 billion all-stock deal. The deal will create the world's largest audio entertainment company, the companies said early Monday.
Union members walked off the job nearly two weeks ago.
A U.S. Department of Agriculture report says crops are maturing more quickly in Illinois this year compared to 2017.
Education advocates in Chicago filed two lawsuits against the U.S. Department of Education this week, arguing that students returning from Christmas vacation will be left without crucial resources such as after-school programs.
Israeli Prime Minister Benjamin Netanyahu also announced President Trump will receive the Israel Prize for his work on peace negotiations.
Ukrainian President Volodymyr Zelenskyy lauded "strong security guarantees" from the U.S. after Sunday's meeting with President Trump in Florida.
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
As this holiday season nears its end, Illinois Treasurer Alexi Giannoulias issued a warning Tuesday about text scams.
A new report shines a light on electricity shortages that Illinois could face in less than 10 years.
With less than two weeks until Christmas, if you're sending gifts to people far from home, the deadlines to get them there on time are fast approaching.
A condo owner in Country Club Hills says he's forced to sell his home after his condo association failed to reimburse him for repairs to his leaking roof. Edward Hadnott's condo has sat empty since a major roof leak in 2022.
The U.S. stopped minting pennies this week, and some groups have issued a warning about the headaches that can create for some businesses and consumers.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
It's the holiday season, which means it's the most common time of year for norovirus to spread. Here's what you need to know about this winter stomach bug.
A study conducted in part by Chicago's Northwestern Medicine found that tanning beds not only triple the risk of melanoma, but can also damage DNA across nearly the whole skin surface.
An investigation into the case of a Michigan man who contracted rabies after an organ transplant provided more details on the infection's origin.
The newest measles vaccination numbers released by Chicago Public Schools shows immunizations are finally moving in the right direction.
American Airlines announced Monday that it is adding 100 more departures from Chicago early next year as it continues its expansion at O'Hare International Airport.
The Chicago Bears are expanding their search for a new stadium to Northwest Indiana, even though they already own land in Arlington Heights and have also proposed a new lakefront stadium in Chicago.
A Culver's is coming to Chicago's South Loop, a real estate broker has confirmed.
A new vision for passenger rail is on track in southeastern Wisconsin. The MARK Passenger Rail Commission held its inaugural meeting on December 5, 2025, at Racine City Hall.
U.S. Steel says it'll resume making steel slabs at its Granite City Works plant in Illinois amid strengthening demand.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
New rule postmark will reflect the date an envelope is first processed by a USPS sorting machine, not the date the mail was actually dropped off could be days difference.
Sandy Springs police responded to a local golf course on Christmas Eve after locating a suspect wanted in connection with a previous incident. When officers approached, police say the suspect tried to take off, using a golf cart to make his escape.
The woman says the money was her whole paycheck for two weeks. She even framed one of the $100 bills Swift handed her as a memento.
The infection can lead to severe illness or death, especially in young children.
Temperatures won’t fall much overnight and may even inch upward, settling into the mid to upper 20s by Wednesday morning.
Armani Floyd's father says he doesn't want any other parent to go through what he experienced the night of his son's death.
An immigrant seeking asylum in the U.S. said he won a jackpot at the Bally's temporary casino in downtown Chicago earlier this month, but he can't get paid because of his immigration status.
The aerial takedown comes on the heels of a string of three bold cargo thefts with ties to Illinois.
The country's top sportsbooks have filed a lawsuit against the city of Chicago, challenging a new local sports betting tax set to go into effect in the new year.
Chicago police said Earnest Jackson, 47, pulled out a handgun and demanded property at the business during the Nov. 15 robbery.
As thousands of people are expected downtown for New Year's Eve celebrations, Mayor Johnson, the Chicago police, and the Office of Emergency Management and Communications are trying to get out ahead of any safety concerns.
Cameras not working, video evidence missed by police and a psychic that leads a hit and run victim's son to a clue that changes the case
Some Chicago area hospitals are at risk of significant flooding both in and around the buildings, according to new KFF Health News/Fathom models.
Lawmakers in Springfield are looking to address the high water bills being reported in some suburbs from customers of Illinois American Water.
Electric bills in the Chicago area could go up as much as $70 in the next three years because of data centers, according to the Citizens Utility Board.
Chicago had a chance to win in regulation, but Nick Foligno shot the puck off a post on a prime scoring opportunity in the final seconds.
Former Oregon and Philadelphia Eagles coach Chip Kelly has been hired as Northwestern's offensive coordinator.
Nikola Vucevic led Chicago with 23 points, but the depleted Bulls couldn't keep pace and lost a second straight following a five-game winning streak that had lifted them back to .500.
Playing the Music City Bowl isn't exactly what the Tennessee Volunteers once targeted in a season that featured four losses to teams inside the top 15 of the final College Football Playoff rankings.
Brock Purdy threw a 38-yard touchdown pass to Jauan Jennings with 2:15 to play, and the San Francisco 49ers forced an incomplete pass on the final play from the 2 to beat the Chicago Bears 42-38 and set up a Week 18 showdown for the top seed in the NFC.
A man was ordered detained Tuesday on charges of claiming to have placed bombs in the cars at a Porsche auto warehouse in the west Chicago suburb of Westmont, authorities said.
A man was killed and a teen was wounded in a shooting in broad daylight Tuesday in Chicago's Humboldt Park neighborhood.
Chicago police on Tuesday asked for help from the public in finding two men and a getaway car they have connected to the shooting of three men outside St. Sabina Roman Catholic Parish in the Auburn Gresham neighborhood.
Stefon Diggs, a star wide receiver with the New England Patriots, is facing criminal charges after an incident in Massachusetts earlier this month.
The University of Chicago issued a notice after a man was shot just east of campus in the Hyde Park neighborhood this week.
