Sunday, September 30, 2018
Tesla CEO Elon Musk, company settle fraud suit
SAN FRANCISCO
Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.
The Securities and Exchange Commission announced the settlement Saturday, just two days after filing a case seeking to oust Musk as CEO.
The settlement will require Musk to relinquish his role as chairman for at least three years, but he will able to remain as CEO.
N. Korea: US needs to build trust, and sanctions lower it
UNITED NATIONS
North Korea needs more trust in the U.S. and their developing relationship before it will get rid of its nuclear weapons, Pyongyang’s top diplomat said Saturday as an envoy from another of the international community’s biggest worries – Syria – demanded that the U.S., France and Turkey withdraw their troops from his civil-war-wracked country.
More than three months after a June summit in Singapore between the U.S. and North Korean leaders, Ri Yong Ho told world leaders at the U.N. General Assembly that the North doesn’t see a “corresponding response” from the U.S. to North Korea’s early disarmament moves. Instead, he noted, the U.S. is continuing sanctions aimed at keeping up pressure.
“The perception that sanctions can bring us on our knees is a pipe dream of the people who are ignorant of us,” he said, adding that the continued sanctions are “deepening our mistrust” and deadlocking the current diplomacy.
Washington is wary of easing sanctions or agreeing to another of the North’s priorities – a declaration ending the Korean War – without Pyongyang first making significant disarmament moves.
Indonesia tsunami death toll nears 400, expected to rise
PALU, Indonesia
Residents too afraid to sleep indoors camped out in the darkness Saturday while victims recounted harrowing stories of being separated from their loved ones a day after a powerful earthquake triggered a tsunami that unleashed waves as high as 20 feet, killing hundreds on the Indonesian island of Sulawesi.
The official death toll stood at 384, with all the fatalities coming in the hard-hit city of Palu, but it was expected to rise once rescuers reached surrounding coastal areas, said disaster agency spokesman Sutopo Purwo Nugroho.
Two Miss. officers die in shooting; suspect in custody
BROOKHAVEN, Miss.
Two police officers were shot and killed following an early Saturday morning confrontation in Mississippi, authorities said.
Warren Strain of the Mississippi Department of Public Safety said at a news conference that the officers were called to a house in the city of Brookhaven at about 5 a.m. for a report of shots fired.
Amid an exchange of gunfire, both officers were “mortally wounded” and then pronounced dead at a local hospital, Strain said.
Authorities identified the deceased officers as Patrolman James White, 35; and Cpl. Zach Moak, 31. Both were wearing bulletproof vests at the time and were equipped with body and dashboard cameras.
Police identified the suspect as Marquis Flowers, 25, of Brookhaven.
Associated Press