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Tesla announced Tuesday that its board had created a special committee to review a potential proposal by Elon Musk, the company's chief executive, to take the company private. The board, caught by surprise last week after Musk posted a cryptic tweet about having "funding secured" for a possible buyout of the electric carmaker, said that it had yet to receive a formal proposal or reach "any conclusion as to the advisability or feasibility of such a transaction." The three independent directors who make up the special committee, Brad Buss, Robyn Denholm and Linda Johnson Rice, "have the full power... [Read More]
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The outer band of rains from Hurricane Florence, expected to bring life-threatening storm surges and several feet of rainfall, are approaching the coastline. [Read More]
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