• Sears is about to find itself in a dire cash situation, according to court filings reported by Bloomberg.
• The company is relying on a $300 million bailout from former CEO Eddie Lampert. Without this, it could be forced to liquidate in as soon as two weeks from now.
• The department store has been closing stores and losing money for years. It has stayed afloat thanks to Lampert bailing it out with billions of dollars in loans through his hedge fund, ESL Investments...

The parent company of MoviePass gave another indication Thursday that it's struggling to convince shareholders to back its plan to reverse-split its stock for the second time in four months.

Helios and Matheson, which bought a controlling stake in the subscription movie ticket service last year, has hired a second firm to help it collect investor votes, it announced..

• Helios and Matheson, the parent company of MoviePass, is seeking to boost its share price through another reverse-split of its stock.
• Two of the major research firms that offer investors advice on shareholder votes back the reverse-split proposal.
• Even so, investors appear dubious of it.
• They have good reason to oppose it — it would free the company up to issue billions of new shares of stock after it's already massively diluted shareholders...

• Four powerful institutional Facebook investors have co-filed a shareholder proposal calling for Mark Zuckerberg's dual role as CEO and chairman to be split.
• The proposal was originally filed by activist investor Trillium Asset Management and revealed by Business Insider in July after Facebook's brutal second quarter earnings...

• Elon Musk plans to buy $20 million of Tesla stock, the company said in a filing Wednesday.
• The plans were announced the day after a judge approved Tesla and Musk's settlement with the US' top stock regulator.

Tesla CEO Elon Musk plans to buy $20 million worth of the company’s stock on the open market "during the next open trading window," the company said in a regulatory filing Wednesday...

• MoviePass' parent company, Helios and Matheson Analytics, has postponed its special meeting of stockholders regarding the vote on a 1-for-500 reverse stock split to November 1.
• The meeting was originally scheduled for Thursday.
• MoviePass investors have voiced their displeasure with Helios and Matheson about the proposed reverse split on Twitter...

• Tesla rallied Tuesday morning after a judge approved CEO Elon Musk's settlement over a fraud charge.
• The Securities and Exchange Commission sued Musk last month over allegations that he committed fraud when he said he had "funding secured" to take Tesla private.
• All eyes are on now on the company's third-quarter earnings report later this month...

• Eddie Lampert sent an email to Sears employees on Monday announcing the company's bankruptcy filing.
• "I’ve decided to step down as CEO," Lampert wrote. "Know that this does not change my commitment to Sears Holdings, and I will continue to be actively involved as chairman of the board of directors."
• Lampert attributed the company's bankruptcy filing to "a difficult retail environment, unsatisfactory operating performance, and legacy liabilities impacted by historically low interest rates."...

Square Chief Financial Officer Sarah Friar is leaving the $32 billion payments company to take a new role leading neighborhood social network Nextdoor as CEO...

• As a result of a settlement with the Securities and Exchange Commission (SEC), Tesla CEO Elon Musk will have to step down as the chairman of the automaker's board of directors for three years.
• Tesla's board has been criticized for failing to hold Musk accountable for erratic behavior that has at times caused the company's stock price to fall.
• The Financial Times reported on Wednesday that current Tesla director James Murdoch is the leading candidate to become the board's next chairman...

(Reuters) - Qualcomm Inc said on Tuesday it named Martin Anstice, chief executive officer of chip gear maker Lam Research Corp, and Irene Rosenfeld, former chairman and CEO of U.S. snack foods company Mondelez International Inc, to its board...

• Goldman Sachs racked up $100 million in the first half trading natural gas, thanks to trades made by Shane Lee, a Calgary-based trader, and his team, according to people with knowledge of the matter.
• Natural gas prices set records in early January when below-average temperatures accompanied by a snow storm dubbed the Bomb Cyclone led to soaring demand for the commodity, according to Natural Gas Intelligence...

MILAN (Reuters) - Telecom Italia (TIM) CEO Amos Genish said tensions between the company's management, its board and shareholders were counterproductive, but said he was committed to staying, according to an excerpt of an interview with La Repubblica...

• General Electric shares rallied Friday after the company announced new CEO Larry Culp's compensation package.
• If Culp is able to boost GE's stock price by 50% to 150% within four years, he would make up to $300 million, according to CNBC.
• Watch GE trade here in real time.

General Electric shares rallied Friday after the company announced the contract details for new CEO Larry Culp...

• Withdrawal means that for now, Britain gets to keep one of its most valuable companies as it moves closer to Brexit.
• Scrapped plan seen as victory for shareholders, who had opposed the move.
• Unilever decided to collapse its Anglo-Dutch structure after a business review sparked by last year’s failed $143 billion takeover approach by Kraft-Heinz...

Elon Musk may soon be out as chairman of Tesla, but he'll be able to pick his successor and serve with that person on the electric car company's board...

• Tesla's board has repeatedly made clear that it sees its duty as ensuring that Elon Musk remain in a leadership role at the company — not representing shareholders' interests.
• But Musk's role at Tesla is now in jeopardy, thanks to charges filed against him by the Securities and Exchange Commission in connection with his series of tweets about potentially taking Tesla private.
• The SEC is seeking to bar him from serving as a director or officer at a public company...

• Azealia Banks tells Business Insider that she is "proud" of Elon Musk's decision to settle with the SEC, paying a $20 million fine and agreeing to step down as chairman.
• Many theorized that Banks would have testified in the SEC investigation, had Musk not settled, and the rapper said she had already been planning courtroom outfits.
• "I would have walked up in that courtroom looking like a pussycat," Banks said...

• Pfizer announces that CEO Ian Read will stand down from the start of 2019.
• He will be replaced by Dr. Albert Bourla, who is currently Pfizer's chief operating officer.
• "It’s been an honor to serve as Pfizer’s CEO for the past eight years," Read said in a statement.

Ian Read, the long-serving chief executive officer of pharmaceutical giant Pfizer is set to step down, the company announced on Monday...

• Tesla shares were up more than 15% early Monday on the news Tesla CEO Elon Musk had settled fraud charges with the US Securities and Exchange Commission.
• Musk will neither admit nor deny the allegations, including that he knowingly misled the public, and he has agreed to step down as Tesla's chairman for at least the next three years. Both Musk and Tesla will also pay $20 million fines...

General Electric head John Flannery is out after just more than a year at the top of the company. He will be replaced as chairman and CEO by  H. Lawrence Culp, Jr.

GE said it will take a $23 billion goodwill charge for its power business. It also warned that it will miss its 2018 earnings-per-share gudiance.

GE shares are up more than 10% on the news...

• The SEC filed a lawsuit against Tesla CEO Elon Musk on Thursday, alleging that Musk made "false and misleading statements" in August about taking the automaker private.
• Musk said he was "deeply saddened and disappointed" by the lawsuit, which he called "unjustified," in a company statement to Business Insider.
• Three legal experts weighed in on the matter...

• The SEC sued Tesla CEO Elon Musk on Thursday, saying he made "false and misleading" statements in August about possibly taking Tesla private.
• Former SEC senior counsel Thomas Gorman told Business Insider he disagreed with the agency's decision.
• While Musk's statements weren't smart from a business perspective, that doesn't necessarily mean he committed fraud, Gorman said...

• The former SEC chairman Harvey Pitt told Business Insider in August that Tesla CEO Elon Musk could be banned from serving as an officer or director of a public company after reports that the agency was investigating his comments about taking Tesla private.
• But the SEC's lawsuit is not the only potential threat to Musk.
• Bloomberg reported earlier this month that the Department of Justice has opened an inquiry into Tesla, which could ultimately result in a prison sentence for Musk...