Lyft launches IPO road show, seeking $20B-$25B valuation

NEW YORK — Lyft officially kicked off the road show for its initial public offering, saying Monday it plans to put more than 30 million shares up for sale with an anticipated price of between $62 and $68 per share. That would raise more than $2 billion for the San Francisco ride-hailing company, pegging its market value at $20 billion to $25 billion, even though it hasn’t been able to turn a profit yet.

SEC: Musk violated tweet order

DETROIT — U.S. securities regulators are fighting back against Tesla CEO Elon Musk, arguing that he should be held in contempt for brazenly violating a federal court order. The Securities and Exchange Commission said in a response to Musk filed Monday night that he didn’t get a single tweet approved by a company lawyer, violating terms of the October order that settled fraud allegations.

Report: National Enquirer publisher paid $200,000 for Bezos texts

SAN FRANCISCO — The Wall Street Journal reports that the National Enquirer’s publisher paid $200,000 to obtain intimate texts between Amazon CEO Jeff Bezos and his mistress Lauren Sanchez. American Media Inc., the supermarket tabloid’s publisher, reportedly paid that sum to Michael Sanchez, Lauren’s brother. The Journal’s finding, attributed to people familiar with the matter, parallels the conclusion reached by private investigators working for Bezos as of early February.

New iPad Air to cost $499

NEW YORK — Apple has unveiled a new iPad that’s thinner and slightly larger than its current entry-level tablet. The new iPad Air will cost $499 and sport a screen that measures 10.5 inches diagonally. That compares with the standard, 9.7-inch iPad, which Apple will still sell for $329.