Business

Faraday abandons its proposed $1 billion Nevada factory

Faraday abandons its proposed $1 billion Nevada factory

The plant was meant to house production of the FF 91, which Faraday earlier this year said will be fastest electric vehicle ever seen. "We remain committed to the Apex site in Las Vegas for long-term vehicle manufacturing". "We're now doing our utmost to adjust our existing factory and buying equipment, to get to mass production as soon as possible". At least two other suppliers, including a car-seat maker and media-services provider, took legal action to force Faraday to pay its debts.


Trump taps Quarles for Fed board

Trump taps Quarles for Fed board

He would also get a voting spot on the Federal Open Market Committee. Quarles runs private investment firm Cynosure Group and previously was a partner at private equity firm the Carlyle Group. The position, originally created after the 2008 financial crisis, was never filled by President Obama , and thus, if confirmed, Quarles would be the first person to serve as the first vice chair of supervision at the Fed.


Hexavest Inc. Decreases Its Position in Pepsico, Inc. (PEP)

Hexavest Inc. Decreases Its Position in Pepsico, Inc. (PEP)

Hedge funds and other institutional investors own 70.35% of the company's stock. (NYSE: PEP ). Bristol John W Com Inc Ny holds 695,734 shares or 2.05% of its portfolio. It has underperformed by 4.50% the S&P500. Independent Portfolio Consultants Inc increased Cambrex Corp (NYSE:CBM) stake by 7,005 shares to 7,215 valued at $389,000 in 2016Q4.


Tillerson to tour Gulf capitals as US seeks to end spat

Tillerson to tour Gulf capitals as US seeks to end spat

The statement was issued following a telephonic conversation between Shoukry and European Union foreign policy chief Federica Mogherini. The demands include shuttering Doha-based media network Al-Jazeera, cutting ties with Islamist groups, and expelling all Iranian and Turkish military elements working in the country.



Citigroup Cuts Rating On Kite Realty Group Trust (KRG)

Equity analyst BTIG Research starting coverage on the stock giving it an initial rating of "Buy" and establishing a price target of $35.00. The stock increased 3.88% or $0.2 on July 10, reaching $5.35. Its up 4.04% from 20.91 million shares previously. Tfs Capital Llc decreased First Potomac Rlty Tr (FPO) stake by 19.48% reported in 2016Q4 SEC filing.



Gold flat amid uptick in expectations of rate hike later this year

Stock futures in the US for Monday were up, suggesting shares on Wall Street will open higher and extend gains that were made following the release last Friday of the jobs report by the Labor Department. In China, the blue-chip CSI300 index rallied 1% in afternoon trade, while the Shanghai Composite Index turned positive and was 0.2% higher. Stocks ended last week on an upbeat note after a solid non-farm payrolls report, which showed payrolls rose by 222,000 in June compared to an ...