S&P Futures
2,425.25
-1.50 (-0.06%)Dow Futures
21,664.00
-15.00 (-0.07%)Nasdaq Futures
5,799.50
-1.75 (-0.03%)
- BusinessAmerican City Business Journals•17 minutes ago
Concord battery manufacturer declaring bankruptcy, cutting all 290 jobs
More trouble for the Charlotte energy industry as utility-scale battery manufacturer Alevo USA announced it will file for Charpter 11 bankruptcy protection from creditors and lay off almost 300 people in Concord. The bankruptcy filing was not available as of press time. Concord Mayor Scott Padgett says he’s “extremely disappointed” that Alevo is going away.
- BusinessMinneapolis / St. Paul Business Journal•44 minutes ago
Target won't take back Hampton Creek
Target Corp. has officially ended its relationship with Hampton Creek Inc., the latest setback in a rough summer for the San Francisco-based maker of Just Mayo eggless mayonnaise and similar products. Bloomberg reports on the Minneapolis-based retailer's decision, which followed a two-month review after pulling Hampton's products from store shelves over food-safety allegations. Target (NYSE: FDA) had shared the claims with the Food and Drug Administration, but the FDA concluded it has “no safety concerns with Hampton Creek at this time.” Hampton Creek officials publicly said earlier this month they hoped to be back on Target shelves soon, but it looks like that won't happen. In a statement, a
- BusinessMarketWatch•3 minutes ago
U.S. stocks search for direction as geopolitics in focus
U.S. stocks pointed to a lackluster trading at the open Monday, following two straight sessions of declines as investors remained cautious amid geopolitical tensions and ongoing domestic political turmoil. Dow futures (XCBT:YMU7) were virtually unchanged at 21,6676.00, while S&P 500 futures (GLBX:ESU7) were flat at 2,426.75. Some analysts suggested that geopolitical tensions and political turmoil in Washington have been preventing the market from recovering after recent bout of volatility.
