Assurant Shares Hit New Record High

Assurant Shares Hit New Record High

Assurant, a risk management firm, said it has agreed to acquire Green Tree Insurance Agency, a subsidiary of Walter Investment Management, for $125 million in cash. Shares of Assurant touched a new record high and Walter shares climbed more than 1% in intraday trading. AIZ trades in a new 52-week range of $64.36 to $95.17. The deal also includes a potential earnout of up to $25 million for an Assurant […]

Read More ˃
Tesla Motors Starts Mass Production of Battery Cells at Gigafactory

Tesla Motors Starts Mass Production of Battery Cells at Gigafactory

Tesla Motors has started mass production of lithium-ion battery cells at its Gigafactory, kicking off output of the key component for its Model 3 electric car after the company said a day earlier its 2016 deliveries were shy of estimates. The Elon Musk-helmed firm said the batteries will also be used in its energy storage devices, according to a statement on Wednesday. The cells were designed along with Panasonic “to […]

Read More ˃