economists-said

SolarCity accepts Tesla’s $2.6 billion offer; both shares fall

SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal that Musk outlined in June, before advisers to the companies had done due diligence. SolarCity shares closed last Friday at about 5 percent above that

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SolarCity accepts Tesla’s $2.6 billion offer; both shares fall

economists-said

U.S. factory activity slips; construction spending hits one-year low

U.S. manufacturing activity eased in July amid shrinking order backlogs and declining employment, while an unexpected drop in construction spending in June suggested second-quarter economic was probably even weaker than reported last week. The Institute for Supply Management's (ISM) report on Monday also showed manufacturers ramping up production to an 18-month high even as factories continued…

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U.S. factory activity slips; construction spending hits one-year low