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Nio to Seek Manufacturing Partner as It Sets Its Sights on Beijing Production Facility

Nio to Seek Manufacturing Partner as It Sets Its Sights on Beijing Production Facility

Nio (NIO), the Chinese electric vehicle maker, is planning to establish a production facility in Beijing and will likely seek a manufacturing partner, Reuters reported. The Tesla (TSLA) rival produced 3,989 units in the first quarter, almost half of what it manufactured in the prior quarter. The company’s manufacturing base in Anhui has an annual production capacity of 100,000 units, […]

Asian Stock Markets Extend Losses On Trade Outlook

Asian Stock Markets Extend Losses On Trade Outlook

Asian stock markets declined Friday as investors weighed an unexpected move by the Trump administration as well as China-US trade tensions. US President Donald Trump on Thursday imposed a 5% tariff on imports from Mexico, which he said he will ratchet up unless Mexico halts the flow of illegal migrants into the US. Hong Kong, Shanghai and Tokyo exchanges fell, […]

Sempra Energy’s Cameron LNG in Louisiana Ships First Commissioning Cargo

Sempra Energy’s Cameron LNG in Louisiana Ships First Commissioning Cargo

Sempra Energy (SRE) said its Cameron LNG project in Louisiana has shipped its first commissioning cargo of liquefied natural gas from the export project. The commissioning cargo is a step in the start-up process and will support stabilizing production and performance testing. Commercial operations from the facility will begin after Cameron LNG receives authorization from the Federal Energy Regulatory Commission, […]

WellCare CEO, CFO to Join Centene Executive Leadership Team on Merger Completion

Centene (CNC), which is acquiring fellow healthcare insurer WellCare Health Plans (WCG), said Friday that WellCare’s current CEO and CFO will join the combined company in executive leadership positions.  WellCare’s CEO Ken Burdick and CFO Drew Asher will report directly to Michael Neidorff, CEO of Centene, the company said.  Centene said it will provide further information on the combined company’s […]