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CIT Group Inc (DEL) latest news:
MOVES-Citadel hires ex-Goldman manager as commodities COO - source
Will Evans, global franchise manager for commodities at Goldman Sachs (GS) is joining hedge fund Citadel LLC as commodities chief operating officer, a source familiar with the matter said on Wednesday. Evans will report to the head of commodities Sebastian Barrack, the source said, adding that he will start in April and be based in Chicago.
'Key' Tesla engineer has left auto maker: report
A "key engineer" involved in the company's battery design has left Tesla Inc. , according to a CNBC report late Monday. Ernesto Villanueva, who holds "numerous" patents and helped design the battery modules that power all Tesla vehicles, left the company last year, CNBC said, citing a person familiar with what occurred. Tesla has declined to comment and Villanueva could not be reached for comment, the report said. Tesla last week filed to tap the asset-backed market for the first time amid concerns about its ability to churn out Model 3 sedans at the rate it has targeted. Tesla shares fell 0.5% in late trading after ending the regular session up 2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
ICA Fluor wins $198 mln Mexico City airport tender
Mexico-based company ICA Fluor has won a contract to build the medium-voltage electrical distribution network for the new Mexico City airport, the state-run company overseeing the project said on Friday. Grupo Aeroportuario de Mexico City said ICA Fluor won the 3.656 billion peso tender in conjunction with Mexican firm Industria del Hierro.
EA stock falls after BioWare unit reportedly delays 'Anthem'
A unit of Electronic Arts Inc. has pushed the release of one of its key gaming titles into early 2019, several months behind its scheduled release this year, according to the gaming blog Kotaku. EA stock is down 2.8% to $114.44 in afternoon trading Wednesday. The stock was trading steadily until the report hit the web at 1:30 p.m eastern time. Kotaku, citing unnamed sources, reported that EA's BioWare unit has pushed back the release of "Anthem," which the company announced in 2017. "All else equal, this likely wouldn't have a massive impact to estimates; it raises further concerns about the production of the game if it gets pushed a second time," wrote KeyBanc analyst Evan Wingren in a note to clients. "These concerns are likely to be amplified given the recent execution concerns. We currently model 9M units for the game." EA will not allow BioWare to delay the release beyond March 2019, when the company's fiscal year closes, the report said. EA did not immediately respond to a request for comment. EA stock is up 43% in the past year, as the S&P 500 index rose 25%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
PRESS DIGEST-New York Times business news - Dec 8
The following are the top stories on the New York Times business pages. - Ford Motor Co (F) is shifting production of a future battery electric vehicle to Mexico to free up capacity at its Michigan's Flat Rock plant for self-driving cars, as it expects the market for self-driving cars to grow rapidly after it rolls out its first model in 2021. http://nyti.ms/2BgnsnK.