Atlanta Fed president sees signs that economic recovery is stalling
Atlanta Fed President Raphael Bostic said in an interview the U.S. economy was levelling off. "There are a couple of things that we are seeing and some of them are troubling and might suggest that the trajectory of this recovery is going to be a bit bumpier than it might otherwise," Bostic said to the Financial Times. He said the regional central bank was trying to figure out "whether this levelling off is something that is a more sustained pattern, or just a pause."
Solar company Sunrun to buy rival Vivint in $3.2 billion deal
Residential solar-panel installer Sunrun Inc. undefined announced a deal Monday night to acquire rival Vivint Solar Inc. undefined for about $3.2 billion, including debt. In a statement, the companies said Vivint shareholders would get 0.55 shares of Sunrun for every share held, leaving Vivint shareholders with about a 36% stake in the combined company. The merger will deliver an annual cost savings of about $90 million, the companies said. "Vivint Solar adds an important and high-quality sales channel that enables our combined company to reach more households and raise awareness about the benefits of 澳门拉斯维加斯app下载home solar and batteries," Lynn Jurich, Sunrun's chief executive and co-founder, said in a statement. "This transaction will increase our scale and grow our energy services network to help replace centralized, polluting power plants and accelerate the transition to a 100% clean energy future." Sunrun shares have gained 55% year to date, while Vivint has risen 46%, compared to the S&P 500's undefined 1.6% decline this year.
Palantir confidentially files to go public
Palantir Technologies Inc. announced late Monday that it has confidentially filed paperwork to go public. In a news release, the data-analysis company co-founded by Peter Thiel said it had filed a draft registration statement with the Securities and Exchange Commission. The news release did not specify whether Palantir would go the IPO route or go public through a direct listing, and neither the number of shares nor potential share price was announced. "The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions," Palantir said in the release. The highly secretive software company, last valued at around $20 billion in 2015, has been a top IPO candidate for years. It would likely face intense scrutiny for its sensitive data-mining work with the U.S. government.
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