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Opendoor Technologies (OPEN 0.81%) stock dropped 21% in the first half of the year, according to data provided by S&P Global Market Intelligence. After it skyrocketed with the help of social media and retail investors last year, it’s been slowly coming back to earth as the housing market remains under pressure. A new CEO and…
Echodyne, a radar-platform company, has opened a new $40 million manufacturing facility designed to meet growing demand for its drone-detection and airspace-monitoring systems. Headquartered in Kirkland, Echodyne established the 86,350-square-foot manufacturing and operations hub in nearby Woodinville, Washington. The facility will eventually be able to produce more than 2,500 radars per month — roughly 30,000…
If you own a foreign bank account, earn income overseas or hold investments outside India, your Annual Information Statement (AIS) will soon become far more comprehensive. The Central Board of Direct Taxes (CBDT) has expanded the scope of the AIS to include information on foreign income and overseas assets received by the…
The Cumberland Building Society has appointed Ben Hornby as the relationship manager for its commercial team. Hornby brings over a decade of experience supporting businesses with their financial needs. In his role at The Cumberland, Hornby will cover the South Lakes and Lancashire region. The mutual said his appointment reflected its commitment to delivering a…
Mortgage application activity slipped modestly last week as both purchase and refinance demand eased during the holiday-shortened period. The Mortgage Bankers Association (MBA) reported a 2.2% decrease in total application volume on a seasonally adjusted basis for the week ending July 3, with results adjusted for the Fourth of July holiday. Purchase applications declined 1%…
A joint venture among PCCP, Claremont Development, and Stanbery Development Group has secured $188 million to refinance the District 15Fifteen, a 498-unit multifamily property in Parsippany, N.J., Commercial Observer can first report. Affinius Capital provided the debt, which will finance the lease-up and stabilization of the property, as it opened only last month. Cushman &…