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Electric carmaker to start moving to North Las Vegas

Faraday is "excited to kick off these next steps at our Nevada facility, and bring our vision of future mobility closer to reality," the company said in a statement. Faraday announced it will work with the multinational, Los Angeles- based design firm AECOM for architecture, design and construction of the facility. Faraday unveiled a sleek, futuristic concept car in...

Source: The Associated Press

Executive Edge: Insider trading charges

CNBC's Eamon Javers reports on the U.S. government's insider trading charges against the former chairman of Dean Foods and Las Vegas sports gambler Billy Walters. Golfer Phil Michelson is named as a "relief defendant."

Source: CNBC.com

CORRECTED-UPDATE 5-Ex-Dean Foods chairman, gambler charged for insider trading; Mickelson settles

NEW YORK, May 19- U.S. authorities on Thursday charged a former chairman of Dean Foods Co and a professional Las Vegas gambler with engaging in an insider trading scheme that netted more than $40 million and included a tip that benefited professional golfer Phil Mickelson. William "Billy" Walters, who has built a multimillion-dollar fortune as a famed Las Vegas...

Source: Reuters

Carl Icahn's lawyer say he was not accused of 'wrongdoing'

NEW YORK, May 19- A lawyer for Carl Icahn said on Thursday that the billionaire activist investor was never accused of any wrongdoing as part of an insider trading probe that involved the former chairman of Dean Foods Co, Las Vegas betting legend William "Billy" Walters and famed golfer Phil Mickelson. Icahn has never been accused of any wrongdoing and as he has said...

Source: Reuters

UPDATE 3-Ex-Dean Foods chairman, gambler charged for insider trading; Mickelson settles

NEW YORK, May 19- U.S. authorities on Thursday charged a former chairman of Dean Foods Co and a professional Las Vegas gambler with engaging in an insider trading scheme that netted over $40 million and included a tip that benefited professional golfer Phil Mickelson. William "Billy" Walters, who has built a multimillion-dollar fortune as a famed Las Vegas sports...

Source: Reuters

Dean Foods ex-chairman, pro gambler charged with insider trading

U.S. authorities charged a former chairman of Dean Foods and a professional Las Vegas gambler with engaging in a years-long insider trading scheme.

Source: Reuters

Dean Foods ex-chairman, pro gambler charged with insider trading

May 19- U.S. prosecutors on Thursday accused a former chairman of Dean Foods Co and a Las Vegas gambler of insider trading in a years-long scheme that allegedly generated tens of millions of dollars of illegal profits. Thomas Davis, the former Dean Foods chairman, and William "Billy" Walters each face securities fraud, wire fraud and conspiracy charges.

Source: Reuters

Insider trading charge against former Dean Foods chairman

U.S. Attorney Preet Bharara to announce insider trading charges against Thomas Davis and well-known Las Vegas gambler Billy Walters. The case alleges inside information was given about the 2013 spinoff of Whitewave Foods.

Source: CNBC.com

UPDATE 1-Self storage REIT Sovran to buy LifeStorage for about $1.3 bln

May 19- Real estate investment trust Sovran Self Storage Inc said it had agreed to buy privately owned self storage operator LifeStorage LP for about $1.3 billion in cash to enter markets including northern California, Las Vegas and Nevada. Wells Fargo Securities LLC and SunTrust Robinson Humphrey are Sovran's financial advisers for the deal, while Phillips...

Source: Reuters

Pondering the store's future in an age of web buying

They included executives from traditional retailers like Wal-Mart Stores Inc. and e-commerce upstarts that are disrupting the industry with names like Bonobos and Stitch Fix, both of which offer personalized services for clothing. They came together this week as the health of the retail sector and the future of shopping is under the spotlight in the wake of...

Source: The Associated Press