Cargill makes another investment in fast-growing wellness sector
Cargill Inc. is furthering its push into functional human and animal health with two investments aimed at gaining a leg up in this fast-growing wellness space.The Minnetonka, Minn.-based agribusiness announced last week a “significant investment” in a venture capital fund of Seventure Partners that focuses solely on cutting-edge companies in nutrition, digestive and immune health.It’s the latest in a series of strategic investments or acquisitions in the health and wellness space that have been lumped together under Cargill’s newly formed health technologies business.As a large developer and p...
Star Tribune (Minneapolis)
Steve Cohen's purchase of the Mets could close Friday: source
The Mets’ financial clout could drastically change as soon as this weekend.Those involved with Steve Cohen’s purchase of the Mets hope the deal will officially close Friday, according to a person familiar with the situation.If not, the sale will be finalized by early next week.Cohen confirmed the Daily News’ reporting through a tweet to a Mets fan on his Twitter account, with a teaser on when he might be in front of a camera speaking as the Mets owner for the first time.“I’m aiming for next Tues,” Cohen said on when to expect an introductory press conference, “if we can close the purchase tomo...
New York Daily News
Mall-owner PREIT to file for bankruptcy in restructuring bid amid COVID headwinds
PREIT, the troubled owner of malls throughout the region including Center City’s Fashion District Philadelphia, filed for Chapter 11 bankruptcy Sunday in what it describes as a “prepackaged” restructuring plan aimed at unlocking $150 million in new borrowing.PREIT, whose initials stand for Pennsylvania Real Estate Investment Trust, said in a news release that it will continue operations without interruption while it obtains necessary approvals for the plan.The Chapter 11 petition comes about two weeks after the company first outlined the restructuring plan, saying it aimed to avoid a bankruptc...
The Philadelphia Inquirer
'The Nest' review: a marriage story from the Greed Is Good era, fiercely acted by Carrie Coon and Jude Law
A tightly clenched marriage story, writer-director Sean Durkin’s “The Nest” takes place at the height of the mid-1980s, a year or two before Gordon Gekko and Oliver Stone made unscrupulous capitalism so damnably aspirational in “Wall Street.”Durkin’s second feature is not primarily concerned with deregulated excess or financial matters, however. “The Nest” is more about the dangerous facades and thin ice of so many family relationships. The troubled air of Durkin’s previous feature, the eerily effective cult drama “Martha Marcy May Marlene,” has something in common with the air in this one.Whe...
Mets announce they are selling team to Steve Cohen, hedge-fund billionaire to own 95% of franchise
NEW YORK — Steve Cohen’s decade-long pursuit of the Mets is over. He’s liberated the team from the Wilpons.“I am excited to have reached an agreement with the Wilpon and Katz families to purchase the New York Mets,” Cohen said in a statement.The hedge fund billionaire, soon to be MLB’s richest owner, will reportedly own 95% of the team, with the Wilpon and Katz families owning the remaining 5%.The deal values the Mets at $2.475 billion. Cohen still needs to get approval from 23 of the 30 MLB owners in order to take over the team; that could happen as soon as November. He’s expected to get thos...
New York Daily News
Records of billionaire hedge fund manager, wife subpoenaed in ongoing Jeffrey Epstein probe
MIAMI — The attorney general of the U.S. Virgin Islands has issued subpoenas for testimony from several former financial and business associates of disgraced financier Jeffrey Epstein, court documents made public Tuesday show.The subpoenas were actually filed Sept. 3 but made public Tuesday in a civil racketeering investigation led by Attorney General Denise George. The targets include billionaire hedge fund manager Glenn Dubin, his former company Highbridge Capital Corporation and his wife Eva Andersson-Dubin, a physician who is a former Miss Sweden and former Epstein girlfriend.Epstein and D...
'Should I buy ammo?' Financial planners field difficult questions during pandemic, election
If clients of financial planners are a barometer, people are worried about the future. “I’ve gotten the question a couple times, ‘Colby, should I stock up on weapons and ammunition?’ ” said Colby Winslow, a personal wealth manager with Creative Planning in Orlando, Fla.Throughout the coronavirus pandemic, financial planners have been getting some tough questions from very troubled clients.“There’s a raw emotion that has been brought to the forefront because of this pandemic that’s not going away,” said John West of Spraker Wealth Management. “It has caused more candid conversations with people...
Electrostatic spray guns and germ zappers may be coming to a hotel near you
Measures to contain the spread of the coronavirus continue to shift — and so do responses by investors, developers, builders, banks and buyers. To track the impact, we spoke to Ezra Katz, CEO and founder of the Coconut Grove, Fla.-based investment firm Aztec.In 1994, Katz established Mayan Properties, a real estate investment merchant bank and asset management team that invests in existing projects nationwide, including Berkowitz Development Group’s Aventura Commons Shopping Center and TPG’s Marriott Fort Lauderdale North. Mayan has invested in over 60 hotels and continues to hold ownership in...