Recent Posts

Facebook pulls 810 US accounts, pages spreading fake news

Bloomberg Facebook Inc said it removed 559 pages and 251 accounts that were coordinating the spread of misinformation and spam in the US — and most originated from within the country. The social network, which has been under fire for facilitating foreign interference in US politics, has found that domestic actors have also been creating fake pages and accounts to ...

Read More »

US consumer sentiment eased in October: Report

Bloomberg US consumer sentiment unexpectedly dipped in October to a still-elevated level amid slightly dimmer views of personal finances and the long-term economic outlook, a University of Michigan report showed. This week’s sharp drop in US stocks overlapped with survey interviews by only one evening, “having virtually no influence on the early October data,” according to the report. The poll ...

Read More »

Sears liquidation would cost Seritage income

Bloomberg A Sears liquidation would cost its real estate spinoff 47 percent of its annual rent income, or about $84 million in cash flow, according to regulatory filings. Seritage Growth Properties, a real estate investment trust, was created in 2015 by Sears Chief Executive Officer Eddie Lampert to be the property owner and landlord for select locations of Sears and ...

Read More »
Send this to a friend