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☆ Some new offices are mini towns with their own restaurants, doctor offices, and hotels. Workers actually want to go.
▼ + stars: | 2023-04-13 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +9 min

The idea is getting replicated from the Bell Labs location, or Bell Works New Jersey, Keating said. The spaces run by Bell Works' own coworking brand, CoLab, are nearly 100% occupied. At Bell Works New Jersey, Zucker partnered with Toll Brothers to build a 185-home 55-and-over community. At BRIC, tenants can take advantage of a dozen art galleries, some of which show the work of building tenants. A lobby area near offices at Bell Works Chicagoland.

☆ National CineMedia Files for Bankruptcy as Latest Casualty of Cinema Slump
▼ + stars: | 2023-04-12 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

National CineMedia LLC, the largest movie-theater advertisement business in North America, filed for bankruptcy Tuesday after facing years of challenges from reduced attendance at cinemas due to the Covid-19 pandemic coupled with the growing competitive threat posed by streaming. NCM LLC filed its chapter 11 petition in the U.S. Bankruptcy Court in Houston with a prearranged agreement with lenders to trade roughly $1 billion in debt for full ownership of the business, the main operating entity of publicly traded parent company...

NEW YORK, April 11 (Reuters) - Private equity firm KKR & Co Inc (KKR.N) has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion. As part of the deal, KKR will buy up a 30% stake from senior employees at FGS Global and its largest investors, including London-based advertising giant WPP Plc (WPP.L). WPP, which was founded by Martin Sorrell, will retain a majority stake in FGS Global. Existing investor Golden Gate Capital is selling its entire stake to KKR, which is investing in FGS Global through its $8-billion European Fund VI. FGS Global currently employs more than 1,200 people across 27 offices globally.

☆ McKinsey Winding Down Firm’s Bankruptcy Practice
▼ + stars: | 2023-04-04 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Consulting firm McKinsey & Co. is winding down its bankruptcy practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar with the matter said. Some McKinsey partners who had previously focused on bankruptcy advisory work in the firm’s recovery and transformation services, or RTS, division have either been leaving the firm or pivoting to other kinds of work, the people said.

☆ McKinsey Is Shutting Down Its Restructuring Business
▼ + stars: | 2023-04-04 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Consulting firm McKinsey & Co. is shutting down its corporate-restructuring practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar with the matter said. McKinsey has announced internally that its restructuring division would close, the people said. The consulting firm laid off some partners in its restructuring unit, called McKinsey RTS, while others are being absorbed into other practices, they said.

☆ Map shows how Russia's border with NATO more than doubles with Finland as a member
▼ + stars: | 2023-04-04 | by ( Sinéad Baker | Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

Finland officially became a member of the NATO military alliance on Tuesday. Finland has an 830-mile border with Russia, meaning Russia's border with NATO more than doubles. Finland's presence in the alliance more than doubles the border between NATO countries and Russia. The increase in public and political support in Finland for joining NATO came after Russia's invasion of Ukraine in February 2022. He added: "In the event that the forces and resources of other NATO members are deployed in Finland, we will take additional steps to reliably ensure Russia's military security."

☆ Ukraine battles on in Bakhmut as Finland joins NATO
▼ + stars: | 2023-04-04 | by ( Pavel Polityuk | ) www.reuters.com time to read: +5 min

[1/2] An Ukrainian serviceman sits atop an infantry fighting vehicle (IFV), amid Russia's invasion of Ukraine, near the bombed-out eastern city of Bakhmut, in the eastern Donetsk region, Ukraine, April 2, 2023. "From a legal point of view, Bakhmut has been taken," said Prigozhin, who has previously made premature claims. "Bakhmut is Ukrainian and they have not captured anything and are very far from doing that," Serhiy Cherevatyi, spokesperson for the eastern military command, told Reuters. Western pressure on Russia may increase with Finland, which shares a 1,300-km (810-mile) border with Russia, joining NATO on Tuesday. "In the event that the forces and resources of other NATO members are deployed in Finland, we will take additional steps to reliably ensure Russia's military security," he told RIA.

☆ Russia claims its journalists are under attack and facing 'witch hunts' just days after arresting an American reporter
▼ + stars: | 2023-04-03 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Russia said its journalists face attacks and "witch hunts" after the death of blogger Vladlen Tatarsky. The claims come days after Russia arrested WSJ reporter Evan Gershkovich for alleged espionage. The comments follow abuse of journalists in Russia and come just days after the widely-condemned arrest by Russian authorities of Wall Street Journal reporter Evan Gershkovich for alleged espionage. In her comments on Tatarsky's death, Zakharova also assessed the international reputation of Russian journalists, making broad claims about the discrimination they face that ignore Russian actions at home. These criticisms of how Russia's journalists are treated sharply contrast with the treatment of journalists in Russia, where reporters have been killed or jailed.

☆ Russia says it will beef up military in northwest as Finland joins NATO - RIA
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

April 3 (Reuters) - Russia will strengthen its military capacity in its western and northwestern regions in response to Finland's expected accession to NATO on Tuesday, Russian Deputy Foreign Minister Alexander Grushko said, state-owned news agency RIA reported. Finland and Sweden applied to join NATO last year after Russia invaded Ukraine. Finland has a 1,300-km (810-mile) border with Russia that will roughly double the transatlantic alliance's frontier facing Moscow. Russian Defence Minister Sergei Shoigu said last year that Russia was taking "adequate countermeasures" and would form 12 units and divisions in its western military district. Grushko told RIA: "We will strengthen our military potential in the western and northwestern direction.

☆ Russia complains its journalists are under attack and facing 'witch hunts' just days after arresting an American reporter
▼ + stars: | 2023-04-03 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

"Tomorrow we will welcome Finland as the 31st member of NATO making Finland safer and our alliance stronger," NATO Secretary-General Jens Stoltenberg told reporters in Brussels, hailing the move as "historic". Russia's invasion of Ukraine in February last year pushed Finland and its neighbour Sweden to apply for NATO membership, abandoning decades of military non-alignment. [1/2] NATO Secretary-General Jens Stoltenberg attends a news conference before a meeting of NATO foreign ministers in Brussels, Belgium April 3, 2023. REUTERS/Johanna Geron 1 2"President Putin went to war against Ukraine with the clear aim to get less NATO," Stoltenberg said. Stoltenberg pledged to work hard to get Sweden into NATO as soon as possible.

☆ Bed Bath & Beyond Terminates Hudson Bay Deal, Turns to Market To Raise $300 Million
▼ + stars: | 2023-03-30 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

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☆ Bed Bath & Beyond Ends Hudson Bay Deal, Turns to Market for $300 Million to Avoid Bankruptcy
▼ + stars: | 2023-03-30 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond Inc. said it will try to sell up to $300 million of common stock in the open market while terminating a fundraising deal with hedge fund Hudson Bay Capital Management LP in the latest effort by the troubled home-goods retailer to stave off bankruptcy. The Union, N.J.-based company broke off its equity-raising deal with Hudson Bay after reporting another sharp drop in sales in the most recent quarter. Bed Bath & Beyond also said that if its public offering fails to come through, the company expects to file for bankruptcy protection, likely wiping out holders of its common stock.

☆ What did Putin say on tactical nuclear weapons and Belarus?
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, March 25 (Reuters) - President Vladimir Putin said on Saturday that Russia has struck a deal with neighbouring Belarus to station tactical nuclear weapons on its territory. Even outside the context of these events, this statement, Alexander Grigoryevich Lukashenko has long been raising the question of the deployment of Russian tactical nuclear weapons on the territory of Belarus." They have long ago deployed their tactical nuclear weapons on the territory of their allied countries, NATO countries, in Europe, in six states. From April 3 we will start training the crew and on July 1 we will finish the construction of a special storage facility for tactical nuclear weapons on the territory of Belarus." This is exactly what Alexander Grigoryevich (Lukashenko) has asked for."

☆ Office space pessimism appears overblown, says Piper Sandler's Alexander Goldfarb
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOffice space pessimism appears overblown, says Piper Sandler's Alexander GoldfarbAlexander Goldfarb, managing director and senior REIT analyst at Piper Sandler, joins "The Exchange" to discuss why the so-called death of offices appears overblown.

☆ Bed Bath & Beyond Stock Falls 21%, Complicating Further Fundraising
▼ + stars: | 2023-03-20 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond Inc.’s shares fell 21% Monday after the retailer disclosed substantial dilution from a recent equity deal, potentially preventing it from raising more money from a crucial investor, hedge fund Hudson Bay Capital Management LP. The home-goods retailer’s stock closed at 81 cents Monday, after it said Friday that the number of its common shares had nearly tripled to at least 335 million as of March 15 from 117 million as of late January.

☆ Ukraine war live updates: Russia extends grain export deal for 60 days; Bakhmut fighting 'hard' and 'very painful,' Kyiv says
▼ + stars: | 2023-03-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

A vital grain export deal between Ukraine and Russia has been extended for 60 days, according to Russia's deputy foreign minister, who was quoted by a Russian news agency. The deal, known officially as the Black Sea Grain Initiative, has facilitated the export of agricultural products, such as wheat, corn and sunflower oil, from Ukraine via the Black Sea. Early on in the war a blockade on such exports contributed to global food shortages and rising prices. The grain initiative, brokered by Turkey and the United Nations last July, has enabled millions of tons of agricultural products to be exported from Ukraine, alleviating shortages elsewhere. Moscow has complained that international sanctions on its logistics, insurance and payments industries have continued to impede its own agricultural exports of grain and fertilizers.

☆ Marian Croak, who has 200 patents to her name including the technology behind Zoom, became one of the first Black women to be inducted into the Inventors Hall of Fame
▼ + stars: | 2023-03-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +4 min

Marian Croak became one of the first two Black women to be inducted into the Inventors Hall of Fame. Her innovations in internet technology have enabled remote work, text donations, and voting for American Idol. Last year, she was inducted into the National Inventors Hall of Fame — among the highest honors for inventors, including Thomas Edison, Alexander Graham Bell, and the Wright brothers. Croak became one of first two Black women to receive that honor, alongside the late Patricia Bath, an ophthalmologist who created a device used during surgery to easily remove cataracts. As one of the first-ever Black women to be inducted into the National Inventors Hall of Fame, Croak recognizes the importance of diversity in a historically homogenous industry.

The fortunes of MLB players are tied to team revenues, and players are closely watching any changes to sports TV. Two of the largest regional sports broadcasters in the U.S. are on the verge of unraveling, an event that is expected to alter how professional teams are funded and how fans tune in to the games. Diamond Sports Group LLC , which carries the games of more than 40 major sports teams across the country on its Bally Sports-branded networks, is expected to file for bankruptcy in coming weeks, which people involved expect to lead to a renegotiation of rights fees—a significant part of teams’ revenue.

☆ Troubled Jones set to make new bid for UFC greatness
▼ + stars: | 2023-03-03 | by ( Philip O'Connor | ) www.reuters.com time to read: +2 min

"I'm ready to dominate, but if I don't dominate and the fight goes five rounds, I'm ready to press forward, I'm ready for a dog fight,” Jones told a media conference ahead of his return at the T-Mobile Arena on Saturday night. "I'm ready to bleed and sweat and leave my heart out there. I'm ready for however it goes. Australia's featherweight champ Alexander Volkanovski was unsuccessful in his recent bid to add the lightweight crown, but Jones is looking beyond him and all others. "He (Volkanovski) is refreshing, he speaks well, his country loves him, he represents the sport well," Jones said when the comparison was put to him.

☆ Toronto-Dominion to Pay $1.2 Billion to Settle R. Allen Stanford Ponzi Litigation
▼ + stars: | 2023-02-27 | by ( Alexander Gladstone | Adriano Marchese | ) www.wsj.com time to read: 1 min

☆ Explainer: A year into Ukraine war, how has China stood by 'no limits' partner Russia?
▼ + stars: | 2023-02-21 | by ( Laurie Chen | ) www.reuters.com time to read: +5 min

Here are the implications for China as the war approaches its one-year anniversary on Feb. 24. While China has repeatedly called for peace, President Xi Jinping has stood by his Russian counterpart Vladimir Putin, resisting Western pressure to isolate Moscow. China has sought to avoid providing support to Russia that would invite sanctions upon itself, including refraining from providing weapons. Beijing has repeatedly opposed any linkage between the Ukraine war and its intentions to "reunify" with the self-ruled island that it claims as its territory. "The result and the cost of the war show the Chinese that an invasion is Taiwan may not be prudent," said Sun.

Bed Bath & Beyond’s storied brand and the passionate interest of individual investors helped the retailer secure a lifeline. Sue Gove wanted to keep Bed Bath & Beyond Inc. out of bankruptcy. Few believed it was possible. Alarmed by the retailer’s deteriorating finances, banks in January had cut off their credit lines and pushed for the company to start a liquidation, including selling off inventory, to repay their loans, said people familiar with the matter.

☆ Working from home days equal 20% hit to NYC's midtown GDP, says top REIT analyst
▼ + stars: | 2023-02-13 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorking from home days equal 20% hit to NYC's midtown GDP, says top REIT analystAlexander Goldfarb of Piper Sandler on whether there's a short on NYC-focused REITs. With CNBC's Melissa Lee and the Fast Money traders, Dan Nathan, Karen Finerman, Guy Adami and Steve Grasso.

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