Lou Dobbs Brews Up Bizarre New Theory About Justice Department’s Independence

Lou Dobbs mocked thousands of former Justice Department officials for signing a letter calling for Attorney General William Barr’s resignation over the botched sentencing recommendation for Roger Stone, claiming that the idea the department should be independent from the president is “idiotic.” On Monday’s “Lou Dobbs Tonight,” the Fox Business host built upon an argument he pushed last week that the […]

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Scentre Group FY19 FFO Rises – Quick Facts

Scentre Group (STGPF.PK, SCG.AX), the owner and operator of Westfield shopping centres in Australia and New Zealand, reported Tuesday that its funds from operations or FFO for year ended 31 December 2019 was A$1.345 billion, up 0.4 percent from A$1.339 billion in the prior year, and in line with the company’s forecast. On a per security basis, FFO rose 0.7 […]

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Windfall for Wesfarmers as it sells $1.1b worth of Coles shares

Perth-based retailing conglomerate Wesfarmers has parted with $1.1 billion worth of shares in supermarket giant Coles, telling investors on Tuesday afternoon it had shaved its shareholding in the retailer by 4.9 per cent. Wesfarmers, which formerly owned Coles after demerging the company in November 2018, was the company's largest shareholder with a 15 per cent stake. It had been widely […]

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Self storage, office lift Abacus’ earnings

An uptick in self storage metrics has rewarded Abacus Property Group's concerted effort to pivot its portfolio towards the sector, helping it report a half-year increase in funds from operations and distributions. Abacus, under managing director Steven Sewell, has nearly completed its pre-stated aim of transforming from a diversified property player into a specialist owner and manager of offices and […]

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HSBC FY19 Profit Down, Revenues Up; To Suspend Share Buy-backs For 2020 And 2021

Asia-focused lender HSBC Holdings Plc (HSBC,HSBA.L) reported Tuesday that its fiscal 2019 profit attributable to the ordinary shareholders of the parent plunged 53 percent to $5.97 billion from last year’s $12.61 billion. Earnings per share fell to $0.30 from $0.63 a year ago. The latest results were impacted by a goodwill impairment of $7.3 billion. Reported profit before tax was […]

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Bolton Says He’s Worried Trump White House Could Suppress His Book

John Bolton, President Donald Trump’s former national security adviser, alluded Monday that he was worried the administration could try to bury details about his time in the White House as it reviews the manuscript for his highly anticipated memoir. “I hope it’s not suppressed,” Bolton reportedly said during a 90-minute appearance at Duke University. “This is an effort to write […]

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Gadgets for the Road

New York (CNN)It’s been a brutal year for data breaches and tech gadget hacks. Technology has unquestionably made life easier in many ways, but being connected to the internet opens up a whole host of concerns. Let’s recall the hacker from December 2018 who spoke through a Nest camera, threatening to kidnap a baby. Breaches like this typically stem from […]

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China’s Aviation Market Shrinks to Smaller Than Portugal’s

China’s aviation market, projected to overtake the U.S. this decade and become the world’s biggest, has shrunk to such an extent due to the coronavirus outbreak that it’s fallen from third to 25th, behind Portugal. Airlines have slashed capacity because of the epidemic centered in Hubei province, leaving the industry reeling. About 1.7 million seats — almost 80% of capacity […]

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Fully fledged takeover target: National Storage reveals third bid

A three-way takeover tussle for control of National Storage REIT is heating up after the self-storage property manager confirmed it has opened its books to US private equity firm Warburg Pincus. Andrew Catsoulis’ National Storage REIT is in the middle of a takeover tussle.Credit:AFR National Storage said on Tuesday it had received an unsolicited non-binding proposal from Warburg Pincus for […]

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Scentre Group to focus on $1.5b alternate developments

Retail landlord Scentre Group will look to a range of new, alternate-use projects valued at $1.5 billion at a number of its malls to offer more services as part of its experience-based Westfield Living Centres. As the owner and manager of the Westfield centres across Australia and New Zealand, it owns the lion's share of large malls and has identified […]

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