Obama to open middle-class jobs, opportunity tour Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
Top Editors Abruptly Leave Village Voice Will Bourne, who became editor in chief of The Village Voice in November, and Jessica Lustig, the deputy editor since January, are leaving the weekly publication. They met with the staff at 11 a.m. on Thursday and said that Christine Brennan, executive editor of Voice Media Group, had instructed them to lay off or drastically reduce the roles of five employees on the 20-person staff. More
Most Visited Cities In The World 2012 In the MasterCard Global Destination Cities Index, London leads the world as both the most popular destination city for overseas travelers, and in the average amount each visitor spends. Whether drawn by business or as tourists, London's visitors from New York are the ones that travel the furthest and spend the most. More
The New York Times Company Reports a Drop in Profit While advertising continued to fall, The New York Times Company, which is repositioning itself for a digital age, said circulation revenue rose 6.5 percent in the first quarter. More
Real estate investment firm Real Capital Solutions acquired the Belleview Tower, a 12-story office building, for $20 million, according to a Tuesday news release.
With over 200,000 square feet, 7887 East Belleview Ave. in Denver’s Tech Center, the office building is 75% leased and was acquired for less than 50% of its 2019 sale price.
“Belleview Tower represents an exceptional opportunity to acquire a premier office property in a high-demand location at a fraction of its previous valuation,” said RCS Chairman, CEO and founder Marcel Arsenault.
According to the news release, the firm will also continue upgrading the property’s amenities, including improvements to the fitness center and common areas.
The Tesla Cybertruck after it exploded outside the Trump International Hotel Las Vegas on Wednesday. Alcides Antunes/ReutersAuthorities believe they've identified the driver of the Tesla Cybertruck that exploded outside a Trump hotel. Matthew Alan Livelsberger, 37, of Colorado Springs, was likely the person who died in the blast. Livelsberger had been an active-duty Army service member for nearly two decades, the US Army told BI.
Ryan Tolkin is the CEO and chief investment officer of Schonfeld Strategic Advisors. SchonfeldAmong the multimanagers, $12 billion Schonfeld led the way in 2024. The firm bounced back from a tumultuous 2023 to return close to 20% last year. Its multistrategy peers ended with double-digit returns but didn't match the S&P 500's 23% gain.
Reese Witherspoon. Jon Kopaloff/Getty ImagesSome celebrity-led production companies struggled in 2024 as Hollywood cut spending. Investments by firms like Blackstone and RedBird were hampered by market shifts. Despite headwinds, companies like LuckyChap could thrive by diversifying beyond their famous founders.2024 was a bad year for the TV and film business — and was particularly hard for a set of celebrity-backed production companies that previously raised large amounts of capital at eye-popping valuations.
One top Republican senator says that "lives depend" on getting Trump's national security nominees confirmed quickly. Rebecca Noble/Getty ImagesRepublicans are pushing for swift confirmation of Trump's national security nominees. They say it's even more necessary after this week's deadly New Orleans attack. Some of those nominees are among Trump's most controversial picks.