Year: 2020

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Under the original agreement announced in February, Taubman shareholders were to receive $52.50 per share in cash. The revised agreement continues to provide that Simon will acquire an 80% ownership in The Taubman Realty Group (TRG) Ltd Partnership, they said. The Taubman family will sell about one-third of its ownership interest at the transaction price and continue to hold a 20% stake in TRG, the companies added. …read more […]

(Bloomberg) — Simon Property Group Inc. has reached a deal to buy rival mall owner Taubman Centers Inc. at a lower price than the companies agreed to in February.The companies agreed to a modified deal that would see Simon Property pay $43 in cash for each Taubman Centers share, down from the original offer of $52.20 a share for Taubman made just before the coronavirus started sweeping across the U.S.Under the terms of the revised deal, Taubman won’t declare or pay a dividend on its common stock prior to March 1, 2021, and then, only subject to certain limitations and …read more […]

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Stock futures ticked up Sunday evening as investors at least temporarily shook off concerns over the spread of the coronavirus, even as a growing number of cities and states imposed more restrictions to try and bring the pandemic under control in the U.S. …read more […]

(Bloomberg Opinion) — China’s next move to open up its commodities markets may be a step change.As of Thursday, overseas investors will be able to trade copper futures on the Shanghai International Energy Exchange. It’s not the first such product: A yuan-denominated crude oil contract, launched in March 2018, has been modestly successful. A subsequent push to let foreigners trade iron ore in Dalian established a global benchmark. Copper could outshine these efforts, thanks to fortuitous timing, global appetite for an economic bellwether and the sheer clout of the world’s largest consumer.The ambition is clear. Beijing wants increased pricing power …read more […]

Journal Editorial Report: The week’s best and worst from Kim Strassel, Jason Riley and Dan Henninger. Images: Reuters/AFP/Getty Images Composite: Mark Kelly …read more […]

Journal Editorial Report: Some progressives deploy social media to ostracize Republicans. Image: Tom Williams/Zuma Press …read more […]

(Bloomberg) — Asian stocks looked poised to gain amid positive sentiment on trade in the region and after a national U.S. lockdown was ruled out. The yen dipped.Asia Pacific nations including China, Japan and South Korea on Sunday signed the world’s largest regional free-trade agreement. Meanwhile, advisers to President-elect Joe Biden said they opposed a nationwide U.S. lockdown despite the pandemic accelerating, favoring targeted local measures instead.On Friday, both the S&P 500 and the Russell 2000 Index of small caps rallied to all-time highs. The tech-heavy Nasdaq 100 underperformed amid the rotation to economically sensitive industries. Ten-year Treasury yields ended …read more […]

Journal Editorial Report: Nancy Pelosi’s members and history put the Speaker under pressure. Image: Samuel Corum/Getty Images …read more […]

Journal Editorial Report: The Georgia result will be a political watershed. Image: Brendan Smialowski/Pool/AFP via Getty Images …read more […]

The guru is sending a clear message with his asset allocation strategy …read more […]

House Speaker Nancy Pelosi says the virus is at “red alert.” Can leaders get a deal? …read more […]

(Bloomberg) — Two of President-elect Joe Biden’s coronavirus advisers said they favor targeted local measures to stem the pandemic and oppose a nationwide U.S. lockdown as too blunt.Vivek Murthy, a former U.S. surgeon general who’s one of Biden’s top three advisers on the virus, said that based on what the nation has learned about Covid-19 since the spring, the preferred approach to fighting it is “a dial that we turn up and down, depending on severity.”“If we just lock down the entire country without targeting our efforts, then we are going to exacerbate the ‘pandemic fatigue’ people are feeling, you’re …read more […]

After years of rumors and anticipation, Microsoft (MSFT) and Sony (SNE) have officially launched their latest next-generation consoles. But which one should you buy? …read more […]