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Mauled mall stock Tanger deserves some love -Barron's

The 39 malls owned by Tanger Factory Oulet Centers, one of the U.S.’s largest outlet landlords, have flourished despite the so-called retail apocalypse, while shares have fallen more than 60 percent since the middle of 2016, weekly newspaper Barron’s said in its Dec. 2 edition. Concerns about profit growth have hurt the shares and things could get worse for Tanger before they get better if retail tenants continue to struggle and go out of business, according to Barron’s. Tanger shares closed on Friday at $15.22 in New York, which is less than seven times funds from operations, a …read more […]

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United States asks UK to extradite ex-Autonomy boss Lynch from UK

The United States has formally requested the extradition of Michael Lynch, the British tech billionaire who sold his company to Hewlett Packard (HP) in an ill-fated $11.1 billion deal, to face charges including securities fraud, wire fraud and conspiracy. The U.S. embassy in London submitted the extradition request on Nov. 21 for Lynch to stand trial in the United States, according to a court filing dated Dec. 1. …read more […]

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Box Office: 'Frozen 2' Sets Thanksgiving Record, 'Knives Out' Scores

Disney’s “Frozen 2” stuffed the box office competition during Thanksgiving, generating $85.2 million over the weekend and a record-setting $123.7 million over the five-day holiday frame. Like, “Frozen 2,” the “Hunger Games” sequel opened a week ahead of Thanksgiving. After two weekends in theaters, “Frozen 2” is nearing the $300 million mark in North America with ticket sales currently at a massive $287 million. …read more […]