Berggruen Holdings Ltd., the investment company that’s bidding for Germany’s Karstadt, wants the landlords of the insolvent department store chain to cut rents to aid the retailer’s long-term survival.
Cory Booker strides to the lectern at a June reception honoring hedge-fund founder Bill Ackman. Pershing Square Foundation, Ackman’s philanthropic organization, had pledged more than $25 million since 2007 to help Booker’s poverty-wracked Newark, New Jersey, improve schooling, enhance parks and find jobs for ex-convicts.
Newark, where Cory Booker scored Wall Street largesse and Twitter-feed fame, is poised for a fresh start under a new mayor, a son of the 1970s black-culture movement who’s not so eager for national attention.
Metro AG said it’s discussing the sale of its Kaufhof department-store chain with both Signa Holding GmbH, an Austrian real-estate company backed by Greek billionaire George Economou, and the owner of rival Karstadt.
Platform Specialty Products Corp., a chemicals company co-founded by billionaire Nicolas Berggruen and backed by hedge fund manager Bill Ackman, agreed to buy Chemtura Corp.’s agrochemicals business for about $1 billion.
Billionaire Nicolas Berggruen wants to talk about economic and political governance at the World Economic Forum’s annual meeting in Davos, Switzerland, this week. If only the more than 2,500 business and political leaders attending would put down their BlackBerrys.
Republican Governor Chris Christie’s call for an October special election in New Jersey to fill the rest of the late U.S. Senator Frank Lautenberg’s term promises to thrust Newark Mayor Cory Booker into a draining Democratic primary.