The Manhattan office tower that housed the New York Times for nine decades can now be found hosting social-media executives zipping around its empty floors on Razor scooters or trying out a set of ping-pong tables.
The Dow Jones Industrial Average dropped for a sixth straight day, the longest losing streak since August, as Greece’s political impasse intensified concern about a worsening of the European sovereign-debt crisis.
Investors seeking to avoid losses are better off spreading around their money than buying assets that are supposed to protect against the risk of highly unusual events, according to Richard Bernstein, chief executive officer of an investment firm bearing his name.
Whether the U.S. economy falls into a recession or expands more slowly matters little when it comes to stock-market strategy, according to Richard Bernstein, chief executive officer of Richard Bernstein Advisors LLC.
JJB Sports Plc investor Richard Bernstein demanded a seat on the sporting-goods retailer’s board in exchange for supporting the sale of as much as 50 million pounds ($78.9 million) of new shares, the Sunday Times reported.
U.S. stocks advanced, rebounding from a two-day drop in the Standard & Poor’s 500 Index, as the Federal Reserve said economic growth strengthened and it is prepared to take action if needed to safeguard the recovery.