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 standard real estate investment trust cash-flow metric, Barron's said....
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....
If you opened up a dictionary and looked under the word “wealthy,” you’d find a huge photo of country superstar Dolly Parton. It turns out, the singer, songwriter, actress, author, entrepreneur, and philanthropist has a net worth of $600 million, according to Celebrity Net Worth.After achieving success as a songwriter, the Tennessee native released her debut album Hello, I’m Dolly in 1967. Since then, she has become a country music legend, garnering countless Grammy Awards, American Music Awards, Country Music Awards and has sold more than 100 million albums as a solo artist.Her huge discography includes hits like “9 to 5,” “Jolene,” and “I Will Always Love You,” which Whitney Houston famously covered in The Bodyguard. Parton’s original version of the latter, released in 1974 following the end of her professional partnership with mentor Porter Wagoner, has brought in millions of dollars in sales. She wrote the song after telling Wagoner...
