Kushners Give Up Control of Manhattan Tower to Save Themselves

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The Kushners have found their out — and it comes at a price. The family firm of presidential son-in-law Jared Kushner will be relieved of the biggest drag on its real estate empire, will no longer face a $1.2 billion debt payment due in months, will be rid of having to overhaul an aging property. […]

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Kushners Unload 666 Fifth Ave. to Brookfield in 99-Year Lease

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The Kushner family’s real estate company has secured a crucial investment in its over-leveraged New York skyscraper, reaching a deal to lease the building’s office space for 99 years to a Canadian asset manager. The arrangement with disclosed. The Kushner family’s years-long hunt for a partner has at times drawn intense public scrutiny, as talks […]

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Tesla Is Cutting About 9% of Workers on Musk’s Profitability Push

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Elon Musk has finally been forced to rethink his vaulting ambitions for for months: Tesla has reached a pivotal moment. After misjudging how quickly the carmaker would be able to mass-manufacture an electric vehicle for the first time, the chief executive officer is pumping the brakes from years of hiring at breakneck speed. Difficult, but […]

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Wells Fargo Is the Go-To Bank for Gunmakers and the NRA

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Wells Fargo & Co. has emerged as the preferred financier for the U.S. gun industry. The bank has helped two of the biggest U.S. firearm and ammunition companies access $431.1 million in loans and bonds since December 2012, when the gun control debate gained steam after the school shooting in Newtown, Connecticut, according to data compiled […]

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Survival Mode Defines Puerto Rico One Month After Maria

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A month after Hurricane Maria leaving for the mainland. At this stage in the recovery from the Category 4 storm, many find the current state of the U.S. commonwealth — home to some 3.4 million American citizens — unthinkable. “I just haven’t seen a situation where people don’t have access to basic services for so […]

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