Manhattan’s Fifth Avenue Mired in $200 Million Retail Rent Fight

Desy Papper

Photographer: Amir Hamja/Bloomberg

Not long ago, major fashion brands were willing to pay ballooning rents just to have a store on Manhattan’s Fifth Avenue. Now the world-famous shopping strip has transformed into a battleground between landlords and tenants seeking a way out of pricey leases.

It’s a side effect of the pandemic that’s plagued New York for more than a year. The foreign tourists who were Fifth Avenue’s lifeblood before the lockdown are gone. So, for the most part, are the office workers who might have stopped at a store while

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Organic Garage Commences Trading on OTCQX Market Under Ticker OGGFF

Desy Papper

TORONTO–(BUSINESS WIRE)–Organic Garage Ltd. (“Organic Garage” or the “Company”) (TSXV: OG; FRA: 9CW1; OTCQX: OGGFF), is pleased to announce that effective March 31, 2021, it will graduate from the Pink Market and commence trading on the OTCQX Best Market (“OTCQX”) under the symbol “OGGFF”.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for

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Eager to Build Infrastructure, Biden Plans to Tax Business | Washington, D.C. News

Desy Papper

By JOSH BOAK and LISA MASCARO, Associated Press

WASHINGTON (AP) — President Joe Biden wants $2 trillion to reengineer America’s infrastructure and expects the nation’s corporations to pay for it.

The president travels to Pittsburgh on Wednesday to unveil what would be a hard-hatted transformation of the U.S. economy as grand in scale as the New Deal or Great Society programs that shaped the 20th century.

White House officials say the spending over eight years would generate millions of new jobs as the country shifts away from fossil fuels and combats the perils of climate change. It is also an

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How to Fix SPACs – The New York Times

Desy Papper

Lynn E. Turner, a former chief accountant for the Securities and Exchange Commission, called the proposed fix “an excellent idea.” Because sponsors are the ones advertising “here’s what we’re going to do in this time period,” he said, “they should be locked into that.”

Mr. Palihapitiya was less enthusiastic.

“This isn’t a very good idea,” he told me. “Why would a sponsor agree to a five-year lockup when management wouldn’t, nor would other investors including PIPE investors?” (At the time of the deal, institutional investors are often invited to buy shares with favorable terms through what’s called a private investment

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Identiv Awarded Schreiner Group “Supplier of the Year” for Secure IoT Medical Device Authentication and Anti-Counterfeiting RFID Inlays

Desy Papper

This year marks the ninth time Schreiner Group has recognized their best supplier in terms of on-time delivery, quality, pricing, and customer service. It is also the first time a supplier of radio-frequency identification (RFID) devices received the honor. The acknowledgment is attributed to Identiv’s high compliance score: the company earned 95 out of 100 points and is rated an “A” supplier, joining well-known prior recipients like 3M and FLEXcon. It is a particularly notable achievement in a year dominated by widespread disruptions in logistics and supply chain paired with an unforecasted high demand for authentication products.

The two companies

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