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Prologis purchases Maspeth Queens radio station site for $51 million

Family Radio has used the Maspeth site for its radio towers, and the firm will continue to use it for that purpose as it moves its New York operations to a different location. It purchased the site in 2015 for about $5.1 million from Radio Disney, which had purchased it in 2007 for about $3.3 million from the New York Times Radio Co., records show.

Representatives for Family Radio did not respond to requests for comment.

The property is close to 18-51 Flushing Ave., an industrial property that Prologis bought in January from Frito-Lay for $37.6 million.

The logistic giants Maspeth purchase appears to be yet another sign of strength for industrial properties, the one sector of New York real estate that has held up fairly well during the Covid-19 pandemic. Leasing activity in the sector surged by more than 70% during the third quarter, and its availability

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U.S. aims to send out 6 million COVID-19 vaccine doses in coming weeks

Nov. 25 (UPI) — More than 6 million COVID-19 vaccine doses will be allocated to states and could begin distribution early next month, U.S. health officials say.

A Food and Drug Administration panel overseeing vaccines is set to meet in two weeks to consider granting emergency authorization to the potential vaccine under joint development by Pfizer and BioNTech — which has proven in clinical trials to be 95% effective.

“If all goes well, we could be distributing a vaccine soon after Dec. 10,” Health and Human Services Secretary Alex Azar told reporters Tuesday.

Azar said 6.4 million doses of the vaccine will be distributed to states and territories based on population size rather than the number of people in high-risk groups, as was recommended by government health experts.

“We wanted to keep this simple,” Azar said. “We thought it would be the fairest approach, and the most consistent.”

Once the

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What led Land Mobile Radio (LMR) System Market 2025 to mark 22370 Million USD with CAGR of 5.9 %

The MarketWatch News Department was not involved in the creation of this content.

Nov 25, 2020 (Market Insight Reports) —
Selbyville, Delaware. The report Land Mobile Radio (LMR) System Market Analysis and forecast 2025 maintains enhanced dynamics and is overshadowed by a top player across the globe. The research report provides Land Mobile Radio (LMR) System Market analysis and information corresponding to market segments such as geographies, product type, application, and end-use industry. Experts use the most recent Land Mobile Radio (LMR) System Market research techniques and tools to assemble widespread and precise marketing research reports. A detailed outline about Land Mobile Radio (LMR) System market size and share were combined in this report which gives a comprehensive analysis of different verticals of businesses.

The ratio of shares and breakdowns are defined using verified primary sources. The Land Mobile Radio (LMR) System Market forecast report could be a collection of

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$140 million in fraudulent unemployment claims made on behalf of thousands of California prison inmates, prosecutor says

At least 35,000 unemployment claims have been fraudulently made on behalf of prison inmates between March and August, costing the state $140 million in paid out benefits, California officials said Tuesday. The claims, which the Sacramento County district attorney called “one of the biggest fraud of taxpayer dollars in California history,” even included one in the name of convicted murderer Scott Peterson

In some cases, prosecutors were tipped off by listening in on recorded phone calls from prison as inmates bragged about how they were gaming the system to collect unemployment benefits.

Sacramento County District Attorney Anne Marie Schubert and other prosecutors said the problem was compounded by dysfunction at the California Employment Development Department, which they said does not check unemployment claims against a list of prison inmates, as many other states do.

“Quite frankly, the inmates are mocking us,” Schubert said.

The list includes Peterson, who was

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Barack Obama’s Memoir Sells Over 1.7 Million Copies in First Week

Barack Obama’s “A Promised Land” sold 1,710,443 units in its first week, publisher Penguin Random House announced on Tuesday.

The book, published through Penguin Random House’s Crown imprint, sold 887,000 units in all formats on its publishing date last Tuesday. The total numbers reflect sales across the United States and Canada.

The only Penguin Random House book that comes close to those launch date numbers is also an Obama memoir. “Becoming,” the memoir former first lady Michelle Obama released back in 2018, moved 725,000 by launch day and has since gone on to sell 10 million copies.

The publisher also noted Tuesday that the hefty memoir from the former president is doing well overseas. In the United Kingdom and Ireland, “A Promised Land” sold almost 150,000 units across all formats in its first five days of

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Obama memoir sells a record 1.7 million copies in first week

Former President Barack Obama’s “A Promised Land” sold more than 1.7 million copies in North America in its first week, roughly equal to the combined first week sales of memoirs by his two immediate predecessors and among the highest ever for a nonfiction book.

Crown announced Tuesday that it had increased its initial print run from 3.4 million copies to 4.3 million. Sales also include audio and digital books.

“A Promised Land,” the first of two planned volumes, was published Nov. 17 and sold nearly 890,000 copies just in its first day. Among former White House residents, only Obama’s wife Michelle approaches his popularity as a writer. Her “Becoming,” published in 2018, has sold more than 10 million copies worldwide and is currently in the top 20 on Amazon.com.

George W. Bush’s “Decision Points” sold 775,000 copies its first week and Bill Clinton’s “My Life” topped 1 million in eight

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Lil Baby Plans to Donate $1.5 Million He Made From “The Bigger Picture”

Lil Baby has been on a fruitful run, so it’s safe to say that he’s likely making money hand-over-fist. Still, the rapper isn’t interested in pocketing all of his profits. 

On Tuesday, Lil Baby revealed that he’s going to donate the $1.5 million he made from his single, “The Bigger Picture,” to an organization that focuses on helping the community. 

“I got 1.5 million dollars to donate off of “Bigger Picture “ I want the money to go we’re it’s needed,” Lil Baby tweeted before adding that he’s only interested in giving the money to a charity that needs it and will use it properly. “I don’t want to donate to just any organization but I will be letting my fans kno exactly we’re the money goes.”

2020 has been marred with traumatic public experiences. Along with a pandemic, people also had to watch several Black citizens harmed or murdered

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France’s Credit Agricole makes $875 million buyout offer for Italy’s Creval

PARIS/MILAN (Reuters) – France’s Credit Agricole offered to buy third-tier Italian lender Creval for 737 million euros ($875 million) on Monday, as a wave of consolidation sweeps Italy’s banking sector.

FILE PHOTO: A Credit Agricole sign is pictured on a building of the bank in Geneva November 26, 2014. REUTERS/Denis Balibouse

France’s No.2 bank had been considering expanding in Italy, its second biggest market, and both Creval and larger rival Banco BPM had been tipped as possible targets.

Credit Agricole Italia will pay 10.5 euros per Creval share, a 21.4% premium on Friday’s closing price. Shares in Creval jumped 23.7% slightly surpassing the offer’s price. Credit Agricole closed up 3.9%. Banco BPM declined 3.7%.

The buyout offer is expected to be launched by April and is subject to a two-thirds minimum acceptance threshold by Creval shareholders.

Intesa Sanpaolo’s surprise takeover of UBI earlier this year prompted rivals in Italy to

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Relativity Space closes $500 million for scaling 3D-printed rocket production

Relativity Space wants to use enormous 3D-printers to revolutionize the way rockets are built – and CEO Tim Ellis told CNBC that the company now has a “war chest” of capital to do so.

“We’re excited to announce a $500 million Series D funding round at a valuation above $2 billion from top tier blue chip investors,” Ellis said.

Tiger Global Management led the round, which was joined by fellow new Relativity investors Fidelity, Baillie Gifford, ICONIQ Capital, General Catalyst, XN Capital, Senator Investment Group and Elad Gil. Additionally, existing Relativity shareholders Bond Capital, Tribe Capital, K5 Global, 3L Capital, Playground Global, Allen & Company, Mark Cuban and Spencer Rascoff also participated in the round.

Relativity’s valuation climbed to $2.3 billion after this round, CNBC reported last week. That makes Relativity the second most valuable private space company in the world after SpaceX, according to Pitchbook. Notably, Pitchbook’s ranking does

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Cineworld Group Secures Lifeline With $450 Million Debt Facility

Beleaguered Regal cinema chain operator Cineworld Group has found a lifeline by securing a new debt facility of $450 million and the issue of equity warrants.

The company has agreed bank covenant waivers until June 2022 and has extended the maturity of its $111 million incremental revolving credit facility from Dec. 2020 to May 2024.

“The measures we are announcing today deliver over $750 million of extra liquidity to support our business,” Mooky Greidinger, CEO of Cineworld, said. “Over the long term, the operational improvements we have put in place since the start of the pandemic will further enhance Cineworld’s profitability and resilience. The Group continues to monitor developments in the relevant markets in which we operate and our entire team is focused on managing our cost base. We look forward to resuming our operations and welcoming movie fans around the world back to the big screen for an exciting

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