Simon reportedly in talks with Amazon to convert former Sears, JCPenney stores into distribution cen

What Howard Rudzki Says:

Partnerships you will see more of as we reemerge from COVID 19 era.

Is an Amazon distribution center coming to your local Simon Property Group mall?

Seattle-based Amazon is reportedly in talks with the nation’s largest mall operator to convert empty department stores including Sears and J.C. Penney anchor spaces into distribution centers.

The Wall Street Journal was first to report on the possible talks, citing people familiar with the matter. The Journal reported Simon’s discussions with Amazon began before the coronavirus pandemic led to temporary store closures.

Sears and J.C. Penney declined to comment while Amazon said it has a “policy of not commenting on rumors or speculation.” Simon didn’t immediately respond to USA TODAY’s request for comment.

FULL ARTICLE

Simon Property Group

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE:SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

Company Website

Facebook

 

Howard Marks released a new memo to clients about the impact of COVID-19 on the economy.

What Howard Rudzki said:

Compelling information to make sound business decisions at this point in time

Howard Marks, co-founder and co-chairman at Oaktree Capital, the largest investor in distressed securities worldwide, warns the Federal Reserve and U.S. Treasury can’t keep stimulating the economy forever. He speaks with Bloomberg’s Erik Schatzker on “Bloomberg Markets.” (Source: Bloomberg)

Watch full interview with the Oaktree Capital co-founder here

howard rudzkiPosted inHistorical

2021 Lexus LC 500 Convertible | Review & Road Test

Video Link The Lexus LC is a grand tourer manufactured by Lexus, Toyota’s luxury division. Based on the 2012 LF-LC Concept, it was revealed at the 2016 North American International Auto Show in Detroit. It replaced the SC, which was produced from 1991 to 2010. It is the first Lexus model to utilize the GA-L platform, which, along with other components, is shared with the full-size LS 500 sedan. According to Lexus, the name “LC” stands for “Luxury Coupe”. Wikipedia

Lamborghini’s new supercar isn’t legal to drive on public roads

What Howard Rudzki Says: Born and bred on race track and can only be used on race track. Lamborghini has just unveiled a new supercar, known as the Essenza SCV12, that owners won’t be able to legally drive on public roads. That’s why, if you buy one, Lamborghini recommends you let the company keep it for you in a special garage at the company’s headquarters in Italy. Owners will have access to a secure web cam feed so they can look at the car whenever they want. If they want to drive the car, Lamborghini will arrange for it to be transported to almost any racetrack in the world and the owner will be able to drive it there. Lamborghini will also provide a professional racecar driver to provide coaching in how to get the most speed and enjoyment from their V12-powered supercar. The company will host a few special events throughout the year to let Essenza SCV12 owners get together and enjoy their cars as a group. FULL ARTICLE Twitter

Posted inHistorical

U.S. consumers received $9.8 billion in Volkswagen diesel settlements

  • The U.S. Federal Trade Commission said on Monday that buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements.

  • Volkswagen agreed to offer to buy back or repair more than 550,000 polluting diesel U.S. vehicles after it admitted in 2015 it used secret software to cheat emissions tests.

  • The FTC in its final report on the settlements said more than 86% of consumers completing claims chose to return their car through a buyback or early lease termination rather than get a repair.

FULL ARTICLE