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White House senior adviser Anita Dunn is being forced to divest an investment portfolio worth an estimated $16.8 million to $48.2 million that ethics lawyers say amounts to significant conflicts of interest in his new role. The political and communications strategist will also have to step back from the myriad of domestic and international issues affecting her former clients. Dunn’s recently published financial disclosures, which run 93 pages, show extensive holdings in stocks, options, bonds and private equity, a fortune she and her husband, veteran attorney Bob Bauer, have amassed over the years. Bauer is a high-powered attorney who served…

THE ANGELS, August 12, 2022 /PRNewswire/ — Westwood Financial, a leading retail real estate investment firm, today announced updates on its financial and operating results for the three months ended. June 30, 2022which included: Same-Store 2022 vs 2021 GAAP Revenue and NOI increased +5.5% and +6.3%, respectively. 24 new leases totaling 62,000 square feet and 45 renewals totaling 110,000 square feet were executed. Achieved the total rents achieved at the end of 92% of 92% of 92% of 53% of the same quarter. (+280 bps) Achieved online store occupancy of 92.8% vs. 88.2% at the end of the same quarter…

BEIRUT — A judge on Friday ordered a gunman who held up to 10 hostages at a Beirut bank to force the release of their trapped savings to stay behind bars, apparently to ward off copycats as desperation for the Lebanon’s economic crisis. Several dozen relatives of Bassam al-Sheikh Hussein briefly blocked a major road in Beirut, saying keeping him in prison violates an agreement reached on Thursday. The 42-year-old food delivery driver surrendered after a seven-hour standoff in exchange for $35,000 of his money and promised he would only be questioned and then released. No one was injured. It…

BRIDGEPORT — City officials — and taxpayers — received some good financial news this week, with two of the three key credit rating agencies raising Bridgeport’s ratings. The news also comes as Mayor Joe Ganim prepares to run for a third consecutive two-year term in 2023. In his latest reviews of Bridgeport’s finances, Fitch raised the city’s rating from A to A+ while Moody’s Investors Service also moved the needle a notch from Baa1” to A3. The highest rating that can be achieved is AAA. Meanwhile, the third largest rating agency, Standard & Poor’s, kept its outlook on Bridgeport’s finances…

Bitcoin is struggling at the $24,000 level after hitting its perceived low for the cycle in June and rising more than 20% in July for its best month of the year. The cryptocurrency broke above $24,000 twice this week. It also touched that level in late July, but was unable to hold before trying again this week. However, while a break above that mark could open the door for bitcoin to test the next stage, it does not necessarily have lasting implications, technical analysts say. “I think $29,000 is going to be very, very difficult for bitcoin to pull up,”…

Dive Brief: Commissioners Mark Christie and James Danly of the Federal Energy Regulatory Commission are seeking information from Vanguard Group about whether it has tried to influence utility generation mixes through its stock ownership. Vanguard’s request for a blanket authorization to own up to 20% of a utility’s voting stock warrants scrutiny because Vanguard and its affiliates could exercise “profound control” over the utilities they own, said Christie and Danly a a joint statement Thursday, noting that since FERC approved Vanguard’s prior authorization in 2019, the firm’s assets under management have grown from $5 trillion to $8.5 trillion. “If a…

OLDWICK, NJ–(BUSINESS THREAD)–AM Best has assigned a long-term issue credit rating of “bbb” (Good) to the upcoming $1.2 billion 6% junior subordinated notes due September 1, 2052, and to $300 million, 5.95% junior subordinated notes due September 1, 2062, to be issued by Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU]. The outlook assigned to these credit ratings (rating) is stable. The other ratings of Prudential and its subsidiaries remain unchanged. The proceeds of this debt issuance are expected to be used for general corporate purposes, which may include the repayment or repurchase of Prudential’s $1.5 billion aggregate principal amount…

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