Meadowlands Hospital on track to be sold to Long Island real-estate…

first_imgOLYMPUS DIGITAL CAMERA SECAUCUS–Meadowlands Hospital is set to be sold to a multimillionaire real-estate developer, according to a report on NorthJersey.com. Yan Moshe, based in Long Island, owns multiple surgery centers in Bergen County, per the report. He will only pay $5 million of the $12.2 million bid he placed for the hospital last year, provided the state approve the sale, the website added. At that time, he had filed an application with the state Department of Health, reportedly pledging $3 million in upgrades at the hospital.If Moshe’s purchase receives approval, the hospital’s owners will lend him the remaining balance, the report said. He would also have to pay another $26 million for the hospital’s land, NorthJersey said.Regulators have also reportedly questioned the deal, asking if Moshe has the assets to run Meadowlands, and even if the hospital serves a purpose. Four other hospitals are located within seven miles of Meadowlands. ×OLYMPUS DIGITAL CAMERAlast_img read more

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Stocks making the biggest moves premarket: Alibaba, Lyft, Aurora Cannabis

first_imgCheck out the companies making headlines before the bell:Alibaba (BABA) – Alibaba shares are under pressure, amid concerns about tighter regulation of big tech firms by the Chinese government.  The decline in Alibaba shares comes despite an upbeat start to the e-commerce giant’s annual “Singles Day” event, with more than $56 billion in orders as of this morning. The stock fell 1.7% in premarket trading as of 7:33 a.m. ET.Lyft (LYFT) – Lyft lost more than $280 million during the third quarter, more than double the loss it reported in the same quarter a year ago.  However, Lyft reported better than expected revenue for the quarter and also said it was working on developing a new food delivery service. The shares rose 5% in premarket trading as of 7:33 a.m. ET.- Advertisement – Jack Ma, chairman of Alibaba Group Holding Ltd., speaking during a fireside interview at the Viva Technology conference in Paris, on May 16, 2019.Marlene Awaad/Bloomberg | Bloomberg | Getty Images Aurora Cannabis (ACB) – The cannabis producer announced plans to raise $125 million through a secondary stock offering.  Under terms of the offering, each share would be priced at $7.50 and the buyer would receive a warrant to purchase another share at $9 within 40 months. The stock dropped 15% in premarket trading as of 7:33 a.m. ET.fuboTV (FUBO) – The streaming TV service did report a larger than expected loss for its latest quarter, but revenue exceeded forecasts and the company also gave an upbeat current quarter outlook.  It expects to end the year with 500,000 to 510,000 subscribers, which would be up 58% to 62% compared to a year earlier. The shares gained 30% in premarket trading as of 7:33 a.m. ET.Tencent Music (TME) – Tencent Music reported better than expected profit and revenue for its latest quarter, boosted by growth in paying users for its music streaming service.  Tencent said it is seeing a continued improvement in the retention rate of paying users. The shares added 4% in premarket trading as of 7:33 a.m. ET.- Advertisement – – Advertisement –center_img AT&T (T) – AT&T’s WarnerMedia unit is expected to lay off up to 1,750 workers – about 7% of its staff – according to multiple reports.  WarnerMedia – the operator of HBO, TBS, CNN and the Warner Bros. TV and film studio – plans to hold an all-hands meeting today to give more information on the cuts to employees.Lemonade (LMND) – Lemonade reported a loss of 57 cents per share, smaller than the 64 cent loss that Wall Street had anticipated, while the mobile-based insurance company’s revenue also exceeded forecasts.  Lemonade also gave a better than expected current quarter outlook.Datadog (DDOG) – Datadog earned an adjusted 5 cents per share for its latest quarter, compared to a 1 cent consensus estimate, while revenue beat estimates as well.  The cloud-monitoring company also issued an upbeat outlook. The shares lost 8% in premarket trading as of 7:33 a.m. ET.Fair Isaac (FICO) – Fair Isaac reported adjusted quarterly earnings of $3.25 per share, well above the $2.32 consensus estimate, while the company behind the popular FICO credit scores also saw revenue exceed Wall Street forecasts. Sanmina (SANM) – Sanmina beat estimates by 32 cents with adjusted quarterly profit of $1.10 per share, with the electronics manufacturing company’s revenue beating estimates as well.  Sanmina also issued an upbeat outlook, saying its strategy was working despite a challenging economic environment.General Electric (GE) – GE has ended its “Corporate Audit Staff” program, as part of CEO Larry Culp’s effort to simplify operations.  The program allowed workers to rotate through various divisions of the company to groom them for future leadership positions.Tapestry (TPR) – The company behind the Coach and Kate Spade luxury brands was upgraded to “outperform” from “market perform” at Cowen, which points to a favorable pricing and profit margin mix as well as a refreshed marketing strategy for the company’s Coach Outlet operations. – Advertisement –last_img read more

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Sounds like Tom Brady and Bill Belichick had a pretty awkward phone conversation

first_imgThe Herald’s source also claimed the market for Brady in free agency is “very good,” as if there was any doubt the individual(s) leaking information about the phone conversation were from Brady’s camp — which makes this seem like a leverage play.But just a couple days ago, NBC Sports Boston reported Belichick “is not freezing Brady out,” and that the Patriots indeed want their longtime QB to re-sign.Will that happen, or will Brady enter the final years of his career with a new challenge on a team not named the Patriots? Maybe it depends on just how awkward that phone conversation was. MORE: Tracking the latest Tom Brady rumorsA source told NBC Sports Boston that the chat between Brady and Belichick “wasn’t particularly productive,” and that the coach “was all business.” The Boston Herald added that the conversation “didn’t go well.”Belichick, of course, acts as New England’s general manager and personnel decision-maker on top of his coaching duties, so one might consider his interest in chatting with Brady about the QB’s future a sign that Belichick is in line with team owner Robert Kraft’s desire to re-sign the 42-year-old passer.Then again, Belichick might simply need an answer from Brady more than he needs the QB himself.If Brady is not on the Patriots’ roster on March 18 at 4 p.m. ET, when 2020 free agency begins, the team will be hit with a $13.5 million dead cap charge (signing bonus acceleration), a number that will be cut in half if he re-signs. It should go without saying that New England’s entire approach to 2020 and beyond depends on whether Brady will be part of the process.Because Brady technically is still under contract, New England is the only team he legally can speak with before the legal tampering period (March 16-18) begins for soon-to-be free agents.MORE: Ranking Brady’s best fits in free agency Those who know Bill Belichick best say the Patriots coach has two sides: the strictly business football czar who answers media questions with one-word answers, and the lighter guy with a sense of humor and a more laid-back disposition.So it might be telling that Brady, who knows Belichick as well as anybody after their 20 years together in New England, received Strictly Business Bill during a recent phone coversation, reportedly their first regarding the quarterback’s upcoming free agency.last_img read more

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