Intel Is Said to Be Near Sale of Memory-Chip Unit for $10B

Semiconductor giant Intel  (INTC) – Get Report is reportedly close to a deal to sell a memory-chip unit to South Korea’s SK Hynix for about $10 billion.

The companies are discussing a deal that could be unveiled as soon as Monday, The Wall Street Journal reported, citing people familiar with the matter.

The transaction’s specific details, including exactly what SK Hynix would be acquiring, could not be learned, the paper said.

Shares of the Santa Clara, Calif., company at last check were up 1.7% to $55.08.

The Intel unit makes NAND flash-memory products primarily used in devices such as hard drives, thumb drives and cameras. 

Intel has been weighing getting out of the business for some time, driven by sagging prices for flash memory, the Journal reported. 

Intel is scheduled to report its third-quarter earnings Thursday afternoon.

The market for memory chips slumped in 2018 amid an oversupply

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HHS, Drugstores in Distribution Plan for COVID Vaccine


“Early in the COVID-19 vaccination program, there may be a limited supply of vaccine. And our planning efforts need to focus on those at highest risk for developing severe illness from COVID-19, as well as on those who are critical to the response and providing direct patient care,” Jay Butler, deputy director for infectious diseases at the Centers for Disease Control and Prevention (CDC), explained in an Oct. 16 media call with reporters. “The highest risk are those in long-term care facilities.”

Under the new federal initiative, called Pharmacy Partnership for Long-Term Care Program, CVS and Walgreens will work directly with facilities to schedule and coordinate on-site clinic dates. (Some approved vaccines may require two shots, weeks apart.) The companies will also be responsible for managing vaccine supplies (syringes, needles, personal protective equipment, etc.), keeping the vaccine at the appropriate temperature, and reporting vaccine data to state, local and federal

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Indian developer RMZ sells real estate assets to Canada’s Brookfield for $2 billion

(Reuters) – Privately held Indian developer RMZ Corp has sold 12.5 million square feet of its real estate assets to Brookfield Asset Management Inc BAMa.TO for $2 billion, the Canadian asset manager said on Monday.

The deal, which was reported earlier by Bloomberg and The Hindu newspaper, includes divestment of RMZ’s co-working business CoWrks, a Brookfield spokeswoman confirmed in an email.

RMZ will have zero debt after the deal that involves its rent-yielding offices and co-working spaces. It will use the money to expand its portfolio.

“The deal marks the largest-ever deal in the Indian real estate industry,” RMZ said in a statement.

The company will divest a part of its core portfolio across Bangalore and Chennai, it said.

The commercial real estate asset portfolio of RMZ is valued at about $10 billion, according to The Hindu newspaper of India.

The deal involved a sale of 18% of RMZ’s commercial

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Retail giant Best Buy retailer won’t pay for fridge flood its own contractor caused | 7 On Your Side

ELTINGVILLE, Staten Island (WABC) — When a new fridge flooded and caused thousands of dollars in damage, a young couple says a retail giant turned its back on them.

“To be honest I was so upset, I couldn’t even handle it,” Jason Anello said.

Welcome to Jason and Abby Anello’s newlywed nightmare. Their new home was ruined before he could even carry her over the threshold.

“It’s just been a big headache,” Anello said.

He’s talking about the thousands in water damage due to a faulty fridge installation.

The listing for their Staten Island home caught their eye and features an open floor plan with a big kitchen and hardwood floors. So, they bought it.

“We put a lot of money into the house with renovations,” said Anello.

RELATED | 7 On Your Side: Young car-buyer wrangled into a ripoff

One of the expenses included a fancy new fridge from

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New Jersey governor installs new adjutant general after outbreak leads to 146 deaths at veterans homes

TRENTON, N.J. — Gov. Phil Murphy dismissed New Jersey’s top military commander Friday after a coronavirus outbreak hit the state’s three veterans homes resulting in 146 deaths.

Col. Lisa Hou takes over immediately from Maj. Gen. Jemal Beale, Murphy said in a statement.

Murphy, a Democrat, faces criticism from Republicans who continue to call for a legislative review of the governor’s handling of the outbreak. He didn’t give a reason for Beale’s dismissal.

Hou, who served as a field surgeon in Afghanistan and Iraq, succeeds Beale, who was sworn into the post in 2018.

“It is an honor to be called upon to lead one of the greatest battles our department has ever faced,” she said in a statement. “Protecting our veterans and supporting our military personnel will be my priority today, and every day. We must all work together to defeat this pandemic and I am committed to doing

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The Quiet IBuyer War On Real Estate Commissions: DelPrete

This post has been republished with permission from Mike DelPrete.

For years, the traditional real estate commission structure in the U.S. has remained relatively impervious to change. Buyer agent commissions — the fee paid to a buyer’s agent when a house is sold — is the focus of multiple class-action lawsuits. But it turns out that the biggest threat to the traditional structure might be iBuyers, which have been waging a silent, systematic war on buyer’s agent commissions.

This research study looks at buyer agent commissions offered by iBuyers: 11,500 transactions over two years across four of the largest iBuyer markets: Phoenix, Atlanta, Raleigh and Dallas. 

The data is sourced from the multiple listing systems in each market, which records buyer’s agent commissions offered for every home listed for sale. The data does not include transactions that occur off-market (sales to REITs) nor to buyers that approach iBuyers directly, without

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Your Daily Digest for Real Estate Investing, 10/19/2020

Major SFR deal, new construction sentiment soars, making moves and movies, the deal with SRO, and San Francisco’s troubles.

In Today’s News

SFR Operator Front Yard (NYSE: RESI) to Be Taken Private in $2.4 Billion Deal

GlobeSt.com says the deal will make Pretium the second-largest owner and operator of single-family rental (SFR) housing in the United States.

Why it matters: As this article points out, there are several other major players diving deep into this housing segment. Individual real estate investors may want to explore their own options, including real estate investment trusts (REITs) that specialize in the SFR space.

NAHB: Builder Confidence Continues Record Climb

The National Association of Home Builders (NAHB) reported today that its housing market index has hit a record high for the second month in a row.

Why it matters: Builders are on the ground floor of the housing market, and their confidence is nationwide,

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Simon Property Group Announces Date For Its Third Quarter 2020 Earnings Release And Conference Call

INDIANAPOLIS, Oct. 19, 2020 /PRNewswire/ — Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced details for its third quarter 2020 earnings release and conference call. 

Simon’s financial and operational results for the quarter ending September 30, 2020, will be released after the market close on November 9, 2020.  The Company will host its quarterly earnings conference call and an audio webcast on November 9 at 5:00 p.m. Eastern Time

The live webcast will be available in listen-only mode at investors.simon.com.  Interested parties can join the call by dialing:

  • 1-888-528-4228 United States participants
  • 1-704-935-3408 Participants outside the United States
  • The conference ID for the call is “7809309.”

An audio replay will be available from approximately 8:00 p.m. Eastern Time on November 9, 2020 until 8:00 p.m. Eastern Time on November 16, 2020.  The

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Indian developer RMZ sells real estate assets to Canada’s Brookfield for $2 bln

Oct 19 (Reuters)Privately held Indian developer RMZ Corp has sold 12.5 million square feet of its real estate assets to Brookfield Asset Management Inc BAMa.TO for $2 billion, the Canadian asset manager said on Monday.

The deal, which was reported earlier by Bloomberg and The Hindu newspaper, includes divestment of RMZ’s co-working business CoWrks, a Brookfield spokeswoman confirmed in an email.

RMZ will have zero debt after the deal that involves its rent-yielding offices and co-working spaces. It will use the money to expand its portfolio.

“The deal marks the largest-ever deal in the Indian real estate industry,” RMZ said in a statement.

The company will divest a part of its core portfolio across Bangalore and Chennai, it said.

The commercial real estate asset portfolio of RMZ is valued at about $10 billion, according to The Hindu newspaper of India.

The deal involved a sale of 18% of

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What Is the Best Month to Buy a House?

The novel coronavirus has caused unprecedented economic convulsions, including disruption in the normal patterns of homebuying in America. A combination of uber-low mortgage interest rates and diminishing supply have forced average real estate prices to record highs in many markets, while changing work lives and a desire for more space are helping drive new and existing homeowners out of cities and into the suburbs and beyond.

But when a new normal does return to the real estate market, that normal can be expected to include some of the imperatives that have driven the U.S. homebuying market all along — the school year perhaps at the top of the list.

While each market is different and in a state of flux to varying degrees, there’s definitely some conventional wisdom the house hunter should take into consideration, whether you’re looking at investment property to flip, for income, or a place to live.

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