Lonza profit jumps 44%, lifts 2026 margin outlook on strong H1 execution

Dog days of summer? Not for Citigroup, which just priced a record-setting deal.  The bank this week priced the largest multifamily-only conduit commercial mortgage-backed securities (CMBS) transaction originated by a single bank since the Global Financial Crisis.  SEE ALSO: Nuveen Green Capital Supplies $101M C-PACE Loan for Newark Studios The transaction, Citigroup Commercial Mortgage Trust…

Key Points Tennenbaum disposed of 20,326 shares at $34.42 per share, representing a total transaction value of $699,621. This non-discretionary transaction reduced the insider’s direct equity position by 3%. The disposition was executed to satisfy tax withholding obligations following the vesting of restricted stock units. 10 stocks we like better than Dropbox › Ross Tennenbaum,…

Labor Day traditionally tells Northeasterners to locate a sweater, inspect the foliage and pretend the beach chairs will be stored before Thanksgiving. This year, retailers have added another instruction. Begin thinking about Halloween immediately. The pumpkins have arrived, the skeletons have achieved architectural scale and artificial intelligence has begun creating monsters. Apparently, even the undead…

Fashion designer Marc Jacobs might be best known for his catwalk creations, but in 2019, he turned his attention to a more ambitious design project: overhauling a $9.17 million Frank Lloyd Wright-designed property in upstate New York that he purchased on something of a whim in 2019. Today, Jacobs, 63, resides primarily in the property with his husband,…

At a good hotel, the staff will respond quickly to requests for fresh towels or help with a malfunctioning air conditioner. In a great hotel, the difference in experience is palpable. A guest’s favorite drink might be waiting at check-in, or the front desk may offer a thoughtful, personalized recommendation. A returning guest could find…