Business

FREIT of New Jersey Elects Directors, Ratifies Accountants By Investing.com

Published

5 days ago

June 27, 2024

First Real Estate Investment Trust of New Jersey (OTC Pink Market:FREVS) held its annual stockholders meeting today, resulting in the election of three directors and the ratification of its independent registered public accountants for the upcoming fiscal year.

At the meeting, stockholders voted to elect John A. Aiello, Richard J. Aslanian, and David B. Hekemian as Directors of the Trust for three-year terms. The voting results were as follows: Aiello received 4,295,291 votes for and 380,563 votes withheld; Aslanian garnered 4,250,251 votes for and 425,603 votes withheld; and Hekemian had 4,247,551 votes for and 428,303 votes withheld. There were 1,753,881 broker non-votes for each director.

In addition to the director elections, stockholders approved the Audit Committee’s appointment of EisnerAmper LLP as the Trust’s independent registered public accountants for the fiscal year ending October 31, 2024. The ratification passed with 6,050,315 votes for, 375,570 votes against, and 3,850 abstentions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Business

Ad-supported Murdoch Netflix rival to launch in the UK

Published

4 hours ago

July 2, 2024

João da Silva

Rupert Murdoch’s Fox Corporation is entering the UK’s highly competitive free, ad-supported video streaming market.

Tubi will compete with the likes of Netflix, Disney+, ITVX, Channel 4’s streaming platform as well as the BBC iPlayer.

The platform has been quickly gaining market share in the US where, according to Fox, it has almost 80 million monthly active users.

In the UK, Tubi says it will offer more than 20,000 films and TV series, including content from Disney, Lionsgate, NBCUniversal and Sony Pictures Entertainment.

The platform will also include a selection of British, Indian and Nigerian content.

UK viewers will be able to access content on the Tubi webpage and via a smartphone app.

Fox Corporation bought Tubi in 2020 for $440m (£348m) as the US media giant looked to attract younger audiences.

In recent years, streaming companies like Netflix, Amazon Prime Video and Disney+ have launched ad-supported services and raised subscription prices as they tried to boost revenues.

The moves came as they faced pressure to spend more money to grow their libraries of content as they try to attract more customers in an increasingly competitive market.

In March, Mr Murdoch’s TalkTV network announced that it would stop broadcasting as a terrestrial television channel and became a strictly online service.

The network launched in 2022 but struggled to attract viewers on its linear platform.

Mr Murdoch had hoped the network would shake up the broadcasting establishment by offering an opinion-led alternative to established outlets.

The media tycoon played a pivotal role in the development of the UK’s broadcasting industry by launching Sky in 1984.

Some commentators saw TalkTV as an attempt by Mr Murdoch to recreate his success with Sky.

Mr Murdoch’s 21st Century Fox sold its 39% stake in Sky to NBCUniversal’s owner Comcast in 2018 after losing a battle for control of the network.

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Business

Biden knocks Supreme Court ruling on presidential immunity By Reuters

Published

8 hours ago

July 1, 2024

Reuters

By Andrea Shalal

WASHINGTON (Reuters) -U.S. President Joe Biden on Monday criticized the Supreme Court ruling on presidential immunity that was seen as a win for his rival, former President Donald Trump, in forceful remarks from the White House.

The U.S. Supreme Court found on Monday that Trump cannot be prosecuted for any actions that were within his constitutional powers as president, but can be for private acts, in a landmark ruling recognizing for the first time any form of presidential immunity from prosecution.

“This nation was founded on the principle that there are no kings in America,” Biden said, adding that no one is above the law. With the Supreme Court decision, he said, “That fundamentally changed.”

Biden is running for re-election against Trump and has been sharply critical of his rival’s actions related to the Jan. 6, 2021, raid on the U.S. Capitol by Trump’s supporters, who believed Trump’s false claims that he had won the 2020 election.

© Reuters. U.S. President Joe Biden delivers remarks during the Stonewall National Monument Visitor Center Grand Opening Ceremony at the Stonewall Inn to mark the 55th anniversary of the 1969 Stonewall riots in Greenwich Village, New York, U.S., June 28, 2024. REUTERS/Elizabeth Frantz

Biden, 81, was making his first set of remarks at the White House since his shaky debate against Trump last week led to calls for him to step aside as the Democratic Party’s standard-bearer for the election.

After he stumbled over his words on the Atlanta debate stage, his remarks and comportment will be scrutinized for signs that he is up to the job of running for re-election and of governing the country for four more years.

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