Billionaire Benko Due Big Payout After Real Estate Revaluation

Austrian property billionaire Rene Benko and his outside investors are set for a big payout after his trophy-asset unit revalued assets to double net income. Signa Prime Selection AG, which owns luxury retail sites including Berlin’s KaDeWe and Vienna’s “Golden Quarter,” plans to pay 201 million euros ($237 million) in dividends, the company said in […]

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Boeing Prepares Deeper Cuts From Executive Ranks to Real Estate

Boeing Co. is thinning its corps of vice presidents and winnowing real estate holdings, including a splashy outpost near the Massachusetts Institute of Technology, as the planemaker works furiously to counter plunging aircraft sales and mounting costs for the grounded 737 Max. About 170 midlevel executives, 70 of them based at Boeing’s commercial airplane division, […]

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