Egg Harbor convenience store sold for new condo and retail development

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EGG HARBOR – The way is clear for a new condominium/retail mixed-use development downtown, after the sale of a longstanding business and its 97-year-old stone building was recently finalized.

Mueller’s Mini Mart convenience store is now closed, and its building will be retained and upgraded following its sale to The Residences of Egg Harbor, LLC, a consortium of four brokers and developers with Creative Business Services/CBS-Global in Green Bay.

Developers Tom Martin, Michael Schwantes and Bob Wolter of Green Bay-based Creative Business Services/CBS-Global completed their purchase of Mueller’s Mini Mart convenience store in Egg Harbor, with plans to redevelop the property into condominiums and retail space under the name The Residences of Egg Harbor. Shown from left in front of the store are Bob Mueller, Jr., Schwantes, Mary Mueller, Wolter and Martin. (Photo: Courtesy Creative Building Services)

The original proposal for The Residences, announced in January, called for a

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Xiaomi Just Sold a Pricey $4 Billion Narrative. Again

(Bloomberg Opinion) — Xiaomi Corp. has once again shown impeccable timing in raising funds, backed by a narrative that entices people into believing they got hold of a hot stock. Investors ought to remember what happened the last time China’s second-largest smartphone maker sold them on a tale of growth and wealth. 



a group of people walking in front of a building: A logo sits in the window of a Xiaomi Corp. store in Paris, France, on Friday, May 25, 2018. Chinese smartphone maker Xiaomi opened it's first store in Paris and plans for more shops in France, Spain and Italy, testing the appetite of consumers in developed markets as its executives consider a U.S. expansion.


© Photographer: Christophe Morin/Bloomberg
A logo sits in the window of a Xiaomi Corp. store in Paris, France, on Friday, May 25, 2018. Chinese smartphone maker Xiaomi opened it’s first store in Paris and plans for more shops in France, Spain and Italy, testing the appetite of consumers in developed markets as its executives consider a U.S. expansion.

Two years ago, Xiaomi (and its bankers) weaved a narrative about a company that produced devices for no profit in order to make money from a raft of services, including advertising. There were those who thought that this innovative business

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Slack sold to business software giant for $27.7bn



a screen shot of a video game


© Reuters


Salesforce has agreed to buy workplace messaging app Slack for $27.7bn (£20bn) in what would be one of the biggest tech mergers in recent years.

Marc Benioff, boss of the business software giant, called the deal a “match made in heaven”.

He has been pushing to expand the company’s software offerings and fend off rivals such as Microsoft.

The acquisition comes as the pandemic has increased the focus on remote work and tools, like Slack, which enable it.

Tech analyst Dan Ives of Wedbush Securities called it a “now or never” purchase for Mr Benioff.

“If Salesforce wants to expand beyond its core gold mine of sales and marketing departments … this was the moment and thus represents a major shot across the bow against Microsoft,” he wrote in a note to investors after the deal was announced.

Slack, founded in 2009, has won a following with its

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One reseller group snagged nearly 3,500 PlayStation 5 consoles, and the resale market might be the only place to score one after it sold out everywhere online



graphical user interface, text, application: After getting to checkout, PlayStation 5 buyers found out the device had already sold out. Walmart


© Walmart
After getting to checkout, PlayStation 5 buyers found out the device had already sold out. Walmart

  • The PlayStation 5 launched this week in Europe and the United Kingdom, and customers encountered many of the same issues they faced in the US: The console was sold out near-instantly at most retailers.
  • The only way to get a PlayStation 5 at launch was through a preorder, but some retailers sold PS5 consoles digitally on a first-come, first-served basis.
  • A robust resale market for the coveted new game console is at least partially to blame, and that market is dominated by groups that work collectively and use “bots” to buy up as much stock as possible.
  • The manager of one such group told Business Insider that his group is responsible for thousands of PlayStation 5 purchases headed for resale. “You have to put the work in otherwise you literally don’t stand
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Warren Buffett’s Berkshire Hathaway sold its Costco stake last quarter. Here are 3 reasons why that’s extremely surprising



Warren Buffett, Charlie Munger are posing for a picture: Warren Buffett and Charlie Munger REUTERS/Rick Wilking


© REUTERS/Rick Wilking
Warren Buffett and Charlie Munger REUTERS/Rick Wilking

  • Warren Buffett’s Berkshire Hathaway sold its Costco position after investing more than 20 years ago, a filing revealed this week.
  • The billionaire investor’s company grew its stake in the big-box retailer from 355,000 shares worth $32 million in 1999, to 4.3 million shares worth $1.3 billion in June of this year.
  • The sale is a shock because Buffett famously invests for the long term, two of Berkshire’s directors sit on Costco’s board, and both Buffett and his business partner, Charlie Munger, have repeatedly praised the retailer.
  • “If once or twice in a lifetime you’re associated with such a business, you’re a very lucky person,” Munger said about Costco in 2011.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway revealed this week that it dumped its stake in Costco last quarter, exiting an investment it made more than

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Singapore investigating claims Muslim app developer sold user data to US military

Singapore is investigating claims that local-based mobile app, Muslim Pro, has sold “granular location data” to the US military. Clocking more than 98.5 million downloads worldwide, the popular prayer tracking app has denied the allegations, saying it shares only anonymised data with its partners.

The Personal Data Protection Commission (PDPC) confirmed it was investing the allegations and had asked for more information from the developer of Muslim Pro, Bitsmedia. The regulator told local media: “We remind users to also be mindful of the type of permissions and personal data they provide and how it may be used. If in doubt, users should not download or use any application.”

Founded in 2009, the Singapore-based Bitsmedia has offices in Malaysia and Indonesia. Its Muslim Pro app tracks prayer times and shows the direction to Mecca, amongst other features, and has been downloaded by users across 200 countries, according to its website. 

Earlier

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TuSimple CEO reveals how it sold UPS, Penske on self-driving trucks

  • TuSimple is developing an automated-driving system for semi trucks.
  • The startup was founded in 2015, before rivals like Ike and Aurora were launched, and before Waymo announced it was working on autonomous trucks.
  • TuSimple CEO Cheng Lu told Business Insider that head start has allowed the company to build a lead in technology, manufacturing partnerships, and commercialization strategy.
  • Are you a current or former TuSimple employee? Do you have an opinion about what it’s like to work there? Contact this reporter at [email protected], on Signal at 646-768-4712, or via his encrypted email address [email protected]
  • Visit Business Insider’s homepage for more stories.

The autonomous-vehicle industry is devoting more attention to heavy-duty trucks as its robotaxi and consumer car ambitions face technological roadblocks. A driver shortage has bolstered the business case for computer-operated semis, and their highway-heavy routes eliminate many of the challenges involved in spotting pedestrians and predicting how they’ll move.

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Matt Chambless Is The CFO, Secretary & Treasurer of Computer Programs and Systems, Inc. (NASDAQ:CPSI) And They Just Sold 29% Of Their Shares

We’d be surprised if Computer Programs and Systems, Inc. (NASDAQ:CPSI) shareholders haven’t noticed that the CFO, Secretary & Treasurer, Matt Chambless, recently sold US$334k worth of stock at US$29.50 per share. That sale was 29% of their holding, so it does make us raise an eyebrow.

Computer Programs and Systems Insider Transactions Over The Last Year

In fact, the recent sale by CFO, Secretary & Treasurer Matt Chambless was not their only sale of Computer Programs and Systems shares this year. They previously made an even bigger sale of -US$368k worth of shares at a price of US$28.34 per share. That means that even when the share price was below the current price of US$29.66, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of

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Sony PS5 sold out online as pandemic chills real-world retailing

TOKYO (Reuters) – Sony Corp’s PlayStation 5 (PS5) console launched in core markets on Thursday to intense interest online, but with first day real-world sales limited to pre-order pick-ups due to the COVID-19 pandemic that has driven a boom in gaming demand.

Sony has made launch sales online only to maintain social distancing, calling for consumers to “be safe, stay home, and place your order online”.

The next-generation console, which retails for $500 or $400 without a disk-drive, was sold out on major retailing sites in Japan and the U.S. with some conducting lotteries to distribute limited stock.

On Japan’s top flea market platform from Mercari Inc, consoles were selling for more than $900.

Major U.S. retailers Amazon.com , Best Buy Co Inc BBY.N and Gamestop Corp appeared to be out of stock moments after it went on sale.

Pent-up demand for the PS5, which offers cutting-edge graphics, faster load

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Austin software maker Planview sold in $1.6 B deal, report says

Planview’s headquarters is in Austin, located in the Research Park Plaza located off of Highway 183.

AUSTIN, Texas — Editor’s note: The video published above is a KVUE Boomtown 2040 report about construction and job growth in Austin.

According to a report from KVUE’s media partner The Austin American-Statesman, the Austin-based software maker, Planview, is being sold to two private equity firms in a $1.6 billion deal. 

The report states that private equity firms TPG Capital and TA Associates have partnered to buy Planview. 

Planview has more than 700 employees worldwide and houses 275 employees in Austin, the Statesman reported. Its headquarters is in Austin, located in the Research Park Plaza located off of Highway 183.

“We’ve spent more than three decades delivering innovation, driving the market forward, and reinventing ourselves. I truly believe that the best is yet to come for our customers and for Planview,” Greg Gilmore, CEO

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