Pat Cleveland’s Friends Help Raise Funds for Her Colon Cancer Treatment

STRENGTH IN NUMBERS: Friends and relatives of the irrepressible model Pat Cleveland are rallying around her to help finance her treatment for colon cancer.
In less than 24 hours, 121 people had contributed nearly $ 44,000 toward the $ 150,000 GoFundMe initiative as of early this afternoon. Cleveland’s husband, Paul van Ravenstein, said Monday, “The community is so supportive. It is just amazing to see everybody reach out.”
After having some strange digestive issues over the last few months, Cleveland sought medical advice in New York. Cleveland helped to break racial barriers on the runways in the Sixties and Seventies. Unlike many of her peers, Cleveland continued to model through the years. Once fashion week got underway in February, she was busy in New York, and then off to Europe for the Laura Biagiotti and Missoni shows in Milan, followed by Tommy Hilfiger’s Zendaya show in Paris, her husband said. Earlier this month Cleveland made an appearance at the Montreal Museum of Fine Arts’ opening for its Thierry Mugler exhibition.
About 10 days ago in Paris for her daughter Anna’s birthday and a hair show for L’Orèal, Cleveland sought medical attention due to increased discomfort, her husband said. When the consulting physician checked back with

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Bed Bath & Beyond shares jump after hedge funds call for overhaul

Investors loaded their carts with Bed Bath & Beyond stock Tuesday after a hedge fund triumvirate called for an overhaul of the board and an ousting of its chief executive. Shares climbed as much as 30 percent early Tuesday after three hedgies unveiled a slate of 16 candidates to replace Bed Bath & Beyond’s 12-person…
Business | New York Post


3.14.19 Zebit CFO responds to Clark; Fee-laden target retirement funds; Renovation scams

Zebit sells electronics items to people with low credit scores. Clark made some comments earlier this week and now has the Zebit CFO on to respond to his comments; Fee-laden target retirement funds have been targeted by the SEC; A huge percentage of folks that decide to renovate a home feel that they were scammed in the process

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The post 3.14.19 Zebit CFO responds to Clark; Fee-laden target retirement funds; Renovation scams appeared first on Clark Howard.


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Hedge funds manipulating $74B pharma deal: Starboard CEO

An activist investor is probing whether hedge funds are using a controversial stock-trading tactic to tip the vote in favor of pharma giant Bristol-Myers Squibb’s $ 74 billion deal to buy rival Celgene, The Post has learned. Starboard Value — whose boss Jeff Smith has blasted the merger as too expensive for Bristol-Myers shareholders — has…
Business | New York Post


EZ Pass’ floating funds keeps public officials honest

Dear John: E-ZPass has a minimum threshold of $ 42 and a replenishment amount set at $ 165 on my account. At times when I’ve been using more tolls, both these figures have been even higher. In any case, it is holding on to between $ 40 and $ 200-plus of my money indefinitely. Multiply that by millions of…
Business | New York Post


Skittish investors made it a painful year-end for hedge funds

Hedge funds got a double dose of pain at the end of 2018. Skittish investors yanked $ 22.5 billion during the fourth quarter from the $ 3.1 trillion in assets managed by the struggling hedge fund sector, according to report released by Hedge Fund Research on Friday. That’s on top of the average hedge fund tanking 5.8…
Business | New York Post


Barry Rosenstein’s Jana to shut down two of its equity funds

Barry Rosenstein’s Jana hedge fund is slimming down in the new year. Following years of lackluster returns, the fund told investors Tuesday that it was closing two of its equity funds to focus on its better-performing activist strategies. “This is where we have delivered our best returns for investors, developed a genuine competitive advantage, made…
Business | New York Post


Medicine or vice? Socially screened funds struggle to define cannabis industry

The $ 8 trillion U.S. socially responsible investment industry is grappling with that question as more states approve the recreational use of cannabis, pushing consumption closer to “sin” stocks like…

Reuters: Wealth


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Activists to NFL: ‘Deposit Funds Into Black-Owned Banks’

The Seattle Medium is reporting that activists in Seattle are calling for the NFL and Seattle Seahawks owner Paul Allen, to deposit 10% of all revenue as well as one-third of the funds making up player pensions, into black-owned banks.

The demands are reportedly spurred by the recent news that Allen, who also co-founded Microsoft, donated $ 100,000 to the Republican Party to help it retain control of the House of Representatives in the midterm elections. According to Federal Election Commission findings, it is the largest political donation Allen has made to an individual or committee.

“I have been out here protesting the economic injustices that have occurred in professional sports and to add insult to injury the owner of the Seattle Seahawks and Portland Trailblazers, Paul Allen donated $ 100,000 to the Republican Party so they can maintain control of the House of Representatives,” said activist Eddie Rye Jr. to The Seattle Medium.

“ESPN, CBS, were bidding over $ 1 billion dollars to have the broadcast rights of NFL games. So out of all the money being generated and the NFL being 70 % black, none of that money is coming back to the black community,” he said.

Rye and several retired NFL players are part of the movement, NFL/Black Community Revenue Sharing Program, to reap benefits for the black community from the economic windfalls black athletes’ talents have provided sports leagues and team owners.

Many black athletes have been inspired to engage in activism since Colin Kaepernick shook up the sports scene by protesting racial injustice with his #TakeaKnee campaign.

In what many considered a bold and risky public relations move, Nike recently made Kaepernick the face if its newest “Just Do It” ad campaign. The decision to use Kaepernick was financially advantageous to the sports apparel company. Ten days after the ad debuted on social media, Nike stock rose to an all-time high on Sept. 13 at $ 83.90 and then closed at $ 83.49 on Friday afternoon. That’s a 4% increase since the ad’s release on Sept. 3, according to CBS News. In addition, Nike’s online sales jumped nearly 31% from Sept. 2 through Sept. 4, which is nearly double the profit that the company garnered during the same period in 2017, according to a research report by Edison Trends.

—Selena Hill and The Shadow League contributed to this report. 



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Money | Black Enterprise


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U.S. investors take most cash in 8 months from taxable bond funds -ICI

U.S. fund investors took nearly $ 6.9
billion from taxable bond funds during the latest week,
withdrawing from debt markets at the fastest pace since
February, Investment Company Institute (ICI) data showed on
Investors’ sharp turn against debt comes after nearly three
years of strong demand that added hundreds of billions of
dollars to such products. Returns on many bond funds have been
negative this year as the U.S. Federal Reserve raised interest
rates to

Reuters: Company News


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