CNN Money's Maribel Aber has your top business and financial news on this Wednesday, May 21.
NEW YORK, NY (CNN) - CNN Money's Maribel Aber has your top business and financial news on this Wednesday, May 21.
An Illinois company is expanding its holdings along a major shopping corridor in Little Rock. Inland Real Estate Income Trust Inc. of Oakbrook, Ill., said Tuesday that it has purchased the 126,288-SF Midtowne Shopping Center in Little Rock. Inland paid $41.45 million for the shopping center, which opened in 2006 and was developed by Strode Property Co. of Dallas. Real estate records show IMI MTLR LLC as Midtowne's most recent owner. IMI is a co-investment venture led by an affiliate of Miller Capital Advisory Inc. of Skokie, Ill., and CalPers, the county's largest public pension fund.
Lazy Magnolia's amber-colored Timber Beast IPA is one of the first craft beers produced in Mississippi since the state loosened its liquor laws. For a century, Mississippi and other Southern states had Prohibition-era laws on the books that kept alcohol-by-volume (ABV) levels so low that many craft breweries were prevented from setting up shop. When Mark Henderson and his wife Leslie founded Lazy Magnolia in 2003, it was the first brewery to open in Mississippi since 1907. And it was the state's only brewery until the laws changed nine years later.
Good investors know that when the masses rush to the exits, there are often buying opportunities. After the tech sell-off this spring, it's worth asking: Are there some bargains now? Surely all of these tech companies aren't suddenly dogs. "Despite the pullback in valuations, the fundamentals of large cap Internet companies haven't changed," Citigroup analyst Mark May wrote in a recent note to clients. Here are the top three to consider buying.
McDonald's tweeted a photo of the new Happy Meal mascot, saying: "Say hello to our newest friend, Happy!" But within hours, the new square-faced red and yellow mascot with big white teeth was scaring away people on Twitter and had become the butt of jokes. "We are not un-happy about" the response, said Julie Wenger, senior director of U.S. marketing for McDonald's (MCD, Fortune 500). "Happy is not for everyone. He's about having fun. Really for kids and families."