Latest news with #MarcRowan
New York Post
23-05-2025
- Politics
- New York Post
Hamptons gears up for another summer of vacation and regulation
Memorial Day kicks off summer — and the influx of seasonal residents to the Hamptons. But it's not all sunshine and revelry. Prompted by a vocal group of year-round residents, several towns on Long Island's East End are imposing ever stricter laws and regulations, casting a shadow over the region's vibrant summer scene. Perhaps the most visible example to residents and tourists alike is Duryea's, which was only allowed to open this summer because the New York state supreme court stepped in, sources told me. As I've previously reported, the beloved Montauk restaurant, which is owned by Marc Rowan, has faced years of legal action. First the Town of East Hampton demanded it upgrade the septic system and then prohibited it from getting the permits needed to do so. Earlier this month, it looked like Duryea's might be closed for the whole summer. 3 The New York State Supreme Court had to step in to ensure Duryea's in Montauk could open. But, I'm told, the State Supreme Court has intervened and allowed the installation of a state-of-the art septic system, enabling the restaurant to open for the upcoming holiday weekend, though litigation with the town is still pending. The Duryea's drama is just the latest in a string of sagas. Town boards in the Hamptons are infamous for trying to micromanage everything from leaf blower usage and landscape lighting wattage to whether people can spontaneously dance at a tavern. 3 Pickleball has become another sore spot for residents as towns clamp down on new and existing courts. Tamara Beckwith Over the past year, pickleball courts, house size and who can fly into the public airport have been primary targets. The regulations have frustrated businesses and restaurants, pushing some to flee to summer locales with less red tape. Last fall, East Hampton and Southampton cracked down on residential pickleball courts and their noise. A new law demands that 'Pickleball courts must be surrounded on three sides by an eight-foot sound-attenuation wall, placed no further than 10 feet from the edge of the court, constructed of a minimum of ¾-inch planking.' Such soundproofing can cost homeowners upwards of $100,000. This story is part of NYNext, an indispensable insider insight into the innovations, moonshots and political chess moves that matter most to NYC's power players (and those who aspire to be). This comes after towns like North Haven enacted a six-month moratorium on any residential pickleball courts being built — or tennis courts being transformed to pickleball courts. In December, the town of East Hampton passed a law that will not only prevent anyone from building a home larger than 10,000-square-foot, in an effort to preserve the town's 'rural character,' but also limit any new homes (or expansion) to just 10% of a lot's square footage. For instance, a quarter-acre lot would now only allow a 2,000-square-foot home, while a half-acre would only permit a 3,600 square foot home, making it impossible for residents to work towards building a sun room or remodel a smaller home. The new law goes into effect July 1. 3 East Hampton has been embroiled with the local airport about noise complaints and the number of flights. Dennis A. Clark The Town of East Hampton is also still embroiled in a legal dispute over its airport — the Hampton's primary airport. Over the past three years, the town has spent more than $5 million on lawyers as it tries to limit flights and noise. It is just the latest move in the decade-old legal battle. Of course, the town putting the squeeze on business owners is not new. Business owners tell me they still keep the flame alive for iconic advertising executive Jerry Delefemaina. In 1997, he was arrested and handcuffed for placing Thanksgiving decorations — hay bales, corn stalks and pumpkins — outside his Redhorse Food Market in East Hampton. The town said it violated a rule that prohibits stores from advertising on the property outside their storefront. While it's still a rallying cry, it's also a sign that over the decades not much seems to have changed. Send NYNext a tip: nynextlydia@
News.com.au
21-05-2025
- News.com.au
Devastated Melbourne mother mourns son's death in car crash after chilling text message
A Melbourne mother has detailed the gut-wrenching moment a text message revealed her son was involved in a deadly car crash, decades after her daughter was also killed in a similar accident. Marc Rowan, 37, was killed on May 3 when his car rolled on Fallon Street in North Albury. In the moments after the crash, his phone automatically messaged his mother, Jacquelyne Rowan, through an app on his phone. 'Crash detected SOS,' it read. 'I called emergency services from this approximate location after the iPhone detected a crash. 'You are receiving this message because I have you listed as an emergency contact.' Ms Rowan told 7NEWS she tried to call Marc, but 'he didn't answer'. And shockingly, her grief is compounded by the death of her young daughter who was also killed in a car accident in 1993. 'I feel like I'm a shell of myself, but I've got to keep going,' she told the broadcaster. Family and friends are now fundraising to 'give our son the send off he deserves and bury him with his sister', the heartbroken mother added through tears. Ms Rowan said her son 'would always step up, he was always there' as reported by NewsLocal earlier this month. 'Nothing changed over the years, he would always put others first. If you need anything Marc would be the first person to step up,' Ms Rowan said. 'He drove trucks for many years, he loved the open road. He was well mannered and praised for his work ethics and politeness. 'When he put his mind to something, he would make sure it was done.' As of mid-May 2025, Victoria has recorded 117 road deaths, up from 104 at the same time last year. New South Wales has reported 137 road fatalities this year, marking a concerning increase from 117 during the same period in 2024.
Times
19-05-2025
- Business
- Times
It'll take more than words to attract investment to Europe
The annual Milken Global Conference, which took place just over a week ago in Beverly Hills, is one of the most important dates in the investor calendar. For a few days, about 4,000 financial executives and policymakers, this year including Bill Ackman, Marc Rowan and Tony Blair, as well as sports and movie stars, convene in the home of Hollywood to talk about the trends shaping global markets. Two themes from this year's conference stood out, which, taken together, may suggest that reports of the US's economic demise, and Europe's rise, may be overstated. Most striking was how the Trump administration treated Milken — overlooked by the Biden administration — as a diplomatic mission to Wall Street. High-profile members of the president's inner circle
Daily Mail
16-05-2025
- Automotive
- Daily Mail
How a son's phone alerted his mother to his death, decades after his sister died the same way
A heartbroken mother has revealed how an automated text message alerted her to the car crash that claimed the life of her son, decades after her daughter died in a similar incident. Marc Rowan, 37, died in a car crash on Fallon Street in North Albury, NSW, on the evening of May 3. Moments after his car flipped, an app on his mobile phone automatically notified his mother Jacquelyne Rowan that he had likely been involved in a crash. 'Car crash detected SOS,' the text, which Ms Rowan revealed to 7News read, alongside a pinpoint location of the incident. 'I called emergency services from this approximate location after iPhone detected a crash. You are receiving this message because I have listed you as an emergency contact.' After receiving the text, Ms Rowan said she tried to call her son to no avail. It was a familiar loss for Ms Rowan who, in 1993, lost her daughter Jessica in a car accident. 'I feel like I'm just a shell of myself but I've got to keep going,' she said. Investigations into the circumstances surrounding the incident are ongoing. The family has launched a fundraiser that Ms Rowan hoped would give her son 'the send-off he deserves' and would help bury him alongside his sister. 'It's with heavy hearts that we share the devastating news of the passing of our beloved Marc, a truly wonderful man with a heart of gold,' the GoFundMe page said. 'Marc was tragically taken from us in a car accident, leaving behind a wave of shock, sadness, and grief among everyone who knew him.' The family described the 37-year-old as a 'rare soul' whose 'kindness, generosity and unwavering loyalty touched so many lives'. 'Any contribution, big or small, will help ease the burden on his loved ones during this incredibly difficult time and allow them to say goodbye in a way that reflects the love and light Marc brought into the world,' the GoFundMe page read. 'Thank you for your support, your kind words, and for keeping Marc's memory alive.' Since being launched earlier this month, the fundraiser has attracted $2,785 towards a target of $15,500. Tributes from friends and loved ones have poured in on social media, describing Mr Rowan as a 'wonderful person' and a 'beautiful soul'. 'Our son, whose passing inspires us to cherish every moment, find strength in our memories of him, and strive for resilience,' Ms Rowan wrote on Facebook. 'We yearn for one more day with him.'
Yahoo
13-05-2025
- Business
- Yahoo
Is Apollo Global Management (APO) The Most Crowded Hedge Fund Stock That is Targeted by Short Sellers?
We recently published a list of . In this article, we are going to take a look at where Apollo Global Management, Inc. (NYSE:APO) stands against other most crowded hedge fund stocks that are targeted by short sellers. Hedge funds piling into a stock is a signal of conviction. After all, if institutional investors are backing a company, there has to be a good reason for it, right? Things get interesting when the same stock ends up with a high short interest. Where some investors back the company to become successful, others bet on its downfall. This contradiction is often eagerly tracked by investors, as it can potentially lead to explosive moves to either side. Consider, for instance, a scenario where a stock with a high short interest and a high hedge fund holding starts going up. As everyone rushes to buy more of the already popular stock, short sellers rush to close their positions, triggering a strong bull rally. We decided to shortlist stocks that were the most likely candidates for such a rally. To come up with our list of 15 most crowded hedge fund stocks that are targeted by short sellers, we only considered stocks with a market cap of at least $1 billion and a short interest of at least 3%. We then ranked these stocks by the number of hedge funds that have the stock in their portfolio. A team of professional financial investors in a modern office analyzing Investment opportunities. Number of Hedge Fund Holders: 90 Short Interest: 5.29% Apollo Global Management, Inc. (NYSE:APO) operates as a private equity firm. It focuses on investments in infrastructure, credit, private equity, secondaries, and real estate markets. According to a recent deal, the company plans to acquire Hav Energy LNG Holding AS, a maritime liquefied natural gas (LNG) infrastructure platform. The financial details of this deal were not released. JPMorgan recently maintained its Overweight rating on the stock after the release of its first quarter 2025 earnings. However, the firm lowered its price target from $161 to $151 due to the company's lower-than-expected financial results. Chairman and CEO Marc Rowan highlighted: 'In Asset Management, we generated record organic inflows, strong origination volume, and delivered solid investment performance across all major strategies. In Retirement Services, consistent with our longstanding approach of positioning the business to seize opportunity, we accelerated new business growth and invested conservatively to be able to redeploy into widening spreads.' Apollo Global Management (NYSE:APO) maintained its 2025 guidance, indicating mid-single-digit growth for spread-related earnings (SRE) and a 15% to 20% increase for FRE. With a significant $64 billion in dry powder, the firm is poised to deploy capital and boost future growth through proprietary origination. Overall, APO ranks 3rd on our list of most crowded hedge fund stocks that are targeted by short sellers. While we acknowledge the potential of APO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than APO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
