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Clark Construction lands $570 million contract for Walter Reed renovations

Clark Construction lands $570 million contract for Walter Reed renovations

Business
Nov. 13 (UPI) -- Clark Construction Group has been awarded a $ 570 million for a multiyear construction project at Walter Reed National Military Medical Center at Naval Support Activity in Bethesda, Md. The Bethesda-based construction firm will construct a new addition for inpatient and outpatient medical care, renovate two buildings and tear down six others at the hospital, according to the Department of Defense, which announced the contract on Tuesday. The project is slated for completion in March 2026 and the contract will be funded in increments, with $ 120 million being allocated immediately, $ 150 million per year to be funded in fiscal years 2021 and 2022, and $ 150.3 million to be funded in 2023. According to the Pentagon, the contract was procured via an open bidding process on ...
Individual investors pulled $20 million from Fisher Investments after billionaire’s sexist comments

Individual investors pulled $20 million from Fisher Investments after billionaire’s sexist comments

Finance
Kenneth Fisher, founder of Fisher Investments.Jonathan Fickies | Bloomberg | Getty ImagesIndividual investors at Fisher Investments transferred $ 20 million from the firm the week after the billionaire made lewd comments at a conference, according to a research note from Mercer, an advisor to institutional investors.The development was disclosed on a conference call Fisher executives held on Oct. 14 with Mercer, to discuss the fallout from founder Ken Fisher's comments at the Tiburon CEO Summit, according to the note obtained by CNBC.When speaking at the conference on Oct. 8, Fisher had likened winning new clients to picking up women at a bar. He had used similar language at another conference in 2018.Though the billionaire apologized, institutional investors — including seven government p
‘One million volunteers needed to tackle invasive non-native species’

‘One million volunteers needed to tackle invasive non-native species’

Technology
One million volunteers are needed to tackle the growing threat posed by invasive non-native species such as giant hogweed which are costing the economy £1.7bn a year, MPs have said.Between 36 and 48 new invasive species will become established in the next two decades in Britain - and slowing the rate of their arrival is key to preventing their establishment, a report by the Environmental Audit Committee said. Invasive non-native species (Inns) are species directly moved as a result of human activity, and include non-native deer which attract ticks carrying Lyme disease and Oak Processionary Moth Caterpillars that have caused ash dieback, predicted to kill half of the UK's ash trees within 50 years - costing £15bn.Giant hogweed, which causes skin rashes and blistering and the Asian hornet w
Fisher Investments losses hit $1.8 billion as Fidelity ends $500 million relationship

Fisher Investments losses hit $1.8 billion as Fidelity ends $500 million relationship

Finance
Ken FisherCrystal Mercedes | CNBCFidelity has terminated a $ 500 million relationship with Fisher Investments, bringing the total yanked from the money manager to almost $ 1.8 billion.Officials at the giant Boston-based asset manager confirmed it would end its relationship with Fisher on Monday, in light of inappropriate comments founder Ken Fisher made at an investment conference on Oct. 8.Fisher managed $ 500 million in assets for Fidelity's Strategic Advisers Small-Mid Cap Fund."Fisher Investments does not provide investment advisory services for any portion of the assets of Strategic Advisers Small-Mid Cap Fund," said Vin Loporchio, a spokesman for Fidelity. "Assets previously managed by Fisher Investments have been reallocated within the fund."While government-run pension funds make u...