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Mitzi Gaynor, star of Hollywood musicals, dies at 93

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By Bill Trott

(Reuters) – Mitzi Gaynor, whose singing and dancing brightened Hollywood musicals throughout the 1950s, including trying unsuccessfully to “wash that man right outa my hair” as nurse Nellie Forbush in “South Pacific,” has died at the age of 93.

Gaynor died peacefully of natural causes, her management team said on Thursday.

“For eight decades she entertained audiences in films, on television and on the stage… Off stage she was a vibrant and extraordinary woman, a caring and loyal friend, and a warm, gracious, very funny and altogether glorious human being,” they wrote on X.

    Gaynor had prominent roles in “There’s No Business Like Show Business” in 1954 with Ethel Merman and Marilyn Monroe and in the 1957 films “Les Girls” with Gene Kelly and the “The Joker Is Wild” with Frank Sinatra. The previous year she starred with Bing Crosby and Donald O’Connor in “Anything Goes,” singing Cole Porter’s title song.

    Gaynor’s movie career lasted a little more than a decade but she went on to success as a nightclub performer and put on a series of annual television variety specials in the 1960s and 1970s. She was still performing an autobiographical stage show – a mix of singing, dancing and remembrances titled “Razzle Dazzle! My Life Behind the Sequins” – in her 80s.

    Gaynor was born Francesca Marlene de Czanyi von Gerber in Chicago. Her mother was a dancer and her father a violinist and musical director. After a move to California she became part of the Los Angeles Civic Light Opera (NASDAQ:), adding three years to her age to make the company believe she was 16. Executives from 20th Century Fox spotted her and offered her a contract.

    Actor George Jessel told her that her last name brought to mind a delicatessen or the Gerber baby food company and she followed his suggestion to change it to Gaynor.

NO LACK OF ENERGY

Her first film was the Betty Grable-Dan Dailey musical “My Blue Heaven” in 1950 and she would go on to make nearly 20 movies that called for a singer or dancer with lots of energy.

    Gaynor, discussing her enthusiasm for performing, once said, “If there were four people waiting for the streetcar, I’d put on an entire act.”

    Pianist Oscar Levant, watching Gaynor dance on the set of “The I Don’t Care Girl,” said of her: “There’s nothing wrong with being an exhibitionist – if you’ve got something to exhibit.”

    As her career was building, Gaynor dated industrialist-studio chief Howard Hughes (NYSE:).

    “He was dashing, handsome, rich, mysterious,” she said. “I fell madly in love with him. There were airplanes, a whirlwind courtship and, after five months, he proposed.”

    She broke it off and instead married Jack Bean, who would become her manager and only husband.

    Gaynor’s Hollywood highlight was the film version of Richard Rodgers’ and Oscar Hammerstein’s 1949 stage musical “South Pacific,” which had won 10 Tony Awards and a Pulitzer Prize for Drama. The 1958 movie had been long awaited and Gaynor was cast in the prized role that Mary Martin had played on Broadway.

    She played Nellie Forbush, a naive young nurse from Arkansas stationed in the Pacific during World War Two who falls in love with Emile De Becque, a French expatriate planter played by Rossano Brazzi. Nellie turns down De Becque’s marriage proposal because he has two mixed-race children but when he goes missing during a Navy-backed mission against the Japanese, Nellie realizes her racial prejudice is misguided and grows to love the children.

    The film was not a critical success but still was one of the biggest box-office draws of the 1950s. Gaynor’s performance earned her a Golden Globe nomination.

    The movie soundtrack was brimming with songs that became popular standards, such as “Some Enchanted Evening,” “Bali Ha’i,” “There Is Nothing Like a Dame,” “I’m in Love With a Wonderful Guy” and “Younger Than Springtime.” Gaynor singing the bouncy “I’m Gonna Wash That Man Right Outa My Hair” on the beach was one of the film’s standout scenes as her character tried to get over De Becque.

    With the era of Hollywood musicals fading, Gaynor’s last screen role was “For Love or Money,” which paired her with Kirk Douglas, in 1963.

    She then concentrated on live stage shows and became a regular performer in the big Las Vegas resorts. She also staged frequent television variety specials, starting in 1967, with titles such as “Mitzi … A Tribute to the American Housewife,” “Mitzi … And a Hundred Guys” and “Mitzi … What’s Hot, What’s Not.”

    She also appeared as a performer at the Academy Awards several times, notably singing the theme song from “Georgy Girl” at the 1967 ceremony when it won an Oscar for best original song.

© Reuters. FILE PHOTO: Actress Mitzi Gaynor, star of the 1958 film

    It was during her Las Vegas run that Gaynor teamed up with a young Bob Mackie and helped him start his career as a costumer with a flair for rhinestones, sequins, beads, feathers and tassels. Mackie also created the gowns she wore on her television specials.

    Gaynor and Bean, who were married for 52 years until his 2006 death, had no children.

Stock Markets

Billionaire hedge fund manager Loeb shifts portfolio, eyes possible Republican U.S. election wins

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By Svea Herbst-Bayliss

NEW YORK (Reuters) – Billionaire investor Daniel Loeb adjusted his portfolio to capture a potential boom in corporate activity after the Nov. 5 U.S. election where he expects the Republican Party will chalk up wins.

Loeb believes the Republican presidential candidate, Donald Trump, is more likely to win the White House and that his party’s policies could help boost financial markets.

“The likelihood of a Republican victory in the White House has increased, which would have a positive impact on certain sectors and the market overall,” Loeb wrote to investors in his hedge fund Third Point on Thursday. Reuters obtained a copy of the letter.

Third Point has made stock and option purchases and increased positions that “could benefit from such a scenario” while also shifting the “portfolio away from companies that will not,” the letter said. He did not elaborate on what trades the firm has been making.

A Reuters/Ipsos poll this week found that Democratic Vice President Kamala Harris held a marginal lead of three percentage points over Trump as the two stayed locked in a tight race.

Even if Trump loses, Loeb expects the Republican Party will establish a majority in the U.S. Senate which he expects can limit the “economic downside of a “Blue Sweep” by the Democratic party.

Many large investors have expressed concern about the Democrats’ economic and fiscal proposals and Loeb wrote that the party’s plans could result in “crushing taxes,” and “stifling regulations” that could hurt growth.

Wall Street has long held out for a rebound in mergers and acquisitions activity and Loeb wrote that fewer regulations and the elimination of the current administration’s “activist antitrust stance” will “unleash productivity and a wave of corporate activity.”

Since January, Loeb’s flagship fund has returned roughly 14% with the broader stock market index gaining about 23.6%.

© Reuters. FILE PHOTO: Hedge fund manager Daniel Loeb speaks during a Reuters Newsmaker event in Manhattan, New York, U.S., September 21, 2016. REUTERS/Andrew Kelly/File Photo

Turning to the broader economy, Loeb said that interest rates still need to come down, at a time there is no evidence of a looming recession and as inflation is slowing.

But he also thinks markets should remain underpinned by healthy consumer spending and active levels of individual investing.

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NYMTM stock hits 52-week high at $24.55 amid market rally

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In a robust display of market confidence, New York Mortgage (NASDAQ:) Trust Inc Preferred (NYMTM) stock has soared to a 52-week high, reaching a price level of $24.55. This milestone underscores a significant period of growth for the company, which has witnessed an impressive 1-year change with an increase of 13.71%. Investors have shown increased interest in NYMTM, rallying behind the stock as it climbs to new heights, reflecting a strong performance in the face of market dynamics. The 52-week high serves as a testament to the company’s resilience and the positive sentiment surrounding its financial prospects.

InvestingPro Insights

New York Mortgage Trust Inc Preferred (NYMTM) has reached a significant milestone with its stock price hitting a 52-week high. This achievement is particularly noteworthy given the company’s current financial landscape. According to InvestingPro data, NYMTM boasts a substantial dividend yield of 8.07%, which aligns with one of the InvestingPro Tips highlighting that the company “pays a significant dividend to shareholders.” This attractive yield may be a key factor driving investor interest and contributing to the stock’s recent performance.

Despite the stock’s strong showing, it’s important to note that NYMTM faces some challenges. The company’s revenue for the last twelve months stands at $151.99 million, with a concerning operating income margin of -32.06%. This negative margin correlates with another InvestingPro Tip indicating that “analysts do not anticipate the company will be profitable this year.”

For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips that could provide valuable insights into NYMTM’s financial health and future prospects. These additional tips could be particularly useful for understanding the stock’s potential trajectory beyond its current 52-week high.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Isabella Bank Corp director Jill Bourland acquires shares worth $199

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In a recent transaction, Jill Bourland, a director at Isabella Bank Corp (OTC:ISBA), acquired additional shares of the company’s common stock. The transaction, dated October 16, 2024, involved the purchase of 9.5238 shares at a price of $21 per share, totaling approximately $199.

Following this acquisition, Bourland’s total direct ownership in Isabella Bank increased to 4,872.5363 shares. This figure includes shares acquired through the company’s quarterly dividend reinvestment program, as noted in the filing.

Isabella Bank Corp, headquartered in Mount Pleasant, Michigan, operates as a state commercial bank. The bank continues to focus on providing financial services to its local community and beyond.

In other recent news, Isabella Bank Corp revealed a potential loss of around $1.6 million due to negative balances in deposit accounts linked to a single customer. The total exposure to this customer, including loans and lines of credit, amounts to $4.0 million. Piper Sandler maintained a Neutral rating on the bank’s shares following this disclosure. The bank also declared a third-quarter cash dividend of $0.28 per common share. In addition, Piper Sandler raised its price target for Isabella Bank from $20.00 to $22.00 and increased its earnings per share estimates for 2024 and 2025 to $1.80 and $2.10, respectively. These recent developments underscore the bank’s commitment to enhancing shareholder value and its resilience in navigating challenging situations.

InvestingPro Insights

As Jill Bourland increases her stake in Isabella Bank Corp (OTC:ISBA), investors may find additional context in the company’s financial metrics and market performance. According to InvestingPro data, Isabella Bank currently boasts a market capitalization of $158.11 million and trades at a price-to-earnings ratio of 9.81, suggesting a potentially attractive valuation relative to earnings.

The bank’s dividend policy stands out as a key strength. An InvestingPro Tip highlights that Isabella Bank has maintained dividend payments for 17 consecutive years, demonstrating a commitment to shareholder returns. This is further supported by the current dividend yield of 5.27%, which may be particularly appealing to income-focused investors in the current market environment.

Despite a challenging economic backdrop, Isabella Bank remains profitable, with an operating income margin of 26.1% for the last twelve months as of Q2 2024. However, another InvestingPro Tip indicates that net income is expected to drop this year, which investors should monitor closely.

It’s worth noting that Isabella Bank’s stock is trading near its 52-week high, with the current price at 95.51% of that peak. This performance aligns with the company’s recent positive price returns, including a 20.91% total return over the past six months.

For investors seeking a deeper understanding of Isabella Bank’s financial health and market position, InvestingPro offers additional insights with over 10 more tips available for this stock.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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