Staying Informed

Blog posts of '2014' 'January'

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This historic landmark in New Mexico might go up for sale - Friday, January 31, 2014
A Western outpost made famous by the Buffalo Soldiers and the U.S. military's campaign to capture Geronimo is up for sale, one of a number of landmarks nationwide facing the wrecking ball amid tight budgets and a shift in Washington about what history is worth saving.
 
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SurModics Reports First Quarter Fiscal 2014 Results - Thursday, January 30, 2014
SurModics, Inc. , a leading provider of surface modification and in vitro diagnostic technologies to the healthcare industries, today announced results for its fiscal
 
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Harvest Properties and Kinship Capital Complete Sale of The Pioneer Building in San Francisco, California - Thursday, January 30, 2014
Harvest Properties, a full service commercial real estate investment, development and management firm based in Emeryville, in partnership with Kinship Capital, a long-duration real estate investment firm, today announced the sale of their recently repositioned asset, 3180 18th Street in San Francisco, California to New York based Bridgeton Holdings for an undisclosed sum.

 

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PRESS DIGEST- New York Times business news - Jan 30 - Wednesday, January 29, 2014
* Though not a total financial loss, the announced sale of the Motorola Mobility unit for $2.91 billion to Lenovo Group Ltd , less than two years after Google paid $12.5 billion for it, is a sign of fits and starts at the company in the mobile age. * In a unanimous decision, the Federal Reserve said it would pull back on its stimulus program by another $10 billion, pointing to an improving ...

 

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Google agrees to sell Motorola phone business for $2.91 billion - San Jose Mercury News - Wednesday, January 29, 2014

Forbes

Google agrees to sell Motorola phone business for $2.91 billion
San Jose Mercury News
Retreating from its biggest foray into the consumer gadget business, Google said Wednesday it has agreed to sell its unprofitable Motorola phone division for nearly $3 billion just 20 months after buying it. Google's $12.4 billion purchase of Motorola ...
Google Bids Goodbye To The Smartphone Business With $2.9 Billion Motorola ...Forbes
Google agrees to sell Motorola to Lenovo for $2.9 billionUSA TODAY
Google to sell Motorola smartphone business to Lenovo for $2.9 bnThe Hindu
DailyFinance -Marketing Land -Wall Street Journal
all 2,070 news articles »

 

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Choate, Hall & Stewart Receives 2013 “Restructuring Deal of the Year” Award from The M&A Advisor - Wednesday, January 29, 2014
Choate, Hall & Stewart LLP has received The M&A Advisor’s 2013 “Restructuring Deal of the Year” award for representing Salus Capital Partners, LLC in the restructuring and sale of National Envelope, the largest privately held envelope manufacturer in North America.
 
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Velocis Executes 306,142 Square Feet in Transactions in December 2013 - Tuesday, January 28, 2014
Velocis, a private equity real estate fund, and its investors, completed more than 300,000 square feet in transactions in December 2013, further highlighting the Fund’s ability to strategically deploy capital and deliver high returns for investors.
 
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Fitch: Overseas Demand for Hotels A Credit Positive For Sector - Tuesday, January 28, 2014
Strong overseas institutional demand for real estate assets will lead to additional sales by lodging C-Corps in 2014 ¬タモ a credit positive for the sector given the greater stabilit

 

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D.R. Horton, Inc., America’s Builder, Reports Fiscal 2014 First Quarter Earnings and Declares Quarterly Dividend - Tuesday, January 28, 2014
FORT WORTH, Texas--(BUSINESS WIRE)--D.R. Horton, Inc. (NYSE:DHI), America’s Builder, today reported that net income for its first fiscal quarter ended December 31, 2013 increased 86% to $123.2 million.
 
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Malaga Financial Corporation Reports Consistent Strong Earnings — Rewards Shareholders with Special Year-End Dividend - Monday, January 27, 2014
PALOS VERDES ESTATES, Calif.--(BUSINESS WIRE)--Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2013 was $11,494,000 ($1.94 basic and $1.93 fully diluted earnings per share) as compared to $11,689,000 ($1.98 basic and $1.96 fully diluted earnings per share) for the twelve months ended ...

 

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Gai leads the charge for Perth yearling sale - Monday, January 27, 2014
Melbourne Cup-winning trainer Gai Waterhouse will headline a who's who of interstate and overseas trainers to descend on the Perth Magic Millions yearling sale.
 
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HBC brings Saks to Canada - Monday, January 27, 2014
Hudson's Bay says it will sell its flagship downtown Toronto store and neighboring office tower to commercial real estate owner Cadillac Fairview.

 

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VFW Post 3074 closing doors and up for sale - Monday, January 27, 2014
For more than 60 years, the Veterans of Foreign Wars' Post 3074 in Lexington has served as a second home for our nation's heroes.

 

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Fitch Rates Fort Worth, Texas' $174MM Water and Sewer Revs 'AA'; Outlook Stable - Monday, January 27, 2014
AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' rating to the following Fort Worth, Texas (the city) revenue bonds: --Approximately $172.1 million water and sewer system revenue refunding and improvement bonds, series 2014. The bonds are expected to sell via negotiated sale the week of Feb. 3, 2014. Proceeds will be used to fund improvements and extensions to the system, refund a ...

 

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Fitch Rates $237MM Wisconsin GO Bonds 'AA'; Outlook Stable - Monday, January 27, 2014
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA' rating to the following general obligation (GO) bonds of the State of Wisconsin: --$237.15 million GO bonds of 2014, series A. The bonds will be sold via competitive sale Jan. 28, 2014. In addition, Fitch has affirmed the following ratings of the state: --$7.1 billion in GO bonds at 'AA'; --$695.3 million in GO extendible municipal ...

 

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Home-sale decline ends best year since 2008 - Monday, January 27, 2014
Sales of new U.S. homes dropped more than forecast in December as cold weather helped put a chill on the industry.

 

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ELS Reports Fourth Quarter Results - Monday, January 27, 2014
CHICAGO--(BUSINESS WIRE)--Equity LifeStyle Properties, Inc. (NYSE: ELS) (referred to herein as “we,” “us,” and “our”) today announced results for the quarter and year ended December 31, 2013. All per share results are reported on a fully diluted basis unless otherwise noted. Financial Results for the Quarter Ended December 31, 2013 Normalized Funds from Operations (“Normalized FFO”) increased $6 ...

 

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The Central Europe, Russia and Turkey Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc ... - Monday, January 27, 2014
NEW YORK--(BUSINESS WIRE)--The Central Europe, Russia and Turkey Fund, Inc. (NYSE:CEE), The European Equity Fund, Inc. (NYSE:EEA) and The New Germany Fund, Inc. (NYSE:GF) (each, a “Fund,” and, collectively, the “Funds”) announced today that each Fund’s next measurement period will commence on Monday, April 7, 2014 and will expire on Friday, June 27, 2014. The measurement period is being set in ...

 

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MWV Announces Special Dividend and Share Repurchases for Remaining U.S. Forestlands Sale Proceeds - Monday, January 27, 2014
MeadWestvaco Corporation , a global leader in packaging and packaging solutions, today announced that its Board of Directors has approved the final form of shareholder returns for the remaining $569 million of proceeds from the company’s sale of all of its U.S.

 

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Hudson's Bay to sell flagship store, debut Saks in Canada - Monday, January 27, 2014
* HBC to lease back space, open 150,000-square-foot Saks * Cash will go toward debt, growth initiatives, HBC says TORONTO, Jan 27 (Reuters) - Hudson's Bay Co said on Monday that it will sell its flagship downtown Toronto store and neighboring office tower for C$650 million ($587.09 million) to commercial real estate heavyweight Cadillac Fairview Corp and open a full-line Saks store in the leased ...

 

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