Fitch Ratings has affirmed the ratings for EastGroup Properties, Inc. (NYSE:EGP) as follows: More…
The cars and trucks may gleam in the sun, but it’s the land underneath the Bill Heard chain of car dealerships that could hold the most value. More…
The prized Neuberger Berman asset management business of bankrupt Lehman Brothers Holdings Inc […]
WASHINGTON Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions. Continue…
Fitch Ratings has affirmed […]
Updated 9:39 a.m.: Citigroup has agreed to buy Wachovia s banking operations in a government-brokered deal for $1 a share in stock, a move that that would concentrate power within the nation s banking industry in the hands of a few giant lenders, The New York Times s […]
Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. , today announces a new service that will provide greater access to FDIC insurance. Certificate of Deposit Account Registry Services, , allows individuals and businesses the security of FDIC insurance of up to $50 million on CD investments, with just one banking relationship at Monarch […]
The strategic benefits of Citigroup Inc.’s (Citi) acquisition of Wachovia Corporation’s (Wachovia) retail, corporate/investment and private banking operations are tempered by Citi’s own escalating asset quality challenges, according to Fitch Ratings. Fitch has placed Citi’s ‘AA-’ long-term Issuer Default Rating (IDR) on Rating Watch Negative following the announced agreement. More…
SOMERSET […]
Sept. 29 (Bloomberg) — Gold jumped on demand for a haven as governments in the U.S. and Europe raced to prop up lenders amid the persistent credit squeeze. Silver declined. More…
In the inky blackness of the night, I hear them. Here in the US Pacific Northwest, with the sun no longer ionizing the upper […]
Sept. 29 (Bloomberg) — Gold jumped on demand for a haven as governments in the U.S. and Europe raced to prop up lenders amid the persistent credit squeeze. Silver declined. More…
Sept. 22 (Bloomberg) — Lehman Brothers Holdings Inc. ’s bankruptcy filing may delay the sale of about $30 billion of commercial real estate assets […]
U.S.-based private equity fund Oaktree Group said Thursday that it will take control of a Japanese real estate investment trust after its sponsor announced bankruptcy. Oaktree, which manages assets worth $58.7 billion, will become the sponsor of Re-plus Residential Investment Inc. after Re-plus Inc. filed for bankruptcy protection Wednesday. Read the full […]
Sept. 26 (Bloomberg) — The following companies may have unusual price changes in Japanese trading on Sept. 29. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise. More…
Sept. 22 (Bloomberg) — Lehman Brothers Holdings Inc. ’s bankruptcy […]
SOMERSET . A New York real estate magnate has bought the historic Somerset Refinery for $2.2 million and said he wants to have it up and running by early next year. That would begin a new chapter for the refinery. It had been turning crude oil into […]
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