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04 Sep 2012
Lloyds Said Planning to Sell $2.5 Billion of Mainly Irish Loans

Lloyds Banking Group Plc (LLOY) plans to sell about 2 billion euros ($2.5 billion) of mainly Irish real- estate loans, the latest phase in extricating itself from Western Europes biggest property crash, according to a person with knowledge of the transaction / Source: bloomberg

03 Sep 2012
Campari Buys Rum Maker Lascelles DeMercado in Third-Largest Deal

Davide Campari-Milano SpA (CPR) said it will purchase Lascelles deMercado & Co., the Jamaican maker of Appleton rum, in a deal worth $414.8 million to hasten the Italian distillers push into overseas markets / Source: bloomberg

03 Sep 2012
Australia Retail Sales Drop by Most Since 10, Profits Fall

Australian retail sales unexpectedly declined in July by the most in almost two years and company profits dropped for a third straight quarter, sending the local currency to a five-week low / Source: bloomberg

31 Aug 2012
Goldman Sachss Scherr Sells His Co-Op for $5.6 Million

Stephen M. Scherr, head of financing and Latin America at Goldman Sachs Group Inc. (GS), sold his Fifth Avenue co-op in Manhattan for $5.6 million, almost four months after buying a home on Park Avenue.  / Source: bloomberg

31 Aug 2012
MGM Resorts Proposes $800 Million Massachusetts Casino-Hotel

MGM Resorts International (MGM), the largest casino operator on the Las Vegas Strip, announced plans to develop an $800 million gambling, hotel and entertainment project in Springfield, Massachusetts. / Source: bloomberg

30 Aug 2012
Billionaire Fails to Find Paradise Betting on Costa Rica Resort

When Charles Brewer was shown the piece of land in Guanacaste province, Costa Rica, back in 2006, he knew immediately it was what he had been looking for. Located on the Central American nations Pacific coast, it consists of 1,200 acres of rolling hills, with numerous overlooks, a crescent beach and roaming monkeys / Source: bloomberg

30 Aug 2012
AT&T to Take On Apple, Verizon With Flagship Chicago Shop

AT&T Inc. (T) is refining its retail strategy with its first flagship store, a location on Chicagos Michigan Avenue that goes beyond phones and tablets to show services such as fitness applications and smartcar features / Source: bloomberg

29 Aug 2012
Dublins Burlington Hotel on Sale for About 25% of 2007 Cost

The Burlington Hotel in Dublin was put up for sale with an asking price of as much as 75 million euros ($94 million), about a quarter of what Irish developer Bernard McNamara paid for the property five years ago / Source: bloomberg

29 Aug 2012
Carrefour CEO Reverses Five-Year Stock Drop Before Giving Plan

Carrefour SA (CA)s new chief executive officer has started to reverse a five-year slump in the worlds second-largest retailer even before outlining his strategy / Source: bloomberg

28 Aug 2012
Zara Enters South Africa as Foreign Brands Seek Growth

For years, South Africans wanting clothes from stores such as Zara (ITX) and Topshop could only get them when traveling abroad. Now, theyre available at the local mall as mid-market apparel retailers rush into the country, seeking to create a base for expansion across Africa / Source: bloomberg

28 Aug 2012
Centro Retail Reports Loss on Restructure Costs, Litigation

Centro Retail Australia (CRF) reported a A$222.9 million ($230.8 million) loss in its first seven months of operations, primarily due to costs related to its restructure and shareholder litigation / Source: bloomberg

27 Aug 2012
Hertz Buying Dollar Thrifty for $2.6 Billion in Cash

Hertz Global Holdings Inc. (HTZ), after more than half a decade of trying, struck a deal to buy Dollar Thrifty Automotive Group Inc. for about $2.6 billion in cash and secure its place as the No. 2 player in the U.S. market / Source: bloomberg

27 Aug 2012
Tiffany Jumps After Store Sales Drop Less Than Estimated

Tiffany & Co. (TIF), the worlds second- largest luxury jewelry retailer, jumped as much as 8.4 percent in early trading after reporting a drop in worldwide comparable- store sales that was smaller than some analysts projected / Source: bloomberg

24 Aug 2012
General Growth Shareholder Says It Wont Pursue Takeover

General Growth Properties Inc. (GGP)s largest shareholder said it wont pursue a takeover of the company and has no interest in unloading its stake after investor Bill Ackman urged the mall owner to consider a sale / Source: bloomberg

24 Aug 2012
Future Fund Offers A$2 Billion for Infrastructure Assets

Australias sovereign wealth fund offered to buy the assets of the countrys largest listed infrastructure fund for A$2 billion ($2.1 billion), seeking steady earnings from airports across the nation / Source: bloomberg

23 Aug 2012
Ahold Shares Decline as Dutch Margins Miss Estimates

Royal Ahold NV (AH), the Dutch owner of Stop & Shop grocery stores, fell the most in 11 weeks in Amsterdam as a crunch in its domestic market offset improved profitability in the U.S. in the second quarter / Source: bloomberg

23 Aug 2012
Diageo Profit Rises as Emerging Markets Bolster Revenue

Diageo (DGE) Plc, the worlds biggest distiller, reported increased annual revenue and profit as a recovery in demand for spirits in the U.S. and sales in emerging markets help offset tough European conditions / Source: bloomberg

22 Aug 2012
American Eagle Gains After Boosting Full-Year Profit View

American Eagle Outfitters Inc., the teen-apparel chain that brought in a new chief executive officer in January, rose the most in more than seven weeks after raising its full-year profit forecast amid increasing sales / Source: bloomberg

21 Aug 2012
Gramercy to Buy 115 Office Buildings in $485 Million Deal

Gramercy Capital Corp. (GKK), a real estate investment trust that finances commercial property, agreed to buy 115 office buildings from an affiliate of KBS Real Estate Investment Trust Inc. in a deal valued at $485 million / Source: bloomberg

21 Aug 2012
Mirvac Profit More Than Doubles on Properties, Office Unit

Mirvac Group (MGR), Australias third- biggest diversified property trust by assets, said full-year profit more than doubled after high occupancies boosted income at its office division and the value of investment properties rose / Source: bloomberg


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