| SL Green approves stock buyback
Real estate investment trust SL Green Realty Corp. on Tuesday said it will repurchase up to $300 million worth of its stock, or about 3.4 percent of outstanding shares based on the current market price. The buyback program expires Dec. 31, 2008. SL Green lost a penny to close at $138.64 on the New York Stock Exchange. .
Arbor part of group selling NY building
Real estate investment trust Arbor Realty Trust Inc. said Tuesday that it is part of an investor group that is selling a New York property for about $480 million. The investor group for the 200 Fifth LLC Holdings partnership entered an agreement to sell the 200 Fifth Avenue building, but will keep an adjacent building at 1107 Broadway. The partnership plans to use the proceeds to repay all outstanding debt on 200 Fifth Avenue and 1107 Broadway and return substantially all of the invested capital to partners. The partnership also plans to obtain new debt on the Broadway building with proceeds of the financing distributed to partners on a pro-rata basis. The partnership has yet to decide if it will redevelop the property or look to sell it. Arbor said it currently has $137 million outstanding mezzanine debt to the partnership and a 20 percent equity stake in the underlying partnership with about $17 million of invested capital.
Big bucks aren't needed to invest
Contrary to popular belief, investing on Wall Street is not only for the wealthy. In fact, you can dip your toe into the stock market with as little as $50 a month.
If you are in your 20s or 30s, you should make it a priority to start investing beyond your company's retirement plan, such as a 401(k), for two main reasons, experts say. First, you have time to take advantage of the higher long-term returns that stocks offer compared to savings accounts. Second, you will likely have to fund your own retirement, and it will be hard to do that unless you are in the stock market.
.
Terry Bortnick Joins CVX Properties, Inc. as its President
ORANGE COUNTY, Calif., March 29 /PRNewswire/ -- CVX Properties, a Scottsdale Arizona based REIT, has acquired Terry Bortnick as its President. Bortnick formerly was the president of REZA Investment Group. Terry joins the team at CVX Properties, Inc. with over 19 years of real estate experience. Michael Roberts, founder and CEO of CVX Properties, Inc., says Bortnick is a dynamic charismatic leader that will lead CVX Properties in their bid to becoming one of the leading Real Estate Investment Trust's in the country. "Terry brings an astute blend of knowledge, .
DR CONGO: Minerals Flow Abroad, Misery Remains
WASHINGTON, Jul 5 (IPS) - International companies and local elites in the Democratic Republic of Congo (DRC) are pocketing revenues from copper and cobalt production instead of sharing it with local communities or spending it to reduce poverty, a watchdog group charged Wednesday.
A new report by the London-based Global Witness says that despite being one of the richest copper- and cobalt-producing areas in the world, the province of Katanga in southeastern DRC remains severely poor and the population has little or no infrastructure or public services.
"The profits are serving to line the pockets of a small but powerful elite -- politicians and businessmen who are exploiting the local population and subverting natural riches for their own private ends," says the report, whose authors based their findings on field research in November and December last year.
Chemeq in $75m refinancing deal with mystery banker
Beleagured Rockingham-based animal pharmaceutical products manufacturer Chemeq Ltd has announced a $75 million refinancing proposal from a little-known St Georges Terrace banker International Finance Corporation of Australasia Pty Ltd. The deal comes despite current legal action which threatens to send the company under. IFCA, which is chaired by David Petersen, will subscribe for around 310 million shares at 19.35 cents each to raise $60 million under the first stage of the deal. Mr Petersen is linked to the building of the now defunct Perth Entertainment Centre and the production companies of Michael Edgley during the late 1980s. The share deal, which would give IFCA a 75 per cent stake in the firm, would be followed by a non-renounceable rights issue to all Chemeq shareholders to raise a further $15 million at the same price.
Abdali Investment and Development Psc, Gold Sponsor of 14th Dead ...
In a move that reaffirms its community centered values, Abdali Investment and Development psc (Abdali psc.) is proud to announce its gold sponsorship of the Dead Sea Ultra Marathon, which will take place on Friday April 13th 2007 under the patronage of H.R.H. Prince Raad Bin Zeid. The annual event in Jordan has already gained an important following over the years for its support of the Society for Care of Neurological Patients, headed by HRH Prince Firas Bin Raad. Founded in 1986, under the honorary patronage of HRH Prince Hassan Bin Talal, the society assists needy neurological patients by providing financial help for necessary surgical procedures, as well as increasing awareness about neurological diseases and traumas. The gold sponsorship comes in line with Abdali psc's long term strategy to tactically heighten its social responsibility and strengthen its relations with the local community.
Portfolio Analyst/Associate Portfolio Manager - Select Holdings
This position is responsible for providing analysis and implementation support for all Select Holdings portfolios managed by Russell Investment Services (RIS). This position supports the Portfolio Manager (PM) and Select Holdings Team with all aspects of investment management, portfolio implementation, analysis, and client reporting function .
|
