| Canada-bashing clearly driven by ideology
Wrong then or wrong now? There has been much local hand-wringing from last week's reports by the U.K. Economist and the World Trade Organization about threats to Canada's current status as one of the world's best places to do business. The same "Economist Intelligence Unit" that celebrated the Canadian economic miracle in a cover story not so long ago now finds that Canada is hobbled by internal trade barriers among provinces and territories; skills shortages; high corporate taxes and jurisdictional disputes between levels of government that has reduced our "political effectiveness" rating to 15th, trailing the United States, Britain, France and Germany among the G-7 countries. The WTO piles on with complaints about Canada's continued agricultural protectionism and restrictions on foreign investment.
Nuveen Real Estate Income Fund Establishes Equity Shelf Program
CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading provider of diversified investment services, today announced the Nuveen Real Estate Income Fund (AMEX:JRS) has filed an initial registration statement to establish an equity shelf program. The program is designed to provide the fund's portfolio managers with additional flexibility in pursuing attractive investment opportunities they believe may enhance long-term shareholder returns. Under its equity shelf program, the fund, subject to market conditions, may raise additional equity capital from time to time in varying amounts and offering methods at a net price at or above the fund's net asset value per common share. The fund's investment objective is high current income and capital appreciation. The fund invests at least 90% of its total assets in income producing common stocks, preferred stocks, convertible preferred stocks and debt securities issued by real estate companies; and the fund uses leverage.
First Look: Industry News & Analysis
J-M Manufacturing (JMM; Livingston, NJ) and PW Eagle (Eugene, OR), two leading pipe processors, have announced a tentative merger that would create a North American pipe giant with 26 plants and estimated revenue well over $1 billion. In the deal, which is pending shareholder approval but has been agreed to in principal by the companys largest shareholder, JMM would purchase PW Eagle for approximately $400 million. According to JMM Marketing Director Marc Miller, PW had estimated 2006 revenue of $790 million. JMM doesnt release financial data. The deal is expected to close in the second quarter. JMM was created in 1982 from the purchase of eight polyvinyl chloride (PVC) pipe plants from Johns Manville Corp. Today, in addition to PVC pipe, its 14 facilities also extrude high-density polyethylene (HDPE) pipe.
New owner to keep Elitch Gardens name
PARC Management, the new operator of the historic Denver amusement park, unveiled its new name, which drops the Six Flags moniker, and an updated logo at a press conference earlier today. PARC Management highlighted several family-friendly changes it is making for the upcoming season, which begins April 28. Additions include a new extreme tube slide - called RipQurl - in the Island Kingdom Water Park, scheduled to open in June. The park has also increased its entertainment offerings, adding a new cirque-style performance called Bailamos and an urban acrobatic production called X-City! "As we seek to honor the past, we seek to establish for Elitch Gardens an even richer .
Review of Antares' South End plan begins
STAMFORD - City officials and consultants are examining the first phase of a project - set for review next week - that would add about 10,000 residents to the South End.
The Planning Board will hold its first meeting Tuesday night on the initial phase of Harbor Point, a plan by Antares Investment Partners to convert more than 80 acres of industrial land into several neighborhoods with 4,000 housing units, big-box stores and other retail, and hotel and office space.
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Major Averages Cling To Modest Gains In Late-Day Trading
(RTTNews) - The major averages are all in positive territory in late-day trading on Tuesday, although buying interest remains subdued. Energy and gold stocks are posting some notable gains as a result of an increase in commodities prices. The Dow is currently up 3.74 at 12,572.88, the Nasdaq is up 6.39 at 2,475.57 and the S&P 500 is up 3.51 at 1,448.12. Copyright(c) 2007 RealTimeTraders.com, Inc. All Rights Reserved Related Articles .
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