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Intelligent Living Provides Update on Strategic Initiatives
Wednesday, June 8, 2011 - 10:03am | 686Intelligent Living Corp (OTCBB: ILVC), a leading provider of green building automation and technology solutions, operating alongside other green building companies like Trex Company Inc. (NYSE: TREX) and Liberty Property Trust (NYSE: LRY), recently provided an update on its strategic initiatives....
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Man Busted Bootlegging $1 Million in Quicken/Turbo Tax Software
Tuesday, June 7, 2011 - 11:55am | 620And of course he didn't report the sales of counterfeit software on his income taxes. Via Fox19 (Cincinnati): Brandon C. Davis, 31, of Cincinnati pleaded guilty today to selling more than $1 million worth of counterfeit financial and tax preparation software through an internet auction site....
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Stocks Hitting 52-Week Highs
Tuesday, June 7, 2011 - 9:19am | 154Syms Corp (NASDAQ: SYMS) shares rose 1.47% to create a new 52-week high of $11.04. SYMS shares have jumped 55.43% over the past 52 weeks, while the S&P 500 index has gained 22.44% in the same period. Alto Palermo SA (NASDAQ: APSA) shares gained 21.34% to create a new 52-week high of $24.51....
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Morning Market Movers
Tuesday, June 7, 2011 - 8:49am | 125Temple-Inland Inc (NYSE: TIN) shares advanced 41.22% to $29.67 at 9:45 am. Temple-Inland adopted the stockholder rights plan. TIN rejected a $3.3 billion unsolicited takeover bid from International Paper Co (NYSE: IP). Alto Palermo SA (NASDAQ: APSA) shares surged 23.76% to $25.00. APSA's trailing-...
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Brookfield Office Properties Announces Management Changes
Monday, June 6, 2011 - 9:32am | 184Brookfield Office Properties Inc. (NYSE: BPO) and Brookfield Office Properties Canada today announced a series of promotions and an addition to its executive management team. Dennis Friedrich has been promoted to president and global chief investment officer of Brookfield Office Properties. In...
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$112 Million Capital Deployed and Committed
Monday, June 6, 2011 - 7:17am | 129Winthrop Realty Trust (NYSE: FUR), a diversified REIT that focuses on opportunistic debt and equity investments in real estate, has executed or entered into several agreements positively effecting its equity owned property portfolio and its loan portfolio deploying and committing to deploy since...
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UPDATE: ISI Raises PT on Vornado Realty to $93
Monday, June 6, 2011 - 7:12am | 90ISI is out with its report today on Vornado Realty (NYSE: VNO), raising its PT from $91 to $93. In a note to clients, ISI writes, "Based on our $93 price target, we expect VNO to post a forward 12 month total return of +1%, compared to a +6% expectation for the REIT sector. VNO trades at a 5.8%...
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ISI Group Raises PT On VNO To $93
Monday, June 6, 2011 - 5:59am | 28ISI Group has raised the price target on Vornado Realty Trust (NYSE: VNO) from $91 to $93 and maintains its Hold rating.
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General Growth Properties Down Sharply Since Reuters Report
Friday, June 3, 2011 - 12:38pm | 106General Growth Properties, Inc (NYSE: GGP) shares have done nothing but sell off since the report out of Reuters that the company would spin 35 of its non-core properties off into a real estate investment trust. At last check, shares were off 23 cents to $16.27, after having hit a high of $16.80...
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Firstservice to Buy Back Shares Up to 10%
Friday, June 3, 2011 - 8:03am | 293FirstService Corporation (Nasdaq: FSRV) announced today that the Toronto Stock Exchange has accepted a notice filed by FirstService of its intention to make a normal course issuer bid with respect to its outstanding subordinate voting shares (the "Subordinate Voting Shares") and 7% cumulative...
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It's Ok To Not Get It
Thursday, June 2, 2011 - 8:12am | 619Yesterday David Yablon tweeted that the Fairholme Fund (FAIRX) managed by Bruce Berkowitz is down on the year versus a modest gain for the S&P 500. Per Google Finance FAIRX is down 7.75% and SPY is up 4.87%. For the last ten years (the default time frame at Morningstar for this fund) $10,000...
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Earlier, Trillium Capital LLC Makes Proposal to Acquire 100% Ownership of Stream Global Services, Inc. for $4.65 Per Common Share in Cash Plus Assumption of Debt
Wednesday, June 1, 2011 - 10:37am | 623Trillium Capital LLC has submitted a non-binding proposal to the Board of Directors of Stream Global Services, Inc. to acquire 100% of the duly issued and outstanding common shares of Stream Global Services, Inc. and all of its subsidiaries, (NYSE: SGS), for a price per common share for $4.65 in...
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Oppenheimer Lowers PT On EJ, CRIC
Wednesday, June 1, 2011 - 6:00am | 42Oppenheimer has lowered the price targets on the following companies E-House China Holdings (NYSE: EJ) Outperform, from $17 to $13 China Real Estate Information (NASDAQ: CRIC) from $12.50 to $10
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Benzinga's Top ETF Gainers, May 31st (CZM, DZK, TAN, DRN)
Tuesday, May 31, 2011 - 6:08pm | 210Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) spiked 6.43% on Tuesday, and it closed at $51.01. PetroChina Company Limited (ADR) (NYSE: PTR) is a component of the BNY China Select ADR Index, and it gained 3.27%. Direxion Daily Developed Markets Bull 3X Shares(ETF) (NYSE: DZK) jumped 6.18%...
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Forestar Reports $100M Convertible Notes Offering
Tuesday, May 31, 2011 - 3:05pm | 146Forestar Group (NYSE: FOR) today announced that its wholly-owned subsidiary, Forestar Real Estate Group Inc. ("Forestar USA"), intends to offer, in a private transaction, $150 million aggregate principal amount of senior secured notes due 2019 (the "Secured Notes"), subject to market conditions and...