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Elbit Imaging Terminates Standby Equity Purchase Agreement With Yorkville
Tuesday, May 31, 2011 - 2:01pm | 66Elbit Imaging Ltd. (NASDAQ: EMITF) announced today that the Standby Equity Purchase Agreement dated March 25, 2011 between Elbit and YA Global Master SPV Ltd. was terminated by mutual consent. Elbit did not draw down any funds or issue any shares under the agreement. For further information with...
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UPDATE: E-House Reports 17% Rise In Q1 Revenue
Tuesday, May 31, 2011 - 6:46am | 107E-House (China) Holdings Limited (NYSE: EJ) released its results for the first quarter on Tuesday. EJ's Q1 non-GAAP income from operations declined 60% y/y to $10.3 million. Its non-GAAP net income attributable to E-House shareholders fell 58% y/y to $7.5 million, or $0.09 per American depositary...
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Bank of America Merrill Lynch Reiterates Buy on Jones Lang LaSalle
Tuesday, May 31, 2011 - 6:38am | 120Bank of America Merrill Lynch is out with its report today on Jones Lang LaSalle (NYSE: JLL), reiterating Buy. In a note to clients, Bank of America Merrill Lynch writes, "JLL is positioned as one of the industry leaders in the commercial real estate services market. We believe JLL gained share...
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Earnings Scheduled For May 31
Monday, May 30, 2011 - 11:57pm | 146Phillips-Van Heusen Corporation (NYSE: PVH) is projected to report its Q1 earnings at $1.16 per share on revenue of $1.34 billion. China Real Estate Information Corp (NASDAQ: CRIC) is expected to report its Q1 EPS at $0.04 on revenue of $40.11 million. Lions Gate Entertainment Corp (NYSE: LGF) is...
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Gramercy Capital (GKK): A Graham Stock Wrapped in a Mystery
Friday, May 27, 2011 - 11:15pm | 4311The investment analysis below is our twelfth in our series of guest posts, and is brought to you by friend of the blog PlanMaestro of the fantastic Variant Perceptions. We will keep the intro quick but safe to say we are honored to bring our readers Plan's latest write-up on Gramercy Capital (GKK...
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American Spectrum Realty Announces Board Member Resignation
Friday, May 27, 2011 - 7:50am | 25American Spectrum Realty, Inc. (NYSE: AQQ) announced today that Board Member William W. Geary, Jr. has resigned.
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Benzinga's Top ETF Gainers, May 26th (VNM, DRN, TNA, EDC)
Thursday, May 26, 2011 - 6:02pm | 218Market Vectors Vietnam ETF (NYSE: VNM) jumped 4.56% on Thursday, and it closed at $20.40. VNM broke its eight day losing streak today. Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) gained 4.42%, and it closed at $76.36. In the semiconductor space, Boston Properties, Inc. (NYSE: BXP) gained...
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Options Brief: The St. Joe Company
Thursday, May 26, 2011 - 9:47am | 75Shares of The St. Joe Company (NYSE: JOE) are lower on the session by 1.14%, trading at $21.62. Overall put volume is now running at 2.63x the daily average, with 32% of all puts traded being purchases on the offer. 3,082 contracts have traded on the session so far. The St. Joe Company is a real...
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Morning Market Movers
Thursday, May 26, 2011 - 8:55am | 133Clean Diesel Technologies Inc (NASDAQ: CDTI) shares advanced 53.85% to $6.00 at 9:50 am. CDTI's Heavy Duty Diesel Systems division received around $2.0 million in orders for its verified (approved) emission reduction products. Xinyuan Real Estate Co Ltd (NYSE: XIN) climbed 15.63% to $2.22. XIN...
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Xinyuan Real Estate Declares $0.05 Dividend and Announces $10M Share Buyback Program
Thursday, May 26, 2011 - 7:31am | 183Xinyuan Real Estate (NYSE: XIN) announced today that its Board of Directors has declared a cash dividend of US$0.05 per common share, or US$0.10 per American Depositary Share, payable on June 20, 2011 to shareholders of record on June 10, 2011. Xinyuan also announced that its Board of Directors...
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Grubb & Ellis Company Receives Listing Standards Notice From NYSE
Wednesday, May 25, 2011 - 3:11pm | 63Grubb & Ellis Company (NYSE: GBE) today reported that on May 19, 2011, it was notified by the New York Stock Exchange that it is not currently in compliance with the NYSE's continued listing standards, which require an average market capitalization of not less than $50 million over 30...
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Marathon Announces Favorable IRS Ruling on Tax-Free Nature of Planned Spin-off
Tuesday, May 24, 2011 - 8:48am | 123Marathon Oil Corporation (NYSE: MRO) announced today that the U.S. Internal Revenue Service (IRS) has provided a favorable private letter ruling confirming the tax-free status of the planned spin-off of the Company's downstream business, Marathon Petroleum Corporation. Based on certain facts,...
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Morning Market Losers
Monday, May 23, 2011 - 8:56am | 122Elbit Imaging Ltd (NASDAQ: EMITF) shares moved down 19.53% to $8.20 at 9:55 am. EMITF's board of directors approved the buyback of up to NIS 150 million (around $43 million) of Elbit's Series A through F Notes. SmartHeat Inc (NASDAQ: HEAT) shares dropped 19.21% to $1.43. HEAT posted a surprise...
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Liberty Propery Cut to Sell From Neutral at Goldman Sachs
Friday, May 20, 2011 - 6:30am | 19Goldman Sachs downgrades Liberty Property (NYSE: LRY) from Neutral to Sell.
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BK to Tim G. – "Prove it!"
Thursday, May 19, 2011 - 11:39am | 1195John Bellows over at the Treasury department wrote a Blog that called for a return of the Build America Bond (“BAB”s) program. He used some "facts" to make his point. I don't think he has the facts at all. I'll let you decide. I'll also ask the Treasury department for a clarification. This is...