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Benzinga's Top ETF Gainers (DRN, IDX, FAS, ERX)
Wednesday, March 17, 2010 - 4:26pm | 334Real estate stocks traded on the upside today, just like Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN). This ETF corresponds to 300% of the price performance of the MSCI US REIT Index, whose main components are Simon Property Group, Inc (NYSE: SPG), Vornado Realty Trust (NYSE: VNO) and...
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TARP Repayments, Rating Upgrades Give Financials A Facelift (HIG, DFS, UNM, LNC, GGP, SPG, CIT)
Wednesday, March 17, 2010 - 2:06pm | 349The financial sector stood out in the Standard & Poor's 500 as it led the gains today. The sector was propelled by upgrades in rating for some insurers and the repayment of government bailouts. Some of the financial stocks that outshone today are: Hartford Financial Services Group (NYSE: HIG)...
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Simon (SPG) Preparing A New Offer For General Growth (GGP)
Wednesday, March 17, 2010 - 11:41am | 285Bloomberg has quoted an unidentified source to report that Simon Property Group, Inc. (NYSE: SPG) is in the process of preparing a new offer for General Growth Properties, Inc. (NYSE: GGP). Last month, Simon, the biggest US mall owner, had offered to purchase bankrupt General Growth for more than...
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Monday March 15th ETF Movers: IFNA, PKOL
Monday, March 15, 2010 - 4:16pm | 265In midday trading Monday, the iShares North America Index Fund (NASDAQ:IFNA) is outperforming other ETFs, up about 1.4% on the day. Components of that ETF showing particular strength include shares of Dupont Fabros Technology (NYSE:DFT), up about 0.7% and shares of Kite Realty Group (NYSE:KRG), up...
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Bidders For General Growth Properties (GGP) Look To Sovereign Wealth Funds For Support
Monday, March 15, 2010 - 8:17am | 288According to a report by the Financial Times, rival bidders for General Growth Properties, Inc. (NYSE: GGP) are looking to sovereign wealth funds (SWF) for financial support on the deal. General Growth Properties is the bankrupt owner of some of U.S’s biggest shopping malls. The bidders for the...
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"Mad Money:" Cramer Lists AXP, XOM, IBM, KO, PFE, MSFT, T, AA As Laggards
Wednesday, March 10, 2010 - 7:26am | 551In his "Mad Money" TV show, Jim Cramer said that the markets would be able to breach the highs reached in January only if “laggards start pulling their own weight.” Cramer listed 10 worst performers in the Dow Jones Industrial Average, starting from American Express (NYSE: AXP), which has lost 2%...
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Honeywell Wins Shell Contract - Zacks Tale of the Tape
Tuesday, March 9, 2010 - 12:22pm | 628Honeywell International Inc. (HON) announced that it has bagged a global five-year agreement to be a Main Automation Contractor (MAC) for Royal Dutch Shell (RDS-A). The Global Framework Agreement is part of Shell's long-term MAC strategy to maximize production while lowering total operating costs...
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Honeywell Wins Shell Contract - Analyst Blog
Tuesday, March 9, 2010 - 11:35am | 628Honeywell International Inc. (HON) announced that it has bagged a global five-year agreement to be a Main Automation Contractor (MAC) for Royal Dutch Shell (RDS-A). The Global Framework Agreement is part of Shell's long-term MAC strategy to maximize production while lowering total operating costs...
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General Growth Properties, Inc. (GGP) Gets Additional Funds From Investors
Tuesday, March 9, 2010 - 7:14am | 157According to a report by Bloomberg, General Growth Properties, Inc. (NYSE: GGP) has received an offer of $3.93 billion in investment from its biggest debt, and equity holders. This investment will give further boost to Brookfield Asset Management, Inc.’s (NYSE: BAM) plan to help General Growth out...
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Monday’s ETF Movers: IFNA, KWT
Monday, March 8, 2010 - 5:36pm | 56In midday trading Monday, the iShares FTSE EPRA/NAREIT North America Index Fund ETF (NASDAQ:IFNA) is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Cbl & Assoc Properties (NYSE:CBL), up about 4.9% and shares of Felcor...
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Benzinga's Top ETF Decliners (DRV, EDZ, TZA, FAZ)
Friday, March 5, 2010 - 3:41pm | 208Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) is down 7.20% as real estate sector, led by Simon Property Group (NYSE: SPG) and Kimco Realty Corporation (NYSE: KIM) is doing well. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) dropped 7.39% because MSCI Emerging Markets...
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Benzinga's Top ETF Gainers (DRN, EDC, TNA, FAS)
Friday, March 5, 2010 - 3:23pm | 264Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) currently has the biggest gains among the ETFs with an increase in price of 7.54%. Direxion Daily Real Estate Bull 3X (ETF) (DRN) corresponds with 300% of the price performance of the MSCI US REIT Index, and Simon Property Group (NYSE: SPG) is...
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Have The Commercial Real Estate Stocks Bounced Too Far In February?
Monday, March 1, 2010 - 2:41pm | 367In late December 2009, one of the clues that the major stock indexes were going to decline in the month of January 2010 was the commercial real estate stocks. Leading commercial real estate stocks such as Vornado Realty Trust (NYSE: VNO), and Simon Property Group (NYSE: SPG) headed the rally in...
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Another General Growth Suitor Emerges (SPG) (BAM)
Wednesday, February 24, 2010 - 11:31pm | 113Another possible suitor has emerged in the bidding for General Growth Properties Inc., which filed for bankruptcy in April last year. Citing an unnamed source, the Wall Street Journal reports that Australia based Westfield Group, which owns malls throughout the U.S., the U.K., Australia and New...
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Brookfield (BAM) To Counter Simon’s (SPG) Bid For General Growth
Tuesday, February 23, 2010 - 12:47pm | 109Canadian property giant Brookfield Asset Management, Inc. (NYSE: BAM) is reportedly, preparing to bid for a substantial stake in U.S. mall owner General Growth Properties, Inc. (OTC: GGWPQ). This move is to counter an unsolicited bid made last week by competitor Simon Property Group, Inc. (NYSE:...