International Business News - Asset http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif BP plans to acquire Chesapeake Energy's stake in about 90,000 acres of natural gas properties in $1.75 billion. The properties are in the Arkoma Basin Woodford Shale play in Oklahoma. http://www.ibtimes.com/articles/20080717/bp-to-buy-some-chesapeake-properties-for-1-75b.htm Thu, 17 Jul 2008 14:38:25 EDT Shares of Asset Acceptance Capital Corp. tumbled Tuesday, after a Jefferies & Co. analyst cut his rating on the company because of expected difficult collections environment during the remainder of the year. http://www.ibtimes.com/articles/20080708/analyst-cuts-rating-on-asset-acceptance-capital.htm Tue, 08 Jul 2008 17:14:13 EDT Federal Signal Corp., which makes fire trucks and safety gear, said Tuesday it is selling its municipal leasing assets as part of an ongoing effort to exit the financial services industry. http://www.ibtimes.com/articles/20080701/federal-signal-selling-municipal-leasing-assets.htm Tue, 01 Jul 2008 10:26:45 EDT Brandywine Realty Trust, a real estate investment trust, said Monday that it has agreed to sell five properties in Oakland, Calif., for $316.9 million, excluding debt. http://www.ibtimes.com/articles/20080630/brandywine-realty-sells-california-properties.htm Mon, 30 Jun 2008 13:19:44 EDT Standard & Poor's Ratings Services said Monday it cut the ratings on 799 classes of asset-backed securities backed by MBIA Inc. and Ambac Financial Group Inc. following its downgrade of the bond insurers' key rating last week. http://www.ibtimes.com/articles/20080609/s-p-cuts-securities-backed-by-mbia-ambac.htm Mon, 09 Jun 2008 17:00:27 EDT Investment manager Calamos Asset Management Inc. said Tuesday its total assets under management in April rose 7 percent from the previous month. Calamos had $43.7 billion in total assets under management at the end of April, compared with $40.9 billion at the end of March. The investment manager had $43 billion in assets under management at the end of April 2007. http://www.ibtimes.com/articles/20080513/calamos-asset-managing-43-7-billion-up-7-percent.htm Tue, 13 May 2008 07:17:39 EDT Fremont General Corp. said Thursday it is selling the servicing rights on its $12.2 billion home-loan portfolio to a Goldman Sachs & Co. affiliate, ending the once-vibrant mortgage lender's loan operations. http://www.ibtimes.com/articles/20080508/fremont-general-sells-servicing-rights-to-goldman-affiliate.htm Thu, 08 May 2008 17:19:11 EDT Shares of Anworth Mortgage Asset Corp. climbed in premarket trading Thursday after an analyst upgraded shares of the real estate investment trust, citing its better-than-expected first-quarter profit. http://www.ibtimes.com/articles/20080508/ahead-of-the-bell-analyst-upgrades-anworth-on-1q-earns.htm Thu, 08 May 2008 09:08:34 EDT ATP Oil & Gas Corp. said Thursday it is working to sell part of its stake in offshore oil production sites in the Gulf of Mexico and the North Sea. The sale covers interests in a number of holdings that combined account for about 80 percent of ATP's total proved and probable reserves. http://www.ibtimes.com/articles/20080501/atp-oil-gas-selling-interests-in-offshore-oil-sites.htm Thu, 01 May 2008 11:47:46 EDT Debt collector Asset Acceptance Capital Corp. said Wednesday first-quarter earnings fell 31 percent due to a decline in revenue and rising interest expenses. http://www.ibtimes.com/articles/20080430/asset-acceptance-capital-1q-earnings-fall-31-percent.htm Wed, 30 Apr 2008 11:05:31 EDT Microchip developer Cirrus Logic Inc. said Friday it will close Caretta Integrated Circuits, a China-based subsidiary, and lay off 30 workers during its fourth quarter. http://www.ibtimes.com/articles/20080314/cirrus-logic-to-sell-chinese-subsidiary.htm Fri, 14 Mar 2008 16:48:25 EDT Shares of Anworth Mortgage Asset Corp. tumbled Friday after a Credit Suisse analyst initiated coverage of the mortgage investor with a "Neutral" rating and a $6.50 target price on the stock, well below other analysts' targets. http://www.ibtimes.com/articles/20080314/anworth-shares-fall-on-neutral-rating.htm Fri, 14 Mar 2008 16:37:24 EDT Asset Acceptance Capital Corp. believes it missed expectations for profit in the fourth quarter, the bad-debt collector said Friday. Asset Acceptance Capital issued preliminary results showing it earned $4 million, or 13 cents per share, in the fourth quarter, compared with profit of $9.8 million, or 28 cents per share. http://www.ibtimes.com/articles/20080222/asset-acceptance-misses-4q-expectations.htm Fri, 22 Feb 2008 10:25:50 EST Restaurant chain Buffalo Wild Wings Inc. said Friday it has bought assets and leases for seven Don Pablo's Mexican restaurants from Avado Brands Inc for $1.2 million in cash. http://www.ibtimes.com/articles/20080201/buffalo-wild-buys-7-don-pablo-eateries.htm Fri, 01 Feb 2008 18:38:39 EST Automotive parts maker Visteon Corp. said Friday that it has sold three North American plants to Centrum Equities XV LLC for an undisclosed amount. Centrum, a Chicago-based unit of real estate firm Centrum Properties Inc., bought Visteon's noncore aftermarket underhood and remanufacturing facilities, one of which is located in Sparta, Tenn. The other two are in Reynosa, Mexico. http://www.ibtimes.com/articles/20080201/centrum-equities-buys-3-visteon-plants.htm Fri, 01 Feb 2008 16:52:21 EST Sybase Inc.'s second-largest shareholder, which wants the software maker to consider selling itself, said Friday it plans to nominate three candidates to the board at its 2008 annual meeting. http://www.ibtimes.com/articles/20071228/investor-to-nominate-sybase-directors.htm Fri, 28 Dec 2007 18:13:39 EST Oil and gas producer Plains Exploration & Production Co. said Monday it agreed to sell $1.75 billion in oil and gas properties to subsidiaries of Occidental Petroleum Corp. and XTO Energy Inc. http://www.ibtimes.com/articles/20071217/plains-exploration-sells-oil-properties.htm Mon, 17 Dec 2007 07:49:05 EST Aon Corp. is selling two insurance units for $2.75 billion in separate cash deals and will ramp up its share buyback program, the company said Monday. http://www.ibtimes.com/articles/20071217/aon-sells-two-insurance-units-for-2-75b.htm Mon, 17 Dec 2007 07:38:06 EST