International Business News - Inc 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 Real-estate-investment trust UDR Inc. said Monday it closed a 10-year, $400 million credit facility from Fannie Mae. The loan consists of a $225 million secured loan, which was originated by commercial lender PNC ARCS LLC for repurchase by Fannie Mae, with an option to borrow an additional $175 million. Of the $225 million secured loan, $70 million comes with a 5.85 percent fixed interest rate while $155 million carries a variable rate currently set under two- and three-year LIBOR swaps at 4.35 percent. The loan carries an all-in blended rate of approximately 4.8 percent. http://www.ibtimes.com/articles/20081201/udr-secures-10-year-400-million-fannie-mae-loan.htm Mon, 01 Dec 2008 10:54:47 EST Enbridge Inc. said it has agreed to increase its stake in Houston-based Enbridge Energy Partners LP, a move the company hopes will boost its earnings per share and help long-term growth. http://www.ibtimes.com/articles/20081118/enbridge-buys-stake-of-enbridge-energy-partners.htm Tue, 18 Nov 2008 10:08:38 EST An analyst on Monday cut revenue and per-share earnings estimates for trash hauler Republic Services Inc., warning of reduced trash removal in a weak economy and lower surcharges for gas used to run garbage trucks. http://www.ibtimes.com/articles/20081103/analyst-cuts-estimates-for-republic-services.htm Mon, 03 Nov 2008 20:48:21 EST Time Inc., a major magazine company that publishes People, Sports Illustrated and Real Simple, will cut jobs as part of a restructuring to reduce costs and centralize the company's business units. http://www.ibtimes.com/articles/20081028/magazine-publisher-time-inc-will-lay-off-staff.htm Tue, 28 Oct 2008 19:48:45 EDT Financial technology company Fiserv Inc., hurt by a loss on a sale of a portion of its business, reported a 36 percent drop in its third-quarter profit. http://www.ibtimes.com/articles/20081028/fiserv-posts-36-percent-fall-in-3rd-qtr-earnings.htm Tue, 28 Oct 2008 18:53:42 EDT Popular Inc. says it posted a steep loss in the third quarter due to exposure to bad loans, and will scale back its banking operations on the U.S. mainland in response to the economic downturn. http://www.ibtimes.com/articles/20081022/popular-inc-posts-steep-3q-loss-on-bad-loans.htm Wed, 22 Oct 2008 11:09:00 EDT AZZ Inc., which makes electrical products and offers galvanizing services, said Friday its fiscal second-quarter profit jumped nearly 40 percent as its revenue surged. http://www.ibtimes.com/articles/20080926/azz-2q-profit-spikes-40-percent-as-sales-surge.htm Fri, 26 Sep 2008 10:38:05 EDT Research In Motion Inc shares fell 19.2 percent in after hours trading Wednesday after the firm reported a lower outlook due to higher costs for newer advanced phones. http://www.ibtimes.com/articles/20080925/rimm-research-motion-shares-outlook.htm Thu, 25 Sep 2008 19:22:38 EDT Shares of Popular Inc. jumped Friday after the Puerto Rico-based bank said it plans to sell $1.17 billion of U.S. mortgage assets to affiliates of Goldman Sachs Group Inc. http://www.ibtimes.com/articles/20080829/popular-shares-soar-on-sale-of-mortgage-assets.htm Fri, 29 Aug 2008 17:03:12 EDT Pharmaceutical Product Development Inc. said its board declared a regular quarterly dividend of 10 cents. The contract research organization said the dividend is payable Sept. 29 to shareholders of record Sept. 15. http://www.ibtimes.com/data/articleimgs/147573-meltdown-wheres-the-bottom.jpg http://www.ibtimes.com/articles/20080829/pharmaceutical-product-development-sets-dividend.htm http://www.ibtimes.com/articles/20080829/pharmaceutical-product-development-sets-dividend.htm Fri, 29 Aug 2008 11:05:37 EDT LED light maker Cree Inc. on Tuesday said it expects a smaller profit in its fiscal 2009 first quarter compared with the same period a year ago, but higher revenue. http://www.ibtimes.com/articles/20080812/cree-inc-outlook-exceeds-wall-street-expectations.htm Tue, 12 Aug 2008 19:03:56 EDT Cree Inc. said Tuesday its fiscal fourth-quarter profit rose 31 percent as sales of the company's light-emitting diodes drove a 22 percent revenue gain to beat Wall Street expectations. http://www.ibtimes.com/articles/20080812/crees-4th-quarter-profit-jumps-31-percent.htm Tue, 12 Aug 2008 18:48:16 EDT Crosstex Energy Inc., which controls natural gas company Crosstex Energy LP, said Friday its second quarter profit grew on a higher allocation from the company's limited partnership. http://www.ibtimes.com/articles/20080808/crosstex-energy-inc-2q-profit-up.htm Fri, 08 Aug 2008 08:26:15 EDT B/E Aerospace Inc., which makes aircraft cabin interior products, said Friday that it received a contract valued at more than $200 million from Brazilian aircraft maker Embraer for ergonomic executive seats and divans for its new aircraft. http://www.ibtimes.com/articles/20080711/b-e-aerospace-gets-200-million-contract.htm Fri, 11 Jul 2008 15:12:46 EDT Ennis Inc., a maker of printed business products and clothing, said Monday that former apparel industry executive Frank D. Bracken was elected to its board. http://www.ibtimes.com/articles/20080707/ennis-inc-elects-frank-d-bracken-to-board.htm Mon, 07 Jul 2008 11:55:14 EDT Electric and natural gas utility NiSource Inc. said Monday Stephen P. Smith will become the company's chief financial officer, effective in August. Smith also takes the title executive vice president, effective immediately. He was previously senior vice president of Shared Services for American Electric Power Co., an electric utility. http://www.ibtimes.com/articles/20080602/nisource-hires-stephen-p-smith-as-cfo.htm Mon, 02 Jun 2008 13:01:44 EDT A federal court has granted homebuilder Tousa Inc. a five-month extension to file its plan to exit Chapter 11 bankruptcy protection. Judge John K. Olson of the U.S. Bankruptcy Court in Fort Lauderdale, Fla., on Thursday extended the company's exclusive right to file a reorganization plan through Oct. 25. http://www.ibtimes.com/articles/20080523/tousa-gets-extension-to-file-bankruptcy-exit-plan.htm Fri, 23 May 2008 17:26:13 EDT Information technology management software company CA Inc. reports earnings for the fiscal fourth-quarter on Thursday after the market closes. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080520/earnings-preview-ca-inc-expects-solid-4q.htm Tue, 20 May 2008 16:37:24 EDT In a Dec. 5 story about compensation given to Family Dollar Stores Inc. Chairman and Chief Executive Howard Levine, The Associated Press erroneously reported what he was paid in fiscal 2007. http://www.ibtimes.com/articles/20080513/correction-family-dollar-exec-compensation-story.htm Tue, 13 May 2008 14:50:48 EDT