International Business News - Tower 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 Insurance company Tower Group Inc. said Thursday its third-quarter profit surged 16 percent as it collected more in premiums and generated better commission and fee-based revenue, topping Wall Street's expectations. http://www.ibtimes.com/articles/20081106/tower-groups-3q-profit-up-16-pct-tops-street.htm Thu, 06 Nov 2008 11:15:58 EST Tower Group Inc. said Thursday its board declared a regular quarterly dividend of 5 cents per share. The insurance company said the dividend is payable Dec. 27 to shareholders of record Dec. 15. http://www.ibtimes.com/articles/20081106/tower-group-sets-5-cent-quarterly-dividend.htm Thu, 06 Nov 2008 10:42:04 EST American Tower Corp., which owns wireless communication towers, said Monday its third-quarter profit rose 2 percent on tower revenue growth. Earnings increased to $60.5 million, or 15 cents per share, compared with $59.6 million, or 14 cents per share, a year earlier. http://www.ibtimes.com/articles/20081103/american-tower-3q-profit-climbs-on-tower-revenue.htm Mon, 03 Nov 2008 07:35:08 EST Plans to build the tallest building in Ireland--with new recording studios for Irish supergroup U2 on top--were suspended Friday because of Dublin's slumping property market and slide into recession. http://www.ibtimes.com/data/articleimgs/164563-ireland-u2-tower.jpg http://www.ibtimes.com/articles/20081031/dublin-shelves-u2-tower-plans-amid-property-slump.htm http://www.ibtimes.com/articles/20081031/dublin-shelves-u2-tower-plans-amid-property-slump.htm Fri, 31 Oct 2008 15:18:16 EDT Newark officials say the city's economic renaissance is continuing with the downtown area's largest premium office project in 16 years. Tucker Development Corp. detailed its plans for the $150 million Liberty Plaza on Tuesday night, which it described as a "cornerstone" for similar downtown development projects in the city. It comes amid growing interest from cost-conscious developers reacting to the U.S. economic slowdown http://www.ibtimes.com/articles/20081029/150-million-office-tower-to-be-built-in-newark.htm Wed, 29 Oct 2008 10:46:35 EDT Security video shows that a suburban Chicago radio tower's lights were on just before a fatal medical helicopter crash, and that answers an important question for authorities. http://www.ibtimes.com/articles/20081022/ntsb-video-answers-key-question-in-copter-crash.htm Wed, 22 Oct 2008 14:49:28 EDT Iran has opened a telecommunications tower more than quarter-mile high seen as a symbol of the country's efforts to modernize. Tuesday's inauguration of the 1,427-foot-high Milad Tower could help the political fortunes of Tehran mayor Mohammad Bagher Qalibaf. He is a likely rival against President Mahmoud Ahmadinejad in next year's elections. http://www.ibtimes.com/articles/20081008/iran-opens-one-of-worlds-tallest-towers.htm Wed, 08 Oct 2008 09:24:03 EDT Donald Trump's Chicago tower is nearly finished. The real estate developer, along with daughter Ivanka and sons Donald Junior and Eric, plans an afternoon news conference to top off the Trump International Hotel and Tower. Trump family members plan to make personalized hand impressions on fresh cement to commemorate the topping off. http://www.ibtimes.com/articles/20080924/trump-family-to-top-off-92-story-chicago-tower.htm Wed, 24 Sep 2008 11:37:20 EDT Insurers Tower Group Inc. and CastlePoint Holdings Ltd. said Wednesday CastlePoint's reinsurance subsidiary will acquire HIG Inc., which operates Hermitage Insurance Co. and Kodiak Insurance Co. http://www.ibtimes.com/articles/20080827/castlepoint-to-buy-hermitage-insurance.htm Wed, 27 Aug 2008 09:44:26 EDT Tower Group Inc. and fellow property and casualty insurer CastlePoint Holdings Ltd. said Tuesday that Tower will purchase CastlePoint for $490 million. http://www.ibtimes.com/articles/20080805/tower-group-buys-castlepoint-holdings-for-490m.htm Tue, 05 Aug 2008 07:11:13 EDT American Tower Corp., which owns wireless communication towers, on Wednesday said it swung to a profit in the second quarter, helped by a hefty tax benefit and demand for tower space worldwide. http://www.ibtimes.com/articles/20080730/american-tower-swings-to-profit-in-2q.htm Wed, 30 Jul 2008 14:46:55 EDT Louisiana is moving ahead with plans to take an option to buy an office tower and commercial complex next to the Superdome that has been largely vacant since Hurricane Katrina struck nearly three years ago, the property's owner said. http://www.ibtimes.com/articles/20080716/louisiana-taking-option-on-new-orleans-property.htm Wed, 16 Jul 2008 11:53:33 EDT The Eiffel Tower, host to nearly 7 million visitors per year, is about to get a makeover, the goal to make their experience a happier one. Its directors unveiled a $267 million, 10-year plan Wednesday to upgrade the monument for the 21st century. http://www.ibtimes.com/data/articleimgs/88595-france-eiffel-tower-facelift.jpg http://www.ibtimes.com/articles/20080709/eiffel-tower-getting-a-makeover-to-improve-visits.htm http://www.ibtimes.com/articles/20080709/eiffel-tower-getting-a-makeover-to-improve-visits.htm Wed, 09 Jul 2008 13:51:04 EDT Tribune Co. is exploring the possible sale of its iconic headquarters on Chicago's Magnificent Mile and buildings in Los Angeles as the newspaper publisher considers ways of "maximizing the value" of its real estate holdings. http://www.ibtimes.com/data/articleimgs/79111-tribune-tower-sale.jpg http://www.ibtimes.com/articles/20080625/sale-of-iconic-tribune-tower-is-an-option.htm http://www.ibtimes.com/articles/20080625/sale-of-iconic-tribune-tower-is-an-option.htm Wed, 25 Jun 2008 17:00:50 EDT An Italian architect said he is poised to start construction on a new skyscraper in Dubai that will be "the world's first building in motion," an 80-story tower with revolving floors that give it an ever-shifting shape. http://www.ibtimes.com/data/articleimgs/78851-spinning-tower.jpg http://www.ibtimes.com/articles/20080625/architect-hopes-new-skyscraper-keeps-us-spinning.htm http://www.ibtimes.com/articles/20080625/architect-hopes-new-skyscraper-keeps-us-spinning.htm Wed, 25 Jun 2008 08:29:39 EDT A Colorado cellular company is suing Saunders County in eastern Nebraska, seeking to force county officials to let it build a cell tower there. The lawsuit filed Tuesday in U.S. District Court in Omaha by Viaero Wireless seeks injunctive relief to build the tower, as well as unspecified damages and attorneys fees. http://www.ibtimes.com/articles/20080611/cell-phone-company-sues-neb-county-over-tower.htm Wed, 11 Jun 2008 18:06:27 EDT American Tower Corp., which owns wireless communication towers, said Wednesday Chief Financial Officer Brad Singer is leaving company to take a position elsewhere. http://www.ibtimes.com/articles/20080611/american-tower-cfo-resigns-moves-to-new-company.htm Wed, 11 Jun 2008 16:53:28 EDT A skyscraper planned for the site of the World Trade Center will use an alternative energy source to supply some of the power at the massive complex. UTC Power, a subsidiary of United Technologies Corp., will supply 12 fuel cells totaling 4.8 megawatts for the Freedom Tower and three other buildings at the lower Manhattan site. It's among the largest fuel cell installations in the world, according to UTC Power and the New York Power Authority. http://www.ibtimes.com/articles/20080611/utc-power-to-supply-fuel-cells-for-freedom-tower.htm Wed, 11 Jun 2008 14:16:13 EDT Wind tower equipment maker DMI Industries plans to expand its plants in North Dakota and Oklahoma, creating about 350 jobs. The announcement comes on the heels of a government and industry study showing wind energy could generate 20 percent of the nation's electricity by 2030. http://www.ibtimes.com/articles/20080604/wind-tower-maker-to-expand-facilities-in-nd-okla.htm Wed, 04 Jun 2008 14:17:47 EDT Shares of Jazz Technologies Inc. soared more than 70 percent Tuesday after Israel-based Tower Semiconductor Ltd. said it will buy the chip maker for about $40 million. http://www.ibtimes.com/articles/20080520/tower-semiconductor-to-buy-jazz-technologies.htm Tue, 20 May 2008 11:29:55 EDT