Turnaround advisor AlixPartners has been put up for sale in a deal that may value the firm at more than $1 billion.
One of the oldest neighborhoods in Manhattan may soon get closer to nature. SHoP Architects and mall operator Howard Hughes Corp. (NYSE:HHC) unveiled an emerald proposal for the Pier 17 mall on the South Street Seaport last Thursday that will ease the historic district into the present.
Sears Holdings Corp posted a large fourth-quarter net loss of $2.40 billion compared with $374 million profit last year resulting in its statement that it would sell or spin off many of its stores to boost liquidity.
Shares of Sears rose 21.64 percent to $63.53 in mid-afternoon trading.
The top aftermarket NYSE gainers Friday were: K-V Pharmaceutical, 3D Systems, General Growth Properties, Toll Brothers and Post Holdings. The top aftermarket NYSE losers: Jones Group, Royal Caribbean Cruises, HCA Holdings, Goodrich Petroleum Corp and Edwards Lifesciences Corp.
The majority of real estate investment trusts (REITs) are expected to post positive earnings for the fourth quarter and fiscal year 2011 as rent growth continues, according to analysts.
The largest companies, those typically under the most scrutiny, have experienced the biggest increases in CEO compensation. In 2010, S&P 500 CEOs' total realized compensation increased by a median of 36.5 percent.
Brookfield Asset Management and tenants of Stuyvesant Town and Peter Cooper Village are making a bid to take over the massive apartment complex of over 11,000 units on Manhattan's east side.
Brookfield Asset Management, the Canadian investment firm with around $150 billion in real estate, infrastructure and energy holdings, reported net income of $716 million in the third quarter, more than doubling its income of $342 million in the same period of 2010.
Wells Fargo & Company announced on Wednesday the formation of a commercial real estate investment trust (REIT) finance group.
General Growth Properties, the large mall operator that exited bankruptcy protection last year, reported core funds from operation (FFO), which measures its ability to generate cash, of $224.2 million, or 23 cents per share, up slightly from FFO of $223.2 million in 2010.
Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.
Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.
The top after-market NYSE gainers on Friday are: Banco Santander, Brookfield Office Properties, Jaguar Mining, Sandridge Energy, Radioshack, Toll Brothers, General Growth Properties, Endeavour Silver Corp, Bank of America and CVR Energy.
The top after-market NYSE losers on Thursday are: General Growth Properties, AutoNation, Oceaneering International, Hyatt Hotels, ITT Educational Services, OMNOVA Solutions, Monster Worldwide, U.S. Gold Corp and Timberland Co.
The top after-market NYSE gainers on Wednesday are: China Security & Surveillance, SLM Corp, Tempur-pedic International, Yum! Brands and Gardner Denver. The top after-market NYSE losers are: Goodrich Corp, Tele Norte Leste Participacoes, Chipotle Mexican Grill, Elan Corp and General Growth Properties.
Borders Group, owner of the second largest U.S. bookstore chain, said in its Chapter 11 bankruptcy filing that it will close down around 200 stores nationwide, sending store landlords into a tizzy.
