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US Q2 growth slows more

by on August 28, 2011

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(MENAFN) Chief US economist UniCredit Research in New York, Harm Bandholz, said that the US economic growth in the second quarter was slower than previously thought and consumer confidence dropped …

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US Q2 growth slows more

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US- Consumer confidence falls in August

by on August 27, 2011

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(MENAFN – Arab Times) US economic growth in the second quarter was slower than previously thought and consumer confidence sank in August, further reducing prospects of a strong pick-up in output in …

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US- Consumer confidence falls in August

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Spain Q2 growth slows

August 27, 2011

(MENAFN) Ben May, economist at Capital Economics said that the Spanish economy grew at a slower pace in the second quarter than the first of the current year, fuelling concerns Spain could slip back …

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Guess Q2 net profit down 9%

August 25, 2011

(MENAFN) The famous US clothing maker Guess’ CEO, Paul Marciano, said that its net income for the second quarter decreased 9 percent to USD60.7 million from USD66.8 million the company scored last …

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Acer Q2 net loss USD234.3m

August 25, 2011

(MENAFN) Acer’s Chairman, J.T. Wang, said that since the PC maker took charges in order to reorganize in the first half, in the second quarter, the company’s net loss reached USD234.3 million …

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US Express Q2 net income down 43% to USD12.6m

August 25, 2011

(MENAFN) Express’ Inc. CEO, Michael Weiss, said that since the clothing chain’s costs grew faster than its revenue, the US firms’ net income dropped 43 percent in the second quarter reaching USD12.6 …

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Netherlands- Shell profits soar on high oil prices

July 30, 2011

(MENAFN) Royal Dutch Shell said that net profits almost doubled to $8.6bn (¤6bn) in the second quarter as improved income from high oil prices offset a drop in production. “Our second quarter 2011 …

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JCPenney Plans Supply Chain Restructuring; Reduced Store Openings

May 19, 2011

J. C. Penney Co. plans to streamline its supply chain operations and has trimmed back the number of new stores it expects to open by 2014. Currently in the second year of its 2010-2014 long-range plan, the department store chain is looking to re-align its enterprise-wide approach to inventory management. “We have some legacy supply chain facilities that support our catalog and Internet operations together,” Myron E. (Mike) Ullman, III, chairman…

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A Look at Wells Fargo's Commercial Real Estate Loan Business …

May 17, 2011

Wells Fargo (NYSE:WFC) is the second largest bank in the U.S. by market capitalization with around $130 billion in outstanding balance on commercial real estate ( CRE ) loans .

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How America Can Use Osama’s Death To Better Position Its Economy

May 6, 2011

NEW YORK — Osama bin Laden is dead. Now it is time for the peace dividend. That’s a phrase you may remember from the early 1990s, when Soviet Communism, the big existential threat of the second half of the 20th century, collapsed. Today, America needs a peace dividend even more than it did 20 years ago. But cashing it in will be a challenge.

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Video: Rajaratnam Defense Lawyer Says Jury `Must Acquit’

April 21, 2011

April 21 (Bloomberg) — Galleon Group LLC co-founder Raj Rajaratnam’s lawyer accused U.S. prosecutors of living in a “make-believe” and “imaginary world” where publicly available information about pending deals “didn’t exist.” Bloomberg’s Su Keenan reports on the second day of closing arguments at Rajaratnam’s insider-trading trial. (Source: Bloomberg)

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Video: Rajaratnam Defense Lawyer Says Jury `Must Acquit’

April 21, 2011

April 21 (Bloomberg) — Galleon Group LLC co-founder Raj Rajaratnam’s lawyer accused U.S. prosecutors of living in a “make-believe” and “imaginary world” where publicly available information about pending deals “didn’t exist.” Bloomberg’s Su Keenan reports on the second day of closing arguments at Rajaratnam’s insider-trading trial. (Source: Bloomberg)

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Video: Marchionne Sees Chrysler Refinancing Completed by July

April 18, 2011

April 18 (Bloomberg) — Sergio Marchionne, chief executive officer of Fiat SpA, talks about plans to complete the refinancing package for Chrysler by the end of the second quarter. He spoke with Bloomberg’s Tommaso Ebhardt and Flavia Rotondi at the Fiat track at Balocco, near Turin, Italy, on April 11.

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Blackstone Wins Centro’s Huge U.S. Retail Portfolio

March 1, 2011

Following a competitive bidding process, Sydney, Australia-based Centro Properties Group and its managed funds agreed to sell all of its U.S. assets and platform for $9.4 billion to BRE Retail Holdings Inc., an affiliate of Blackstone Real Estate Partners VI LP. Centro Properties Group controls 588 U.S. shopping centers in 39 states totaling about 96 million square feet. While, the group returned a profit in the second half of last year, the heavily…

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House price growth halted as economic recovery falters in Denmark

February 24, 2011

Strong house price increases in the first of 2010 were not sustained in the second half as prices froze.

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US Credit Card ABS Remain Positive

February 4, 2011

Performance of US credit card assetbacked securities was positive for the second month in a row in January according to Fitch Ratings credit card ABS index

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CRE Pricing Volatility Continues; Assets Attracting Higher Prices Remain Exception Rather Than the Rule

January 13, 2011

The three national commercial real estate repeat sales indices released in this week’s CoStar Commercial Repeat-Sales Indices (CCRSI) were down for the month of November — the second consecutive month of decline for the trio of “headline” indices measuring the investment sales market — despite a significant boost in prices for high-profile core deals in Washington D.C. and New York City. While the disparity between “troubled and trophy” assets…

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Copper In New York Gains To Record As China Raises Rates To Ease Inflation

December 27, 2010

Copper in New York climbed to a record and Shanghai gained after China raised interest rates for the second time since mid-October, spurring expectations that the government may refrain from further tightening measures in the short term.

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The US dollar continues to rise for the second day in a row

December 16, 2010

The US dollar continues to rise for the second day in a row

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Regency Buys Chicago Area Shopping Center for $64M

December 16, 2010

Regency Centers (NYSE: REG), a Jacksonville, FL-based shopping center owner and developer, acquired Willow Festival, a 405,227-square-foot neighborhood retail complex in suburban Chicago in an off-market deal. The property’s developer, Hamilton Partners, sold the three-year-old asset for $64 million or $158 per square foot in the second largest retail real estate transaction in metropolitan Chicago this year. The first largest deal was NewTower…

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Video: Williams Says BA to Boost Capacity as Fare Yields Rise

October 29, 2010

Oct. 29 (Bloomberg) — Keith Williams, chief financial officer of British Airways Plc, talks with Bloomberg’s Joanna Starritt about the airline’s second-quarter profit and strategy. Net income in the second quarter ended Sept. 30 was 229 million pounds ($365 million), compared with a 111 million-pound year-earlier loss. Sales rose 18 percent to 2.51 billion pounds.

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Nokia launches C7, the second Symbian smartphone

October 11, 2010

Nokia

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Video: Greenwald Says Chrysler CEO Has Good Chance at 2011 IPO: Video

September 16, 2010

Sept. 16 (Bloomberg) — Gerald Greenwald, managing partner at Greenbriar Equity Group LLC and a former chairman of Chrysler Motors, talks about Chrysler Group LLC Chief Executive Officer Sergio Marchionne’s remarks that the U.S. carmaker will probably sell shares publicly in the second half of 2011. Greenwald speaks with Margaret Brennan on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)

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Video: Zentner Says Markets Are Overreacting to Economic Data: Video

August 27, 2010

Aug. 27 (Bloomberg) — Ellen Zentner, senior economist at Bank of Tokyo-Mitsubishi UFJ Ltd., talks about second-quarter U.S. gross domestic product and market reaction. The economy grew at a 1.6 percent annual rate in the second quarter as companies reined in inventories and the trade deficit widened. Zentner, speaking with Betty Liu on Bloomberg Television’s “In the Loop,” also discusses the economic growth outlook. Bloomberg’s Michael McKee and Jon Erlichman also speak. (Source: Bloomberg)

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Video: Zentner Says Markets Are Overreacting to Economic Data: Video

August 27, 2010

Aug. 27 (Bloomberg) — Ellen Zentner, senior economist at Bank of Tokyo-Mitsubishi UFJ Ltd., talks about second-quarter U.S. gross domestic product and market reaction. The economy grew at a 1.6 percent annual rate in the second quarter as companies reined in inventories and the trade deficit widened. Zentner, speaking with Betty Liu on Bloomberg Television’s “In the Loop,” also discusses the economic growth outlook. Bloomberg’s Michael McKee and Jon Erlichman also speak. (Source: Bloomberg)

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Video: BNP’s Wattret Says Spanish Banks in `Severe Distress’

August 26, 2010

Aug. 26 (Bloomberg) — Ken Wattret, chief euro-area economist at BNP Paribas SA, talks about the outlook for the Spanish economy and financial system. He speaks with Maryam Nemazee on Bloomberg Television’s “The Pulse” after Spain’s economic growth accelerated in the second quarter.

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CBO: Stimulus Added Millions Of Jobs In Second Quarter

August 24, 2010

WASHINGTON (Reuters) – The massive U.S. stimulus package put millions of people to work and boosted national output by hundreds of billions of dollars in the second quarter, the nonpartisan Congressional Budget Office said on Tuesday. CBO’s latest estimate indicates that the stimulus effort, which remains a political hot potato ahead of the November congressional elections, may have prevented the sluggish U.S. economy from contracting between April and June.

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CRE Lending Turns ‘a Corner,’ But Has a Few More To Turn

August 18, 2010

There was little to cheer about in the second quarter numbers from bank holding companies when it comes to commercial real estate lending. While banks generally reported overall improved asset quality, they noted that declines in the value of commercial…

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NNN Brokers USA – San Francisco Commercial Real Estate News: “The …

August 10, 2010

Deal-making in the troubled commercial real-estate sector rose noticeably in the second quarter partly, according to bankers and other industry experts, because property values have rebounded from their and bank balance sheets are …

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U.S. Worker Productivity Posts First Drop Since Late 2008

August 10, 2010

Productivity in the U.S. unexpectedly decreased in the second quarter after employers expanded the workweek by the most in four years even as the world’s largest economy cooled.

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Video: Stiglitz Says Not Worried About a China `Hard Landing’: Video

August 6, 2010

Aug. 6 (Bloomberg) — Nobel Prize-winning economist Joseph Stiglitz talked with Bloomberg’s Rishaad Salamat yesterday about the outlook for China’s economy. China’s economic growth eased to 10.3 percent in the second quarter after the government succeeded in tempering credit expansion, investment spending and property speculation. Stiglitz also discussed the mainland’s currency policy. Bloomberg’s Susan Li also speaks. (Excerpt. Source: Bloomberg)

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Large CRE Brokerages Report Stronger Deal Activity, Earnings

August 4, 2010

CB Richard Ellis (NYSE: CBG) and Jones Lang LaSalle (NYSE: JLL), the two largest publicly traded global commercial property brokerage firms, posted double-digit increases in revenues for the second consecutive quarter as rebounding investment sales and…

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CMBS Loan Defaults Continue To Move Up

August 4, 2010

The cumulative default rate on fixed-rate conduit U.S. commercial mortgage-backed securities rose to 9.48% at the end of the second quarter and is on track to reach 11% by the end of the year, according to Fitch Ratings. Delinquencies for commercial loans…

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Video: Commerzbank’s Dixon Sees U.S. Jobs Recovery Next Year

August 4, 2010

Aug. 4 (Bloomberg) — Peter Dixon, global equities economist at Commerzbank AG, talks about the outlook for employment in the U.S. and the prospects for slower economic growth in the second half. Dixon speaks with Andrea Catherwood on Bloomberg Television’s “The Pulse.”

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Video: ISM’s Ore Says Manufacturers Are Leading U.S. Economy: Video

August 2, 2010

Aug. 2 (Bloomberg) — Norbert Ore, chairman of the Institute for Supply Management’s manufacturing business survey committee, talks with Bloomberg’s Mark Crumpton about the ISM’s July U.S. manufacturing report. Manufacturing in the U.S. expanded in July at the slowest pace this year, signaling the world’s largest economy is cooling at the start of the second half. The ISM’s manufacturing gauge dropped to 55.5 last month from 56.2 in June. (Source: Bloomberg)

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Video: Lebas Sees Manufacturing Slowing on Europe Demand Drop: Video

August 2, 2010

Aug. 2 (Bloomberg) — Guy Lebas, chief fixed-income strategist at Janney Montgomery Scott LLC, talks about the outlook for U.S. manufacturing and economy. The Institute for Supply Management’s manufacturing gauge for July dropped to 55.5 last month from 56.2 in June, signaling the world’s largest economy is cooling at the start of the second half. Lebas speaks with Margaret Brennan on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)

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Video: Tice Says Double-Dip Recession `In the Cards’ for U.S.: Video

July 30, 2010

July 30 (Bloomberg) — David Tice, chief portfolio strategist for bear markets at Federated Investors Inc, talks about the outlook for the U.S. economy. Growth in the U.S. slowed to a 2.4 percent annual rate in the second quarter, less than forecast, reflecting a larger trade deficit and an easing in consumer spending. Tice, manager of the Federated Prudent Bear Fund, speaks with Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

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Video: Hamptons Home Sales Jump as Wall Street Buyers Return: Video

July 22, 2010

July 22 (Bloomberg) — Hamptons, New York, home sales more than doubled in the second quarter from a year earlier, solidifying a turnaround after two years of Wall Street reluctance to splurge on beachfront property. Bloomberg’s Gigi Stone reports. (Source: Bloomberg)

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Video: Horrow Says Winds Hamper 2nd-Round Play at British Open: Video

July 16, 2010

July 16 (Bloomberg) — Rick Horrow, founder of Horrow Sports Ventures Inc. and a Bloomberg Television contributing editor, reports on the second round of the British Open at St. Andrews in Scotland. Louis Oosthuizen leads by five strokes over Mark Calcavecchia in the second round, which was suspended by darkness. Tiger Woods is eight shots behind. Horrow talks with Matt Miller and Carol Massar on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

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Video: Peabody Says Bank Earnings Show Improved Credit Quality: Video

July 16, 2010

July 16 (Bloomberg) — Charles Peabody, analyst at Portales Partners LLC, talks about second-quarter earnings for Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. and the outlook for the second half of the year. Peabody speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

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Video: BNP Paribas’s Fabbri Forecasts `More Difficult Times’: Video

July 9, 2010

July 9 (Bloomberg) — Brian Fabbri, chief economist for North America at BNP Paribas, talks with Bloomberg’s Julie Hyman and Michael McKee about the outlook for the U.S. economy and age demographics of the nation’s workforce. Fabbri says BNP Paribas forecasts slower U.S. growth and inflation under one percent in the second half of the year. (Source: Bloomberg)

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Video: Manhattan Apartment Sales Jump on Local Job Growth: Video

July 1, 2010

July 1 (Bloomberg) — Bloomberg’s Zahra Burton reports on Manhattan apartment sales, which rose in the second quarter as the city’s job market improved. According to Terra Holdings LLC, apartment sales jumped 81 percent and the median apartment price rose 6 percent. (Source: Bloomberg)

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Video: Karsh Sees Short-Term Volatility for Oil, Long-Term Gain: Video

June 28, 2010

June 29 (Bloomberg) — Andrew Karsh, who helps manage $4.8 billion for the Credit Suisse Total Commodity Return Strategy team, talks in Hong Kong with Rishaad Salamat about the outlook for crude oil, copper and gold, and his investment strategy. Oil, heading for its first quarterly decline since the end of 2008, may fall in the second half on signs that the economic recovery in developed countries is slowing. (Source: Bloomberg)

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South Korea’s central bank expects higher growth during the second half

June 22, 2010

South Korea’s central bank expects higher growth during the second half

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This Week in Retail: Inland Western Portfolio Leads Pack in Second CMBS Deal of the Year

June 15, 2010

JP Morgan this past week completed the sale of the second commercial mortgage-backed securities issued this year. The deal, JP Morgan Chase Commercial Mortgage Securities Trust 2010-C1, is backed by 36 loans secured by 96 commercial properties with an…

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This Week in Retail: Inland Western Portfolio Leads Pack in Second CMBS Deal of the Year

June 15, 2010

JP Morgan this past week completed the sale of the second commercial mortgage-backed securities issued this year. The deal, JP Morgan Chase Commercial Mortgage Securities Trust 2010-C1, is backed by 36 loans secured by 96 commercial properties with an…

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