Latest News
Tishman Blackrock Move $3 Billion Stuyvesant Town Loan to Special Servicer
Bloomberg | 12 hours 11 minutes ago
CW Capital will work on a possible loan modification, Fitch said in an e-mail yesterday. Servicers are used when a loan is in or near default and needs to be reviewed. The loan was transferred after sponsors Tishman Speyer and Blackrock requested â??relief,â?? Fitch said, without providing details.... (more)
Five Guys Burgers gets more financing
Nation's Restaurant News | 16 hours 4 minutes ago
LORTON, Va. (Nov. 5, 2009) Five Guys Burgers and Fries recently received a new shot of growth capital after doubling the size of its credit facility with GE Capital, Franchise Finance.... (more)
Duke Realty takes $50M hit on 3630 Peachtree
American City Business Journals | 18 hours ago
Duke Realty Corp. has taken a $50 million write-down on the value of its 3630 Peachtree project in Buckhead, another sign of the worsening commercial real estate mess.... (more)
Cadillac Cuts to 6 in Creative Pitch
Adweek | 1 day 13 minutes ago
General Motors' Cadillac has narrowed its search for a new creative agency to six shops, the client confirmed today.... (more)
Upgrading the GE Deal Machine
Wall Street Journal, The | 1 day 3 hours 56 minutes ago
Unemployment is at 10.2%, the economy is still looking shaky and the outlook for big ticket infrastructure spending looks murky.... (more)
Stocks in U.S. Fluctuate as GE Climbs, Unemployment Rate Hits 26-Year High
Bloomberg | 1 day 6 hours 6 minutes ago
GE gained the most in the Dow Jones Industrial Average, surging 6.4 percent as analysts said risks to its finance unit have diminished. Macy's 6.1 percent after JPMorgan Chase & Co. said the second-biggest U.S. department store chain probably beat analysts' third-quarter profit estimates. The Standard & Poor's 500 Index rebounded from a 0.7 percent drop after the government said companies cut 190,000 jobs last month.... (more)
UPDATE 3-Brookfield profit falls but acquisitions eyed
Reuters | 1 day 6 hours 53 minutes ago
TORONTO, Nov 6 (Reuters) - Brookfield Asset Management Inc (BAMa.TO), an investor in property, power and other infrastructure assets, said on Friday its profit dropped 34.5 percent in the third quarter, but results beat estimates.... (more)
GE Shares Rise on Upgrades, News Of NBC Universal Progress
Wall Street Journal, The | 1 day 7 hours 56 minutes ago
Shares of General Electric Co. got a boost Friday thanks to a couple of analyst upgrades and news of progress in the NBC Universal deal.... (more)
A Telepresence Cameo on 30 Rock
Wall Street Journal, The | 1 day 7 hours 58 minutes ago
Somehow, while Cisco was busy discussing tipping points and cloud computing earlier this week, it neglected to mention that its telepresence technology would be playing a brief but hard-to-miss role in last night?s episode of ?30 Rock.? Jack Donaghy, the GE exec played by Alec Baldwin, comes down with a bedbugs infestation and gets banished to a videoconferencing session instead of a face-to-face meeting.... (more)
Working Through the Downturn
Air Transport World | 1 day 7 hours 59 minutes ago
THE COMMERCIAL AVIATION MAINTENANCE, REPAIR AND overhaul sector has taken it on the chin over the past 12-18 months as business withered and price competition intensified in the face of what IATA has described as the worst downturn in airline history.... (more)
Stocks on the move: Boston Beer, Coinstar, NightHawk, Sunoco
Oakland Tribune (Calif.), The | 1 day 8 hours 38 minutes ago
By Lu Wang BLOOMBERG NEWS Shares of the following companies are having unusual moves in U.S. trading this morning.... (more)
Business surfaces to maintain troubled commercial properties
Tampa Tribune (Fla.), The | 1 day 8 hours 43 minutes ago
CB Richard Ellis, the world's largest commercial real estate firm, is launching a new division to concentrate on receivership for commercial properties.... (more)
Stocks in U.S. Fluctuate as GE Rallies, Jobless Rate Rises to 26-Year High
Bloomberg | 1 day 10 hours 3 minutes ago
GE posted the steepest gain in the Dow Jones Industrial Average, climbing 6.4 percent as analysts cited diminished risks at its finance unit. Macy's, the second-biggest department store chain, rallied 4.6 after JPMorgan Chase & Co. said it probably beat analysts' third-quarter profit estimates. The Standard & Poor's 500 Index fell as much as 0.7 percent earlier after the government said companies eliminated 190,000 jobs last month.... (more)
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