Latest News
Gladstone Commercial to create new class of senior shares with $50 million private sale
Star Tribune (Minneapolis-St. Paul, Minn.) | 17 hours 52 minutes ago
MCLEAN, Va. - Gladstone Commercial Corp., a real estate investment trust, said Monday it will create a new class of ownership by offering senior common shares in a private sale.... (more)
GE Said to Lean Toward IPO of Vivendi's 20% Stake in NBC Universal Unit
Bloomberg | 17 hours 59 minutes ago
The two sides are about $500 million apart on a valuation for Vivendi's 20 percent stake in the entertainment unit, and little progress has been made in recent days, said the person, who declined to be named because discussions are private. GE, which owns the remaining 80 percent of NBC Universal, may still agree to buy out Vivendi if talks advance, the person said.... (more)
Dynex buys Deutsche Bank share of joint venture
San Francisco Chronicle | 18 hours 28 minutes ago
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Wire Business News
Sacramento Bee (Calif.), The | 18 hours 28 minutes ago
GLEN ALLEN, Va. -- Dynex Capital Inc., a mortgage real estate investment trust, said Monday its subsidiary, Issued Holdings Capital Corp., has bought Deutsche Bank's shares of a joint venture for $9.5 million in cash, giving Dynex 99.75 percent ownership.... (more)
CIT Group Wins Final Bankruptcy Court Approval of $500 Million Loan Accord
Bloomberg | 18 hours 33 minutes ago
U.S. Bankruptcy Judge Allan Gropper in Manhattan today granted CIT's request to approve the loan from a group of lenders led by Bank of America Corp. Gropper allowed CIT to borrow $125 million on an interim basis earlier this month.... (more)
Vivendi Sits in Catbird Seat
Wall Street Journal, The | 18 hours 38 minutes ago
Will Vivendi have the nerve to press the button? The French media group is the biggest hurdle between General Electric and a sale of half its NBC Universal unit to Comcast. Vivendi wants a check for nearly $6 billion in return for its 20% of NBCU, a stake that already has been written down to about $6 billion from a value of $8.3 billion in May 2004. GE is said to be offering at least $500 million less.... (more)
GE Said to Lean Toward Public Offering of Vivendi's NBC Universal Stake
Bloomberg | 19 hours 58 minutes ago
The two sides are about $500 million apart on a valuation for Vivendi's stake in the entertainment unit, and little progress has been made in recent days, said the person, who declined to be named because discussions are private. GE, which owns the remaining 80 percent of NBC Universal, may still agree to buy out Vivendi if talks advance, the person said.... (more)
Health Care: GE Gets Radical
Yahoo! | 21 hours 20 minutes ago
It's been a hard year to work at General Electric (NYSE:GE - News). Salary freezes have hit its famously performance-driven employees, with some managers taking pay cuts. The price of GE stock, which once made millionaires out of even hourly workers, has gone nowhere as the rest of the market has risen. A 68% dividend cut -- the first in 71 years -- has stung execs who rely on a heavy dose of restricted shares.... (more)
Abu Dhabi Engineers Graduate from GE O&G's University Program
Rigzone.com | 22 hours 24 minutes ago
Twenty-three engineers and technicians have graduated from the second Middle East intake of GE's Oil & Gas University Program, an initiative aimed at providing leadership and technology training for oil and gas professionals in Abu Dhabi.... (more)
Report: Downtown Targeting Target
Los Angeles Business Journal | 1 day 21 minutes ago
When news broke in January that the Macy's in the 7+Fig shopping mall would close within a few weeks, speculation quickly began about the future of the prime 125,000 square feet of real estate owned by Brookfield Properties.... (more)
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