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Legal

A Messy Battle for Budget Beds

January 4, 2012

Private-equity investor Colony Capital has scored a victory in what is emerging as a messy legal tug of war over the Jameson Inn chain of 103 budget hotels.

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Week Ahead: Bank Earnings and Inflation Data

October 15, 2011

Earnings reports, in particular from a handful of big banks, will draw investors’ attention next week. Tech giant Apple’s ( NASDAQ : AAPL) earnings are also due, the report arriving in the immediate aftermath of the untimely death of co-founder and long-time chief executive Steve Jobs . Industry leaders Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS), Citigroup (NYSE: C), Morgan Stanley (NYSE: MS) and Wells Fargo (NYSE: WFC) are all scheduled to report earnings. Each bank has its own story, none more compelling perhaps than Bank of America, which is facing problems on a number of fronts, not least backlash from customers angry about the bank’s plan to apply a $5 monthly fee for using debit cards. The rest, with the ever-dominant Goldman a likely exception, could be hampered by the difficult economy, which has dampened enthusiasm for the kind of big corporate deals for which these banks earn big fees. Apple’s new chief executive, Tim Cook , if he participates in the company’s earnings conference call, could face questions on the direction he intends to take Apple as competition in the consumer gadgets sector gets ever more intense. Earnings from bellwether companies IBM (NYSE: IBM) and Coca-Cola (NYSE: KO) are also due. Inflationary data comes out with the Producer Price Index released Tuesday and the Department of Labor’s September Consumer Price Index out Wednesday. The Federal Reserve has said repeatedly that inflation is a potential concern in the near future, but is not currently a high priority. Gas and food prices have leveled off somewhat since rising sharply earlier this year primarily due to catastrophic events worldwide. Data on September housing starts is due Wednesday. Many economists believe a broad and sustained economic recovery will begin with the housing sector. A glut of inventory and skittish buyers have hurt demand for months. Those dynamics aren’t likely to have changed in September. Existing home sales figures are due Thursday. Also on tap for next week is a report from European fiscal leaders on how to deal with Greek’s overwhelming debt. Any news out of Europe regarding the Greek debt crisis has drawn an immediate response from Wall Street , with good news prompting rallies and bad news prompting sell-offs. Originally posted here: Week Ahead: Bank Earnings and Inflation Data

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Post Cuts Office Space

September 2, 2011

From WSJ.com… The Washington Post said it won’t renew the leases on several of its offices in Virginia and Maryland, in a push to save on rent. Continue reading here: Post Cuts Office Space Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net View post: Post Cuts Office Space

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Home Builders Run Out of Lifelines

August 31, 2011

From WSJ.com… Five years into a housing meltdown, questions are arising about how long some home builders can survive without significant improvement in the market. Follow this link: Home Builders Run Out of Lifelines Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net View article: Home Builders Run Out of Lifelines

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Beantown Scores Trifecta of Deals

August 31, 2011

From WSJ.com… A land swap at Harvard University, Boston’s Mandarin Oriental hotel and Renaissance Boston Waterfront Hotel are in the news. Follow this link: Beantown Scores Trifecta of Deals Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net See more here: Beantown Scores Trifecta of Deals

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Lennar Posts Surprise Profit

March 29, 2011

Lennar swung to a surprise first-quarter profit on earnings at its Rialto Capital unit and a legal settlement, but declines continued at its home-building business.

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Chinese Central Bank’s Question-And-Answer Statement on Yuan Translation

February 16, 2011

By Bloomberg News June 20 (Bloomberg) — The following is a translation of portions of the question-and-answer-style statement on yuan exchange rate reform issued by the People’s Bank of China today. Is further yuan reform in China’s interests?

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Channels- Legal

November 15, 2010

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