Mergers & Acquisitions

EXIT Realty Corp. International Signs With DotLoop to Power Hundreds of Offices Throughout the United States and Canada

EXIT Realty Corp. International Signs With DotLoop to Power Hundreds of Offices Throughout the United States and Canada Agreement Solidifies Real Estate Industry’s Movement toward the Only Proven Offer-to-Close Transaction Solution- EXIT Agents can Edit, Negotiate, eSign and Manage Documents within One Hub PR Newswire CINCINNATI, Nov. […]

Mergers & Acquisitions

Open Architecture 401(k) Provider Acquires Regional Retirement Benefit Firm

Open Architecture 401(k) Provider Acquires Regional Retirement Benefit Firm Lincoln Trust purchase of Fringe Benefit Administrators improves economies of scale and expands plan offerings; More acquisitions planned PR Newswire DENVER, Nov. 8, 2011 DENVER , Nov. 8, 2011 /PRNewswire/ — Lincoln Trust Company, a leading provider of open architecture 401(k), profit sharing and self-directed IRA solutions, today announced that it has completed the acquisition of Fringe Benefit Administrators, LTD (FBA), a third-party retirement plan administrator based in Metairie, Louisiana . […]

Stock Analysts

Mixed 3Q for Mack-Cali (BXP) (CLI)

Mack-Cali Realty Corp . ( CLI ) reported FFO (fund from operations) of $72.9 million or 73 cents per share in the third quarter of 2011, up considerably from $64.2 million or 69 cents per share in the year-earlier quarter. […]

Stock Analysts

Loss Widens at Louisiana-Pacific (LPX) (UFPI) (WY)

Louisiana-Pacific Corporation ( LPX ) reported a loss of $59 million or 44 cents per share from continuing operations in the third quarter of 2011, much wider than the loss of $31 million or 23 cents per share in the year-ago quarter. The third quarter results included an after-tax non-cash charge of $38 million or 28 cents per share related to the impairment of Louisiana-Pacific’s laminated strand lumber (LSL) facility. Excluding the charge, the company’s loss stood at $21 m illion or 16 cents per share, narrower than the Zacks Consensus Estimate of a loss of 18 cents. […]

Stock Analysts

Kinross Posts Strong 3Q Results (ABX) (KGC) (NEM)

Gold miner Kinross Gold Corporation ( KGC ) reported an adjusted net income of $273.4 million or 24 cents per share in the third quarter of 2011, above last year’s $116.8 million or 15 cents per share, outpacing the Zacks Consensus Estimate 21 cents per share. GAAP net earnings were $212.6 million or 19 cents per share in the third quarter of 2011 compared with $540.9 million, or 71 cents per share in the prior-year quarter. Quarterly revenues leaped 45% to $1,069.2 million, due to an increase in total ounces produced and a higher average realized gold price […]

Technicals

Bullish MACD for HANS – Tale of the Tape (HANS)

Hansen Natural Corporation ’s ( HANS ) MACD indicator has entered into bullish territory with a reading of 1.0775. The Zacks #2 Rank (“Buy”) stock increased slightly to $93.50 in morning trade. The Zacks Consensus Estimate for the year ending December 2011 has increased by 3 cents over the past week to $3.07 per share […]

Mergers & Acquisitions

AIMCo Completes Acquisition of 50% interest in Grupo SAESA

AIMCo Completes Acquisition of 50% interest in Grupo SAESA PR Newswire EDMONTON, Nov. 8, 2011 EDMONTON , Nov. 8, 2011 /PRNewswire/ – Alberta Investment Management Corporation (“AIMCo”) is pleased to announce that it has agreed on behalf of its clients to acquire Morgan Stanley Infrastructure Partners 50% interest in Inversiones Grupo Saesa Limitada (“Grupo SAESA”), a regulated electricity transmission and distribution company in Chile . […]

Stock Analysts

Macerich Ahead of Estimates (MAC) (SPG)

Macerich Co. ( MAC ) reported third quarter 2011 FFO (fund from operations) of $104.2 million or 73 cents per share compared with $93.3 million or 66 cents per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. […]