Stock Analysts

Goodyear Divests Tire Plant (CTB) (GT)

Goodyear Tire & Rubber Company ( GT ) sold its 43-year old tire manufacturing plant in Union City, Tennessee to Titan Tire Corporation at an undisclosed price. Titan Tire Corporation produces tires for large earth-moving equipment, farm implements and other off-road vehicles. […]

Stock Analysts

Health Care REIT Updates Guidance (HCN) (HCP)

Health Care REIT Inc. ( HCN ), a real estate investment trust (REIT) that operates senior housing and health care real estate, has recently updated its recurring FFO (funds from operations) and FAD (funds available for distribution) guidance for fiscal 2011 to better reflect the effect of the just-concluded secondary offering of approximately 12.7 million shares. 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. […]

Stock Analysts

Eurozone in Focus Ahead of Macro Reports (BRK.A) (IBM) (JCP)

Developments in Europe will remain the dominant issue in the market today given the relatively thin economic calendar. Italy appears to be taking the necessary steps to muddle through its debt problems and not drag down the entire Euro-zone project. This is helping calm some of the more exaggerated fears that had taken effect early last week. […]

Mergers & Acquisitions

49 Former Sterling Branches Across Texas Open Today as Full-Service Comerica Banking Centers

49 Former Sterling Branches Across Texas Open Today as Full-Service Comerica Banking Centers New Comerica Signage to be Illuminated Today at 28 Banking Centers in Houston, 13 in San Antonio Region, 8 in Dallas/Fort Worth PR Newswire DALLAS, Nov. 14, 2011 DALLAS , Nov. 14, 2011 /PRNewswire/ — Effective today, 49 former branches of Sterling Bancshares in Texas will open for business as full-service Comerica Banking Centers […]

Stock Analysts

Kimco,General Growth to Revamp Mall (GGP) (KIM)

Kimco Realty Corporation ( KIM ) recently announced that it has entered into a joint venture with General Growth Properties Inc. ( GGP ) for developing the Owings Mills Mall in Owings Mills, Maryland, in northwest Baltimore County. The 25-year old, 1 million square foot mall was previously owned by General Growth and the latter seeks to redevelop the property jointly with Kimco […]