Month: March 2018

Mergers & Acquisitions

Golub & Company And USAA Real Estate Joint Venture Acquires Century Tower

March 1, 2018 0

Golub & Company And USAA Real Estate Joint Venture Acquires Century Tower Owners De-Convert and Plan Renovation of Historic Chicago Loop High-Rise PR Newswire CHICAGO, March 1, 2018 CHICAGO , March 1, 2018 /PRNewswire/ — Chicago -based international real estate developer Golub & Company and USAA Real Estate announced today that they have formed a joint venture and acquired Century Tower. A vintage, luxury Chicago high-rise, Century Tower is located at 182 W. Lake Street and currently includes 292 residential condominiums in the heart of Chicago’s Loop […]

Economic Data

Jobless Claims Down To 210K

March 1, 2018 0

…And the Initial Jobless Claims just keep falling. Last week, a downwardly revised 220K was the lowest weekly figure we’d seen since the early ’70s; today we see that number fall by another 10K claims to 210K — the lowest since the Beatles were still together (and the labor market looked much, much different than it does today). Continuing claims rose a bit to 1.93 million, but this remains historically low […]

Mergers & Acquisitions

Qualcomm’s Board of Directors Issues Statement

March 1, 2018 0

Qualcomm’s Board of Directors Issues Statement PR Newswire SAN DIEGO, March 1, 2018 SAN DIEGO , March 1, 2018 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today issued a statement from its Board of Directors in connection with Qualcomm’s 2018 Annual Meeting of Stockholders on March 6, 2018 . The letter follows: Dear Qualcomm Stockholders, In the coming days, you will make important choices about your investment in Qualcomm and the company’s future direction. We are grateful for the time many of you have spent engaging with us in weighing all the facts as you make this important decision. […]

Mergers & Acquisitions

CommuniCare Family of Companies Acquires 13 Skilled Nursing Centers in Ohio

March 1, 2018 0

CommuniCare Family of Companies Acquires 13 Skilled Nursing Centers in Ohio Previously managed by Atrium Centers, the Ohio Centers add to CommuniCare’s ability to serve senior healthcare needs. PR Newswire CINCINNATI, March 1, 2018 CINCINNATI , March 1, 2018 /PRNewswire/ — CommuniCare Health Services now manages 13 senior living facilities in Ohio previously under the management of Columbus -based Atrium Centers. […]

Stock Analysts

IMAX Spreads Across India, Signs Agreement With PVR Cinemas

March 1, 2018 0

IMAX Corporation IMAX has signed a contract with PVR Cinemas, a film entertainment company in India for five new IMAX Theatres. The theatres will be located at both new and existing PVR multiplexes across major metropolitan cities. PVR is IMAX’s largest partner in India, consisting of seven IMAX theatres in the country. […]

Stock Analysts

Terreno Realty (TRNO) Sells Industrial Property for $20.3M

March 1, 2018 0

Terreno Realty Corporation TRNO recently announced that it has sold an industrial property in Capitol Heights, MD, on Feb 26. The property has been sold for approximately $20.3 million. This property at 1000 Hampton Park Boulevard consists of an industrial distribution building, spanning around 139,000 square feet, on approximately 7.7 acres. […]

Stock Analysts

ExxonMobil to Divest Terra Nova Project Offshore Canada

March 1, 2018 0

The Canadian unit of ExxonMobil Corporation XOM is planning to divest its whole 19% interest in the Terra Nova offshore oil project. The offshore project is located 350 kilometers southeast of Newfoundland and Labrador, Canada. Per Reuters, the initial bids for the sale are expected to be on Mar 30, 2018 […]

Stock Analysts

Higher Rates & Loan Growth Aid Hancock Holding, Costs a Woe

March 1, 2018 0

Hancock Holding Company HBHC remains well positioned for growth given its strategic initiatives, persistent growth in loan and deposit balances, and improving interest rate environment. The company’s price performance also looks impressive. Its shares have gained 14.9% in 2017, outperforming 3.3% growth of the industry . […]

Stock Analysts

Deutsche Bank to Settle Libor Manipulation Case for $240M

March 1, 2018 0

Per a Reuters article, Deutsche Bank Aktiengesellschaft DB has agreed to settle an antitrust case in the United States that accuses it of plotting with some other banks and manipulating the Libor benchmark interest rate. The German bank is required to pay about $240 million despite denying of any wrongdoings. While the preliminary settlement documents were filed in the U.S […]

Stock Analysts

TCP Pipelines (TCP) Q4 Earnings and Revenues Lag Estimates

March 1, 2018 0

TC PipeLines, LP TCP reported fourth-quarter 2017 earnings of 77 cents per unit, marginally missing the Zacks Consensus Estimate of 78 cents. Higher expenses and lower-than-expected revenues led to weaker results. However, results were partly offset by higher equity earnings from Iroquois Gas Transmission System, LP. […]

Economic Data

Jobless Claims 210K: Lowest Since 1969

March 1, 2018 0

Thursday, March 1, 2018 …And the Initial Jobless Claims just keep falling. Last week, a downwardly revised 220K was the lowest weekly figure we’d seen since the early ’70s; today we see that number fall by another 10K claims to 210K — the lowest since the Beatles were still together (and the labor market looked much, much different than it does today). Continuing claims rose a bit to 1.93 million, but this remains historically low […]

Mergers & Acquisitions

Bernhard Capital Announces Acquisition of W.A. Chester from Exelon

March 1, 2018 0

Bernhard Capital Announces Acquisition of W.A. Chester from Exelon PR Newswire BATON ROUGE, La., March 1, 2018 BATON ROUGE, La. , March 1, 2018 /PRNewswire/ — A group of investors led by Bernhard Capital Partners Management, LP (“Bernhard Capital”), a services-focused private equity management firm, today announced that it has acquired W.A. […]