Apr
18
General Growth Properties Files for Bankruptcy Protection
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Early this morning, U.S. mall REIT, General Growth Properties (NYSE:GGP), announced that the company, as well as 158 of its 200 malls, filed for Chapter 11 bankruptcy protection. GGP’s third party management businesses, as well as its joint ventures,…
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Apr
18
S.G.S. Gaming Announces the U.S. Field Trial of Two Cards High Poker in Las Vegas (Press Release)
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S.G.S. Gaming is pleased to announce the start of the U.S. field-trial of its new Two Cards High Poker game Tuesday in Las Vegas. Two Cards High Poker is a new patent-pending card game which opened at noon Tuesday at the Boulder Station Hotel and Cas
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Apr
18
Tracy to Head Travelers Inland Marine Unit
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Joseph Tracy has been named president of Travelers Inland Marine business unit. Tracy, who joined Travelers in 2006, most recently served as chief underwriting officer for the Inland Marine …
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Apr
18
How Fannie Mae And Freddie Mac Were Saved
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Investopedia Apr 18 2009 9:45AM GMT
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Apr
18
Consolidation causes Carlyle layoffs
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A spokesperson said for jeweler Carlyle & Co.’s parent company said the announced layoffs of 90 people in Greensboro that will happen this summer is the result of a consolidation of administrative functions to New York.
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Apr
18
Institutional Investors Pay More for Energy-Efficient Buildings, Study Finds
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Large institutional investment firms are factoring the enhanced market value of energy-efficient property into their real estate investment models, the nation’s first study on investment returns from Responsible Property Investments (RPI) has found.Written…
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Apr
18
Beware of loan mod fees
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Uncle Sam helping owners 5% underwater at no cost
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Apr
18
BI adds BIE veterans, realigns staff
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Business Insurance recently made several changes to its staff. After the closure last month of Business Insurance Europe , Michael Bradford, Hugo Foster, Adrian Ladbury and Sarah Veysey have joined the staff of BI to continue its coverage of international news. Mr. Ladbury, previously editor and…
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Apr
18
Most Mortage Rates Receed This Week
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McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.82 percent with an average 0.6 point for the week ending April 16, 2009, down from last week when it averaged 4.87 percent. Last year at this time, the 30-year FRM averaged 5.88 percent.
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Apr
18
Poconos casino owner DeNaples cleared of all perjury charges (Pittsburgh Tribune-Review)
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A Poconos casino owner accused of lying to state gambling investigators about his alleged ties to organized-crime members is cleared of all charges, prosecutors said Tuesday. Scranton businessman Louis DeNaples, 68, will give his ownership of Mt.
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