Prudential Mortgage closes $100M client loan for retail propertiesAugust 27th, 2009 Prudential Mortgage closes $100M loanNEWARK, N.J. — Prudential Mortgage Capital Co.
Ariz. treasurer preparing for expanded borrowing to help cover state's cash needsAugust 25th, 2009 Ariz. treasurer preparing for expanded borrowingPHOENIX — Arizona still doesn't have an approved balanced budget for the nearly 2-month-old fiscal year and Treasurer Dean Martin's office is making preparations for new large-scale borrowing by the state. Martin said Monday his office is preparing a request for proposals for both a line of credit and bond borrowing known as "commercial paper."
Arizona's cash-short general fund for months has had to borrow up to several hundreds of millions of dollars from other state funds on a daily basis, but Martin says the real crunch will come in October when a big school-aid payment is due on top of other expenses.
Hospitality Properties expands stock offer, and expects to gross $138M from sale of sharesAugust 11th, 2009 Hospitality Properties prices offer of 8M sharesNEWTON, Mass. — Hospitality Properties Trust on Tuesday increased its planned stock offering to 8 million shares at a price of $17.25 per share, implying $138 million in gross proceeds.
Maguire Properties sells site in Irvine for $17 millionAugust 11th, 2009 Maguire Properties sells Irvine, Calif., siteLOS ANGELES — Maguire Properties Inc. said Tuesday that it has sold its Park Place I office property in Irvine, Calif., for $17 million.
Roberts re-elected president of UMWA; Kane wins new terms as secretary-treasurerAugust 3rd, 2009 UMW members re-elect Roberts as presidentCHARLESTON, W.Va. — Cecil E.
Faced with huge deficits, Ariz. state lawmakers consider selling off Capitol buildingsJuly 30th, 2009 Ariz. lawmakers consider selling Capitol buildingsPHOENIX — Desperate for cash, Arizona state lawmakers are considering selling the House and Senate buildings, then leasing them back over several years before assuming ownership again. Dozens of other state buildings may also be sold off and leased back as the state grapples with a huge budget deficit.
Illinois' Democratic state treasurer says he'll run for Barack Obama's old Senate seatJuly 21st, 2009 Democratic Ill. state treasurer to run for SenateCHICAGO — Illinois' state treasurer says he's going to run for President Barack Obama's old Senate seat.
Walgreen promotes CFO Wade Miquelon to new role as executive vice presidentJuly 10th, 2009 Walgreen promotes CFO to additional VP positionDEERFIELD, Ill. — Walgreen Co.
Trumka launches bid to become AFL-CIO's first new president in 14 yearsJuly 9th, 2009 Trumka launches bid to lead huge labor federationWASHINGTON — The nation's largest labor federation is about to elect its first new leader in 14 years after the labor movement split because of tensions about the longtime leadership. Richard Trumka, currently the secretary-treasurer of the AFL-CIO, on Thursday formally launched his bid to become the organization's next president with a boisterous rally at the University of the District of Columbia.
Senior Housing Properties Trust raises quarterly dividend by a penny to 36 centsJuly 1st, 2009 Senior Housing Properties Trust raises dividendNEWTON, Mass. — Senior Housing Properties Trust said it raised its quarterly dividend by a penny to 36 cents.
Hospitality Properties plans to sell 15 million shares to raise money to repay debtJune 18th, 2009 Hospitality Properties to sell 15 million sharesNEWTON, Mass. — Hospitality Properties Trust said Wednesday it plans to sell 15 million common shares to raise funds to repay debt.
Bengals take OT Andre Smith, fill biggest need with lineman who has a few big questionsApril 25th, 2009 Bengals take OT Andre Smith in first roundCINCINNATI — After watching quarterback Carson Palmer get beat up last season, the Cincinnati Bengals used their first-round pick on offensive tackle Andre Smith, filling their biggest need with a lineman who has some of the biggest questions. The junior from Alabama was one of the best blockers available, but gave some teams a fright when he left the combine early.
NFL to look into teams announcing draft picks on Web sites and TwitterApril 24th, 2009 NFL to look into team draft announcementsNEW YORK — The NFL will look into teams revealing their draft picks on their Web sites and through Twitter even before commissioner Roger Goodell might have announced the selections. The San Diego Chargers plan to post their picks this weekend on their Web site as soon as they hand in the name card.
Fortune Inn opens in NoidaApril 10th, 2009 NOIDA - Fortune Park Hotels, a wholly-owned subsidiary of ITC Ltd, Friday opened its second property in Noida after one in Gurgaon and intends to come up with five more in the national capital region (NCR) in near future, a senior company official said. 'With a large number of corporate and other institutions based in the region, we are sure of receiving good response for our hotel,' Fortune Hotels president Suresh Kumar said after the opening of Fortune Inn Grazia.
Stalin is Karunanidhi's heir apparent, DMK leaders indicateDecember 26th, 2008 CHENNAI - Tamil Nadu Chief Minister M. Karunanidhi's son M.K.
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