Former pot houses growing problem for homeowners

It is a caveat homebuyers in Greater Toronto have become increasingly aware of in recent years. Nestled in among modifiers like “builder’s dream” and “prime location,” a short phrase informs potential buyers that the property used to house a marijuana grow-up. Legally, real-estate agents must include this information, but as the number of raided grow-ops in the city has climbed, so too has the number of listings with the unfortunate caveat that can dramatically affect the selling price. “I Read more [...]

10 Amazing Stalled Skyscrapers Around the Globe

We all know how the economic downturn in the recent past adversely affected the life of every common man. With numerous companies putting down their shutters for ever to uncountable people shunt out from their offices, small businesses collapsing against the decreasing funds and countries struggling to maintain an economic equilibrium, recession struck a deep whole in the lives of many. Well, the real estate market being the hardest hit, it was inevitable that some of the largest and most extravagant Read more [...]

Singapore: the rise and rise of a modern city

Most of the park is accessible only to hotel guests, though there is a public observation deck, a 19-second elevator ride from the street. A better ruse, though, is to book a table on the terrace of one of the two restaurants up there: Ku dé Ta (pretty ordinary cooking, but the food is hardly the point), or Sky on 57, an about-to-open restaurant run by Singapore's most celebrated chef, Justin Quek. Built at a cost of £3.7 billion, the hotel has claims to be a wonder of the world, Read more [...]

Timeform Radio Racing Tips: Princely run?

Timeform Radio Tip / Terry Norman / 10 January 2011 / Leave a Comment Terry believe Prince Marino will be in contention at Wolverhampton "Marino Prince has won four of his last five over hurdles... " Terry Norman livens up Monday afternoon with a pair of bets that could get your week off to a winning start... Trying to decipher whether a horse is well handicapped is one of the joys of this sport and sparks debate like nothing Read more [...]

Elizabeth Arden Plans Debt as Junk Sales Stir: New Issue Alert

Elizabeth Arden Inc., maker of celebrity perfume lines for Mariah Carey and Taylor Swift, is marketing $225 million of 10-year notes as high-yield, high-risk bond sales showed signs of accelerating. The cosmetics company plans to use proceeds from the senior notes to fund a tender offer and consent solicitation for its 7.75 percent senior subordinated notes due 2014, it said in a Jan. 7 statement distributed by Globe Newswire. Last week, $3.37 billion of high-yield bonds were Read more [...]

Blackthorn unlikely to complete Mokopane sale by April

PERTH (miningweekly.com) – ASX-listed explorer Blackthorn Resources said on Monday that it was unlikely to secure the sale of its 74%-interest in the Mokopane nickel and platinum-group element project, in South Africa, before the current permit expired in April. Blackthorn announced in July that it had accepted an offer from its black economic-empowerment partner Matimba Resources, to purchase the 74%-interest for R4-million. However, to date, Blackthorn has not been able Read more [...]

Carlyle Raised US$1.79 Bln In China Pacific Share Sale – Source

(Adds buyers of shares include Fairholme Capital and Allianz; Carlyle’s Dec. 30 sale.)

HONG KONG (Dow Jones)–Carlyle Group L.P. raised US$1.79 billion by selling part of its stake in China Pacific Insurance (Group) Co. (CHPXF) at the top of a placement range, according to a person familiar with the deal Monday.

In Carlyle’s second sale of the company’s shares …

To List or Not to List – India’s Stock Exchange Promoters Face a Speed Bump

C ommittee appointed by stock market regulator Securities and Exchange Board of India (Sebi) has raised the hackles of prospective promoters of stock exchanges as it has suggested that such companies should not be allowed to sell publicly-traded shares or make unlimited profits.If accepted, the panel’s recommendations would pour cold water on the plans of companies such as MCX-Stock Exchange, an exchange proposed by Financial Technologies. It will also somewhat Read more [...]

To List or Not to List – India's Stock Exchange Promoters Face a Speed Bump

C ommittee appointed by stock market regulator Securities and Exchange Board of India (Sebi) has raised the hackles of prospective promoters of stock exchanges as it has suggested that such companies should not be allowed to sell publicly-traded shares or make unlimited profits.If accepted, the panel’s recommendations would pour cold water on the plans of companies such as MCX-Stock Exchange, an exchange proposed by Financial Technologies. It will also somewhat lock Read more [...]