Monthly Archives: January 2012

DLF in talks to sell wind power business, assets-paper

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Wed Jan 18, 2012 10:25pm EST Jan 19 (Reuters) - DLF, India's largest listed developer, is in talks to sell 18 billion rupees ($357 million) worth of non-core assets in the fiscal year that begins in April, the Economic Times reported on Thursday, as the company looks to pare debt. DLF is close to finalise a joint venture agreement with an unnamed Japanese company for the Indian developer's convention centre project in New Delhi in a deal worth 8 billion rupees, Read more [...]

Olympus Is Likely to Remain Listed

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BY KANA INAGAKI TOKYO—The Tokyo Stock Exchange is expected to keep Olympus Corp. shares listed, people familiar with the matter said Thursday, a move that would clear one of the many hurdles the company faces in recovering from a $1.5 billion loss-hiding scandal. The exchange hasn't found any "material impact" from the accounting irregularities at the Japanese maker of cameras and medical imaging equipment to warrant expulsion from the market, although it will likely slap a ¥10 million Read more [...]

Bay Area home sales struggle to revive in 2011

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Across the Bay Area, real estate in 2011 was a puzzle of contrary trends that saw prices decline for single-family houses and large areas of depressed sales, but bubbling activity in key pockets that may indicate a better year to come.Overall, sales of single-family homes in the counties of Contra Costa, Alameda, San Mateo and Santa Clara were close to flat from 2010 and are about half their 2004 peak, real estate information service DataQuick reported Wednesday. The median price of a single-family Read more [...]

One Northland death listed in adverse event tally

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St. Luke’s hospital reported three pressure ulcers, none resulting in death or serious disability; and three falls, all resulting in serious disability.Dr. Gary Peterson, chief medical officer of St. Luke’s, said each event is treated seriously.“I’d like to say how sorry we are at St. Luke’s for any adverse events happening at our hospital and how seriously we do take those events,” Peterson said. “We have a number of initiatives that we’ve undertaken here at St. Luke’s … to really Read more [...]

RCom Planning To Raise $1.5Bn By Listing It’s Cable Unit

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Reliance Communications is planning to raise upto $1.5Bn by listing it's Singapore based undersea cable unit - Flag Telecom.Under the offer, FLAG Telecom will be listed as a business trust and Deutsche Bank is working on the deal. Reliance may sell 75% stake in the unit seeking a valuation of $2bn.Deustche Bank is handling the share sale for Reliance. Reliance Communication had acquired Flag undersea cable network for $207Mn Read more [...]

Top Oversold U.S.-Listed Chinese Stocks (Jan 18, 2012)

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China Ming Yang Wind Power Group Ltd (NYSE:MY) is the most oversold U.S.-listed Chinese stock on Jan. 18. It was down 4.2% on the day. MY's upside potential is 127.2% based on brokerage analysts' average target price of $6.22. It is trading at 25.0% of its 52-week high of $10.96, and 132.2% above its 52-week low of $1.18. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) is the second most oversold U.S.-listed Chinese stock on Jan. 18. It was down 2.2% on the day. BIDU's upside potential is 41.6% based Read more [...]

What A Weekend: Indian River County Events: Jan. 20-22

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Live local weather radar » Man, I love winter on the Treasure Coast. Nothing is so gratifying as watching reports of snow being dumped on buddies in Seattle and the Northeast while I'm wearing shorts, flip-flops and a T-shirt. Sure, my yard already is turning into a dust bowl; that just means I don't have to mow what I euphemistically call my "lawn." Less time spent mowin' means more time for goin' — to fun events such as the ones listed below. Stews you can use On Read more [...]

Trump SoHo Developers Will Auction Hotel, Unsold Condos in March or April

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The developers of Manhattan’s Trump Soho will put the hotel and its unsold condominium units up for sale, said Alex Sapir, one of the property’s builders. The Sapir Organization, which developed the property with Bayrock Group LLC, has hired brokers Eastdil Secured LLC and Jones Lang LaSalle Inc. to hold an auction for the unspecified number of unsold condominium units and the hotel’s common areas, said Alex Sapir, president of the Sapir Organization. Sales of the Trump Read more [...]

Capital Weather Gang bloggers listed among GQ magazine’s “50 Most Powerful …

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Time for us Capital Weather Gang bloggers to update our wardrobes: we made GQ’s “The 50 Most Powerful People in Washington” list. Among a group that includes Secretary of State Hillary Clinton, the Post’s Ezra Klein, and CIA director David Petraeus, we’re #38 of 50. Here’s what GQ had to say about us: The Washington Post forecasting outfit is made up of fifteen “degreed meteorologists and/or hard-core weather geeks (typically both),” says weather editor Jason Read more [...]