Monthly Archives: March 2012

BATS leaders disagree on new IPO for exchange

Posted on by Listify Me
By Jonathan Spicer NEW YORK | Mon Mar 26, 2012 2:13am BST NEW YORK (Reuters) - Disagreement emerged on Sunday over the re-listing of an electronic stock exchange that suffered a high-profile crash last week, a breakdown that forced it to unwind its initial public offering of shares. Dave Cummings, the outspoken founder and a board member of BATS Global Markets Inc, called in an open letter for the company to "develop a credible IPO plan" and "go Read more [...]

Shenhua Energy Expects Coal Sales to Surpass Target This Year

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China Shenhua Energy Co. (1088), the listed unit of the nation’s biggest coal producer, said it expects 2012 sales volumes to surpass a target set at the end of last year because of rising demand. Coal sales may increase to 425 million metric tons, based on the “positive results” seen in January and February, Chairman Zhang Xiwu told reporters in Hong Kong today. The company’s previous sales target was 411 million tons, he said. The unit of Read more [...]

Listed Private Equity Boosted By Rise In Asset Sales

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LONDON (Dow Jones)–Listed private equity companies replenished balance sheets in the last quarter of 2011 as buyout funds in which they invested managed to sell a load of companies many of which had been bought at the height of the boom, according to research published Monday.

Realization activity at …

Zombie neighborhoods: Derelict for years, vacant subdivisions’ future still hazy

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<!--Saxotech Paragraph Count: 2-->“We did the same thing with WildWing,” he said.Back from the deadAs some zombie neighborhoods languish, there are signs of life. Hoover is behind the redevelopment of both Dry Creek and WildWing, a zombie neighborhood which sits on Timnath Reservoir, where a 282-acre expanse of lots originally designed for high six- and seven-figure homes has been sitting dormant since the original developer’s bank foreclosed on WildWing four years ago. “We’re going Read more [...]

Listed Pancake House readies new high-end dining brand

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The firm behind the namesake pancake chain as well as the Yellow Cab pizza franchise is looking to spend as much as P12 million for the first branch of Maple, which will serve American comfort food, Bernadette M. Lee, Pancake House brand group managing director, told BusinessWorld in a telephone interview last Friday.“The first location is going to be in San Antonio Plaza, [Makati City]. We’ve already been granted the permit to construct, and we’re already in the homestretch Read more [...]

Home of the Week: Nothing else compares in Lawrence Park

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By Connie Adair Lawrence Park458 Blythwood Rd. (Blythwood Road and Bayview Avenue)Asking price: $7.85-millionTaxes: $31,001 (2011)Bedrooms: 4+1Bathrooms: 8MLS# C2236272 Lawrence Park has a secret, and this property is it, says listing agent Janice Rennie of Chestnut Park Real Estate. Appearing to be a traditional 50-foot wide lot, the property “quickly widens to 100 feet, a long private tree-lined lane unfolding to an almost one-acre lot. No other lots compare to it in Lawrence Park,” Ms. Read more [...]

Iowa’s lobbying free-for-all

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© 2012, Des Moines Register and Tribune Co.Special-interest groups and public entities have spent more than $1 million to wine, dine and entertain Iowa lawmakers, state officials and visiting dignitaries in the three most recent legislative sessions, a Des Moines Register analysis of lobbyist spending shows.The events ranged from informal muffin and coffee breakfasts costing less than $200 to lavish parties with shrimp, roast beef, imported cheeses and unlimited cocktails, where special interests Read more [...]

More buyers, but fewer houses for sale in Valley

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Although some buyers are finding themselves in a bidding war for well-kept homes in desirable locations, prices overall remain flat. Foreclosures and short-sales still make up almost half of home sales in Fresno County, according to the Fresno Multiple Listing Service, and the possibility of more foreclosures flooding the market later this year remains a drag on prices."It's a highly unusual market," where the short supply appears to defy normal economics, said economist Jeff Michael, Read more [...]