If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Aflac Incorporated reported its second quarter results.
Reflecting a stronger yen to the dollar, total revenues increased 15.2% to $4.3 billion during the second quarter of 2008, compared with $3.8 billion a year ago. Net earnings were $483 million, or [...]
SSP Holdings plc (”SSP” or “the Company”) (AIM: SSPH), a key provider of IT solutions to the global insurance industry, and an entity owned by funds managed or advised by the private equity firm Hellman & Friedman LLC (”H&F”) announced today that they have agreed the terms of a recommended cash acquisition to be made [...]
US$34.7 Million Invested in 6,364.5 Square Meters Grade-A Office Space Located in the Heart of Shenzhen’s Central Business District
Global Sources has entered into contracts to purchase additional office space in Shenzhen’s Central Business District, which will be leased to the Company’s sales representatives, as part of their China expansion.
The total purchase price for the 6,364.5 [...]
China TransInfo Technology Corp. (BULLETIN BOARD: CTFO) , (”China TransInfo” or “the Company”), a leading provider of public transportation information systems technology and comprehensive solutions in the People’s Republic of China (”PRC”), today announced that it has successfully closed a private placement transaction with SAIF Partners III L.P. (”SAIF”), pursuant to which the Company issued [...]
If you’ve never heard of the U.S.-Mexico border towns of Mission and McAllen, Texas, it’s in your best economic interest to remember them. The South Texas border has seen tremendous development over the last decade and investors are discovering what is amounting to a modern-day gold rush.
The Mission/McAllen MSA (part of the Rio Grande Valley) [...]
Bridge Finance Group (”Bridge”) announced the completion of a $14.0 million revolving line of credit to Hill Enterprises, Inc. and Subsidiaries (”Hill” or the “Company”) on July 9, 2008. Bridge acts as Agent on the transaction, with U.S. Bank serving as co-lender in the facility. The Company, founded in 1982, is a large-scale bulk oil, [...]
Imagi International Holdings, Limited (HKSE Stock Code: 585) today announced agreement on terms for the placement of USD $40 million in ordinary shares to Singapore-based Oxley Spring Media Limited.
Under the terms of the transaction, Oxley Spring Media will acquire approximately 362,791,000 shares priced at HKD $0.86 per share. On a fully diluted basis, the shares [...]
High inventories, weak economic conditions delay start activity
Housing starts in 2008 are expected to be 36 percent lower than 2007 levels, creating three straight years of declines. According to a recent Portland Cement Association (PCA) Economic Research report, the toxic mix of weak economic conditions, tight credit conditions, and tepid sales are causing huge [...]
Grubb & Ellis Healthcare REIT, Inc. today announced the acquisition of Medical Portfolio 3, a collection of 13 healthcare-related properties comprising 20 buildings, located throughout Indianapolis.
Medical Portfolio 3 consists of approximately 689,000 square feet of gross leaseable area. The portfolio is 91 percent leased, and is primarily anchored by Clarian Health Partners, which has occupancy [...]
Main Street Capital Corporation (NASDAQ:MAIN) (”Main Street”) announced today that it was added to the Russell Microcap(R) Index when Russell Investments reconstituted its comprehensive family of U.S. indexes on June 27, 2008.
The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. Membership in the Russell Microcap, which remains [...]