Real Estate Services
Ally Financial Inc To Pay $2.1 Billion To Settle Claims Tied To Residential Capital LLC-Reuters
Reuters reported that Ally Financial Inc agreed to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initially offered to creditors of the subprime mortgage business. Ally hopes the deal will finally end allegations that ResCap was stripped of choice assets such as its online bank, Ally Bank, before being put into bankruptcy, leaving the mortgage unit’s creditors empty-handed.
Belvoir Lettings PLC Announces Acquisition Of Lettings Agencies In Basingstoke And Andover
Belvoir Lettings PLC announced that it has acquired four lettings agencies based in Basingstoke and Andover. The acquisition is of Claygold Ltd (Claygold), which trades as Redwoods from one branch in Andover and three in Basingstoke. The lettings business of Redwoods will be sold on to the two existing Belvoir franchise businesses in Basingstoke and Andover respectively and will increase the size of these two franchises substantially. The vendors who have worked in the business for over 20 years are now retiring. The shares of Claygold were acquired for GBP1.535 million and net assets within the companies are not expected to exceed GBP100k. GBP1.435 million will be ascribed to goodwill. The consideration was paid in cash from Belvoir's bank facilities, other than retentions which will be settled when completion accounts are finalised.
HARAKOSAN CO LTD Announces Settlement of Lawsuit; Announces Extraordinary Loss for Q1 of FY 2014
HARAKOSAN CO LTD announced that it has reached a settlement on the lawsuit, which a Ibaraki-based company filed against the Company, demanding the payment of reward for building panning. The Company will pay JPY 5,000,000 to the Ibaraki-based company for the settlement. As a result, the Company will record a JPY 5,000,000 extraordinary loss for the first quarter of the fiscal year ending February 2014.
E-House (China) Holdings Ltd Raises FY 2013 Revenue Guidance
E-House (China) Holdings Ltd announced that for fiscal 2013, it expects revenue to be approximately $600 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $558 million for fiscal 2013.
Compagnia Immobiliare Azionaria SpA Appoints Dr. Angelo Riccardi as Chairman
Compagnia Immobiliare Azionaria SpA announced that the Board of Directors has appointed Dr. Angelo Riccardi as the new Chairman of the Board of Directors of the Company, substituting Mr. Vittorio Terrenghi.
Gabetti Property Solutions SpA Issues FY 2013 and FY 2016 EBITDA Guidance
Gabetti Property Solutions SpA announced that it has issued the Company's EBITDA guidance for fiscal year 2013 and fiscal year 2016. The Company expects to report for fiscal year 2013 a return to a positive EBITDA and for fiscal year 2016 EBITDA of EUR 10.9 million. The guidance is part of the Company's 2013-2016 Plan.
Everlance Co Ltd Announces No Dividend Payment for FY 2012
Everlance Co Ltd announced that it will pay no dividend to shareholders for fiscal year 2012.
CBRE Group Inc Issues FY 2013 Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2013 EPS Gudiance-Conference Call
CBRE Group Inc announced that for fiscal 2013, it expects revenue to be in the high single digits and expects EPS of $1.40 to $1.45. The Company reported revenues of $398.78 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $460.28 million and EPS of $1.43 for fiscal 2013.
Area Quest Inc Raises Consolidated Full-year Outlook for FY 2013
Area Quest Inc announced that it has raised its consolidated full-year outlook for revenue from JPY 713 million to JPY 802 million, operating profit from JPY 31 million to JPY 44 million, ordinary profit from JPY 30 million to JPY 45 million and net profit from JPY 28 million to JPY 32 million, for the fiscal year ending June 2013. This is due to the increased sales and the cost reduction.
HAHN Immobilien Beteiligungs AG Comments on FY 2013 Guidance
HAHN Immobilien Beteiligungs AG announced that it expects to generate consolidated earnings after taxes in the range of EUR 2 million to EUR 3 million in the fiscal year 2013.
Markets
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- U.S.
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Sector Summary
| Energy |  -0.39% |
| Basic Materials | -0.25% |
| Industrials |  +0.03% |
| Cyclical Goods & Services | +0.06% |
| Non-Cyclical Goods & Services | +0.69% |
| Financials | -0.07% |
| Healthcare | +0.03% |
| Technology | -0.06% |
| Telecoms | -0.14% |
| Utilities | -0.23% |
| DOW | 15,303.10 | +8.60 |
+0.06% |
| S&P 500 | 1,649.60 | -0.91 |
-0.06% |
| NASDAQ | 3,459.14 | -0.27 |
-0.01% |
| TR US Index | 149.51 | -0.14 |
-0.09% |
Analyst Research
| Report Title | Price |
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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