Beginner Investing News

Fourth-quarter profits fall almost 18% at Berkshire
Winston-Salem Journal - Buffett said that the few companies Berkshire owns that did have problems last year were ones tied to housing, such as Acme Brick, Shaw carpet and Berkshire s real-estate brokerage businesses.

Digital Realty Trust to Present at Citi’s Global Property CEO
MSN MoneyCentral - Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic and

Obituaries in the News
Guardian Unlimited - HONOLULU (AP) - Ben Chapman, a decorated Korean War veteran and real estate executive best known for playing the title character in the 1954 horror film “Creature From the Black Lagoon,'’ died Feb. 21. He was 79. Chapman died at Tripler Army Medical

Reports: Family feud led to departure of Hong Kong property firm
CNBC - Sun Hung Kai Properties, one of Hong Kong’s most high-profile real-estate firms, announced two weeks ago that chairman and chief executive Walter Kwok would take a leave of absence for personal reasons and hand over duties to his younger brothers

Honolulu Commercial Real Estate - View Honolulu Commercial Real Estate
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Find a job in San Jose or anywhere else!
La Oferta - Front Page National International State Local Mexico Latin America Government & Politics Immigration Business & Finance Sports Real Estate Employers: Fill your positions! Need qualified candidates Now? Fill your job opening with CareerBuilder.com’s employee

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Splendora City Secretary Dana Welter swears in Police Chief Alex
North Channel Sun - Stepping aside from the business of the city, Conroe Mayor Tommy Metcalf is investing in the business of the heart .

Japan stocks down 2 pct, hit by yen, economy fears
Reuters South Africa - TOKYO, Feb 29 (Reuters) - Japan’s Nikkei average fell 2.3 percent on Friday to a one-week closing low, with Sony Corp (6758.T: Quote , NEWS , Research ) and other exporters taking a beating on a clouded earnings outlook after the dollar touched a

Mitsubishi Motors maps out mid-term growth plan
Reuters South Africa - TOKYO (Reuters) - Mitsubishi Motors Corp said on Friday it would focus on promising new car markets to secure medium-term growth, announcing a target of boosting net profit by 2- times in three years. Under its new business plan, the struggling

Albuquerque Commercial Real Estate - View Albuquerque Commercial Real
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Major Restructuring of PANAMERSA Corporation (PNMS:PK)
MSN MoneyCentral - The fund will be deriving its income from a 30% participation in FPA’s group of companies, involved in the Commercial Integration of LATAM including: conservation, real estate development, construction industries, mining

Houston Real Estate - Houston Commercial Real Estate - Houston
Houston Business Journal - bizspace.com Albany Albuquerque Atlanta Austin Baltimore Birmingham Boston Buffalo Charlotte Cincinnati Columbus Dallas Dayton Denver Houston Jacksonville Kansas City Los Angeles Louisville Memphis Milwaukee Nashville Orlando Honolulu Philadelphia

Cash-strapped SF suburb of Vallejo, Calif., strikes tentative deal to
International Herald Tribune - It’s a nightmare for city governments because they have to continue to pay these benefits that were granted when they had extra money from real estate and sales tax,” Fritz said.

All you need is a seller, a buyer and a hot real-estate market
AZCentral.com - It’s a shame that land values are so down right now. Because the state fairgrounds at 19th Avenue and McDowell Road are ripe for sale. It lies on the edge of the growing downtown and one of the toniest residential sections around. The Arizona State

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Banks warned against developers, polluting borrowers
South China Morning Post - The mainland s banking regulator on Thursday warned big lenders of the risks of lending to real-estate developers and highly polluting or energy-intensive firms, ordering them to step up controls to prevent a rebound in bad loans. Despite a drop in

Wine s Global Reach Brings New Buyers to Bordeaux
New York Times - In search of the chateau of their dreams, the Chengs were shown more than 30 available properties in Bordeaux, said Daniel Carmagnat, whose real estate agency in nearby Ste.-Foy-la-Longue specializes in wine-producing properties. She took lots of

US January foreclosures up 57 pct in year - report
Forbes - Foreclosure filings in January rose 8 percent from the prior month after jumping 19 percent a year earlier, the real estate marketing company said on Tuesday.

No return on home deposit
San Jose Mercury News - In the heady years of the real estate boom, buyers who pulled out of a deal usually got their deposits back. But these days, in a market still searching for a bottom, buyers who walk away are increasingly out of luck. “In the past, some home builders

Michael Jackson’s Neverland sale
NZCity - If no-one meets the auction asking price, Fortress Investments - who originally loaned ‘Thriller’ star Michael $300 million to pay off his debts - are likely to take possession of the 2,800 acre property and sell it though a Santa Barbara real estate

Suharto’s son awarded damages in Indonesian defamation suit over graft
International Herald Tribune - The agency claimed Tommy Suharto caused state losses of nearly US$53 million ( 36.6 million) in a 1995 real-estate deal. “Considering the defendant (Tommy) is a renowned entrepreneur with a national and international reputation, this lawsuit has

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WTDirect Implements Tighter Security Measure So Clients Can Save With Confidence

With increased frequency and sophistication, fraudulent phishing sites are stealing personal information from unsuspecting online savers. WTDirect, an online savings bank, has added another layer of security to visually assure clients that they’re at the authentic WTDirect.com site. (PRWeb Feb 27, 2008)

Read the full story at http://www.prweb.com/releases/2008/02/prweb724764.htm

UBS chair faces shareholders
CNN Money - UBS chairman Marcel Ospel urged shareholders to back a capital plan to raise billions of dollars from foreign investment funds. BASEL, Switzerland (AP) — UBS AG Chairman Marcel Ospel urged shareholders Wednesday to approve a recapitalization deal

Fenosa has 2.9 bln eur investment capacity for acquisitions
Forbes - MADRID (Thomson Financial) - Union Fenosa SA has an additional 2.9 bln eur investment capacity for acquisitions, having already earmarking 6.125 bln eur as part of its 2007-2011 BIGGER Strategic Plan, chairman Pedro Lopez Jimenez said. Speaking to

StatoilHydro Q4 hit by merger, production costs
Guardian Unlimited - The restructuring costs represent an investment to achieve significant synergy gains from the merger in the coming years.”

Unknown foreign bidder offers to buy Lithuania’s bankrupt Ekranas
CNBC - The lawyers representing a foreign company have offered to buy Ekranas’ real estate at a much higher price compared with previous offers. The creditors have already demanded a prepayment, which, according to unofficial sources, reaches 300,000 litas

UniCredit, Fortress in talks for Pioneer real estate funds - report
Forbes - MILAN (Thomson Financial) - US investment group Fortress is in exclusive talks with UniCredit SpA to become a partner in managing the real estate funds owned by Unicredit’s asset management unit, Pioneer, Il Sole 24 Ore said without citing sources

City plows are already over budget
Chicago Sun-Times - Three months later, aldermen approved a 40 percent increase in the real estate transfer tax tied to the CTA bailout. What happens if the snow removal budget runs dry?

Real estate boom to increase inflationary pressures in the GCC
Zawya.com - Abu Dhabi, 27 th of February 2008: Mounting inflation in the GCC markets has become an increasingly urgent concern, according to prominent real estate figures, as the soaring rents and the upward trajectory of inflation have undermined the

Accor Profit Rises 76% on Disposals, Pricier Hotels (Update3)
Bloomberg - Feb. 27 (Bloomberg) — Accor SA, Europe’s biggest hotel owner, said 2007 profit climbed 76 percent on real-estate disposals and increased revenue from its luxury Sofitel brand. Net income climbed to 883 million euros, or 3.92 euros a share, from 501

Deal for Waldorf-Astoria done
Herald Tribune - SARASOTA After pursuing one of the world’s top hotel brands for more than a year, the developer of downtown Sarasota’s Proscenium project has cemented a deal for a 225-room Waldorf-Astoria that will be the centerpiece of the $1 billion complex

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1031 Tax Exchanges Will Soon Apply To Vacation Homes, Condo Hotels, Lake Homes And Second Homes

Good news is just around the corner for owners of 2nd homes, vacation property and seasonal rental-units. The Internal Revenue Service will soon unveil a new safe-harbor rule for investors that own (or want to own) vacation properties. This new procedure will allow owners who primarily rent out their vacation homes, but occasionally use them for some personal use, a way to defer all their capital gains taxes by using a 1031 tax exchange. (PRWeb Feb 26, 2008)

Read the full story at http://www.prweb.com/releases/vacation_homes/1031_exchange/prweb718714.htm

How Safe is the Neighborhood You Live in?

Neighborhood safety is becoming a higher priority for homebuyers. Fizber.com launches http://safety.fizber.com/ [Crime and Safety] resource in response to public concerns. (PRWeb Feb 26, 2008)

Read the full story at http://www.prweb.com/releases/2008/02/prweb706583.htm

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Golden Goodbyes to ex-CEOs
FOX News - and require the agency to begin putting the details of CEO compensation in plain simple English and math, so that the investing While it was no secret on Wall Street that Bob Nardelli was among the most highly compensated CEO’s in the land, it was

Tata Com will boost high-margin play
Daily News and Analysis - CEO, Tata Communications Ltd told DNA Money, Our focus would be in the value-added and managed services space and investing corporate strategy, Tata Communications told DNA Money, There haven t been any significant developments on the land

Black leader, a Clinton ally, tilts to Obama
International Herald Tribune - Clinton is too experienced. She knows the game and will play it the same game that has been played for years. Obama will be bring a new game to the field and will be making new rules. [ 539 ] Posted by: rick columbus oh us 20 February 2008

More vision, less denial
St. Petersburg Times - Buy more environmentally sensitive land now while prices are falling. Provide health insurance for more children to reduce charity care in hospital emergency rooms. But investing requires money, and the tax system is broken.

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VantageILM Inc. Announces Investment by Momentum Venture Management
Forbes - VantageILM Inc. (www.vantageilm.com), a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions, today announced a capital investment by Momentum Venture Management (www.mvmpartners.com

Encysive, Garmin, Hewlett-Packard, Koppers: U.S. Equity Movers
Bloomberg - The builder that sells most of its homes in Texas, Arizona and California was upgraded to “buy'’ from “neutral'’ at UBS Investment Research, which said the company generated “significant'’ cash flow in the second half of 2007 and may return to

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‘The Pope’s Children’ to Arrive in American Bookstores in February 2008

John Wiley and Sons to Publish Irish Best Seller in United States. Author David McWilliams Explains How the Irish Economy Has Drastically Changed in the Past 30 Years - Controversial in Ireland Due to Stereotypes It Proposes. 'The Pope's Children' Will Completely Change Americans Perception of Ireland - Irish Author David McWilliams to Visit New York City in March 2008. (PRWeb Feb 19, 2008)

Read the full story at http://www.prweb.com/releases/2008/02/prweb697873.htm

CMPS Institute Responds to Passage of Economic Stimulus Package

Understanding the Higher Loan Limits (PRWeb Feb 15, 2008)

Read the full story at http://www.prweb.com/releases/CMPS/economic_stimulus/prweb700043.htm

Albuquerque’s GET A GRIP, Inc. Announces New Franchising Opportunities for 2008

Fast-growing New Mexico-headquartered refinishing and resurfacing business plans to increase its reach beyond its existing 33 locations across the U.S. (PRWeb Feb 18, 2008)

Read the full story at http://www.prweb.com/releases/resurfacing/franchise/prweb703653.htm

What Will Mortgage Payment be?

Those in the market for a new home can now find out how much they're likely to shell out for a new address with Fizber.com's new mortgage calculator. (PRWeb Feb 18, 2008)

Read the full story at http://www.prweb.com/releases/2008/02/prweb696763.htm

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CLA Realty Helps Canadians Buy Their Dream Vacation Homes

Colleen Lynch with CLA Realty based out of Scottsdale, AZ will be heading to Edmonton, AB to provide a free home buying seminar for Canadians at the Hilton Garden In West Edmonton March 15, 2008. (PRWeb Feb 14, 2008)

Read the full story at http://www.prweb.com/releases/2008/02/prweb678874.htm

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New Research Shows People Buy Timeshare for All the Right Reasons

The first phase of a research study conducted by Sell My Timeshare NOW, LLC, shows that people who buy timeshare understand the product, and buy timeshare resales because they recognize the value and benefits timeshare ownership can provide. (PRWeb Feb 13, 2008)

Read the full story at http://www.prweb.com/releases/2008timeshare/2timeshareresales/prweb694963.htm

Tax Season: Six Advantages of Homeownership

Tax Filing Time Provides Opportunities to Consider the Rewards of Homeownership (PRWeb Feb 15, 2008)

Read the full story at http://www.prweb.com/releases/tax_countrywide_home/owning_your_own/prweb701613.htm

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2056 Fifth Avenue in Harlem Kicks Off 2008 With Development and Sales Milestones

AFC Realty Capital has announced several significant milestones on the development and sales fronts at 2056 Fifth Avenue, the luxury condominium community rising in a renovated Harlem Beaux Arts building at this sought-after New York City address. The Manhattan-based real estate investment firm has retained renowned real estate professionals The Corcoran Group to direct the sales and marketing at the condominium building. (PRWeb Feb 13, 2008)

Read the full story at http://www.prweb.com/releases/2008/02/prweb695163.htm

Short Sales A-Z? Online: Learn the Art of Pre-Foreclosure Deal-Making from ShortSales.com

Foreclosures are reaching record highs. The housing market is continuing to sink no end in sight. Pre-foreclosure sales offer a way out for both burdened creditors and over-mortgaged homeowners. And profits for savvy investors. With Oscar Morante's new online short sales course, you can learn from an expert how to make a good profit by acquiring pre-foreclosure properties through short sales. (PRWeb Feb 13, 2008)

Read the full story at http://www.prweb.com/releases/2008/02/prweb693753.htm

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Risk & Insurance Announces 2008 Power Broker Winners

Risk & Insurance(R) has published the 2008 Power Brokers(TM) Awards - an annual listing of the most influential commercial insurance brokers in 26 industry practice groups. A total of 151 individual brokers were named to this year's list including brokers from the following companies: Marsh & McLennan Companies, Inc. (NYSE:MMC), Aon Corp. (NYSE:AOC), Arthur J. Gallagher & Co (NYSE:AJG), Integro, Willis Group (NYSE:WSH), Hilb Rogal & Hobbs Co. (NYSE:HRH). A complete listing of winners names can be viewed at http://www.riskandinsurance.com (PRWeb Feb 14, 2008)

Read the full story at http://www.prweb.com/releases/broker/insurance/prweb699514.htm

J.G. Wentworth Life Settlements LLC Announces Licensing to Purchase Life Insurance Policies in Ohio and Georgia

First direct-to-consumer sales model in life settlements market builds on leadership positions in structured settlement and annuity segments. (PRWeb Feb 12, 2008)

Read the full story at http://www.prweb.com/releases/JG_Wentworth/Ohio-Georgia/prweb692403.htm