Investment management giant BlackRock has sliced its Microsoft stake by almost 10%, joining several other large investors who took a machete to their holdings of the software giant this year as its share price significantly und…
Morgan Stanley said it is divesting its 6.7% stake in investment manager Invesco. The investment bank will sell the 30.9 million shares it received as part of the sale of its Van Kampen mutual fund portfolio to Invesco, a stake…
Both Allstate and Prudential, the two largest publicly traded insurers, have announced plans to return cash to shareholders.
Continue reading Allstate, Prudential Return Cash to Shareholders Through Buybacks, D…
General Growth Properties (GGP), the country’s second-largest mall owner, emerged from bankruptcy and split itself into two companies.
The company spun off Howard Hughes Corp, an owner of properties including master-planned communities, Bloomberg News said.
Shares in Howard Hughes will begin trading tomorrow on the New York Stock Exchange, as will shares in the new General Growth….
Continue reading General Growth Leaves Bankruptcy, Splits in Two
General Growth Leaves Bankruptcy, Splits in Two originally appeared on DailyFinance on Wed, 10 Nov 2010 07:32:00.
Filed Under: Company News, Real Estate, NYSE, Stocks in the News
Sara Lee’s sale of its North American Bakery business to Mexico’s Grupo Bimbo is now fully baked. The company officially announced the deal today, saying it will allow Sara Lee to “aggressively invest in our core protein and co…