Real Estate Development


  • Minecraft now publishing sensation Wednesday, 3 Sep 2014 | 12:06 PM ET

    NEW YORK— Like millions of parents, Aaron Sacharow welcomes those moments when his son— 7- year-old Tyler— takes a break from video games and picks up a book instead. "I don't want to say it tricks them into reading," says Sacharow, an IT project manager based in Miramar, Florida.

  • AP Top Extended Financial Headlines At 10:24 a.m. EDT Tuesday, 2 Sep 2014 | 10:24 AM ET

    US manufacturing expanded in August at fastest pace in 3 years as orders and production rose US construction spending rebounds 1.8 percent in July, biggest gain in more than 2 years US stocks up slightly in early trading as investors await key economic reports US home price gains slowed to 7.4 percent in July as more homes were listed for sale Dollar General lifts offer for Family Dollar to about $9.1 B, willing to divest more stores Halliburton reaches $1.1 B settlement of plaintiff suits from Gulf of Mexico oil spill Dominion, Duke propose huge new natural gas pipeline from West Virginia to North Carolina 1-800- FLOWERS buying Harry& David for $142.5 million Archer Daniels Midland selling global chocolate business to Cargill for $440 M Private equity firm Thoma Bravo to buy software developer Compuware for $2.5 billion

  • More NJ casinos? You betcha! Tuesday, 19 Aug 2014 | 8:30 AM ET
    The Trump Plaza ,which is scheduled to close, is viewed in Atlantic City on July 30, 2014 in Atlantic City, New Jersey.

    With four casinos shutting down in Atlantic City by October, New Jersey is suddenly awash in plans for, well, more casinos. The NYT reports.

  • WILLISTON, Aug 18- A subsidiary of real estate developer The Prime Group Inc said on Monday it plans to build a $150 million convention center in Williston, North Dakota, aiming to supply a world-class meeting space for the fast-growing oil boom community.

  • DoubleLine's Gundlach: Short homebuilder ETFs now Friday, 8 Aug 2014 | 5:47 PM ET
    DoubleLine Capital CEO Jeffrey Gundlach speaks at the Bloomberg Markets 50 Summit in New York.

    Home ownership rates in will likely fall to levels last seen in the 1980s as millennials wait longer to form households, DoubleLine's Gundlach said.

  • *Greentown China plunges on profit warning. HONG KONG, Aug 5- Hong Kong and China shares slipped on Tuesday after a survey showed growth In China's services sector fell to a record low, with property developers the main underperformers.

  • CALGARY, Alberta, Aug 4- Canexus Corp, the developer of Canada's first dedicated oil train terminal, has embraced the crude-by-rail boom with little success so far. The company's Bruderheim terminal, 55 kilometers northeast of Edmonton, Alberta, is one of seven unit train terminals operating or under construction in Western Canada.

  • HONG KONG/ SHANGHAI, Aug 4- China shares regained momentum on Monday on positive market comments from the country's top securities regulator, while gains in Hong Kong were restrained by weak property developers.

  • *COGO H1 net profit down 31 pct, cuts FY sales target 22 pct. HONG KONG, July 31- A number of small developers- the kind that by sheer weight of numbers dominate China's vast property sector- are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.

  • China's property minnows take big hit as downturn bites Wednesday, 30 Jul 2014 | 5:00 PM ET

    HONG KONG, July 31- A number of small developers- the kind that by sheer weight of numbers dominate China's vast property sector- are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.

  • Hong Kong shares rise for 7th day, property leads Wednesday, 30 Jul 2014 | 4:09 AM ET

    HONG KONG, July 30- Hong Kong's benchmark index climbed to fresh 3-1/ 2- year highs on Wednesday, with major property developers leading the rise as investors bet on a solid performance for first-half earnings. Hong Kong's property sub-index climbed to a 14- month high with Cheung Kong Holdings and Sun Hung Kai Properties leading the rise.

  • HONG KONG, July 29- Hong Kong's benchmark index ended at its highest in more than 3-1/ 2 years on Tuesday, as gains accelerated in the afternoon with property developers strong ahead of interim earnings. The Hang Seng Index closed up 0.9 percent at 24,640.53 points, its highest since November 2010.

  • Time to pick up 'dirt cheap' China property stocks? Thursday, 24 Jul 2014 | 6:59 PM ET

    China's slowing property market tops the list of major economic risks, but some say the sector's stocks are "dirt cheap" and now is the time to buy.

  • LONDON/ BRUSSELS, July 24- The European Union's proposed sanctions against Russia, targeting sensitive technology, take aim at Gazprom's huge South Stream gas pipeline project to Europe and Novatek's Arctic Yamal liquefied natural gas facility.

  • Why China hasn’t seen more defaults Wednesday, 23 Jul 2014 | 7:08 PM ET

    Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.

  • SHANGHAI, July 18- A Chinese construction company at risk of declaring a landmark bond default on nearly $65 million is getting local political support to hold off creditors and get cash, state media reported on Friday, citing sources at the struggling firm.

  • HONG KONG, July 18- China shares were slightly higher on Friday, as outperforming property developers and the consumer staples sector trimmed gains in the afternoon. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.3 percent.

  • HONG KONG, July 18- China's third largest property developer, Evergrande Real Estate, has joined smaller peers in offering zero-interest downpayment loans, a practice reminiscent of the U.S. housing boom that precipitated the global financial crisis.

  • China developers at risk as trust funds dry up Tuesday, 15 Jul 2014 | 7:05 PM ET

    China's shadow banking firms slashed lending to property developers, potentially spelling trouble for the sector and the economy.

  • HONG KONG, July 16- China's shadow banking firms slashed lending to property developers in the first half of this year, closing off a crucial funding avenue just as the housing market cools, potentially spelling trouble for the sector and the broader economy.