The News Review:
- BNY Mellon Bought Insight For LDI Pensions Business
- Brookfield Properties to Raise $900M in Stock Sale
- NorthMarq to buy pus’ property management business
- Analyst sees energy benefits for Waste Management
- Meal Replacements Aid Weight Loss Study Finds
- Cashmere considers Waste Management for service
- Ackman alters Target stake sticks with retailer
BNY Mellon Bought Insight For LDI Pensions Business
Wall Street Journal
‘s Insight Investment Management Ltd. business from Lloyds Banking Group PLC (LYG) to tap into growing demand from pension funds for liability-driven investment strategies a top executive said Wednesday. Insight with GBP80 billion under management is one of the U. ‘s biggest providers of liability-driven investment products which aim to match the money a pension plan must pay out to workers now and in the future by investing in long-duration bonds or.
Brookfield Properties to Raise $900M in Stock Sale
New York Times
The real estate developer and manager said it filed a registration statement with the Securities and Exchange Commission to sell about $450 million in common shares. It expects to grant underwriters the option to purchase up to an additional 15 percent of the base offering to cover overallotments if any. Brookfield is the latest in a series of real estate companies using stock and debt offerings to raise funds amid the tight commercial credit market.
NorthMarq to buy pus’ property management business
Bizjournals.com
NorthMarq based in Bloomington was picked from a field of eight national real estate companies according to a joint press release from the two firms. The firms plan to complete the transaction by the end of August. At that time all of pus’ 140 employees will transition to Northmarq. This deal will double the square footage that NorthMarq manages from 30 million to 60 million square feet. Minnetonka-based pus’ portfolio is spread throughout 20 markets nationwide.
Analyst sees energy benefits for Waste Management
Forbes
– Waste Management Inc. took an unexpected hit from falling energy prices in the second quarter but an analyst said Wednesday the nation’s No. 1 trash hauler could benefit from rising revenue in its growing power portfolio. Fisher of Raymond James Global Research said in a client note that energy futures suggest prices could rise in 2010. The Houston-based company also could boost profit from its investments in landfill gas recovery plants he said.
Meal Replacements Aid Weight Loss Study Finds
Science Daily (press release)
The study assessed weight outcomes behavioral data and side effects for obese patients enrolled in an intensive behavioral weight loss program. Two treatment options were offered Medically Supervised and Healthy Solutions. Medically Supervised patients restricted food consumption to meal replacements which consisted of shakes and entrees and bars. Patients either consumed five shakes daily or three shakes and two shelf-stable entrees daily.
Related from Weightlossmonster: New weight-loss program gets results
Cashmere considers Waste Management for service
The Wenatchee World nline
Cashmere considers Waste Management for service CASHMERE — The Cashmere City Council has approved negotiations with Waste Management to explore hiring the company to provide garbage collection and recycling. Robbery charge dismissed in apparent smuggling case WENATCHEE — Robbery charges have been dropped against a man who apparently used a gun to get his brother away from someone who smuggled him into the country from Mexico. Police officer arrested on suspicion of assault EAST WENATCHEE — East Wenatchee police officer Gregory W. Renggli was arrested Tuesday at his East Wenatchee home on suspicion of fourth-degree assault domestic violence. He was booked into the Chelan.
Ackman alters Target stake sticks with retailer
Reuters
At first glance the move could be seen as Ackman who spent millions of dollars trying to persuade shareholders to replace four of Target’s directors with his independent slate giving up his big bet on the retailer after losing the battle. But the dollar amount that New York-based Pershing Square Capital Management has invested in Minneapolis-based Target Corp (. is nearly unchanged at more than $1 billion. Pershing Square increased its ownership in Target to 3.