MIT Index Shows Gains for Commercial Property Prices
There’s more evidence that commercial real estate prices may be rebounding, or at least up from the dismal 2009.MIT’s commercial property price index released Wednesday showed some impressive gains for the fourth quarter and last year overall.
Aviation Electronics Stock Flying High
Rockwell Collins (COL - Analyst Report) recently reported a solid first quarter in which earnings per share beat the Zacks Consensus Estimate by 10%. Management also raised its guidance for 2011, prompting analysts to revise their estimates higher.
Bond ‘Sensation’ Should Make Investors Nervous
Just because investors are piling into euro rescue bonds doesn’t mean they are a solid investment, says Matthew Lynn
BofA Is Said to Near Sale of Balboa Division to QBE
Bank of America Corp., the largest U.S. lender by assets, is near an agreement to sell its Balboa insurance unit to Australia’s QBE Insurance Group Ltd., said two people with knowledge of the matter.
Japanese Yen Rebounds following Downgrade
In Asian trading, the Japanese Yen managed to recoup some of its earlier losses against the U.S. Dollar following the credit rating downgrade of Japanese sovereign debt by Standard & Poor’s. As reported at 12:54 p.m. (JST) in Japan, the U.S. Dollar traded lower against the Yen at 82.70 Yen, down from 82.90 Yen during late New York trading yesterday, well off the 83.22 Yen immediately after the announcement.
