Hedge-fund manager William Ackman said selling part of a real-estate investment trust that he wants spun off of Target Corp. would raise $5.1 billion as the rest of the "tarnished'' retail industry struggles to procure cash. Ackman's Pershing...
The architecture billings index fell to a record-low level of 36.2 in October from 41.4 in September, the American Institute of Architects reported Wednesday. Scores above 50 indicate more billing hours at design firms. The diffusion index...
Grocery stores have emerged as a bright spot, posting steady or increased sales at a time when almost all other areas - including auto dealers, furniture retailers and department stores - reported significant declines. In last week's Commerce...
Last week it was Hank Paulson's announcement that sent spreads on the CMBX indices skyrocketing. This week the news that two big commercial mortgages are in default is making things worse. ...
While most analysts predict Sears will make it through the holiday season, questions are emerging about how the company will manage next year. Sears generates 30 percent of its annual revenue in November, December and January, according to its...
That didn't last long. New reports suggest that Steve & Barry's, seemingly rescued several months ago by private equity a hedge fund manager, may liquidate. ...
"Each day seems to bring more bad news as real estate share prices head south in earnest," RBC noted. Some of the hardest-hit companies have exposure to the retail sector on signs that consumer spending is tumbling as a result of the financial...
