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Stock Market & Financial Investment News

News Breaks
May 16, 2013
16:38 EDTGGPGGP and TIAA-CREF enter partnership to own the Grand Canal Shoppes
General Growth Properties and TIAA-CREF announced they have formed a partnership to own and operate The Grand Canal Shoppes, including The Shoppes at the Palazzo, located in Las Vegas, Nevada. Effective with the partnership formation, GGP and TIAA-CREF will each own approximately 50 percent of The Grand Canal Shoppes. The partnership is limited to the retail portion of the property. Prior to the formation of the partnership, GGP owned 100 percent of the property. The transaction generated approximately $410 million of net proceeds, and GGP will continue to provide management and leasing services.
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July 28, 2014
16:05 EDTGGPGeneral Growth sees Q3 FFO 30c-32c, consensus 32c
16:05 EDTGGPGeneral Growth sees 2014 FFO $1.30-$1.32, consensus $1.32
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16:04 EDTGGPGeneral Growth reports Q2 FFO 31c, consensus 30c
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15:47 EDTGGPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include General Growth Properties (GGP), consensus 30c; Eastman Chemical (EMN), consensus $1.84; Range Resources (RRC), consensus 40c; XL Group (XL), consensus 83c; Plum Creek Timber (PCL), consensus 30c; Masco (MAS), consensus 28c; Jacobs Engineering (JEC), consensus 80c; Herbalife (HLF), consensus $1.57; W.R. Berkley (WRB), consensus 77c; HEALTHSOUTH (HLS), consensus 47c; Denny's (DENN), consensus 8c; Integrated Device Technology (IDTI), consensus 16c; Advent Software (ADVS), consensus 34c; Tile Shop Holdings (TTS), consensus 11c; Meru Networks (MERU), consensus (11c); Crane Co. (CR), consensus $1.16.

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