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Stock Market & Financial Investment News

News Breaks
May 1, 2014
06:09 EDTNRF, ZNGAStocks with implied volatility movement; NRF ZNGA
Stocks with implied volatility movement; Northstar Realty (NRF) 38, Zynga (ZNGA) 72 according to iVolatility.
News For NRF;ZNGA From The Last 14 Days
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February 27, 2015
08:02 EDTNRFNorthstar Realty reports Q4 CAD 44c, net loss (47c) per share
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February 26, 2015
16:00 EDTZNGAOptions Update; February 26, 2015
iPath S&P 500 VIX Short-Term Futures down 33c to 27.78. Option volume leaders: AAPL TSLA TWTR C ZNGA MCD RIG NFLX according to Track Data.
08:40 EDTNRFNorthstar Realty to hold a conference call
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07:32 EDTNRFNorthstar Realty announces plan to spin-off European real estate business
NorthStar Realty (NRF) announced that its board unanimously approved a plan to spin-off its European real estate business into a separate publicly-traded REIT, NorthStar Realty Europe Corp. NorthStar Realty Europe is expected to be listed on the New York Stock Exchange and the company is evaluating a dual-listing in Europe. NorthStar Realty Europe will be managed by NorthStar Asset Management Group (NSAM) pursuant to a management agreement substantially consistent with NorthStar Realty's existing management agreement with NSAM. NorthStar Realty currently owns or has under contract approximately $2B of European commercial real estate properties that will be contributed to NorthStar Realty Europe as part of the proposed spin-off. The company expects that the proposed spin-off will be treated for tax purposes as a distribution to NorthStar Realty common stockholders equal to the fair market value of the distributed NorthStar Realty Europe shares. The proposed spin-off is expected to be completed in the second half of 2015. The proposed spin-off would provide NorthStar Realty common stockholders with a separate and distinct business focused on investing in pan-European commercial real estate assets through an equity REIT structure with target leverage levels of 40-50%. The company believes that the transaction represents an opportunity to unlock value for NorthStar Realty shareholders through benchmarking NorthStar Realty Europe against publicly-traded European equity REITs, many of which trade at substantial NAV premiums and at implied capitalization rates that would translate into substantial immediate value creation for NorthStar Realty shareholders. The Portfolio is located primarily in the United Kingdom, France and Germany and is well-positioned to capitalize on improving European macroeconomic trends and property fundamentals. NorthStar Realty will continue to be a leading investor in diversified commercial real estate assets with approximately 80% of its assets in owned real estate post spin-off.
07:31 EDTNRFNorthstar Realty announces plan to spin-off European real estate business
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February 23, 2015
06:21 EDTZNGAFacebook's shuttle drivers approve new union contract, WSJ reports
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