Bargains in the REIT Wreckage (BusinessWeek Online)
BusinessWeek Online – After a terrible 2008, real estate investment trusts are having an awful 2009. The SPDR Dow Jones Wilshire REIT (NYSEArca:RWR – News) exchange-traded fund, which tracks 82 REITs, has dropped 35% after plunging about 45% in 2008. On Mar. 19, Moody’s downgraded General Growth Properties to “C,” its lowest rating [...]
ECB refi rate to hit new record low, other steps eyed (Reuters)
Reuters – The European Central Bank is expected to cut its main interest rate to a new record low of 1 percent on Thursday and step up efforts to boost the flow of funds from banks to euro-zone companies and households.
Source:ECB refi rate to hit new record low, other steps eyed
(Reuters)
IBM Runs Into Stormy Weather with Cloud Computing (NewsFactor)
NewsFactor – Big Blue has lost some friends in the clouds. This weekend, IBM was in the eye of a storm dealing with companies such as Google, Amazon.com, and Microsoft. The Internet search giant, the online retailer and the software behemoth all withdrew support for IBM’s effort to launch a cloud-computing initiative.
Source:IBM Runs Into Stormy [...]
Microsoft and TomTom settle patent fight (Reuters)
Reuters – Microsoft Corp and Dutch navigation device maker TomTom NV said on Monday they had reached a settlement after more than a year of squabbling over software patents.
Source:Microsoft and TomTom settle patent fight
(Reuters)
Wall Street slides on automakers, bank worries (Reuters)
Reuters – Stocks slid on Monday as investors booked profits from a recent rally and following the U.S. government’s talk of possible bankruptcy at General Motors and Chrysler.
Source:Wall Street slides on automakers, bank worries
(Reuters)