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M.Stanley eyes China property sale for $366 mln -sources HONG KONG, Aug 4 (Reuters) - Morgan Stanley Real Estate, the property investment arm of the U.S. bank is in advanced talks with developer SOHO China for the sale of a top-end office building in Shanghai, sources said on Tuesday. ReutersToyota reports $819 million quarterly loss Japanese automakers Honda and Nissan may be revving up for a comeback after cash-for-clunkers incentives boosted sales of green cars last quarter, stemming damage from a sliding global auto market. H... India GazetteHey Yahoo - Is This The New Sponsored Ad? The big news last week was the partnership that Yahoo and Microsoft entered into. Paul McDougall noted, “Microsoft’s search tools will appear on Yahoo’s sites while Yahoo takes on sales role.” Sometime last month the default “server not found” page that my ISP provides seemed to change again. The page says it’s powered by Yahoo Search. [...] CenterNetworksUSD Continues Losses into Asian Session The dollar came under fresh selling pressure in Asia, with traders attributing the latest wave of dollar sales to the Australian data and the gains in... Daily FXJohn Menzies adds 500 staff on sale of rival Dawson LOGISTICS group John Menzies took 500 staff on to its payroll yesterday, after the news distribution business of rival Dawson was placed into administration and sold. ScotsmanAustralia Retail Sales, House Prices Rise in Second Quarter Australian retail sales surprised by slipping in June but upward revisions to previous months and a jump in house prices all played to expectations that interest rates would eventually head higher. India Gazette3 Small Companies With Soaring Shares Small wonders: Among companies with stock market values below $1 billion, more than 500 have doubled in price this year. More than 200 have tripled. In part, that’s owed to the broad market’s giddy turn since spring. The S&P 500, down 25% this year through early March, is now up 11% year to date. A sibling index for small companies, the S&P 600, is up only slightly more, but small company returns tend to be much more varied than large-company ones, with some companies astounding investors. Below are three year-to-date highfliers, two of which are recovering from stumbles and one that’s simply growing fast. Year-to-Date Double: DineEquity In 2007, pancake chain IHOP gorged on debt to buy Applebee’s, a casual grill. Management later changed the company’s name to the Scrabble accident DineEquity (DIN). The timing of the purchase wasn’t great. Sales at longstanding Applebee’s locations last quarter fell 4.3% on top of a 1.7% decline Smart Money |
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