 Los Angeles Times |
Grubb & Ellis Co. assets sold in Chapter 11 bankruptcy
Los Angeles Times By Roger Vincent Venerable commercial real estate brokerage Grubb & Ellis Co. will sell its assets to the parent company of rival Newmark Knight Frank as part of a prepackaged bankruptcy, the firms said Tuesday. BGC Partners Inc., a New York financial … Grubb & Ellis Seeks Quick Bankruptcy Sale Grubb & Ellis Files for Bankruptcy and Agrees to Sell Assets to BGC Grubb & Ellis Agrees to Sell Itself to BGC Partners in New York Bankruptcy |
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Wells buys BNP energy loan portfolio
Financial Times By Tom Braithwaite in New York Wells Fargo has agreed to buy BNP Paribas' North American energy business, one of the biggest transactions to date in the wave of European banks selling assets to strengthen their balance sheets. Wells Fargo Agrees to Buy Energy-Lending Unit From BNP Paribas Wells Fargo to Buy BNP Paribas Energy Loans Wells Fargo to Buy BNP Energy Portfolio |
 Globe and Mail |
Kraft's Net Rises 54% on Higher Prices
Wall Street Journal By PAUL ZIOBRO Kraft Foods Inc.'s fourth-quarter earnings rose 54% as higher prices continued to boost the packaged-food giant's revenue, though increased costs still hurt margins. Kraft Foods executives say they've been able to blunt a broad slowdown … Kraft boosted by US and European sales Thanks to North America, Kraft Q4 Profit Jumps 54% Food price increases hurt US sales |
