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Realtors: Home sales fall in 38 states
AP   Monday, 20 November 2006

Homes under construction in a suburb of Chicago in a file photo. The pace of U.S. home building fell sharply in October in a sign that the housing sector may still have a rocky road ahead, government data showed on Friday. (John Gress/Reuters)AP - Sales of existing homes fell in 38 states during the summer, led by steep declines in Nevada, Arizona, Florida and California, as the once-booming housing market showed further signs of a steep slowdown.


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Blackstone to pay $36 billion for US property group EOPT
AFP   Monday, 20 November 2006

US investment fund Blackstone Group is to buy leading US real estate firm Equity Office Properties Trust for about 36 billion dollars.(Blackstone)AFP - US investment fund Blackstone Group is to buy leading US real estate firm Equity Office Properties Trust for about 36 billion dollars.


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Launch of Czech real estate funds builds hopes of investment boom
AFP   Sunday, 19 November 2006

A man fishes with his dog on the banks of the Vtava river, on Strelecky island, in Prague. Czech banks are preparing for a boom in financial investment by small savers in the post-Communist country, where certain unscrupulous practices during the first steps towards a capitalist economy caused many to distrust the market.(AFP/File/Michal Cizek)AFP - Czech banks are preparing for a boom in financial investment by small savers in the post-Communist country, where certain unscrupulous practices during the first steps towards a capitalist economy caused many to distrust the market.


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Reckson confirms Icahn/Macklowe bid
Reuters   Friday, 17 November 2006
Reuters - Reckson Associates Realty Corp. said on Thursday that investors Carl Icahn and Harry Macklowe have offered to acquire the New York area real estate company for $49 per share in cash.
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Playing It Safe in Eastern Europe
BusinessWeek Online   Wednesday, 15 November 2006
BusinessWeek Online - When stocks roar ahead, as they have been in Eastern Europe lately, having a strict buy and sell discipline and holding cash can help ease the whiplash when they turn south. Thomas Neuhold navigates The World Funds -- Eastern European Equity Fund (NASDAQ:VEEEX - News) in Vienna as a bottom-up value investor who examines the profitability and valuation levels of companies before he dips in. He has loaded up on stocks in banking, real estate, and telecom that will benefit from consumers' rising incomes in Eastern Europe. And he's avoiding the "overheated" commodities and energy stocks in Russia.
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Insurance rates may change retirement
AP   Saturday, 11 November 2006
AP - The soaring cost of homeowner's insurance may be starting a new retirement trend in the United States, the chief economist for the National Association of Realtors said Friday.
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World's No.3 PC maker Lenovo's Q2 disappoints
Reuters   Thursday, 09 November 2006

An employee casts a shadow against a screen showing the logo of Lenovo during a news conference of interim results announcement in Hong Kong November 9, 2006. (Paul Yeung/Reuters)Reuters - Lenovo Group Ltd. (0992.HK) posted a worse-than-expected 16 percent quarterly earnings slide, as the world's No. 3 PC maker asked for patience while it struggled to make global headway after buying IBM's PC arm.


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REIT Funds Tap Into The Realty Boom
Investor's Business Daily   Saturday, 04 November 2006
Investor's Business Daily - Homeowners aren't the only ones who have gained from the recent real estate boom. Securities in that asset class also have gone through the roof.
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Europe to get its first CRE CDO
FT.com   Thursday, 02 November 2006
FT.com - BlackRock Financial is set to beat a number of rivals to market with the first European version of a complex, high-yield commercial real estate investment product that has proved very popular in the US over recent years.
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Cendant ex-chairman found guilty
USATODAY.com   Wednesday, 01 November 2006
USATODAY.com - A jury found former Cendant chairman Walter Forbes guilty of conspiracy to commit securities fraud and two counts of making false statements Tuesday in a massive fraud scheme that cost the travel and real estate company and its investors more than $3 billion.
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Jury finds ex-Cendant chairman guilty
AP   Wednesday, 01 November 2006
AP - A jury found former Cendant Corp. Chairman Walter Forbes guilty of conspiracy to commit securities fraud and two counts of making false statements Tuesday in a massive fraud scheme that cost the travel and real estate company and its investors more than $3 billion.
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