Bearable — assuming banks will book the losses over time and offset them with earnings from healthier loans. But that convenient scenario may not play out for all banks, leaving investors potentially exposed to shock hits from commercial real-estate exposure. It will pay to sift through banks’ first-quarter earnings, which started to come out last week, for signs commercial real estate could yet cause unexpected pain. Read more…
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Largest Commercial Firm — "Selling & Leasing Picking Up"
CB Richard Ellis Group Inc., reported a first-quarter loss Wednesday but said the business of selling and leasing buildings was picking up. The Los Angeles-based company said it had a net loss of $6.6 million, or 2 cents a share, compared with a loss of $36.7 million, or 14 cents, in the same period a year ago. With posted adjusted earnings of 1 cent a share after deducting one-time charges mostly related to cost-cutting measures and write-downs of impaired assets, the brokerage met Wall Street analysts’ predictions. Chief Executive Brett White said market conditions were getting better, especially in Asia. Read more…
Get more Proficient with Google Searches
From caculator to currency conversions and spelling, here are 10 tips that will improve your search efforts. Read more…
Small Businesses Want Same Treatment as Large Corporations
Proposed legislation calls for the Small Business Administration to help business owners find willing lenders and, as a last resort, issue the loan directly. While this provision passed a House vote in October, the direct-lending provision has an uncertain future as it awaits consideration from the Senate. Read more…
