Wednesday, April 7, 2010 as of 11:14 AM ET
Real estate is "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; (also) an item of real property; (more generally) buildings or housing in general.
Read More at Wikipedia ›Cencosud S.
A. has filed plans to offer up to $718 million in American depositary shares as the South American retailer looks to raise funds to pay down debt.Cencosud operates 906 supermarkets, home improvement stores, shopping centers and department stores in Chile, Argentina, Brazil, Colombia and Peru. The company, headquartered in Chile, also is involved in the commercial real estate business and offers some financial services to its retail customers.Cencosud also plans to use proceeds to acquire the remaining shares of Jumbo Retail Argentina S.A., which operates the company's supermarkets in Argentina, currently held by UBS AG's (UBS, UBSN.VX) London branch as well as for capital expenditures, working capital and general corporate purposes.For the three months ended March 31, Cencosud reported a profit of CLP54.4 billion ($111.6 million), down from a year-earlier profit of CLP65.8 billion, as input costs and other expenses increased. Revenue rose 25% to CLP2.17 trillion ($4.45 billi...
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Mortgage Market Guide’s Barry Habib on producing the show “Rock of Ages” and the outlook for mortgage lending.
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Joseph Lau, the billionaire Hong Kong tycoon that heads developer Chinese Estates Holdings Ltd. (0127.HK), will face prosecution in Macau over charges of bribery and...
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