Simon Property Group to buy Bartolo Realty in $3 billion deal
Simon Property Group will pay 1.5 billion in securities and assume 1.5 billion in debt for Bartolo Realty Corp establishing the Simon DeBartolo Group. They will own 110 million square feet across 111 regional centers and 65 community centers in 32 states, based in Indianapolis. The combined portfolio includes Mall of America and Forum Shops. The deal doubles the size of the largest U S mall operator, yielding $32 billion in last year’s retail sales.
MENTIONED IN THIS ARTICLE
America
North America
Simon Property Group
Bartolo Realty Corp
Simon Property
Mall of America
Bloomington
Minn
Caesars
Las Vegas
DeBartolo
Florida
Orlando
Fla
Consumer Confidence Holds Steady in March Amid Jobs Outlook
The Conference Board said its consumer confidence index rose slightly to 97.7 in March, just below February's 98.0, as the survey of 5,000 U.S. households showed consumers remain cautious about job prospects despite evidence of payroll growth.
MENTIONED IN THIS ARTICLE
Conference Board
Wall Street
U.S
Cedar Graphics Buys Wagners Cedar Graphics and Wagners Printers
Cedar Graphics acquires Wagners-Cedar Graphics Inc in Hiawatha and Wagners Printers in Cedar Rapids. Wagners consolidates Davenport facility and Cedar Rapids sheet fed division since the 1960s. Operations move to Hiawatha by September with expansion planned. The Quaker Oats Co to build a $50 million beverage plant near Atlanta for Gatorade and Snapple, expected to open January 1997 with about 150 employees.
MENTIONED IN THIS ARTICLE
Cedar Graphics Inc
Hiawatha
Wagners
Cedar Rapids
Davenport
Cedar Graphics
Quaker Oats Co
Atlanta
Supreme Court backs national banks selling insurance nationwide
The Supreme Court ruled unanimously that states cannot bar national banks in small towns from selling insurance, a decision that boosts efforts to finalize a broad banking overhaul in Congress. The Barnett Bank case outcomes could let banks offer one stop services including insurance and mutual funds through small branches.
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Washington
Supreme Court
Congress
Barnett Bank
Charlotte
Nations Bank
Edward Yingling
American Bankers Association
Yingling
Study shows men preferred as bosses in most regions
A Gallup Poll across 22 countries finds people favor male bosses in the workplace and a widespread view that societies bias toward men. In the United States 37 percent of men and 54 percent of women prefer a male boss, while 24 percent of women and 44 percent of men say gender matters not.
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New York
Gallup
Middle East
Africa
Richard Burkholder
Gallup Organization
United States
Japan
Central America
China
Thailand
Lydia Saad
Greenspan Renominated as Fed Chairman for Third Term
Alan Greenspan breezed through a confirmation hearing for a third term as Federal Reserve chairman. Senators raised few questions amid an audit criticizing Fed finances and the decision to hold rates after recent cuts. Greenspan, 70, praised by both parties, faces a Senate vote this week.
MENTIONED IN THIS ARTICLE
Washington
Alan Greenspan
Federal Reserve
Fed
Feds seek pension recipients
The government seeks to locate about 40 000 workers eligible for roughly 100 million dollars from terminated pension plans 1976 to 1981. The Pension Benefit Guaranty Corp plans lump sum payments averaging 80 percent for those with ten or more years, with smaller amounts for five to ten years. The PBGC mails claims forms to 135 000 participants and provides a toll free line 1 800 316 8857 for information.
MENTIONED IN THIS ARTICLE
Washington
Pension Benefit Guaranty Corp
PBGC
Deductions Scrutinized for Business Use Records
Taxpayers claiming business deductions for assets must answer two IRS questions on record keeping. Answering no invites audit risk and possible disallowance if no substantiation. Written evidence is not required but absence may prompt IRS inquiries. for more tax information call CITYLINE at 363-7000 or 337-7000, category 1099.
MENTIONED IN THIS ARTICLE
Tribune Media Service
IRS
Farmland Values Jump In Iowa On Higher Prices
Rising farm income and higher commodity prices push Iowa farmland values up 6 percent over six months. The increase, reported by the Iowa Farm and Land Chapter No. 2 Realtors Land Institute, is the largest six month gain since 1989. The survey cites real estate agents across Iowa and follows a 2.4 percent rise in the prior six months, lifting the annual increase to 8.4 percent.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa Farm and Land Chapter No. 2 Realtors Land Institute
Iowa
Stocks rise as Fed holds rates steady on Tuesday
Stocks moved higher with the Dow nearing a record as the Federal Reserve kept interest rates unchanged. The Dow closed up 26.74 at 5,670.60 after a morning dip, led by oil stocks like Chevron Exxon and Texaco and with advancing issues slightly ahead of decliners.
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Fed Reserve
NEW York
Federal Reserve
Dow
Chevron
Colombia
Exxon
Texaco
New York Stock Exchange
Iown
W.R. Grace
CyCare
Eastman Kodak
Fed
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Denise
Mary Alice Rogers
Barnett National Bank
Ance Company
Belleview
Florida Department of Insurance
House Banking Committee
Jim Leach
Browa
Leach
House Gop
Consumers Union
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Nim. J. Castel
Greenspan
Fed Board
Banking Committee
Alfonso D'Amato
Senate
Ronald Reagan
George Bush
Clinton
David Jones
Aubrey G. Lanston & Co
Jones
General Accounting Office
Feds
Anthony O'Bryan
A.G. Edwards & Sons
St. Louis
NCAA
Nyse Index
Ustria
Ty Amex
Amex
Associated Press
BayNetwks
Kmart
Rom Exchange
DOW Jones
Uti
Standard & Poor's Indusme Nan
Wilshire
Wilshire Associates
Bates
Monte Vous Gay
Sara
Cher
CLU
Chfc
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