(Reuters) – Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began. Simon Property Group (SPG.N), the ... More »
NEW YORK (Reuters) – Some top-performing U.S. fund managers see opportunities in one of the sectors hardest hit by the coronavirus pandemic, cautiously increasing stakes in niches of the real estate market like cell phone towers and warehouses, which they see ... More »
RIYADH (Reuters) – Saudi Arabia’s King Salman has ordered up to 9 billion riyals ($2.4 billion) to be disbursed to pay part of the wages of private-sector workers to deter companies from laying off staff, the state-run Saudi Press Agency reported on Friday. Th... More »
Genesis Healthcare Inc, one of the largest U.S. nursing home operators, expects to bounce back from industry woes after reaching a deal to restructure some of its leases, Chief Executive George Hager told investors on Thursday. More »
A company linked to U.S. President Donald Trump has been granted approval from the Chinese territory of Macau for additional trademarks, including casino services, to develop the "Trump" brand in the world's biggest gambling center. More »
FILE PHOTO: The headquarters of Germany’s Deutsche Bank is seen early evening in Frankfurt, Germany, January 26, 2016. Deutsche Bank has exchanged a pre-let agreement for its new City of London headquarters, the building’s developer Land Securities said on Tue... More »
Digital Realty Trust Inc (DLR.N) said it would buy fellow data center operator DuPont Fabros Technology Inc (DFT.N) for an enterprise value of about $7.6 billion, its biggest-ever deal, to help expand in high-demand markets in the United States amid a rapid sh... More »
Shadows from the sun enhance the geometrical design on the facade of a skyscraper on a autumn day in New York November 10, 2014. REUTERS/John Schults U.S. national vacancy rate for the office sector in the third quarter was flat from the second, even as vacanc... More »
Investors who own some bank sector funds may be in for an unwanted surprise: a tax bill. More »
Melbourne Australia Post has successfully field-trialled the use of drones to deliver small packages, clearing the way for test deliveries to customer homes later this year. The state-owned corporation said the drones will be used for the delivery of online sh... More »
