| TFN NEWS BRIEFING: Oil and utilities highlights to 09:15 BST
BEIJING (XFN-ASIA) - Nasdaq-listed Quantum Fuel Systems Technologies Worldwide Inc said that it has signed an agreement in China for the distribution and sale of compressed natural gas cylinders into international markets. 2007-04-10 08:03:38 Argentine govt approves 14 pct tariff hike rise for Gas Natural - report MADRID (Thomson Financial) - The Argentine government has authorised Gas Natural SDG SA to raise its tariffs by 14 pct, El Pais reported, citing official sources. 2007-04-10 07:45:31 Madrid shares TFN at a glance outlook MADRID Thomson Financial) - Shares are expected to open a touch firmer after the four-day Easter break and modest gains on Wall Street overnight, dealers said. 2007-04-10 06:33:29 Japan opposes creation of gas cartel TOKYO (XFN-ASIA) - Japan, a major energy importer, has opposed a proposal to form a gas cartel as the world's top gas producers tried to enhance cooperation.
Mack-Cali Reaches Deal To Purchase Investment Interest In Downtown ...
(RTTNews) - Mack-Cali Realty Corp. (CLI | charts | news | PowerRating) on Wednesday said it entered into an agreement with SL Green Realty Corporation, to acquire the SL Green's condominium interests in 125 Broad Street, a downtown Manhattan office tower, for $273 million. The company stated that the condominium units being acquired include floors 2-16, and collectively comprise 39.6% of the property. In a related transaction, Mack-Cali also said that it would sell a Greenwich, property at 500 West Putnam Avenue to SL Green for $56 million. The property being sold to SL Green is a four-story, 121,500 square-foot office building that is 96% leased. Copyright(c) 2007 RealTimeTraders.com, Inc. All Rights Reserved .
What the Tribune Sale Means
(Broadcasting and Cable) _ Sam Zell's $8.2 billion purchase of the troubled Tribune Co. is going to put more pressure to perform than ever on the company's 23 TV stations. While the TV stations represent only one-quarter of the company's total revenue, they turn in healthier cash flows than Tribune's 11 newspapers. And their profit margins range in the low- to mid- 30% range, while the papers hover around 20%. The company is going to depend on those cash flows to handle the huge amount of debt'between $12 billion and $13 billion, up from $5 billion in existing debt'Tribune is taking on to complete this deal. "They don't have a large margin of error when they take on that much leverage," says James Goss, senior investment analyst with Chicago-based Barrington Research.
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