On Tuesday, CBL & Associates Properties, Inc. (NYSE:CBL)’s shares inclined 1.92% to $16.48.
CBL & Associates Properties, Inc. (CBL) declared that it closed on the disposition of Madison Plaza, a 154,000-square-foot community center in Huntsville, AL, for a total cash price of $5.7 million. Earlier in 2015, CBL sold the mall located adjacent to the center. These transactions are part of CBL’s strategy of upgrading its portfolio quality through dispositions of lower growth and non-core properties.
CBL also stepped down four loans totaling $322.7 million using availability under its lines of credit. The weighted average interest rate for the four loans was 5.0%. The loans were secured individually by CherryVale Mall in Rockford, IL, East Towne Mall in Madison, WI, West Towne Mall in Madison, WI, and Brookfield Square in Milwaukee, WI.
CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and administration of properties. The fund invests in the real estate markets of United States. Its portfolio comprises of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.
CF Industries Holdings, Inc. (NYSE:CF)’s shares dropped -2.27% to $62.11.
CF Industries Holdings, Inc. (CF) declared that it has agreed with Yara International ASA (Yara) to acquire its 50 percent equity interest in GrowHow UK Limited (GrowHow) for total cash consideration of $580 million, making GrowHow a wholly owned partner. At closing, the GrowHow business will be merged into CF Industries with a cash free, debt free balance sheet. GrowHow owns and operates nitrogen production facilities in Ince and Billingham, U.K.
The Ince facility is located in northwestern England and comprises of an ammonia plant, three nitric acid plants, an ammonium nitrate (AN) plant and three NPK fertilizer compound plants. The Billingham facility is located in the Teesside chemical area in northeastern England, and comprises of an ammonia plant, three nitric acid plants, a carbon dioxide plant and an AN fertilizer plant. Combined, the two facilities have the capacity to produce about 0.9 million short tons of gross ammonia, 1.2 million short tons of AN and 0.4 million short tons of NPK compounds.
CF Industries Holdings, Inc. manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company’s principal nitrogen fertilizer products comprise ammonia, granular urea, and urea ammonium nitrate solution. Its other nitrogen products comprise ammonium nitrate, diesel exhaust fluid, urea liquor, and aqua ammonia. The company offers its products primarily to cooperatives, independent fertilizer distributors, and industrial users. CF Industries Holdings, Inc. was founded in 1946 and is based in Deerfield, Illinois.
At the end of Tuesday’s trade, International Paper Co (NYSE:IP)‘s shares surged 0.69% to $48.00.
International Paper (IP) will release second-quarter 2015 earnings on Wednesday, July 29, 2015 before the opening of the New York Stock Exchange. The company will host a webcast to talk about earnings and current market conditions, startning at 9 a.m. ET (8 a.m. CT). All interested parties are invited to listen to the webcast via the company’s Internet site at http://www.internationalpaper.com by clicking on the Investors tab and going to the Webcasts and Presentations page. A replay of the webcast will also be on the web site startning about two hours after the call.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging. The Industrial Packaging segment manufactures containerboards, counting linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Printing Papers segment produces printing and writing papers, such as uncoated papers for end use applications, counting brochures, pamphlets, greeting cards, books, annual reports, and direct mail, in addition to envelopes, tablets, business forms, and file folders. This segment sells uncoated papers under the Hammermill, Springhill, Williamsburg, Postmark, Accent, Great White, Chamex, Ballet, Rey, Pol, and Svetocopy brand names. It also produces pulp for manufacturing printing, writing, and specialty papers, in addition to towels and tissues, filtration products, diapers, and sanitary napkins.
Credit Suisse Group AG (ADR) (NYSE:CS), ended its Tuesday’s trading session with 1.43% gain, and closed at $28.33.
Credit Suisse Group AG (ADR) (CS) driven by supply fundamentals and macroeconomic factors, according to Credit Suisse Asset Management.
The Bloomberg Commodity Index Total Return performance was negative for the month, with 15 out of 22 Index constituents trading lower.
Credit Suisse Asset Administration observed the following:
- Industrial Metals was the worst performing sector, down 7.70%, as a continued weak economic growth outlook for China weighed on demand expectations.
- Agriculture declined 3.50%, led lower by softs, as a weaker Brazilian Real incentivized exports of sugar, coffee and soybeans. In addition, heavy rainfall improved the coffee harvest outlook in Brazil and Colombia, increasing supply expectations.
- Energy finished the month 2.13% lower, led by Natural Gas. Inventories rose more than predictable towards the end of the month, and forecasts for moderate weather across the U.S. reduced cooling demand expectations.
- Livestock gained the most, up 2.34%. In addition to Lean Hogs, Live Cattle also ended the month higher following raised wholesale beef demand. Furthermore, good pasture conditions incentivized producers to hold back cattle, shrinking near term supplies.
Credit Suisse Group AG, together with its auxiliaries, provides various financial services to private, corporate, institutional, government clients, and high-net-worth individuals, in addition to affluent and retail clients worldwide.
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