Archives

TEXT-S&P cuts Swedish Stena AB to 'BB'; outlook stable

The expected improvement predominantly reflects the last drilling ship that will begin operating in the second quarter, and the LNG vessels that will contribute through the full year. We anticipate some modest improvement in the group's ratio of adjusted FFO to debt in 2013.

Real estate firm Africa Israel reports dip in profit

Israeli real estate developer Africa Israel Investments reported a drop in first-quarter net profit as a result of a drop in financing income and higher tax expenses.

Cities where houses sell the fastest in the U.S.

As home sales pick up, it is clear that a significant number of homes purchased in today’s market are bought by investors looking to generate rental income, according to the National Association of Realtors.