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BGC Partners to Buy Grubb & Ellis as Brokerage Files for Bankruptcy

Howard Lutnick's BGC Partners Inc. (NASDAQ: BGCP) has agreed to buy the commercial real estate brokerage Grubb & Ellis Co.(PINK:GRBE), which will file for Chapter 11 bankruptcy protection after declining revenue from the commercial real estate bust.

New tax on new developments in London set for 1st April

New tax on new developments in London set for 1st April New tax on new developments in London set for 1st April The Mayor of London intends to implement his London Wide Community Infrastructure Levy (CIL) from the beginning of April 2012 which means that any development that receives planning permission after the first of the month is liable for the charge.

Home Loan Applicants Urge to Research on Bank Rates Well

Bank customers wishing to compare the lending rates of major Aussie banks should research the facts by themselves as these will not be volunteered to them, according to consumer advocacy group Choice.