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...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...All four stocks have posted large gains in 2017 with Pulte surging 35 per cent to lead the way and Tri Pointe lagging with a 15.6 per cent rise....
...All four stocks have posted large gains in 2017, ranging from a 34 per cent rise at Pulte and a 16.7 per cent increase at Tri Pointe....
...BNY Mellon’s so called “tri-party” repo rate climbed 1.5 basis points to 0.32 per cent....
...It also preserves what Akio Toyoda, Toyota president, describes as the “thrill of driving”, which Dr Pratt says is central to TRI’s mandate....
...Other recent deals to have used the structure include Weyerhaeuser’s sale of its housebuilding division to Tri Pointe Homes in 2013, and PPG Industries’ sale of its commodity chemicals operations to Georgia...
...Tri Pointe Homes has agreed to buy the housebuilding division of Weyerhaeuser, one of the world’s largest forest owners, in a deal valued at $2.7bn....
...Those shares will then be exchanged for $2bn of shares in Tri Pointe Homes, a $500m market cap California homebuilder. Weyerhaeuser shareholders will then own 81 per cent of the new Tri Pointe....
...(Foreign Policy) “Tri Pointe Homes, a homebuilder backed by Barry Sternlicht’s Starwood Capital Group LLC, is in advanced talks to buy Weyerhaeuser Co’s homebuilding division for about $2.7 billion, according...
...Mr Sternlicht, chairman of Tri Pointe, will retain a 45 per cent ownership stake....
...Shares in Tri Pointe Homes, the first US homebuilder to go public in nearly a decade, and Boise Cascade, the plywood and lumber maker, have surged since their market debut earlier this year on growing interest...
...California-based Tri Pointe Homes raised $233m from an initial public offering in January to become the first homebuilder to go public in nearly a decade....
...The bank last week ensured ATMs in the tri-state area had additional cash reserves, while opening hours were extended on Saturday....
...Initial jobless claims in the US jumped as Hurricane Sandy severely damaged homes and businesses on the US east coast....
...“We are monitoring the situation closely and working on contingency planning with our groups, ensuring a lot of our employees can work from home, and we are prepared to move operations [including tri-party...
...Sky sweeps up the biggest internationals played outside Europe, the Tri-Nations, next season to be renamed the Rugby Championship when Argentina join Australia, New Zealand and South Africa in the first...
...“They live in the five boroughs and spread across the tri-state area. We’re excited to continue to build our presence there.”...
...At the moment when a bank fails the Federal Home Loan Banks (FHLBs) have priority over other creditors, including FDIC, which is responsible for insuring US bank deposits....
...While it is an arcane topic, the repo market is similar to a person borrowing cash against the value of their home....
...“We are looking at how to expand the safeguards of our existing structure for both tri-party and bilateral repos,” he says....
...It is believed that investors who lent Merrill money through the tri-party repurchase market with JP Morgan acting as their custodian are seeking more collateral from Merrill and BofA....
...The decision to own a home is one of the most important decisions that families make....
...Essential to this objective is improved market infrastructure and operating practices to increase transparency and efficiency, especially in the OTC derivatives market and the tri-party repo system....
...In fact, even a bad month made things a bit tense at home - running your own business is like that. When things go south at the office, you take it home with you....
...The tri-mode Centrino chipset is unlikely to generate substantial additional revenues....
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