Posts From King World News

Friday, April 17: Today in Gold and Silver

NEW YORK (TheStreet) — Gold rallied a bit in early Far East trading, but then got sold back down to the $1,200 spot mark just before 1 p.m. Hong Kong time.  From there it rallied to its noon high tick in London—and “da boyz” showed up at the London p.m. fix.  The subsequent rally that began thirty minutes later got capped shortly after 2 p.m. EDT in electronic trading—and despite

Calloway to acquire SmartCentres in C$1.16 billion deal

Calloway Real Estate Investment Trust said on Thursday it is acquiring the SmartCentres platform from Mitchell Goldhar as part of a C$1.16 billion ($952 million) deal that will make Calloway a fully integrated real estate developer and operator. On closing of the proposed deal, Toronto-based Calloway said, it intends to change its name to SmartREIT to reflect its enhanced capabilities. Goldhar, who himself owns a sizable stake in Calloway and

Preemptive strike on EPA emissions rules: Can it derail Obama climate plan?

The Obama administration has an ambitious plan to battle climate change: reduce greenhouse gases by 30 percent over the next two decades. On Thursday, lawyers representing the country’s largest privately-owned coal company, the Ohio-based Murray Energy Corp., together with a coalition of 15 states, asked the United States Court of Appeals to pronounce the proposed climate change rules illegal, even before the Environmental Protection Agency formally adopts them.

Polar Securities disagrees with ISS Analysis provided to Central Goldtrust Unitholders

[PR Newswire] – NYSE MKT:GTU) in respect of Polar’s proposed unit redemption amendments and Polar’s trustee nominees (“Polar Nominees”) who will shepherd the Trust through these changes and unlock value for ALL unitholders of the Trust (“Unitholders”). Polar disagrees with ISS’ analysis and recommendation to Unitholders, finding it to be severely deficient and displaying a lack of capital markets understanding.