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11/11/2008 News For:

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Hospitality Properties' 3Q FFO down 12 percent   Hospitality Properties Trust said Monday its third-quarter results declined about 12 percent from a year ago on lower rental revenue. The hotel real estate investment trust's results, however, beat Wall Street estimates.

Financial climate slowing sale of AIG's Japan assets: report  The weakened balance sheets of prospective buyers is hampering American International Group's planned sale of three Japanese life insurance companies, according to a published report.

Damac Properties cuts 200 jobs  Damac Properties has been forced to lay off 200 employees at its Dubai office due to falling sales, reported The National. The job cuts have been made across divisions including sales, marketing, recruitment and administration.

AIG Sale of Japan Units Finds Hesitant Buyers, Nikkei Says  Nov. 11 -- American International Group's planned sale of three Japanese life insurance subsidiaries hasn't attracted the interest of would-be buyers in Japan, Nikkei English News reported, citing no one.

Search continues for missing island woman  BRADENTON ? Authorities continue to search for an island business woman reported missing last week.

Spratt's name floated for top Obama post   WASHINGTON ? U.S. Rep. John Spratt?s name is being floated for a post in the Obama administration that would take advantage of his economic expertise as chairman of the House Budget Committee. Spratt is at the top of a list of three possible directors of the White House Office of Management and Budget, The Associated Press reported last week. The New York Times and other publications also have ...

Hospitality Properties' 3Q FFO down 12 percent  NEWTON, Mass. Hospitality Properties Trust said Monday its third-quarter results declined about 12 percent from a year ago on lower rental revenue. The hotel real estate investment trust's results, however, beat Wall Street estimates.

Obama urges Bush back fast aid for US autos-NYTimes  WASHINGTON, Nov 10 Reuters - President-elect Barack Obama asked President George W. Bush at their White House meeting on Monday to back immediate emergency aid for the struggling U.S. auto industry, The New York Times reported.

Report card for schools released  The state Department of Education?s annual Report Card, released Monday, aims to hold all systems accountable for student learning, despite different stages of progress, and to allow parents to judge for themselves a school?s strengths and weaknesses.

BREAKING: Pfizer puts closed Terre Haute plant up for sale  Drug maker Pfizer Inc. is putting up for sale the Terre Haute manufacturing plant where about 800 people worked before the company decided to close it.Pfizer announced today it had hired a real estate services company to market the 1,000-acre site where the company has had operations since 1948.