Central Europe Investment Property

This is a joint press release of Rodamco Europe N.V and Unibail Holding. Not for release, publication or distribution, in whole or in part, in or into the United Kingdom, the United States, Canada, Australia or Japan. This announcement and related materials do not constitute an offer for ordinary shares in Rodamco Europe N.V., but the expectation is justified that an offer will be made in due course as set out in this press release.

Paris, France and Rotterdam, the Netherlands - 10 April 2007 - Rodamco Europe N.V. ("Rodamco") and Unibail Holding S.A. ("Unibail"), in a joint communiqué, announce they intend to combine both companies to create the leading pan-European commercial property company. The combination will be a merger of equals which will offer investors a unique investment platform with the following characteristics:

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Is Transition from Communism Possible?

Is Transition from Communism Possible? Lest you hold your breath to the end of this article - the answers to both questions in the title are no and no. Capitalism cannot be "learned" or "imported" or "emulated" or "simulated". Capitalism (or, rather, liberalism) is not only a theoretical construct. It is not only a body of knowledge. It is a philosophy, an ideology, a way of life, a mentality and a personality.

This is why professors of economics who studied under Socialism can never teach Capitalism in the truest sense of the word. No matter how intelligent and knowledgeable (and a minority of them are) - they can never convey the experience, the practice, the instincts and reflexes, the emotional hues and intellectual pugilistics that real, full scale, full blooded Capitalism entails.

Property Investments Almost Eur 500 Billion

Global investment volumes in commercial property rose by 33% last year to reach a record of EUR 492 billion. These are the findings of a new report published by global real estate consultant Cushman & Wakefield. The study only includes investments in first-rate commercial property, not in residential property. The volume of global capital invested into the real estate sector has been consistently escalating over the past 5 years. It has become a more acceptable investment class with investors attracted by the long term growth prospects and relative stability, says James Chapman, Head of the Capital Markets Group at Cushman & Wakefield, Prague. As an indicator of how rapidly the world market has evolved over the last five years: the quarterly average for 2006 exceeded the total trading seen in 2001 as a whole.

Stock Market Update - Tue Apr 10 16:20:01 EDT 2007

[BRIEFING.COM] Stocks closed higher Tuesday, but market gains were modest in scope given a lack of corporate news, no scheduled economic data, and a sense of caution that typically precedes the start of earnings season, especially one in which 14 consecutive quarters of double-digit profit growth for the S&P 500 are likely to come to an end. Alcoa (AA 34.90 +0.03), the best performing Dow component last quarter (+13.6%), was scheduled to officially kick things off with its Q1 report after the closing bell.

Speaking of the blue-chip index, it finished to the upside for an eighth consecutive day, recording its longest winning streak since March 2003. However, had it not been for respective gains of 1.6% and 1.0% in Citigroup (C 52.41 +0.83) and Exxon Mobil (XOM 77.59 +0.79), which rank as two of the most heavily-weighted constituents on the S&P 500, the Dow's streak would have been snapped.