the grouping of similar assets into categories. This is done because, under International Accounting Standards Committee rules, tangible assets and intangible assets cannot be revalued on an individual basis, only in a class of assets.
Business Editors NEW YORK--BUSINESS WIRE--Nov. 13, 2003 Fitch Ratings has upgraded 3 and affirmed 12 classes of Securitized Assets Sales Inc. residential mortgage-backed certificate, as follows: Securitized Assets Sales, Inc. Mortgage Pass-Through Certificates, Series 1993-1 -- Class A upgraded to 'AAA' from 'AA' Securitized Assets...
On November 25, 1997, Tax Executives Institute filed comments with the Department of Finance proposing a legislative change in respect of the treatment of capital cost allowances CCA for leasehold improvements (Class 13 assets). The comments, which took the form of a letter from TEI President, Paul Cherecwich, Jr., to...
GE Real Estate has made a $120 million equity investment with The Muller Company to acquire 19 assets consisting of 30 buildings located in major submarkets throughout Southern California and Arizona. The SDM Portfolio, as it is known, consists of Class 'A/B' office properties, Class 'A/B' retail products, a Class...
Using a newly constructed dataset, this paper performs a detailed analysis of the historical evolution of US external assets and liabilities at market value since 1952. It finds strong evidence of a sizeable excess return of gross assets over gross liabilities. Interestingly, this excess return increased after the collapse of...
Byline: Cuckoo Paul Mar. 30--MUMBAI, India -- Business class is the way to travel these days. Airlines are finding seats in this category being snapped up way ahead of flight departures, and are working to strengthen business class products. Singapore Airlines has recently introduced...
NEW YORK -- On October 3, 2005, the Monthly-Pay Step-Up Class A Certificates (the "Class A Certificates") and Class B Certificates (the "Class B Certificates") issued by CAST Step-Up Trust for CIT Group Notes (the " Trust") will be redeemed. This redemption is a result of the exercise of the...
Hard Assets Investor submits: By Jacob Bunge As with any asset class, commodities investing often can come down to getting into and out of a given market at the right time. Sounds simple, until you factor in fundamental factors, time horizons, the waxing and waning strength of the U.S....
NEW YORK -- Fitch Ratings has affirmed the following Morgan Stanley Issues: Series 2005-HE1 -- Class A 'AAA'; -- Class M1 'AA+'; -- Class M2 'AA'; -- Class M3 'AA-'; -- Class M4 'A+'; -- Class M5 'A'; -- Class M6 'A-';...
Table 4. U.S. Official Reserve Assets and Foreign Official Assets in the United States [Millions of dollars] (Credits +; decrease in U.S. assets or increase in foreign Line ...
NEW YORK -- On November 15, 2005, the Monthly-Pay Step-Up Class A Certificates (the "Class A Certificates") and Class B Certificates (the "Class B Certificates") issued by CAST Step-Up Trust for Credit Suisse First Boston Notes (the " Trust") will be redeemed. This redemption is a result of the exercise...
The H-Class Media Business System is an ambitious new offering that marries Harris' traditional automation equipment with a traffic system, allowing station personnel to track all of media-content assets from a single interface. Version 1.0 made it The H-Class Media Business System is an...
NEW YORK -- Fitch Ratings affirms J.P. Morgan's commercial mortgage pass-through certificates, series 2004-CIBC9, as follows: --$24 million class A-1 at 'AAA'; --$146 million class A-2 at 'AAA'; --$103.7 million class A-3 at 'AAA'; --$466.3 million class A-4 at 'AAA'; --$161.1 million class A-1A at...
NEW YORK -- Fitch Ratings has taken rating actions on the following Bear Stearns ARM Trust Issues: Series 2000-2 -- Class A affirmed at 'AAA'; -- Class B-1 affirmed at 'AAA'; -- Class B-2 affirmed at 'AA+'; -- Class B-3 affirmed at 'A+'; --...
The wave of acquisitions, divestitures and consolidations has created a backlog of underutilized assets at companies in virtually every industry. Businesses that manage such assets effectively stand to reap substantial benefits. Even though fixed assets represent a large chunk of the balance sheet, they often do not get the same...
LOS ANGELES -- Descendants of the Armenian Genocide filed a class action lawsuit against two German banks today, according to Kabateck Brown Kellner LLP. The lawsuit seeks the recovery of millions of dollars of money and property of Armenians wrongfully withheld by the defendant German banks following the Armenian Genocide....
Assets your business needs to enable you to produce your goods and services, which, in turn, generate sales, are called Fixed Assets. Fixed assets like your land, buildings, vehicles, machinery, and equipment do not produce sales on their own but you manage them and thus contribute to profit. The article...
NEW YORK -- On January 4, 2006, a conditional notice of redemption of the above-referenced Class A Certificates and Class B Certificates was given in accordance with the terms and provisions of the Class A Certificates and Class B Certificates. Redemption of the Class A Certificates and Class B Certificates...
NEW YORK -- Fitch Ratings affirms Bear Stearns Commercial Mortgage Securities Trust 2007-PWR16 as follows: --$74.2 million class A-1 at 'AAA'; --$681 million class A-2 at 'AAA'; --$58.2 million class A-3 at 'AAA'; --$130.7 million class A-AB at 'AAA'; --$954.4 million class A-4 at 'AAA';...
NEW YORK -- With the battle for control over WestPoint Stevens' limited assets raging between takeover titans Wilbur Ross and Carl Icahn, the unsecureds have become the overlooked. But as unlikely as any payout to this class of creditors might ...
