| Regency Centers Sells $400 Mln. Of 10-Yr Senior Unsecured Notes ...
6/5/2007 2:46:03 PM Regency Centers Corp. (REG) on Tuesday said its operating partnership, Regency Centers, L.P., finalized the sale of $400 million of 5.875% ten-year senior unsecured notes under its existing shelf registration statement. The notes are due June 15, 2017 and were priced at 99.527%. The company said it would use the net proceeds to reduce borrowings under Regency's corporate line of credit.
Intertainment Media Agrees To Buy Minority Equity Interest In DC NetCast Media - Quick Facts [INT.V]
6/5/2007 2:41:43 PM Intertainment Media Inc. (INT.V) on Tuesday said it agreed to buy a minority equity interest in DC NetCast Media Inc., a privately held Toronto, Canada company with diversified holdings in both content assets and technology IP.
Market prices in Aug rate hike
Johannesburg - South African money market rates are currently pricing in a 20-30% chance of another rate hike in August after an expected increase of 50 basis points on Thursday. South Africa's 12-month negotiable certificate of deposit (NCD) was trading at 9.650% just before the last Monetary Policy Committee (MPC) meeting on April 12, where rates were left unchanged for the second successive month, but by the late afternoon on Wednesday it was a full 45 basis points weaker at 10.100%. A week ago the rate was at 9.750% - at the time close to a full expectation of a 50 basis-point increase. A senior money market dealer told I-Net Bridge on Wednesday that the reason for the increase was that the market was now pricing in more than 50 basis points ie. there is a growing risk that the 50 basis points increase on Thursday could be followed by another potential increase of 50 basis points in August at the next MPC meeting.
Obama health plan points to tax increases
Presidential candidate Barack Obamas plan for universal health care for all Americans require $50 billion to $65 billion in new revenue, according to estimates released this morning by his campaign.
The campaign suggested tax increases for the wealthiest Americans may be the way Obama would pay for his plan. The campaign released estimates from the Urban/Brookings Tax Policy Center saying the money could be raised by restoring the top two personal income tax brackets and rates on dividends and capital gains to Clinton-era levels.
Obama will officially unveil his plan at 10:30 a.m. today at the University of Iowa.
Other highlights:
Obama will tell the crowd his plan would reduce the typical familys health-insurance premiums by $2,500 a year.
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