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SAN FRANCISCO (MarketWatch) -- Post Properties Inc. said late Wednesday it is offering 3 million shares of common shares to repay mortgage debt. The developer is offering underwriters 450,000 additional shares to cover overallotments. Post Properties said proceeds will be used to repay $39.4
SAN FRANCISCO -- Post Properties Inc. said late Wednesday it is offering 3 million shares of common shares to repay mortgage debt. The developer is offering underwriters 450,000 additional shares to cover overallotments. Post Properties said proceeds will be used to repay $39.
Post Properties Inc. Executive Vice President and President of Post Apartment Management Thomas L. Wilkes will leave the company at the end of the year.
http://atlanta.bizjournals.com/atlanta/stories/2009/11/09/daily24.html?ana=from_rss
PPS Stock Quote, and financial news from the leading provider and award-winning MarketWatch.com.
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ATLANTA, Nov 10, 2009 (BUSINESS WIRE) --
Post Properties, Inc. (NYSE: PPS) announced today that, as part of an overall restructuring intended to streamline its business and reduce costs, Thomas L. Wilkes, President of Post Apartment Management and EVP of Post Properties, Inc., will leave the Company, effective December 31, 2009. Mr. Wilkes' responsibilities will be assumed by S. Jamie Teabo, SVP Property Management, and Charles A. Konas, EVP Construction/ Development. Both Ms. Teabo and Mr. Konas have substantial industry and company experience. Post expects to incur a charge in the fourth quarter related to settling its contractual obligations with Mr. Wilkes and in connection with the overall restructuring.
Said Mr. Stockert, "With his background in multifamily real estate and commitment to the business, Tom Wilkes has made substantial contributions to Post over many years. We appreciate his accomplishments on behalf of the Company and wish him every continued success."
About Post Properties
Post Properties, founded more than 38 years ago, is one of the largest developers and operators of upscale multifamily communities in the United States. The Company's mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multifamily living. Operating as a real estate investment trust ("REIT"), the Company focuses on developing and managing Post(R) branded resort-style garden and high density urban apartments. In addition, the Company has also developed high-quality condominiums and converted existing apartments to for-sale multifamily communities. Post Properties is headquartered in Atlanta, Georgia, and has operations in nine markets across the country.
Post Properties owns 19,864 apartment units in 55 communities, including 1,747 apartment units in five communities held in unconsolidated entities and 1,429 apartment units in four communities currently under construction and/or in lease-up. The Company is also developing and selling 277 luxury for-sale condominium homes in two communities (including 129 units in one community held in an unconsolidated entity) and is completing the sell out of units in two other condominium conversion communities through a taxable REIT subsidiary.
SOURCE: Post Properties, Inc.
Post Properties, Inc. David Stockert, 404-846-5000
Tags: business community construction contributions executive investment nyse president property management real estate reit restructuring
Companies: Post Properties, Inc. (PPS)
Nov 10, 2009 (M2 PRESSWIRE via COMTEX) --
Picksthatmove.com Alerts include Post Properties, Inc. (NYSE: PPS); Harsco Corporation (NYSE:HSC); Swift Energy Company (NYSE: SFY); Pfizer Inc. (NYSE: PFE); The First American Corporation (NYSE: FAF) and NTT DOCOMO, Inc. (NYSE: DCM)
-- November 10, 2009 Post Properties, Inc. (NYSE: PPS) at $16.94 on a volume of 289,824 shares
In a press release on November 10, Post Properties Announces Executive Departure
ATLANTA, Nov 10, 2009 Post Properties, Inc. (NYSE: PPS) announced today that, as part of an overall restructuring intended to streamline its business and reduce costs, Thomas L. Wilkes, President of Post Apartment Management and EVP of Post Properties, Inc., will leave the Company, effective December 31, 2009. Mr. Wilkes' responsibilities will be assumed by S. Jamie Teabo, SVP Property Management, and Charles A. Konas, EVP Construction/ Development. Both Ms. Teabo and Mr. Konas have substantial industry and company experience. Post expects to incur a charge in the fourth quarter related to settling its contractual obligations with Mr. Wilkes and in connection with the overall restructuring.
Said Mr. Stockert, "With his background in multifamily real estate and commitment to the business, Tom Wilkes has made substantial contributions to Post over many years. We appreciate his accomplishments on behalf of the Company and wish him every continued success."
About Post Properties
Post Properties, founded more than 38 years ago, is one of the largest developers and operators of upscale multifamily communities in the United States. The Company's mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multifamily living. Operating as a real estate investment trust ("REIT"), the Company focuses on developing and managing Post(R) branded resort-style garden and high density urban apartments. In addition, the Company has also developed high-quality condominiums and converted existing apartments to for-sale multifamily communities. Post Properties is headquartered in Atlanta, Georgia, and has operations in nine markets across the country.
-- November 10, 2009 Harsco Corporation (NYSE:HSC) trading at $33.06 on a volume of 133,894 shares
In a press release on November 10, Harsco Expands Its Emerging Market Footprint in Latin America With Acquisition of ESCO Interamerica
HARRISBURG, Pa., Nov 10, 2009 Continuing its strategic objective of building strong market leadership positions in the world's high-growth emerging market economies, worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today its acquisition of ESCO Interamerica, Ltda., one of Latin America's premier engineering and equipment services providers to the infrastructure sector and the number one market leader in Central America and the Caribbean.
About Harsco Corporation
Harsco Corporation is one of the world's leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth, including infrastructure, metals, railways and energy. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.
-- November 10, 2009 Swift Energy Company (NYSE: SFY) trading at $24.42 on a volume of 284,473 shares.
In a press release out on November 10, Swift Energy Announces Public Offering of $200 Million of Senior Notes
HOUSTON, Nov 10, 2009 Swift Energy Company (NYSE: SFY) announced today that it intends to offer $200 million of senior notes due 2020 in a public offering. The Company has filed a preliminary prospectus supplement today with the Securities and Exchange Commission relating to the offering, which is expected to close later this month.
Swift Energy intends to use the net proceeds from the offering to redeem all of the Company's currently outstanding $150 million of 7 5/8 % senior notes due 2011, with the remainder used to repay a portion of the amount outstanding under its bank credit agreement ($65.8 million at October 31, 2009). The Company intends to call its outstanding 7 5/8 % notes for redemption upon pricing of the senior notes offering, with the redemption to occur 30 days later.
About Swift Energy Company
Swift Energy Company, founded in 1979 and headquartered in Houston, engages in developing, exploring, acquiring and operating oil and gas properties, with a focus on oil and natural gas reserves onshore in Louisiana and Texas and in the inland waters of Louisiana.
-- November 10, 2009 Pfizer Inc. (NYSE: PFE) last at $17.59 a volume of 19.54M shares
In a press release out on November 10, Pfizer to cut jobs at Wyeth's Montco site
Nov 10, 2009 Pfizer Inc., which bought rival Wyeth last month, said yesterday that it would move "a number of functions" from Wyeth's Collegeville, Montgomery County, location as Pfizer consolidated research and development at five "hub" sites.
About Pfizer Inc.
Pfizer Inc. (NYSE: PFE) is a research-based, global pharmaceutical company. The Company discovers, develops, manufactures and markets prescription medicines for humans and animals. It operates in two business segments: Pharmaceutical and Animal Health. Pfizer also operates several other businesses, including the manufacture of gelatin capsules, contract manufacturing and bulk pharmaceutical chemicals. In June 2008, Pfizer completed the acquisition of all remaining outstanding shares of common stock of Encysive Pharmaceuticals, Inc. through a merger of Pfizer's wholly owned subsidiary, Explorer Acquisition Corp., with and into Encysive. In June 2008, it also completed the acquisition of Serenex, Inc., a biotechnology company with a Heat Shock Protein 90 development portfolio. In July 2009, Pfizer bought back a 29.52% stake in its Indian arm, Pfizer Limited, increasing its stake to 70.75%.In October 2009, Pfizer Inc. acquired Wyeth.
-- November 10, 2009 The First American Corporation (NYSE: FAF) last at $32.87 a volume of 176,980 shares
In a press release out on November 10, The First American Corporation Named Among the Top 100 Military-Friendly Employers for 2010
G.I. Jobs Magazine Award Puts Company in Top 2 Percent of All Large Employers
SANTA ANA, Calif., Nov 10, 2009 SANTA ANA, Calif., Nov. 10 The First American Corporation (NYSE: FAF) announced today that it has been named one of the Top 100 Military-Friendly Employers by G.I. Jobs magazine. The ranking, which will appear in the December issue, places First American in the top 2 percent of 5,000 employers with revenues of more than $500 million.
First American was recognized for its salary and benefit policies for employees who are called to active status or who serve in the reserves. The company was also cited for its Veterans Employee Business Council, which sponsors programs supporting service men and women and their families, as well as honoring veterans for their past service.
About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500(R) company that traces its history to 1889. With revenues of approximately $6.2 billion in 2008, it is America's largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people's lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at www.firstam.com.
-- November 10, 2009 NTT DOCOMO, Inc. (NYSE: DCM) trading at $14.50 on a volume of 377,402 shares
In a press release out on November 10, U.S. NTT DOCOMO Unveils 20 New Models; 19 Handsets and 1 Digital Photo Frame
Tokyo, Nov 10, 2009 NTT DOCOMO, Inc. (NYSE: DCM) announced today its lineup of 19 new handsets, as well as a 3G-capable digital photo frame, for launch on or after November 20, depending on the model. The lineup includes models in the four main series of FOMA(TM) 3G handsets - docomo STYLE series(TM), docomo PRIME series(TM), docomo SMART series(TM) and docomo PRO series(TM).
About NTT DOCOMO
NTT DOCOMO is the world's leading mobile operator and provider of advanced mobile services. The company serves over 55 million customers in Japan, including 48 million using i-mode(TM), the world's most popular mobile e-mail/Internet platform, and 51 million using FOMA(TM), the world's original 3G mobile service based on W-CDMA. As a leader in the development of cutting-edge mobile technologies, DOCOMO is continually expanding the role of mobile phones as versatile and highly personalized "lifestyle tools" for everyday life, including with a wide range of innovative services for mobile payments, GPS, mobile TV, multimedia content and much more. NTT DOCOMO is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visitwww.nttdocomo.com.
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Companies: First American Financial Corp. (The) (FAF), Harsco Corp. (HSC), NTT DoCoMo Inc. (DCM), Pfizer, Inc. (PFE), Post Properties, Inc. (PPS), Swift Energy Co. (SFY)
Nov 03, 2009 (SmarTrend(R) Spotlight via COMTEX) --
Post Properties (NYSE:PPS) is trading 2.4% lower (down $0.40 to $16.00) today on volume of 611,717 shares. The stock has traded within a 52-week range of $8.99 and $22.24.
Post Properties is currently below its 50-day moving average of $17.41 and should find support at its 200-day moving average of $14.14.
SmarTrend is bearish on shares of PPS and our subscribers received a Downtrend alert on October 27, 2009 at $16.67, which has returned 4% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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Tags: market nyse securities
Companies: Post Properties, Inc. (PPS)
Oct 28, 2009 (Fresh Brewed Media via COMTEX) --
Post Properties (NYSE: PPS) opened at $16.47. So far today, the stock has hit a low of $15.85 and a high of $16.66. PPS is now trading at $16.14, down $0.37 (-2.24%). Over the last 52 weeks the stock has ranged from a low of $8.99 to a high of $22.32. PPS shares are declining today after Morgan Keegan initiated the stock at Underperform. Technical indicators for the stock are neutral and S&P gives PPS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on PPS the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 17.50 range.
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Companies: Post Properties, Inc. (PPS)
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Jack Pelech is a competent, experienced realtor. He specializes in residential & commercial Real Estate in Saint Louis County, South Saint Louis City, Jefferson County, and Franklin County; Missouri.
This site was selected by Post for the development of a Post apartment community and a new corporate headquarters building for Post Properties. The company sought a development manager for the office and retail portions of the project.
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Post Properties, Inc., founded more than 36 years ago, is one of the largest developers and operators of upscale multifamily communities in the United States.
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Post Properties Incorporated, Atlanta, GA : Reviews and maps - Yahoo! Local, 404.846.5000. Get Ratings, Reviews, Photos and more on Yahoo! Local.
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Post Properties, Incorporated Post Properties, Inc. (NYSE:PPS) is the preeminent developer and operator of upscale multi-family apartment communities, with a total market ...
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Post Properties Incorporated, Addison, TX : Reviews and maps - Yahoo! Local, 972.770.5151. Get Ratings, Reviews, Photos and more on Yahoo! Local.
http://local.yahoo.com/info-18604751-post-properties-incorporated-addison