Les dernières nouvelles de l'économie mondiale (Business) et ses crises.

Sebi to issue final norms for REIT, infrastructure trusts soon, says U K Sinha

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 01:03:00 +0000

AppId is over the quota
AppId is over the quota
CHENNAI: Capital markets regulator Sebi will issue final guidelines on newly proposed Real Estate Investment Trusts and Infrastructure Investment Trusts, as also revised norms for ESOPs by listed companies in coming weeks, Chairman U K Sinha said today.

Sebi has already announced draft regulations for REITs and InVITs, for which the government also proposed tax benefits during the union budget earlier this month. Besides, Sebi board recently approved certain changes in ESOP norms.

"You might have seen that in the current budget an announcement has been made about Real Estate Investment Trust. I am hopeful that sometime next month, SEBI will be coming out with (final) guidelines. My feeling is that these guidelines are going to help the growth of real estate industry", Sinha said in his address at the 178th AGM of Madras Chamber of Commerce here.

Sinha also said there is scope for aligning Sebi's corporate governance guidelines with that of the new companies law.

The Companies Act, 2013, many of whose provisions came into force in April this year, has strict norms to ensure good corporate governance practices in the country.

"There are some areas where there is scope of aligning the guidelines on corporate governance and the Companies Act (2013)," Sinha said, while citing the example of independent directors' tenure, among others.

Apart from the Real Estate Investment Trusts (REITs), Sinha said Sebi would also issue guidelines for the Infrastructure Investment Trusts (InVITs).

"We are also going to come out with guidelines for infrastructure investment trusts. My feeling is that sometime next month, SEBI is going to announce that", he said.

Sebi in 2012 had barred employee welfare schemes and trusts of listed entities from purchasing their own shares from the secondary market.

To a query on the guidelines for ESOP (Employee Stock Option), he said, "But, we are going to release that ban to an extent that they can buy if they want to give ESOPs to their employees".

"Our earlier impression was this (share buying by welfare schemes and trusts) being used to manipulate and stabilise the share price and not actually to give it back to the employees. Now, we are going to allow them to buy, not the sale part", he said.

"ESOP guidelines may be out in next 15 days. It is in fairly advanced stage", he later told reporters.

Commenting about the proposal to implement self-regulatory organisation (SRO), Sinha said, "The SRO matter has gone in to a legal battle and the matter is right now in the Securities Appellate Tribunal".

"Some people have challenged the process of selection. Only if there is final decision, can we discuss about it," he said.

HUL flows before the results of the fourth quarter; PAT seen up 7.5%; plu ad spend to hit growth

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 01:01:00 +0000

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HUL sinks ahead of Q4 results; PAT seen up 7.5%; higher ad spend to hit growth - Economic TimesYou are here: Home > Collections >Consumer DemandHUL sinks ahead of Q4 results; PAT seen up 7.5%; higher ad spend to hit growthET Now Apr 28, 2014, 12.23 PM ISTTags: results|paid up policy|net worth|Insurability|Inflation|HUL|Hindustan UniLever|fmcg|earnings|Consumers|categories(The stock came under selling...)

NEW DELHI: Hindustan Unilever Limited (HUL) is scheduled to report its results for the quarter ended March 31 on Monday.

India's largest Fast Moving Consumer Goods Company is expected to report 7.5 per cent YoY growth in its standalone net profit number to Rs 840 crores as compared to Rs 781 crores reported in the corresponding quarter last year, according to year and Now Poll.

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Ahead of the results, the stock cam under some bit of selling pressure and was trading nearly 1 per cent lower at Rs 574 at 12:00 p.m. It hit a low of Rs 565.10 and a high of Rs 588 in trade today.

Net sales for the FMCG major are likely to grow by 9.6 per cent to Rs 6980 crores for the quarter ended March 2014, from Rs 6367 crores reported in the year ago period.

EBITDA is seen at Rs 1080 crore, gold has 11 per cent rise in the fourth quarter of the financial year 2014, compared to SR 971 crore reported in the year ago period. EBITDA margins are seen flat at 15.47 per cent as compared to 15.25 per cent reported in the year ago period.

According to the and Now estimates, consumer demand are likely to get worsen QoQ across categories and higher Ad expenses are likely to curtail bottom line growth.

Analysts see Volume growth between 3-4 per cent. Volume growth in 4QFy13 was 6 per cent while in Q3Fy14 it was 4 per cent.

Soaps & Detergents

Co took price hikes in Soaps to pass on palm oil inflation Soaps & Detergents see muted growth Co unwound promotional offers and increased prices Soaps & detergents could grow at 9-10% and PP at 9%

Personal Products

Segment could register growth of 8-9% F & L relaunch is witnessing encouraging response

Beverages

Beverages could post a better quarter QoQ Price growth in Beverages to come down

Watch out for

-Comments on volume growth - Consumer demand environment

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May 17, 2013IN-DEPTH COVERAGEConsumer Demand© 2014 Bennett, Coleman & Co. Ltd. All rights reservedIndex by Keyword|Index by Datewww.economictimes.comFeedback |Privacy Policy|Terms of Use|Advertise with us document.write(unescape("%3Cscript src ='" + (document.location.protocol == ' https: '?) "(((https://sb": 'http://b') + '.scorecardresearch.com/beacon.js' % 3E%3C/script%3E")); COMSCORE.beacon({ c1:2, c2:6036484, c3:"", c4:"", c5:"", c6:"", c15:"" });

Why top 5 Nifty losers of FY14 are good buys; high-beta stocks a bet

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 00:57:00 +0000

AppId is over the quota
AppId is over the quota

On the 50-share Nifty, there were more gainers than losers in the last fiscal year, but stocks which did slip in the red should be able to make up for losses now, say analysts.

Top five losers in Nifty for the year FY14 were DLF (down 25 per cent), JSPL (16 per cent), IDFC (15 per cent), NTPC (14.7 per cent) and Tata Power (9 per cent).

India is one of the top performers right now among the emerging markets as foreign institutional investors are hopeful of economic recovery in FY15 on improved macros, and they are betting big on beaten-down cyclicals, banks and high-beta stocks.

FII flows picked up sharply in March 14 -aggregating $3.6 billion - the highest monthly inflow in 10 months, Deutsche Bank said in a report. FII flows into debt also remained strong at US$1.1 billion, albeit lower than January-February 2014, and could ease further with RBI banning FII investment into sub-one year maturity government debt.

"The markets are looking up, the FII flows have been very strong. The broad expectation is that the economy will bottom out in FY15 and start picking up. The corporate earnings growth momentum should also pick up after being in a declining mode for the last four or five years," said Prabodh Agrawal, Head of Research, IIFL Institutional Equities.

"So, definitely fundamentals are expected to improve and the fact that the markets have been trading sideways for a number of years, valuations are looking attractive," he added.

Agrawal is of the view that many sectors and stocks have been beaten down significantly and valuations are very attractive and therefore there are enough reasons why the market should start looking up and go up further.

Indian market was among the top performing markets globally last month alone with Sensex rising by 6 per cent in INR and 9.4 per cent in dollar terms - second only to Turkey - as the declining likelihood of a fractured mandate, improving macro and a status-quo in RBI policy helped investor sentiments.

Deutsche Bank is of the view that and we could receive a further boost if the election mandate is decisive. Unsurprisingly, among key EMs, India has been the biggest recipient of YTD FII flows ($4 billion), followed by Taiwan ($3.6 billion) and Indonesia ($2.4 billion).

Deutsche Bank maintains its constructive outlook on Indian market and has reiterated December 2014 Sensex target of 24,000.

Last month, global investment bank, Nomura highlighted the fact that investors should remain neutral on the market closer to elections to hedge against potential post-election volatility. They have pegged their December-end 2014F Sensex target at 24,700.

IMF cuts US and global growth forecasts for 2014

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 00:52:00 +0000

AppId is over the quota
AppId is over the quota
WASHINGTON: The IMF lowered its 2014 global economic growth forecast Thursday, warning of "negative surprises" from the United States and China and geopolitical risks in Ukraine and the Middle East.

The International Monetary Fund projected global growth of 3.4 percent for this year, down from its April estimate of 3.7 percent.

In 2013, the world economy grew 3.2 percent. The downgraded 2014 growth outlook reflects "both the legacy of the weak first quarter, particularly in the United States, and a less optimistic outlook for several emerging markets," the IMF said, in an update of its semiannual World Economic Outlook.

The US economy, which accounts for nearly a quarter of the world's gross domestic product, shrunk by 2.9 percent in the first quarter, in part because of severe winter weather.

On Wednesday, the IMF lowered its 2014 US growth forecast to a "disappointing" 1.7 percent, from 2.0 percent in mid-June and 2.8 percent in April.

"It's really a story of something which has just happened and that is behind us," said Olivier Blanchard, the IMF's chief economist.

The IMF is projecting growth will pick up in the US the rest of the year, but not enough to offset the first-quarter drag.

China, the world's second-largest economy, will expand less than previously thought, the IMF said, lowering its forecast to 7.4 percent from 7.6 percent.

"In China, domestic demand moderated more than expected," it said. In the eurozone, still struggling to recover from recession, the growth estimate was unchanged at 1.1 percent, and the IMF reiterated concern about weak inflation in the 18-nation European bloc.

"In major advanced economies, there is a risk of stagnation in the medium term," the IMF warned.

The brief update showed the IMF increasingly concerned by escalating geopolitical tensions.

"Geopolitical risks have risen relative to April: risks of an oil price spike are higher due to recent developments in the Middle East while those related to Ukraine are still present," the report said.

Russia, the target of recent US and European Union economic sanctions for its alleged support of separatist fighting in Ukraine, was likely to see its economy brought to the brink of recession this year.

IMF slashed its Russian growth forecast by 1.1 percentage point, to 0.2 percent, saying "activity in Russia decelerated sharply as geopolitical tensions further weakened demand."

Emerging-market economies would slow a bit more than previously estimated, to a 4.6 percent growth pace, but they were not expected to suffer significantly from the eventual US exit from extremely loose monetary policy.

"Emerging market economies -- particularly those with domestic weaknesses and external vulnerabilities -- may face a sudden worsening of financial conditions and a reversal in capital flows in the event of a shift in financial market sentiment," the IMF said.

Such a scenario occurred in 2013 when investors abruptly withdrew capital from emerging-market economies anticipating the Federal Reserve would raise its key US interest rate, stuck near zero since late 2008. That did not happen, but the Fed is looking to hike the federal funds rate in mid-2015.

"I don't think we'll see major financial chaos in the future... but there are going to be bumps,"Blanchard said.

Despite the worse-than-expected global growth outlook for 2014, the IMF left its 2015 forecast unchanged at an annual rate of 4.0 percent, the fastest pace since 2011.

HUL open offer begins at Rs 600 per share, stock trades flat

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 00:47:00 +0000

AppId is over the quota
AppId is over the quota

At present, Unilever PLC has 52.48 per cent stake in HUL. The proposed open offer is valued at $5.4 billion and post the offer the stake will go up to 75 per cent.

At 11:00 a.m.; HUL was trading 0.4 per cent lower at Rs 590.85. It hit a low of Rs 589.05 and a high of Rs 594.35 in trade today.

Rahul Singh, Head of Research, Standard Chartered Securities in an interview with ET Now said that the valuations seemingly look attractive, but if you compare it with the previous open offers we might get very less or lukewarm kind of tendering in this process.

"Long term, we continue to be positive on Hindustan Lever and anyone with a long term view may or may not choose to tender their shares in this offer if they think the premium is not good enough," he added.

HUL is a market leader in the fast moving consumer goods business in India, with brands spanning categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants etc.

The stock is up over 20 per cent since April and has remained in a range so far in the month of June.

According to analysts, minority investors can tender their stake in the company at the open offer price. At Rs 600 per share, the stock is valued at around 34xtimes FY15 earnings, making it look expensive in the short term.

The performance of Hindustan Unilever Ltd was a mix bag in Q4FY2013. The volume growth of 6 per cent in the domestic consumer business was ahead of the Street's expectation; however, the same is way below the 10% volume growth clocked by the company in the past.

"We believe the next two quarters will have to be keenly monitored in terms of any improvement in the volume growth," Sharekhan said in a note.

The brokerage firm broadly maintains their earnings estimates for FY2014 and F2015.

We have collated views from different brokerage firm as to what investors should do with the open offer:

CLSA: Open offer price if attractive; Recommend investors to sell the stock

IDFC: Subscribe to open offer; Stock is getting re-rated

European stocks rise on firm data, as EU eyes sanctions

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 00:45:00 +0000

AppId is over the quota
AppId is over the quota
LONDON: European stock markets rose on Thursday and the euro recovered from an eight-month low as figures pointed to an uptick in growth in Europe and China.

Robust manufacturing data in China, the world's second-largest economy, and a strong eurozone purchasing managers' index (PMI) helped dampen concerns about EU sanctions against Russia.

Frankfurt's main DAX index traded up 0.42 percent to 9,794.06 points, compared to Wednesday's closing values.

London's benchmark FTSE 100 index rose 0.34 percent to 6,821.46 points, while in Paris the CAC 40 finished the day up 0.78 percent at 4,410.65.

"Eurozone growth rebounded in July," the private Markit research group, which published the eurozone PMI data, said while warning that the crisis in Ukraine could cloud the bloc's outlook.

Markit's chief economist Chris Williamson said the latest figures suggested that the eurozone economy was growing "at one of the strongest rates we have seen in the past three years".

Madrid's IBEX 35 index also surged to close up 1.89 percent after official data showed unemployment in Spain fell sharply in the second quarter -- slipping beneath 25 percent.

"Spanish jobs are moving in the right direction but the rate of change is too slow. At this pace Spain's economy will still be in the doldrums for the next five years," said Jasper Lawler, market analyst at CMC Markets UK.

HSBC meanwhile said its preliminary PMI of Chinese manufacturing activity for this month jumped to 52.0 from 50.7 in June. Anything above 50 indicates growth.

Wall Street rode the optimistic wave, with the S&P 500 topping its record close on Wednesday, helped as well by more good corporate earnings reports, especially from tech giant Facebook.

By early afternoon, the Dow Jones Industrial Average had edged up 0.11 percent to 17,104.74, while the S&P 500 gained 0.19 percent to 1,990.72.

The tech-rich Nasdaq Composite Index rose 0.22 percent to 4,483.56. In European equities, Nokia shares climbed 7.26 percent after the Finnish telecom equipment group jumped back into profit in the second quarter, boosted by restructuring.

In Paris, shares in energy engineering group Technip plunged 8.66 percent after it predicted profits at its onshore/offshore division would be hit by political risks at its Yamal gas project in the Russian Arctic.

Market research group Ipsos dived 21.57 percent to 21.76 euros after a profit warning due to setbacks in the Americas, in part because companies had delayed research because of the World Cup.

In Brussels, meanwhile, a European Union source said the bloc will add to its sanctions list 15 Ukrainian and Russian people and 18 entities over their role in the Ukraine crisis.

They are also mulling moving beyond current visa bans and asset freezes, under pressure to do more after the alleged shooting down of flight MH17 by rebels using a Russian-made missile.

EU moves against Moscow have hit the euro in recent days, resulting in it falling to multi-month low points.

On Thursday, the European single currency hit a new eight-month low against the dollar at $1.3438. It later recovered to $1.3467, compared with $1.3462 late in New York on Wednesday.

The euro rose to 79.31 British pence from 78.99 on Wednesday. The pound dropped to $1.6979 from $1.7040.

The price of gold slid to $1,292.75 an ounce on the London Bullion Market from $1,308 on Wednesday.

In London, gains to banking shares and for miners helped to offset heavy falls to home improvements firm Kingfisher and no-frills airline EasyJet.

Kingfisher shed 8.18 percent to 308.50 pence after revealing poor trading figures for France, while Easyjet lost 4.99 percent to 1,333 pence as its forecast for higher annual profits came in below market expectations.

"Despite having issued its second profit upgrade this year, EasyJet has undershot market expectations for the latest number, with the result that the shares have come under pressure," said Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers.

United Spirits is a pretty good bet long term: Vinay Khattar

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 00:40:00 +0000

In a chat with and now, Vinay Khattar, research (individual customers), Edelweiss Financial Services Limited Manager, shares his views on United spirits. Excerpts:

AND now: what is the advice to your customers on United spirits, people who sit on the stock believe that they can hold this stock for the next two years, advise you offers in the open offer or stay with United Spirits?

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Vinay Khattar:United spirits has been a good business for people who look at short time gains. It is logical for you to tender in the open offer. But if you want to stay long with views of investment from five to seven years, it is a very good strain to hold firmly. You have a new direction that came in. You have one of the largest distribution implemented in India that you could use to introduce new products, premium whiskies and liqueurs premium in the country.

Now the only thing that you can keep an eye out for is very high valuations, you are not buying low-priced action and if you are looking at short-term returns, and then some that has already taken into account in the price.

The two gentlemen as well as the ladies start to consume liquor so open up new segments of the market which is clearly positive and dominance of brand with a good distribution reach this could be a very very good play Indian consumption.

Body {margin: 0px;}google_ad_client = \ "ca-pub-8415620659137418\"; google_ad_slot = \ "3278470286\"; google_ad_width = \ "640\"; google_ad_height = \ "110\"; google_ad_channel = \ "9126527482,1000001868, 1000000195\"; google_adtest = \ "off\"; google_safe = \ "high\"; google_hints = \ "good stock good trade head research\"; google_max_num_ads = \ "2\"; google_override_format = true; google_page_url = \ "\ http://articles.economictimes.indiatimes.com/2014-04-15/news/49155898_1_united-spirits-vinay-khattar-edelweiss-financial-services-limited"; "); document."Close ;})(); "frameborder ="0 "scrolling ne =" "width ="640"height ="110"> featured ARTICLES10 best tax saving investmentsInfosys CEO SD Samba has 700 + apartments in Seattle." Buy now in Berlin, Frankfurtdegrees of the engineering graduates in India to be recognized in 17 countries fromdegrees of engineering graduates in more: Indian to be recognized through 17 countries in countries10 steps to file your income tax return return first e-reader onlineIndia Wink unveiled, supporting 15 languagesFed warns of disaster if the debt of $14, 3 - trn does not limit raisedMalaysia Airlines MH17 : rebels agree to the area of security to Ukraine crash siteUkraine rescuers retrieve 181 body to Malaysia Airlines MH17 crash site body {margin: 0px;}google_ad_client = \ "ca-pub-8415620659137418\"; google_ad_slot = \ "4755203488\"; google_ad_width = \ "300\"; google_ad_height = \ "250\"; google_ad_channel = \ "9126527482,1000001868, 1000000195\"; google_adtest = \ "off\"; google_safe = \ "high\"; google_hints = \ "good stock good trade head research\"; google_max_num_ads = \ "4. \"; google_override_format = true; google_page_url = \ "\ http://articles.economictimes.indiatimes.com/2014-04-15/news/49155898_1_united-spirits-vinay-khattar-edelweiss-financial-services-limited"; "); document."Close ;})(); "frameborder ="0 "scrolling ne =" "width ="300"height ="250"> related ARTICLESCESC could be a good bet: Vinay Khattar"
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18 December 2013© 2014 Bennett, Coleman & Co. Ltd.. All rights reservedIndex by Keyword|Index by Datewww.economictimes.comFeedback |privacy policy|Conditions for utilisationIPictureAnnoncez with us document.write (unescape (' % 3Cscript src ='"+ (document.location.protocol == ' https: '"? ")))(https://SB":"http://b") +"des.scorecardresearch.com/beacon.js % 3rd %3C/script%3E")); COMSCORE.beacon ({C1, c2:6036484, c3: "', c4: '", c5: "', c6: '", c15: ""});

Unit of Suzlon for Euro 850 million in working capital. gains in stocks

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 00:37:00 +0000

Unit of Suzlon for Euro 850 million in working capital. gains in stock - Economic TimesYou are here: Homepage > Collections > unit of theConsortiumSuzlon for Euro 850 million in working capital. stock gainsECONOMICTIMES.COM April 9, 2014, 10:28 ISTEnergy| Tags: SuzlonShares|Senvion type|NSE|net worth|Insurability|Deutsche Bank|BSE(sa is a wholly...)

MUMBAI: Suzlon Energy shares jumped higher in trade after that its based in Germany a subsidiary that is-subsidiary Senvion has signed an agreement with a consortium of banks for plants bearing syndicated 850 million euros for the period of 3 years.

The consortium of banks headed by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG.

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This enables to move SE Senvion to secure follow-on financing at the beginning for the credit facility of EUR 750 million decided in may 2012 through August 2014.

"This facility improved with long tenure is important for the growth of the company and the over-subscription of even with the new additions to the consortium clearly reflects the strong confidence of the fundamental global banks of the business of the company" Marcus Wassenberg, Director financial of Senvion said.

09:25, the stock was at Rs 14.78, accounted for 5.87% on the BSE. He hit a maximum of Rs 14.90 and a minimum of 14.50 Rs commercially today.

Body {margin: 0px;}google_ad_client = \ "ca-pub-8415620659137418\"; google_ad_slot = \ "3278470286\"; google_ad_width = \ "640\"; google_ad_height = \ "110\"; google_ad_channel = \ "9126527482,1000001857, 1000000195\"; google_adtest = \ "off\"; google_safe = \ "high\"; google_hints = \ "gains in stock bearing credit facilities\"; google_max_num_ads = \ "2\"; google_override_format = true; google_page_url = \ "\ http://articles.economictimes.indiatimes.com/2014-04-09/news/48999852_1_stock-gains-working-capital-senvion-se"; "); document."Close ;})(); "frameborder ="0 "scrolling ne =" "width ="640"height ="110"> featured ARTICLES10 best tax saving investmentsInfosys CEO SD Samba has 700 + apartments in Seattle." Buy now in Berlin, Frankfurtdegrees of the engineering graduates in India to be recognized in 17 countries fromdegrees of engineering graduates in more: Indian to be recognized through 17 countries in countries10 steps to file your income tax return return first e-reader onlineIndia Wink unveiled, supporting 15 languagesFed warns of disaster if the debt of $14, 3 - trn does not limit raisedMalaysia Airlines MH17 : rebels agree to the area of security to Ukraine crash siteUkraine rescuers retrieve 181 body to Malaysia Airlines MH17 crash site body {margin: 0px;}google_ad_client = \ "ca-pub-8415620659137418\"; google_ad_slot = \ "4755203488\"; google_ad_width = \ "300\"; google_ad_height = \ "250\"; google_ad_channel = \ "9126527482,1000001857, 1000000195\"; google_adtest = \ "off\"; google_safe = \ "high\"; google_hints = \ "gains in stock bearing credit facilities\"; google_max_num_ads = \ "4. \"; google_override_format = true; google_page_url = \ "\ http://articles.economictimes.indiatimes.com/2014-04-09/news/48999852_1_stock-gains-working-capital-senvion-se"; "); document."Close ;})(); "frameborder ="0 "scrolling ne =" "width ="300"height ="250"> related ARTICLESSuzlon signs a Pact of mn loan 850 euros with the consortium of banks"
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Bayer CropScience shares hit 52-week high on buyback plans

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 00:34:00 +0000

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Bayer CropScience shares hit 52-week high on buyback plans - Economic Times You are here: Home>Collections>Equity SharesBayer CropScience shares hit 52-week high on buyback plansECONOMICTIMES.COM Jul 19, 2013, 01.15PM ISTTags:Stock|Shares|Security Buyback|Market|BSE|Bayer CropScience(Shares of Bayer CropScience…)

MUMBAI: Shares of Bayer CropScience surged higher in trade today after the company announced that the board of directors will meet on July 22, to consider a proposal for buy back of the equity shares.

At 12:50 p.m.; it was at Rs 1,724.45, up 4.10 per cent, on the BSE. It touched a high of Rs 1,769 and a low of Rs 1,705.10 in trade today.

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As per the BSE website, promoters hold 71.11 per cent stake, foreign institutional investors hold 5.27 per cent, domestic institutional investors hold 11.56 per cent stake in the company.

The stock has been on an upmove recently and gained over 17 per cent in the last 10 trading sessions.

body{margin:0px;}google_ad_client=\"ca-pub-8415620659137418\";google_ad_slot=\"3278470286\";google_ad_width=\"640\";google_ad_height=\"110\";google_ad_channel=\"9126527482,1000001854,1000000195\";google_adtest=\"off\";google_safe=\"high\";google_hints=\"bayer cropscience 52-week high equity shares buyback\";google_max_num_ads=\"2\";google_override_format=true;google_page_url=\"http://articles.economictimes.indiatimes.com/2013-07-19/news/40681395_1_buyback-plans-52-week-high-equity-shares\";");document.close();})();' frameborder="0" scrolling="no" width="640" height="110">FEATURED ARTICLES10 best tax-saving investmentsInfosys CEO SD Shibulal owns 700+ apartments in Seattle; now buying in Berlin, FrankfurtIndian engineering graduates' degrees to be recognised across 17 countriesMore:Indian engineering graduates' degrees to be recognised across 17 countries10 steps to file your income tax return onlineIndia's first e-reader Wink unveiled, supporting 15 languagesFed warns of catastrophe if $14.3-trn debt limit not raisedMalaysia Airlines MH17: Rebels agree to security zone at Ukraine crash siteUkraine rescuers recover 181 bodies at Malaysia Airlines MH17 crash site body{margin:0px;}google_ad_client=\"ca-pub-8415620659137418\";google_ad_slot=\"4755203488\";google_ad_width=\"300\";google_ad_height=\"250\";google_ad_channel=\"9126527482,1000001854,1000000195\";google_adtest=\"off\";google_safe=\"high\";google_hints=\"bayer cropscience 52-week high equity shares buyback\";google_max_num_ads=\"4\";google_override_format=true;google_page_url=\"http://articles.economictimes.indiatimes.com/2013-07-19/news/40681395_1_buyback-plans-52-week-high-equity-shares\";");document.close();})();' frameborder="0" scrolling="no" width="300" height="250"> Bayer CropScienceBSE NSE 1 803.80 -2.42 % -44.90Vol: 531 shares traded 1 818.85 -1.82 % -33.75Vol: 723 shares traded Prices|Financials|Company Info|ReportsRELATED ARTICLESEicher Motors approves equity buy-back plan
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Ranbaxy rallies nearly 10% on $3.2 billion deal with Sun Pharma

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 00:30:00 +0000

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Ranbaxy rallies nearly 10% on $3.2 billion deal with Sun Pharma - Economic Times You are here: Home>Collections>TradeRanbaxy rallies nearly 10% on $3.2 billion deal with Sun PharmaECONOMICTIMES.COM Apr 7, 2014, 09.29AM ISTTags:Sun Pharmaceuticals|Sun Pharmaceutical|Sun Pharma|Shares|Ranbaxy Laboratories Ltd|Ranbaxy Laboratories|Ranbaxy|premium|net worth|markets|Insurability|Drugmaker|Daichi Sankyo|Bombay stock exchange(The deal values Ranbaxy…)

NEW DELHI: Ranbaxy Laboratories Ltd rose as much as 9.8 per cent in morning trade on Monday after Sun Pharmaceuticals said that it will buy generic drug maker in an all-share deal with total equity value of $3.2 billion.

Ranbaxy (63.4 per cent held by Daiichi Sankyo Co Ltd) which is also India's No 1 drugmaker by sales was hit by regulatory snags in its key US market over quality issues.

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The deal values Ranbaxy shares at Rs 457 apiece, representing an 18 per cent premium to their 30-day volume-weighted average share price. Ranbaxy shares rose by nearly a quarter over the previous three sessions to close at Rs 459.55 on Friday.

At 09:20 a.m.; Ranbaxy Laboratories pared most of its morning gains and was trading 2.2 per cent lower at Rs 449.05. It hit a low of Rs 470 and a high of Rs 505 in trade today on the Bombay Stock Exchange.

Sun Pharmaceuticals was trading 1.2 per cent higher at Rs 578.90. It hit a low of Rs 576.25 and a high of Rs 583.75 in trade today.

"Sun Pharmaceutical said Ranbaxy shareholders will get 0.8 Sun Pharma shares for each Ranbaxy share. It added that the merged company will become the world's fifth-largest specialty generics company and the largest drug firm in India," Reuters reported.

"Daiichi Sankyo said in a statement that it will hold about a 9 per cent stake in Sun Pharmaceutical after the deal, which has been agreed to by the boards of both companies," added the report.

The combined entity will become the fifth- largest generic company in the world and the largest pharmaceutical entity in India. It will have 47 manufacturing facilities across 5 continents.

The combined entity will have increased exposure to emerging economies while also bolstering Sun Pharma's commercial and manufacturing presence in the US and India.

It will have an established presence in key high-growth emerging markets. In India, it will be ranked No. 1 by prescriptions amongst 13 different classes of specialist doctors.

body{margin:0px;}google_ad_client=\"ca-pub-8415620659137418\";google_ad_slot=\"3278470286\";google_ad_width=\"640\";google_ad_height=\"110\";google_ad_channel=\"9126527482,1000001854,1000000195\";google_adtest=\"off\";google_safe=\"high\";google_hints=\"equity value generics shares\";google_max_num_ads=\"2\";google_override_format=true;google_page_url=\"http://articles.economictimes.indiatimes.com/2014-04-07/news/48939394_1_ranbaxy-laboratories-ltd-ranbaxy-shares-sun-pharmaceutical\";");document.close();})();' frameborder="0" scrolling="no" width="640" height="110">FEATURED ARTICLES10 best tax-saving investmentsInfosys CEO SD Shibulal owns 700+ apartments in Seattle; now buying in Berlin, FrankfurtIndian engineering graduates' degrees to be recognised across 17 countriesMore:Indian engineering graduates' degrees to be recognised across 17 countries10 steps to file your income tax return onlineIndia's first e-reader Wink unveiled, supporting 15 languagesFed warns of catastrophe if $14.3-trn debt limit not raisedMalaysia Airlines MH17: Rebels agree to security zone at Ukraine crash siteUkraine rescuers recover 181 bodies at Malaysia Airlines MH17 crash site body{margin:0px;}google_ad_client=\"ca-pub-8415620659137418\";google_ad_slot=\"4755203488\";google_ad_width=\"300\";google_ad_height=\"250\";google_ad_channel=\"9126527482,1000001854,1000000195\";google_adtest=\"off\";google_safe=\"high\";google_hints=\"equity value generics shares\";google_max_num_ads=\"4\";google_override_format=true;google_page_url=\"http://articles.economictimes.indiatimes.com/2014-04-07/news/48939394_1_ranbaxy-laboratories-ltd-ranbaxy-shares-sun-pharmaceutical\";");document.close();})();' frameborder="0" scrolling="no" width="300" height="250"> RELATED ARTICLESRanbaxy, GlaxoSmithKline settle Valtrex dispute
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Irda fines Sahara India Life Insurance for violating norms

noreply@blogger.com (moulay) — Fri, 25 Jul 2014 00:26:00 +0000

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NEW DELHI: Regulator Irda has imposed Rs 5 lakh penalty on Sahara India Life Insurance Company Ltd for non-compliance of social sector obligations in 2012-13.

"The company has procured only 31,444 social sector lives against its mandatory target of 35,000 lives. Thus, there is a shortfall of 3,556 lives against its obligations in the eighth year of operation," Insurance Regulatory and Development Authority (Irda) said in an order.

This is considered violation of the provisions of certain sections of the Irda Act, it said.

"...a penalty of Rs five lakh is imposed on the life insurer for non-compliance with the provisions of the regulations. The life insurer is also directed to ensure compliance with the provisions of the regulations hereafter," the Irda order said.

In its response to the charges, Sahara India Life Insurance had acknowledged the non-compliance of Social Sector Obligations for the financial year 2012-13 and also submitted that they had been complying with the said obligations during prior to that.

The company attributed the shortfall in meeting the obligations to the downward trend in the overall business when compared to the previous years.

Owing to the overall downward business trend there is a shortfall in the social sector business, it said, adding that the social sector business constituted 48.49 per cent of the total business of the insurer in 2012-13.

The company had further said that it was taking various steps to grow overall business of the company (with special focus on rural and social sector business) in the coming years and will put special efforts to compensate the shortfall in obligations of 2012-13 in coming years, it added.

How to win a bidding war on a home

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 15:10:00 +0000

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But it's not always about who has the most money. Sellers will accept lower offers if it means less hassle.

"What sellers really don't want to do is waste time," said John Walsh, president of Connecticut-based lender, Total Mortgage.

That means getting pre-approved for a mortgage and having all your paperwork -- your pre-approval, proof of income, work history and bank statements -- in hand. It also helps to have your lender at the ready so you can act fast.

Related: Priced out: 'I can't afford a home in my town'

But first you have to beat out all of those other bidders.

Here's how you can win over a seller and get the house you want:

Pay with cash. The best way to get a seller's attention is with cold hard cash. That is, if you can afford it.

In fact, all-cash sales have become extremely common, representing more than 40% of recent sales.

Ever since the housing meltdown, getting a mortgage has become a longer and more arduous process. Securing a loan can take weeks -- and there is always the chance it will fall through.

With all-cash offers, sellers are sure the buyer is qualified, said Walsh. And they won't have to wait through a long, drawn-out loan approval process.

Depending on the market and the seller's situation, they may even accept a lower offer just because it's in all cash.

Get your mortgage ready in advance. Don't have a ton of cash to put on the table? Try pre-underwriting a mortgage instead.

With pre-underwriting, lenders take the pre-approval process a step further by reviewing all of the income and asset documentation that they would typically need to approve a mortgage.

Sellers look favorably on pre-underwritten offers because they don't have to worry that the buyer's mortgage application will be rejected. All that needs to be done after the contract is signed is to complete an appraisal.

Some lenders even offer a guarantee that if they can't complete the transaction because they made a mistake or if lending rules have changed, they will refund the buyer's deposit.

Be flexible (but not foolish) with contingencies. Contingencies are clauses that allow buyers to back out of deals if specified conditions are not met. A bidder will sign a contract to buy a home contingent on the appraisal coming in at or over the selling price, for example.

Another common contingency clause is the right to back out if you can't find a buyer for your home. In hot markets, buyers often waive this right because they figure it should be easy to sell their old home quickly. In less heated markets, you could get stuck paying two mortgages.

Related: Millennials squeezed out of buying a home

One contingency you should think twice about before waiving is the home inspection. Should the inspector discover a major problem, such as widespread termite damage or a badly cracked foundation, it could cost far too much to fix. You want to know that before making a commitment you can't back out of, said Nicholas.

Be first. See the home as soon as it comes on the market. That way, you can get your bid in early and preempt later offers.

Real estate website, Zillow, has a new service that can help. Its "coming soon," tool enables real estate agents to signal that they're about to put a home up for sale. Homebuyers can find these potential properties by neighborhood or city.

Agree to outbid everyone. Do you really want the place? You can outmatch every other bidder by creating a contract with a so-called "escalation clause."

The clause basically states that you will pay $1,000 or $10,000 more than whatever the highest bidder offers.

So if the seller gets an offer for $200,000, your bid will automatically jump to $201,000 if you have an escalation clause.

Related: 'I've been priced out of downtown Detroit'

The danger with escalation clauses is twofold. "You never really know if the other offer is real," said Wei Min Tan, an agent with Rutenberg Realty in New York. "Sellers can ask someone to submit an offer just to get the buyer to raise their bid."

The second problem is that the final home price may be a lot higher than the appraised value of the home. That could jeopardize the mortgage or force you to come up with a lot of cash to make up for the shortfall.

One way to prevent that from happening is to place a cap on the bid, offering to pay no more than 10% or 20% above the original asking price.

Using a cap means, however, that you may not end up with the home in the end.

First Published: June 13, 2014: 7:31 AM ET

Mansions for less $1 million

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 15:07:00 +0000

In 19th century New Bedford, the wealthy lived in comfortable houses climbing from the bustle of the port. This House was built in an area well kept houses wood in 1855, when the city was at the height of its wealth of the whaling industry.

The House is all angles and wings with gable, porches and seal roofs. The Interior is bright solarium, skylight, wooden floors and doors of handheld food. There is a house attached hosts, as well as a lush private garden with a brick patio, flower beds and shade trees.

It is in excellent shape, according to the REALTOR Collette Lester and priced at a fraction of what would cost the House reproduce today.

For more information: Trulia

The riskiest spots in the U.S.

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 15:02:00 +0000

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Best markets to become an owner

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 15:00:00 +0000

While rising home prices have dampened returns of landlords in some markets, other markets still offer many benefits.

And while the increase in home prices have dampened returns of landlords in some markets, other markets still offer many benefits, according to RealtyTrac, which has analysed rental market conditions in 370 main counties in the United States, including the median prices of homes, average rents and unemployment rate.

Major housing markets for investors in rental proipertiesWashington, D.C./Arlington, va. Source: RealtyTrac Act sales house prices data and local multiple listing Services. of the United States Department of Housing and Urban development fair market rents; unemployment data retrieved from Bureau of Labor Statistics of the US Labor Department.

For example, the owners in Anderson County, S.C., who rent out a median priced three bedroom home would be averaged returns of 15.3% - well above the average of 10%, RealtyTrac found. This is because the houses here are cheap at a median of less than $70,000, so that rents an average of $900 per month.

Houses a University and several auto parts makers for BMW, Anderson is part of the agglomeration of Greeneville and has a low unemployment rate of 4.3%, meaning demand is expected to continue to strengthen and help to add to future profits.

Related: Buy or rent: what you'll pay in 10 cities

Other sectors which offer to bang owners more for their money, which include County of Woodbury. Median prices of homes in the region, which includes the conurbation of the city of Sioux, were a low $ 84 250 so that rents averaged $914 per month. That translates into a rental return of about 13% to the owners.

While the low unemployment rate is owners a factor must find all in assessing a market, RealtyTrac has also suggested that investors take the demographics of an area has also, especially when it comes to baby boomers and generation y.

"Many individuals in two of these demographic groups are at the heart of the life of great changes that often involve changes in housing, something that smart real estate investors should take into account when you decide when and where to buy or sell," said Daren Blomquist, vice president of RealtyTrac.

Markets where these populations are booming should produce solid returns for investors in the future, he said.

Related: Villas for sale, dream Beach

For baby boomers, born between 1945 and 1964, the easy retirement in Florida markets are predictable hot, RealtyTrac found. Some local markets have seen their boomer populations grow by 20% or since 2007.

The Tampa-St. Petersburg - Clearwater, Florida, metropolitan area in top of the list among the markets where rentals boomers are... EH well, booming.

Markets millennia, on the other hand, were scattered throughout the country. RealtyTrac cited metropolitan areas, Baltimore, Philadelphia, Jacksonville, Florida and Atlanta as major markets for rental for this age group.

Several small markets are also good Millennium Paris as Fayetteville, North Carolina and Virginia Beach/Newport City News, Virginia.

First published: 3 July 2014: 3 pm 41 et

Home prices jump nearly 11% in April

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:55:00 +0000

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Still, they are 18% below the peak set in July 2006, according to S&P/Case-Shiller. And price gains are slowing.

"Although home prices rose in April, the annual gains weakened," says David Blitzer of S&P Dow Jones Indices. "Last year some Sunbelt cities were seeing year-over-year numbers close to 30%, now all are below 20%."

Low mortgage rates, which the Federal Reserve is expected to keep reined in through mid-2015, and gains in the job market should continue to help the housing market, according to Blitzer.

But don't get too comfortable.

Home sales are being supported by all-cash buys and low supply, said Blitzer. And he says qualifying for a mortgage is still a problem.

"First time home buyers are not back in force," he said.

Related: Dream beach houses for sale

First Published: June 24, 2014: 9:09 AM ET

Land grabbing: rich Chinese are tear America real estate

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:50:00 +0000

Chinese buying has increased by more than 70% to $22 billion - nearly 1/4 dollars of all foreign purchases, according to the National Association of Realtors.

Canadians are indeed no. 1 in terms of total purchased homes, but the Chinese buy much more expensive houses: an average price of $ 591,000.

The Chinese also bring big money to the table: more than three quarters of their purchases buy cash.

California is the largest market for the Chinese, representing one-third of their purchases.

The State of Washington, however, is quickly coming, or 9% of purchases. It is followed by New York, Pennsylvania and Texas.

Related: Top 10 cities for Chinese buyers

Why do they buy? Only 39% of Chinese buyers said that they intend to use their purchases as their principal residence.

Some may buy condos for their children of U.S. colleges dealing with. They hope that, in addition to save on dorm costs, they can benefit from the price appreciation House where students graduate.

Others become owners, buying homes at low prices in economic pockets distressed as Detroit and landlords.

Others still use the homes as vacation properties a couple of weeks a year and rented the rest of the time.

In addition to the tide of Chinese and Canadian buyers of the Mexico, the India and the United Kingdom completed a list of five albums. The India also had a notable jump in money - growth of 48%.

Related: Buy vs. rent - what you'll pay in the 10 largest cities

Related: Promising cities for wealthy real estate investors

First published: 8 juillet 2014: 10: 11 et

House hunting? Download these applications first

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:47:00 +0000

"There has been a revolution in innovation," said Alex Periello, CEO of Realogy Franchise Group, which has sponsored a conference last month with several new technologies in real estate.

Matterport, Mountain view, California, recently unveiled 3D Showcase, which produces high-quality images, 3-d houses that can be embedded in the ads online. Users can walk virtually piece by piece, behind sofas, around beds and past the corners. (For an example, click here.)

Related: less 10 pointed Out cities

Then, at a click of a button, walls peel away from revealing a photographic image of the House with all exposed areas. 3D image can be turned, rotated and zoomed in on.

CEO of Matterport, Bill Brown, said that, so far, list of sites usually contain slideshows of photos but, 'did there were no namespace context as a whole."

Furniture can be erased, leaving empty space. Or, it can be replaced with other furniture to re - organize the rooms. Buyers can see what would look like the place after having buy and put in sofas, chairs and a table they choose.

"This is part of the dream of hunting of the House and takes it to the next level, said Sherry Chris, CEO of Better Homes & gardens Real Estate."

Related: Can how much house you afford?

Meanwhiles, to avoid open houses crowded where you can not get a response to your questions, or agents who do not know the property, a company called BrightDoor offers Beamly.

It uses small Bluetooth devices located throughout the House to send information through their mobile phones or other devices home shoppers. When a buyer goes in the kitchen, for example, they can learn about the devices or the wood cabinets options at their disposal.

With Boston CO Everywhere, users with equipped with Bluetooth mobile devices can draw borders around the interactive maps of the districts, they want to enter, and the site will display a table of the contents of local social media Twitter, Instagram, and Facebook in this region. She also posts of the local Meetup and treaty events and coupons to local businesses through sites like YipIt.

"It's like the NSA for real estate," said Tony Longo, CEO of CO everywhere.

Calculator: cost of living: how far will my salary go?

Longo has called a zone of two blocks of Greenwich Village in New York and found 49 people, he was able to connect with at this time. "Social intelligence that comes out of a zone can be rich," he said.

Zumper, which specializes in the rental, has produced Zumper Pro app that helps agents quickly create ads online in a few minutes. Officers using their smartphones or tablets, can take pictures, write descriptions and fill in the details, such as the number of bedrooms, bathrooms and square feet.

Then, even before leaving the apartment, agents can validate the registration online and send alerts to potential tenants with the $ $ app a new place is on the market.

First published: 8 July 2014: 6: 54 et

Damaged home? How to get an insurer to pay up

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:42:00 +0000

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What are the chances your home will get damaged by a tornado, hurricane, earthquake or fire? RealtyTrac crunched the data in more than 3,000 counties nationwide to find out.

And now some insurers are looking for ways to limit their losses by denying claims and sticking homeowners with the bill, said David Barrack, executive director at National Association of Public Insurance Adjusters. "They've gone from 'good hands' to boxing gloves," he said.

Some insurers may write policies with exclusions that absolve them from paying for certain damages or use legal jargon that's difficult to understand, said Chris Maranges, a Miami-based attorney with Higer Lichter & Givner, who represents homeowners in property insurance litigation.

The insurance industry refutes such claims. "Insurers strive to pay all legitimate claims as rapidly as possible," said Robert Hartwig, president of the Insurance Information Institute, an industry trade group. He also noted that policyholders are protected by laws in all 50 states.

Here are some steps you can take to help make sure you get paid when filing a property claim.

Document your holdings: Technology has made it easy to keep track of your belongings -- and the condition of your home.

Now, you can do a walk through with your smartphone and take photos or videos of your furniture, electronics, appliances, everything of value, including the home's physical features. Then email the visual evidence to yourself so you won't lose it.

Related: Which natural disaster will likely destroy your home?

Pay particular attention to documenting architectural details, said Maranges. Many policies have exclusions that enable insurers to turn down claims for wear and tear. If a roof is in poor condition, for example, and gets blown off in a storm, the insurer can say it was not maintained and it won't pay for the resulting water damage.

Keep records of previous repairs and maintenance so you can prove that the windows, roof, siding and other home features were in good shape. You can even take photos of these records in case you lose the hard copies in a disaster.

Move fast. Gather information as quickly and completely as possible. Try to make sure you uncover and document every bit of damage.

Many policies require prompt and early notice of a claim, said Maranges. In some cases, insurers may deny claims that were discovered later.

Especially in the case of disasters that cause widespread damage, it helps to contact insurers early on so you're at the top of the adjuster's list.

Prevent further damage -- but don't disturb the evidence: Board up broken windows, but don't start cleanup or other significant work until after the insurance adjuster comes.

Do not throw out damaged belongings until they have been examined and recorded by your insurer. That carpet that was ruined when a pipe burst may be a moldy mess but resist the urge to kick it to the curb until the adjuster gets there and tells you it's okay to dispose of it.

Also, if you have to live in a hotel for a while, or a rental apartment, keep the receipts. Those expenses should be reimbursed.

Consider hiring a public adjuster: If the claim is large, you might want to hire a public adjuster.

Public adjusters work for policyholders, not the insurance company. Typically, they are veterans of the insurance industry or they worked as contractors or engineers. In most cases, they are paid with a percentage of the claim, usually 5% to 15%.

Related: For sale -- dream beach homes

They can prepare objective estimates and describe the extent of the losses to the insurance adjuster. And they can help you withstand pressure from insurers to settle, said Maranges.

Often, policyholders accept low-ball offers from insurers because they don't know what they're entitled to, don't realize how much repairs cost or they're just worn down.

If all else fails, get help: If your claim is turned down, you can lodge a complaint with your state regulator.

Otherwise, Maranges advises that you hire an attorney to take a look at the denial letter. And if you succeed in proving your claim it doesn't have to cost you too much money.

In some states, like Florida, courts may order attorney fees be paid by the insurance company if the plaintiffs succeeds. That could mean $10,000 in legal fees on a $5,000 claim.

"That empowers homeowners," said Maranges.

First Published: June 19, 2014: 8:11 PM ET

6.5 million homes threatened by storm surges

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:37:00 +0000

Given that beachfront homes are among the most valuable properties along the coasts and also in the front line of incoming storms, the costs associated with these floods are also high.

5 States with the highest potential reconstruction costsSource: analysis of surge storm CoreLogic 2014

Flooding caused by storm surges represent a collective $1.5 trillion in potential costs of reconstruction, said the CoreLogic.

Partners: For sale - dreams of the beach houses

When tropical storms strengthen, their winds and low pressure causes collect water. The water body may hit the coast and the surge on the lowlands.

Even when hurricanes are not in the highest category, storm surges occur, warns Thomas Jeffrey, a scientist of high risk for CoreLogic.

Related: Wilder weather, small losses in 2013

The forecasts for this season are for a little less thunderstorm activity than normal.

"But the early arrival of Hurricane Arthur July 3 is an important reminder that even a hurricane of category-low or strong tropical storm can create powerful riptides, the modest floods and causes significant destruction of property," he said.

Superstorm Sandy is an excellent example. At the time wherever it struck the coast of the Atlantic in 2012, it did not meet even the definition strict of a hurricane, but all managed to make an estimated $68 billion in damage from the wave of water, that it caused along the coast line. Only Katrina, the natural disaster in American history, are more expensive.

Related: What natural disaster is likely to destroy your House?

There are 19 States in the paths of storms in the Atlantic and the Gulf.

Densely populated Florida, with its altitude shallow, is most at risk. There are 2.5 million homes that could be hit with a cost of potential damages of almost $500 billion.

Other vulnerable States are Louisiana, where 750,000 homes are at risk, New York had 466 919 homes, New Jersey 445 928 and Texas 434 421.

First published: 10 juillet 2014: 10: 47 et

The housing market is a "crapshoot".

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:34:00 +0000

Karl "chip" case is an economist whose name is synonymous with real estate prices. He is the co-creator of of S & P/Case-Shiller home price indices much watched with Bob Shiller, who won the Nobel Prize in economics last year.

"You have much more negative vibrations in surveys of housing on the home ownership that we ever," case told CNNMoney. "I think that it is because people have washed down. They thought that the housing prices never go down. "This is just bull - you know what."

At the age of 67 cases still vibrates broadband data with the kind of enthusiasm that most people use to recite the words of the popular song on housing. For case, the key metrics to monitor is under construction, a measure of the residential new home construction.

Related: A housing-based Millennium boom happen?

The housing starts figures were 'incredibly regular' 50 years, ranging between 1 million per month (annualized rate) the not so great time and 2 million during peak economic periods.

"Whenever it happened below 1 million in the past, it came right away," said case. Every time except the great recession.

Housing starts dropped below 500,000 for several months in 2009, an unthinkable level. And they have been slow to bounce back. They finally eked above the million in April, but it is not the case, if it's a real turning point.

He calls the market of the real estate 'segmented' these days. It is therefore more a guarantee of real estate prices will go across the country. This occurs only in certain places at certain times.

Karl 'Chip' case - the case of the Case-Shiller index - said only to buy a House for long distances. (Photo courtesy of Wellesley College).

On the demand side of the equation will also be key. Generation y will actually buy houses? Continue to foreign buyers?

"The Chinese come here with millions and billions of dollars, and they want to spend on assets that tend to hold their value. And at least the theory is that housing does. But it is far from what it was in 2004,"case notes.

The case given to first-time homebuyers are familiar to most. Make sure that you can afford the House and don't expect a quick profit.

"If you don't buy it for the long haul, not to buy because there is good chance that you'll have to attend some cycles down." "" But when he goes, it is very well", he said.

Related: Best markets for becoming an owner

Case studied intensively housing. But it is not only an academic. He owns a House too. He still remembered the House, bought in 1976 for $ 54,000, and sold years later for $240,000. Another home in the Boston area, he bought for about $ 375,000 is now worth 1 million.

But same case is not always call trends housing correctly, at least in the short term. The Commission considers that another property that he has lost almost half of its value during the economic downturn. For now, it is now.

Probably his best shot of property, however, is its place of permanent stationing at the federal reserve of Boston - which is close to Fenway Park. It has had since the end of the 1980s and uses it when he goes to see his beloved Boston Red Sox play.

First published: 7 July 2014: 6: 08 et

Has been my home a good investment?

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:32:00 +0000

Price range: $10,000 to $20,000 to $30,000 to $50,000 $100,000 $130,000 to $150,000 to $200,000 to $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 to $550,000 to $600,000 to $700,000 to $750,000 $650,000 $800,000, $850,000, $900,000, $950,000 $1 m $1.1 M $1.2 M $1.25 M $1.4 M $1.5 M $1.6 M $1.7 M $1.75 M $1.8 M $1.9 M $2 m to $2.25 M $2.5 M $2.75 M $3 m $3.5 M $4 m $5 m to $10 m to $20 m to $10,000, $20,000 or $30,000 to $50,000 $100,000 $130,000 to $150,000 to $200,000 to $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 to $550,000 to $600,000 to $700,000 to $750,000 $650,000 $800,000, $850,000, $900,000, $950,000 $1 m $1.1 M $1.2 M $1.25 M $1.4 M $1.5 M $1.6 M $1.7 M $1.75 M $1.8 M $1.9 M, 2 m $ $ 2.25 M $2.5 M $2.75 M $ 3 m $3.5 M $4 m $5 to $10 m to 20 m $ Max

More homeowners becoming landlords

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:28:00 +0000

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AppId is over the quota
Juliana Ruiz and Mauricio Jimenez bought a bigger home nearby and have been renting out their former home for over a year.

"Clients tell us all the time, 'We're never going to sell our home, even after we buy a new one,'" said Glenn Kelman, CEO of the brokerage, Redfin.

Susan Young of Lawrence, Kan., refinanced the mortgage on her house in 2013, landing a 3.25% rate on a 30-year fixed loan. She bought another house but has not put her old home on the market.

"If the interest rate was high, I'd sell," she said. "But this is such a perfect loan package, I just can't bring myself to give it up."

She gets $1,100 a month in rent, several hundred dollars more than her expenses, and is using the profits to pay off her mortgage.

Related: Buy vs rent: What you'll pay in 10 biggest cities

Redfin reports that 19% of current homeowners either purchased or refinanced homes between 2011 and 2013 -- when rates were historically low falling just below 3.4%.

Chris Cannon and his wife currently live in Mt. Lebanon, Pa. and plan to move to start a family. But he will a hard time letting go of his home.

"It would be incredibly hard to give up the 3% mortgage we have," he said. "When we bought in November 2012, rates were at the bottom -- about 3.4% for a 30-year -- and we paid a couple of points to get ours down to 3%."

He figures he can rent his home in Mt. Lebanon for $1,400 to $1,500 a month, easily covering his mortgage payment and taxes which total $1,100 a month.

The math works in most landlords' favor these days. Rents have risen by about 20% nationwide since mid-2006, the housing bubble peak, while home prices are still about 21% below what they were at that time.

For people who are still underwater on their mortgages and unable to profit from a sale, renting helps soften the blow.

Related: Millennials squeezed out of buying a home

Juliana Ruiz and her husband Mauricio Jimenez bought their three-bedroom Pembroke Pines, Fla., home for $362,000 in June, 2005 when the market was red hot.

They opted for an adjustable rate mortgage, which turned out to be a great deal: rates have plunged, as have their mortgage payments. Now, they pay a 2.75% rate and owe $250,000 on the home, which is worth about $300,000 thanks to a recent surge in home values.

But since they now have three children and both Juliana and Mauricio work mostly from home, they needed more room.

They bought a six-bedroom home nearby and have been renting their old place out for a year.

"The local real estate market allows me to cover the mortgage and small incidentals with the rent collected," said Ruiz. "At the same time, my property value is increasing."

If the mortgage rate starts to climb, they'll consider selling. By then, they hope they will be able to sell for a profit.

Of course, there are downsides to becoming a landlord. Owners have to make repairs, deal with tenants and cover expenses, even when the property is vacant.

"[Being a landlord is] definitely not for someone who hates spending money on plumbing repairs and new locks," said Young.

Related: How to win a bidding war on a home

And some tenants can be demanding, say if the water isn't hot enough or the air conditioning not cold enough.

"Tenant happiness is important to me and I try to give them whatever they ask for -- within reason," she said.

The surge in landlords is working out well for most owners, but it is taking a toll on the housing market, according to Kelman. Every home converted into a rental property is one less that goes on the market. And in hot real estate markets these days, very few homes are up for sale.

"It's a major reason we have low inventory and limited sales growth," said Kelman.

First Published: June 17, 2014: 6:49 AM ET

10 Most Stressed Out Cities

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:23:00 +0000

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AppId is over the quota

Living in New York can be a lot of work.

Despite enjoying some of the best public transportation in the country, New Yorkers spend more time getting to work each day -- at an average of nearly 40 minutes one way -- than commuters anywhere else in the country. They also log in more hours at work once they get there than workers in most other areas.

And that's not all: Sky-high housing costs, which are more than double the national average, eat up a big chunk of most residents' budgets. Combine that with a high cost of living, as well as above-average poverty and unemployment rates, and that means more people are struggling to get by.

See the full Stressed Out Cities list

On the plus side, crime has fallen significantly in recent years as a result of aggressive policing policies. Now, New York's property crime rate is among the lowest per capita, and the murder rate is also below average for the places analyzed, which has helped make residents feel a lot more secure.

Share your story: What makes your city a #StressedOutCity?

New York also offers a variety of free stress-relieving activities, such as free yoga and pilates classes in the parks. "If you think and you plan, you'll reduce your stress," said Helana Natt, executive director of the Greater New York Chamber of Commerce.

Owning a home no longer the American Dream

noreply@blogger.com (moulay) — Wed, 23 Jul 2014 14:18:00 +0000

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AppId is over the quota

Nearly two-thirds of Americans, or 64%, believe they are less likely to build wealth by buying a home today than they were 20 or 30 years ago, according to a survey sponsored by non-profit MacArthur Foundation. And nearly 43% said buying a home is no longer a good long-term investment.

"Americans no longer see homeownership as a secure path to building equity and wealth," said Geoff Garin president of Hart Research Associates, which conducted the survey of 1,355 adults.

"That has made them more willing to think fresh about their housing options," he said.

Related: The American Dream is out of reach

A majority of respondents said they believe renting is more appealing than buying -- and that renters are just as likely to be successful financially as someone who owns a home.

During the first quarter, the homeownership rate dipped to one of its lowest levels in almost two decades, according to the Census Bureau.

Related: America's growing housing affordability gap

Historically, owning a home has been considered an essential part of achieving the American Dream.

However, the housing bust, with its explosion of foreclosures, changed all that.

"People believed if you reached the middle class, you didn't have to make the difficult decision of renting or buying without falling behind on credit card payments or health care bills," said Garin.

Related: Priced out: 'I can't afford a home in my town'

And even though many experts say the housing market is recovering, many Americans aren't buying it.

The survey found that 70% of Americans still believe we are in the midst of the crisis and nearly 20% think the worst is yet to come.

That's because many Americans were impacted directly by the economy and the housing bust and are still struggling to get by.

Related: Buy vs. rent: What you'll pay in 10 largest cities

More than half of those surveyed said they had to take on an additional job or work extra hours, stop saving for retirement, accumulate credit card debt or cut back on health care in order to afford their housing payments at least once over the past three years.

"Concern about the housing market is very personal," said Garin.

First Published: June 4, 2014: 7:04 AM ET