Sam Zell

WASHINGTON, Sept. 30 /PRNewswire/ -- Leading short sellers, CEOs and financial regulators will assess the implications of the global financial crisis and other long-term challenges at the annual fall meeting of the Council of Institutional Investors (CII) Oct. 5-7, 2008 at the Hilton Chicago. The theme of the conference is "Thinking Long-Term." Gary Stern, president of the Federal ...

SAN DIEGO--(BUSINESS WIRE)-- The following is an opinion editorial provided by Chet Billingsley, CEO of Mentor Capital, Inc. PART I - HOMES: Starting in 1995, rules were changed and federal agencies were encouraged to loan to not only the rich, and financially qualified, but also to everyone else. Since not much economic support was required for a loan, LTV ratios for many borrowers were allowed to climb to 98% or even 105%. The easy credit resulted in grand homes with equity tapped for cars, toys and a nice lifestyle for many. A recent downward shift in the perceived value we place on having a big home relative to gas, bread and savings caused the price we assigned a typical house, that had bubbled up 100%, to now lose 20% of its inflated value. The unqualified and over-leveraged slipped into trouble. To alleviate the tax pain felt by the those who got themselves ...

CHICAGO, Sept. 17 /PRNewswire/ -- Tribune Company today issued the following statement from Chairman and Chief Executive Officer Sam Zell: "The lawsuit filed yesterday is filled with frivolous and unfounded allegations, and I hope every partner in this company is as outraged as I am at having to spend the ...

MCLEAN, Va. & CHICAGO--(BUSINESS WIRE)-- Gannett and Tribune Company announced today that Gannett has acquired an additional 10 percent stake in CareerBuilder from Tribune for $135 million. The acquisition gives Gannett a 50.8 percent controlling interest in CareerBuilder, the U.S.'s largest online job site. "CareerBuilder is a terrific company, with great growth potential that just keeps delivering more for Gannett and our partners," said Craig Dubow, chairman, president and chief executive officer of Gannett Co., Inc. (NYSE: GCI). "We were delighted when the opportunity arose to acquire more of the company while maintaining ...

CHICAGO--(BUSINESS WIRE)-- Equity International, the privately-held investment company focused on real estate-related businesses operating outside of the United States, announced today the closing of a $100 million commitment in AGV Logistica, a privately-held logistics company based in Sao Paulo, Brazil. With this investment, Equity International now has four portfolio companies in Brazil. Founded in 1999, AGV develops and executes highly flexible and customized integrated logistics solutions for its clients. The Company has enjoyed strong growth rates since inception, managing storage and materials transportation for leading national and multinational clients across a spectrum of industries within Brazil, including animal health (where it is the acknowledged market leader), as well as animal feed, chemicals, human ...