Bloomberg Mid-America Apartment Communities Inc., a real-estate investment trust, is close to a deal to buy Post Properties Inc. for about $4 billion as demand for rental properties booms, The Wall Street Journal reported. Post Properties shareholders will get 0.71 share of new MAA stock for each share in a deal, according to the newspaper’s website, which cited people ...
Read More »Admin
Singapore home sales at highest in a year as prices drop
Bloomberg The number of new homes sold in Singapore rose to the highest in a year in July, with buyers snapping up new projects after almost three years of price declines. Developers sold 1,091 units last month, compared with 536 in June, according to data released Monday by the Urban Redevelopment Authority. That’s the highest since July 2015, when ...
Read More »Extell’s NYC luxury condo project gets needed cash
Bloomberg In a bid to keep its planned Central Park Tower afloat, Extell Development Co. agreed to a deal that might one day force it to part with the luxury condo project. A joint venture with China’s SMI USA to build the $3 billion skyscraper on Manhattan’s Billionaires’ Row comes with a deadline: If a construction loan isn’t obtained ...
Read More »Lock picking your way to cyber-security
AP Lock picking might seem ridiculously old-fashioned at a cyber-security gathering — but learning it can actually help people protect machines from digital threats. As security improves to block remote attacks over the internet, hackers look for ways to deliver malicious software physically instead — for instance, by breaking into a company’s data centers. Like cracking a digital system, ...
Read More »Attain contentment via smartphone ownership
Relaxnews New research from JD Power regarding smartphone satisfaction finds that the people most likely to constantly upgrade their handset are also the most content with their phones, at least for the short period of time that they are actually in their possession. “It’s surprising to learn that the expected length of mobile device ownership can influence the purchase ...
Read More »Bulls and bears collide as ‘China’s Twitter’ surges to record
Bloomberg Weibo Corp. has more than doubled this year as steady user growth and an improved sales outlook have lured investors to the Chinese social media. Short sellers are becoming increasingly convinced the stock has peaked. Bearish bets on Weibo, the Asian nation’s answer to Twitter Inc., are at the highest ever, even after the company reported earnings that ...
Read More »Livestreaming apps beyond Facebook Live
AP Live video is growing more popular as a way for families to share big moments with faraway loved ones and for artists and athletes to connect with fans. Livestreaming has also made the news in recent weeks as House Democrats used Periscope to broadcast a sit-in over gun control after the Republican majority cut off television cameras. It ...
Read More »Pakistan rock climbers scale new heights
AFP A dozen young men and women stand before a rock face on the outskirts of Islamabad, challenging and cheering each other on as they take turns scrambling up the limestone in front of curious onlookers. The country has long been a magnet for mountaineers, drawn by the grandeur of regions like Gilgit-Baltistan, where three of the world’s greatest ...
Read More »Inside the world of concours
Relaxnews What makes a car go from collecting dust and rust to becoming collectible? Is it rarity, performance, aesthetics, pop culture clout or is it really all down to individual taste? For the world’s oldest carmakers, the definition is simple. “When a car has been out of production for 10 years we define it as a classic,†explains Jaguar’s ...
Read More »UAE leaders greet Pak President on I-Day
ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, sent a congratulatory cable to the President of the Islamic Republic of Pakistan, Memnon Hussein, on the occasion of his country’s Independence Day. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness Sheikh Mohamed bin ...
Read More »