TrizecHahn buys four U.S. office towers

Article Abstract:

TrizecHahn Corp. will acquire four office towers in the US for US$275-million. The acquisition is part of the company's plan to invest C$1.2-billion in US properties. According to company spokeswoman Tabb Davis, the C$1.2-billion, which the company gained from the sale of its US shopping mall portfolio, is being spent in the US to avoid capital gains taxes. Besides, buying US properties would fit in the company's strategy of dominating certain US markets. So far, the company has spent only C$355-million of the proceeds.

Comment:

Will acquire four office towers in the US for US$275-million

Facilities & equipment, Real Estate Agents, Brokers, Managers, Real Estate, Real estate agents, Real estate management, TrizecHahn Corp., Article

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MasterCard funds MIT e-commerce work

Article Abstract:

The Massachusetts Institute of Technology has received a $5 million donation from Purchase, NY-based MasterCard International Inc. MIT will use the funds to develop e-commerce systems.

Colleges & Universities, Colleges, Universities, and Professional Schools, Use of Funds, Colleges and universities, Product development, Finance, Universities and colleges, Electronic commerce, E-commerce, Massachusetts Institute of Technology

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Citigroup snaps up CT Financial's Mastercard business

Article Abstract:

Citigroup Inc. increases its share in Canada's credit card market by acquiring the Mastercard business of CT Financial Services.

Canada, Asset sales & divestitures, Financial Services, Finance and Insurance, Mergers, acquisitions and divestments, Financial services industry, Citigroup Inc. (New York, New York), C, CT Financial Services Inc.

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