NorthStar Asset Management hires Goldman Sachs to explore strategic options

NorthStar Asset Management Group Inc. said Monday it has hired Goldman Sachs to advise it as it explores its strategic options. “We believe our current share price undervalues the company, Chief Executive David Hamamoto said in a statement, adding the board is “aggressively” seeking ways to maximise shareholder value. Shares rose 3% premarket, but are down 52% in that last 12 months, while the S&P 500 has lost 6%.

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From:: Stock Market News

Shire agrees to acquire Baxalta in $32 billion deal

Shire Plc said Monday it has agreed to buy Baxalta inc. in a deal valued at about $32 billion. Shire will pay $18 in cash and 0.1482 of its American Depositary Shares per Baxalta share, representing a premium of 37.5% over Baxalta’s share price on Aug. 3, 2015, when Shire first made an offer for the company. The deal is expected to close by mid-2016 and to give Baxalta shareholders a 34% stake in the new company. “This proposed combination allows us to realize our vision of building the leading biotechnology company focused on rare diseases,” Shire Chief Executive Flemming Ornskov said in a statement. Baxalta shares rose 2.5% premarket, while Shire shares were up 0.4%.

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From:: Stock Market News

Apollo Education hires Barclays, Credit Suisse to explore strategic options

Apollo Education Group Inc. said Monday it has retained Barclays and Credit Suisse to advise it as it explores its strategic options. The private education company said it is currently in talks that could lead to a change of control of the company. “The board believes that these actions will support and accelerate Apollo’s strategic initiatives, which include the continued growth and investment in Apollo Global and the continuation of the University of Phoenix’s transformation plan to further enhance student outcomes and provide outstanding, career relevant higher education for working adults,” the company said in a statement. Shares were indicating higher premarket, but are down 75% in the last 12 months, while the S&P 500 has fallen 6%.

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From:: Stock Market News

Apple’s stock jumps after analyst turns bullish

Apple Inc.’s stock jumped 1.1% in premarket trade Monday, after the technology giant was upgraded at Mizuho Securities, which said it believes the recent selloff has left investors with “meaningful” upside potential. Analyst Abhey Lamba raised the rating to buy, after being at neutral for the last year. “While we acknowledge weaker data points from the supply chain and softness in China, we believe similar to last year, investors are likely making a mistake in extrapolating the data to eternity,” Lamba wrote in a note to clients. Lamba’s new stock price target of $120, which was cut from $125, is 24% above Friday’s closing price of $96.96. The stock has tumbled 19% since the end of October through Friday, while the Dow Jones Industrial Average has lost 7.5%. Separately, Susquehanna Financial analyst Chris Caso cut his stock price target to $140 from $155, but reiterated his positive rating, saying the stock has “hopefully” neared a bottom.

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From:: Stock Market News

Legendary musician David Bowie dies aged 69

Singer-songwriter David Bowie has died at the age of 69 after suffering from cancer, according to an official statement on Monday. “David Bowie died peacefully today surrounded by his family after a courageous 18 month battle with cancer,” the statement, dated Jan. 10, on Bowie’s official Facebook account said. The influential music artist’s death comes only days after the release of his 25th album, “Blackstar,” on his birthday on Jan. 8. The British singer, whose career spanned more than 40 years and included hits such as “Let’s Dance” and “Space Oddity,” was known for the varied persona he adopted, from the androgynous Ziggy Stardust to the Thin White Duke. He worked in a range of music styles, from glam rock to electronica. Born David Robert Jones, Bowie also worked as an actor, appearing in movies such as “The Man who Fell to Earth” and “Zoolander.”

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From:: Stock Market News

U.S. Jobs Report Slams Expectations

In 2015, American employers added 2.65 million jobs, the second best year of jobs gains since 1999, according to a recent employment data report. In December alone, 292,000 jobs were thrown into the mix. Earlier in the year, analysts had predicted the economy would add 200,000, so the actual numbers proved to power out expectations. […] …read more

From:: Finance and Economy

How to Avoid a War with the Neighbors

By U.S. News

Hispanic referee between arguing neighbors

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A disagreement between neighbors can escalate quickly. One minute you’re mowing your lawn, the next you’re plotting revenge on the homeowner next to you for parking his car on your freshly cut grass.

“You hear about neighbors chasing each other down with spades and all sorts of weird things,” notes Nick Hall, director of the Dispute Resolution Center of Harris County, Texas, which offers mediation for civil disputes, including neighborhood problems.

It doesn’t serve you well to pick a fight with the people who live on the properties surrounding yours, and especially not when you’ve just moved in. But it can be all too easy to start off on the wrong foot with a neighbor, and it can haunt you for years to come. (Another strategy: Check out the neighbors before you buy the house.)

While you don’t have to be the next Lucy and Ethel, you and your neighbors should be able to get along amicably enough to avoid major disagreements when it comes to what you each do with your properties. Follow a few simple guidelines to get on your neighbor’s good side from the start.

Introduce Yourself

You’re not required to bring a casserole, but a knock on the door and friendly handshake will go a long way. It’s harder for your neighbors to make assumptions about you when you approach them with a friendly greeting — and it’s not as easy for them to hate you when they think you’re just so darn sweet.

“Don’t have the first contact with your neighbors be when you need something, or when you have a complaint,” says Stuart Watson, a staff mediator at Resolutions Northwest, a center for dispute resolution in Portland, Oregon. “Build some kind of relationship first, so that when you do want to remodel your garage into a spare rec room … you’re not coming up to somebody you don’t know with demands.”

If you’re moving into a community with a homeowners association or other kind of neighborhood group, Hall says it’s a good idea to attend the first meeting you can and start the relationships early. You can even go as far as offering to organize a community event. “Everyone likes potlucks, so why not do a block party or a street party and invite everyone?” Hall says.

Know the Rules

Everyone wants to think they’re right, but before you do anything to your property, be sure you’re following the neighborhood or municipal rules when it comes to construction, noise and other hot buttons for cranky neighbors.

Reading up on the community’s regulations should happen even before you buy the property, says Brad Aldrich, senior attorney at Aldrich Legal Services in Plymouth, Michigan, who specializes in real estate law, among other areas. Especially if the home you’re buying is part of a homeowners or condo association, be sure any construction or landscaping you do on your property doesn’t put you in the wrong.

“Forget bothering your neighbor — if you wanted to put in a pool, …read more

From:: Buying and Selling