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Jp Morgan Fleming Asset Management

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BUSINESS
August 4, 2004 | From Bloomberg News
Mills Corp., a developer and manager of shopping malls, and real estate investor KanAm agreed to sell a 50% stake in an Ontario shopping mall to a JP Morgan Fleming Asset Management fund for about $243 million. KanAm will sell its entire 35% stake in Ontario Mills, while Mills Corp. will sell a 15% interest, Arlington, Va.-based Mills said. The transaction, which includes the fund's assumption of $73 million in debt, probably will be completed later this month, Mills said.
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BUSINESS
September 2, 2004 | From Reuters
J.P. Morgan Chase & Co., the second-biggest U.S. bank, said its U.S. mutual fund group would absorb Bank One Corp.'s mutual fund unit in February, after J.P. Morgan paid $57 billion for Bank One last month. George C.W. Gatch, 41, who has been president of the J.P. Morgan fund operation since 2000, will become president of Bank One's One Group Mutual Funds on Sept. 15, J.P. Morgan said in a statement. He replaces David J.
BUSINESS
May 8, 2002 | From Bloomberg News
Wells Fargo & Co., the fifth-largest U.S. bank, agreed to buy part of J.P. Morgan Chase & Co.'s corporate trust and custody businesses in Rochester, N.Y., Dallas and Houston to add about 700 customers. San Francisco-based Wells Fargo didn't disclose the terms. The assets include the management of 401(k) retirement and profit-sharing plans for mostly mid-sized companies, said Laurie Nordquist, executive vice president in charge of Wells' institutional trust unit.
BUSINESS
March 29, 2002 | JESUS SANCHEZ, TIMES STAFF WRITER
Taubman Centers Inc. said Thursday that it has sold two of Santa Barbara's largest shopping malls, La Cumbre Plaza and Paseo Nuevo, in separate deals. The real estate investment trust said it will use a portion of the $77million from the sale of the two properties it has owned since 1996 to buy a 50% stake in Sunvalley, a 1.3-million-square-foot shopping center in Concord, Calif.
BUSINESS
December 21, 2004 | From Times Wire Services
Mills Corp., a developer and manager of shopping centers, said Monday that it had agreed to sell a 50% stake in the Del Amo Fashion Center to JP Morgan Fleming Asset Management. Mills, a real estate investment trust based in Arlington, Va., sold the holding in the Torrance mall for $244.5 million including debt. Mills will receive net proceeds of $85 million after transaction costs and will use the money to repay debt.
BUSINESS
January 26, 2005 | From Associated Press
A widely watched indicator of consumer confidence unexpectedly rose for the second straight month in January, hinting that the U.S. economy would continue to grow in the first half of 2005, but at a slower pace. The Conference Board, a New York-based research group, reported Tuesday that its index of consumer confidence rose 0.7 point to 103.4 in January, up from a revised 102.7 in December. Economists had been expecting the index to fall to 101.
BUSINESS
November 11, 2004 | From Reuters
The U.S. trade deficit narrowed sharply in September, aided by a slide in the value of the dollar that helped push exports to record levels, a government report showed Wednesday. The monthly trade gap totaled $51.6 billion, down from a revised $53.5 billion in August, the Commerce Department said. Economists had forecast the September trade deficit would come in at $53.5 billion, only slightly lower than the original estimate for August of $54 billion.
BUSINESS
January 19, 2004 | From Bloomberg News
The dollar may rise against the euro for a second week, according to a majority of investors surveyed by Bloomberg News. Seventy-one percent of the 48 strategists, traders and investors polled Friday favored the dollar against the euro -- a reversal from the 84% who last week recommended the opposite strategy. Respondents made their calls after officials including European Central Bank President Jean-Claude Trichet and German Chancellor Gerhard Schroeder expressed concern that the euro's advance might slow the pace of the region's economic recovery.
BUSINESS
July 8, 2003 | From Reuters
Canadian aluminum maker Alcan Inc. launched a hostile $3.9-billion bid for French rival Pechiney on Monday, reviving the key part of a mega-deal blocked by European competition authorities more than three years ago. Montreal-based Alcan, the world's second-largest aluminum maker, said it would offer 123 euros in cash and three new Alcan shares for every five Pechiney shares. That values the French company at $47.09 a share, or $3.9 billion, excluding $1.61 billion of debt.
BUSINESS
August 19, 2004 | Roger Vincent, Times Staff Writer
A partnership led by developer Intracorp Los Angeles is scheduled to break ground today on a $170-million luxury condominium tower in Marina del Rey called the Cove. The 18-story building, scheduled for completion in spring 2006, will include 138 units on Marina Pointe Drive at Lincoln Boulevard. Condos will be priced from the mid-$600,000s to more than $3 million. The Cove is the only residential high-rise approved for construction in Marina del Rey, Intracorp President Peter Lauener said.
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