German parent eyes TUI bid

February 24th, 2010 |

Germany’s TUI AG – Europe’s biggest tour operator – has held secret talks with banks about an audacious multi-billion pound plan to bid for the 48pc of FTSE 100 holiday company TUI Travel that it does not already own.

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Pound faces a ’savage’ reaction if deficit cut too aggressively, UBS warns

February 24th, 2010 |

With the economy barely crawling out of recession, a rapid fiscal retrenchment would be treated to a “savage” reaction in foreign exchange markets, according to a new report by strategists at Swiss bank UBS.  Now is porbabley the best time to purchase in the USA, with the low housing prices and the pound set to weaken.

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Starwood gets $7 million in Lee County properties

February 24th, 2010 |

Starwood Land Ventures, a Bradenton-based company backed by giant investment house Starwood Capital Group Global, has purchased the Florida properties of financially troubled builder Tousa Homes – including $7 million worth in Lee County.

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Timeshare industry hurt by defaults, scams

January 18th, 2010 |

CHERRY HILL, N.J. – Jan 18, 2010 – For Stacey Udell, a Craigslist ad enticing her to own a piece of property in the Bahamas for $3,000 was too good to pass up. The accountant from Cherry Hill, N.J., jumped on it, and became one of 6 million Americans who own a time share, shared vacation property that owners get to stay in for a week or so each year for life.

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Sarasota commissioners look to delay impact-fee increase

January 13th, 2010 |

The county board, reluctant to increase road impact fees in June, looks to roll increase date back to March 2011.

SARASOTA — Sarasota County commissioners once again demonstrated a reluctance to increase road impact fees when they voted unanimously Tuesday to direct staff to craft a proposed ordinance moving back an automatic fee-increase date

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