This is a carousel. Use Next and Previous buttons to navigate 2 FRANKFURT, Germany (AP) — Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history. The German automaker estimates the deal could reap as much as 9.5 billion euros ($9.08 billion) that it can use for its push into software, services and electric and autonomous vehicles in line with the shifting focus of the global auto industry. Late Wednesday, Volkswagen priced the offering at 82.50 euros a share — at the top end of its estimated range. The shares are expected to start trading Thursday. The deal enables Volkswagen to tap into investor interest in Porsche, whose fat profit margins of 15% to 20% on vehicles like the 911 sports car and Cayenne SUV are far above the single-digit profits common to mass-market automobiles. The proceeds … [Read more...] about VW readies Porsche IPO in one of Europe’s largest listings
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Housing Market is Changing, Especially in Safety Harbor
0 Real Estate Interest rates and foreclosures are down, while property values and offers are up, according to officials at Embassy Real Estate Group. Jeffrey Rosenfield , Patch Staff Posted | Updated Reply Everywhere you turn these days, you’re being told that the economy is slowly getting better, and a key factor in the belief is that the housing market is starting to turn around. Just recently, a report in the Tampa Bay Times stated that home sales were up 12 percent in July compared to July of 2011. Prior to that, another article stated that investors are swooping into the Tampa Bay area and purchasing millions of dollars worth of homes and converting them into rental properties. But whether it’s out-of-state investors turning a profit or buyers getting top dollar for homes they held on to, there’s no question that the market is … [Read more...] about Housing Market is Changing, Especially in Safety Harbor
