Equity Residential Closes $500 Million Secured Loan (Business Wire)
CHICAGO----Equity Residential today announced that the company closed a $500 million secured loan originated by Wachovia Multifamily Capital, Inc. for repurchase by Freddie Mac . The loan has an 11.5 year term with 10.5 years at a fixed rate and the final year at a floating rate. us.rd.yahoo.com
Novelos Therapeutics Announces $5 Million Private Placement (Business Wire)
NEWTON, Mass.----Novelos Therapeutics, Inc. , a biopharmaceutical company focused on the development of therapeutics to treat cancer and hepatitis, today announced that it has entered into a definitive agreement with existing institutional investors to raise $5 million in gross proceeds through the sale of shares of a new series of its convertible preferred stock and warrants to purchase its common stock. us.rd.yahoo.com
Melnyk pulls legal challenge against Biovail and its CEO
Pharmaceutical company Biovail Corp. said Thursday that its founder and former chairman Eugene Melnyk had withdrawn a legal challenge against the firm and its top executive. cbc.ca
Two-thirds of firms suffer from skills shortage
THE labour force would need to add more than 200,000 full-time workers to ease the skills shortage which is affecting two-thirds of firms, a survey shows. news.com.au