CBRE Group, Inc. (NYSE:CBG) [Trend Analysis] moved down reacts as active mover, shares a loss -1.34% to traded at $32.35 and the percentage gap between open changing to regular change was -0.40%. CBRE Group, Inc. (CBG) said that it has acquired Skye Group, a provider of retail project management, shopping center development and tenant coordination services in the U.S. and Canada. Financial terms of the deal were not disclosed.CBRE Group noted that the acquisition will enhance its position in the retail market by bolstering its retail project management service offerings.
Cleveland, Ohio-based Skye is led by Bradley Sanders, who founded the firm in 2000.Skye serves retail clients throughout North America. Its client list consists of prominent retail real estate investors including Simon, Howard Hughes, Westfield, LaSalle Investment Management, Vornado Realty Trust, New England Development, Ivanhoe Cambridge and Steiner & Associates, as well as brands such as Barneys New York. The firm’s current ratio calculated as 1.10 for the most recent quarter. The firm past twelve months price to sales ratio was 0.85. As far as the returns are concern, the return on equity was recorded as 17.20% and return on investment was 7.20% while its return on asset stayed at 4.70%. The firm has total debt to equity ratio measured as 1.49.
CBS Corporation (NYSE:CBS) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.61% to close at $62.18 with the total traded volume of 18.36 Million shares. Sumner Redstone and his daughter Shari Redstone ended their effort to merge Viacom Inc. and CBS Corp., a surprise reversal that follows resistance from key executives and signals faith in Viacom’s ability to turn around its fortunes on its own.
When Viacom Inc. named Bob Bakish acting chief executive officer on Halloween, it seemed like he’d be gone as quick as you could say boo. Instead, Viacom’s third CEO in four months is settling in. Viacom named the 52-year-old former head of its international operation as full-time chief Monday handing him the tough job of turning around the company’s domestic TV business, including Comedy Central and Spike, and its money-losing Paramount Pictures.
“I am very excited by the strategy Viacom is pursuing under Bob’s leadership,” Shari Redstone said in a statement. “While there is much work to do, I firmly believe that Viacom has a bright future.” The firm has institutional ownership of 87.60%, while insider ownership included 0.10%. Its price to sales ratio ended at 2.05. CBS attains analyst recommendation of 1.90 with week performance of 2.25%.