"By the end of the year, itcould generate 20-30 percent profit." (Additional reporting by Tony Munroe) (Editing by Kim Coghill) Stocks IPOs China. SHANGHAI, Jan 20 (Reuters) - China's Angang Steel Co Ltd(0347.HK) (000898.SZ) said on Tuesday it expects its 2008 netprofit to fall 55 percent on year to about 3.42 billion yuan dueto high raw material prices amid slumping steel prices. Angang, the listed arm of one of China's top steel makers,published the unaudited earning forecast in a filing sent to theShenzhen Stock Exchange (Reporting by Alfred Cang). Federal Taxation of Real Estate helps you uncover potential problems, applyappropriate remedies and structure a transaction for maximum tax benefits. Itdiscusses limited liability companies; the passive activity rules; recapture ofdepreciation; like-kind exchanges; wrap-around mortgages; involuntaryconversions; sale-leasebacks; cooperative ownership; tax treatments of loancosts; amortizing start-up costs; use of a home for business or rental; and whatconstitutes "material participation" under Section 469 of the Internal RevenueCode when an investor owns rental real estate This book is updated as needed,generally once each year Authors Bio: Allan J Samansky is the Robert J. Watkins/Procter & Gamble Designated Professorof Law at the Moritz College of Law at Ohio State University. Key Topics Covered: CHAPTER 1 Overview PART II Acquisition of Real Property CHAPTER 2 Choice of Ownership Entity CHAPTER 3 Basis Upon Acquisition PART III Ownership and Operation of Real Property CHAPTER 4 Expenses CHAPTER 5 Depreciation CHAPTER 6 Tax Credits PART IV Disposition of Real Estate CHAPTER 7 Sale, Loss, or Abandonment of Real Estate CHAPTER 8 Installment Sales CHAPTER 9 Exchanges of Real Property CHAPTER 10 Involuntary Conversions PART V Leases CHAPTER 11 Basic Rules for Rent CHAPTER 12 Improvements on Leased Property CHAPTER 13 Acquisition and Disposition of Lease or Property Subject to Lease CHAPTER 14 Sale-Leasebacks PART VI Owner-Occupied Housing CHAPTER 15 Deductions and Credits CHAPTER 16 Special Types of Commonly Held Property CHAPTER 17 Business and Rental Use CHAPTER 18 Gain on Sale Table of Cases IndexFor more information visit http:// and MarketsLaura WoodSenior Fax from USA: 646-607-1907Fax from rest of the world: 353-1-481-1716 Copyright Business Wire 2009.
HONG KONG, Jan 20 (Reuters) - Merrill Lynch's head of debtcapital markets for Asia, Jon Pratt, left the firm as part of therestructuring since the investment bank was taken over by Bank ofAmerica (BAC.N), a source familiar with the move said on Tuesday. Stocks Bonds Funds News ETFs News Pratt, a managing director, oversaw Asia excluding Japan andAustralia during his tenure. Rick Stoddard has already been named head of the renamedAsia-Pacific debt capital markets for the combined Bank ofAmerica-Merrill Lynch entity since late last year, and he willcontinue in that role, which includes coverage of Japan andAustralia, the source said. Merrill veteran Stoddard had been brought to Hong Kong fromNew York in early 2008 to head the bank's Pacific-Rim leveragedfinance group before taking over debt capital markets for themerged lender. (Reporting by Rafael Nam; Editing by Jacqueline Wong) Stocks Bonds Funds News ETFs News.
MADRID, Jan 20 (Reuters) - Spanish infrastructure companyAbertis (ABE.MC) is set to sign a loan for up to 540 millioneuros ($701 million) to finance its acquisition of Itinere'sITIE.MC highway concessions, sources close to the deal said. "The loan may be signed at the end of this week," one of thesources said on Tuesday. When Abertis announced in December it had agreed with aprivate equity fund owned by Citigroup (C.N) to buy a series ofconcessions from Itinere, it said it already had the financinglined up. nL1239320 The three-year loan would be signed with banks includingSpain's La Caixa, Caja Madrid, Banesto (BTO.MC), Popular(POP.MC) and Unicaja, as well as France's Societe Generale(SOGN.PA) and Italy's Intesa Sanpaolo (ISP.MI), said the source.
A second source close to the deal said that despitetightening in credit markets, Abertis's deal would include aless expensive margin than the one it had paid in its lastfinance deals in the international market. The purchase of the assets is likely to take some months asthe move needs regulatory approval. Abertis and Itinere at themoment operate some motorways in partnership together. If the deal goes ahead, Abertis will finish up with the 50percent of the part of the AVASA motorway in Spain's Basque andAragon regions which it did not control, as well as threemotorways in Chile.