Cyberattack criminals who are plaguing banks are hitting specific Web pages up to 20 million times a minute, experts say. Banks are improving in their efforts to keep sites up and running, but it will be a challenging atmosphere for the next few months, because there is "a lot of programming that needs to be done," said Avivah Litan, an analyst with Gartner Research.
Factoring is an alternative finance option that cash-strapped small businesses could consider, writes Sol Roter, founder and director of Liquid Capital. Advantages include a quick approval process, which is based on the quality of receivables, not a credit score or other criteria typically considered by a bank.
Kimco Realty Corp. is tapping into middle class growth in Mexico, which has fueled demand for suburban-style retail property. The company entered the Mexican market six years ago and now has 34 properties there. "Development in the U.S. is rather limited today," said David Henry, Kimco's chief investment officer.
Greg Sukenik, Zacks senior real estate investment trust analyst, thinks investors may be able to find some bargains in the sector. "REITs are generally well capitalized and have low debt levels compared to private owners, so we do not expect any large property REITs to get into liquidity problems in the current economic downturn," he said. Sukenik is expecting first quarter earnings growth between 3% and 5% for the REITs Zacks covers.
Centro Properties Group received a one-week extension to discuss refinancing $5.2 billion in debt. The troubled Australian owner of more than 650 U.S. malls is working to sell assets to shore up its balance sheet.