Cendant to spin off mortgage unit
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As part of its strategy to focus on travel and residential real estate, Cendant Corp. today said it plans to spin off its mortgage and fleet operations.
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Cendant Corp., the world&#39;s top hotel franchisor, said Tuesday that it plans to spin off its mortgage and fleet operations in the first quarter of 2005 by distributing PHH Corp.
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SYDNEY/PHILADELPHIA  - Centro Properties Group , Australia's second high-profile victim of a global credit crunch, is attracting interest from U.S. hedge fund Citadel Investment Group, a source familiar with the situation said.
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Cendant Corp. said Thursday it has agreed to acquire Gullivers Travel Associates and Octopus Travel Group Ltd. of Britain for about &#36;1.1 billion in cash.
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Cantor Fitzgerald LP, the bond  brokerage that suffered more deaths in the Sept. 11 attacks  than any other company, said it will spin off its voice  brokerage business to focus on expanding its institutional  equity and fixed-income businesses.
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Cendant Corp. plans to move its CheapTickets.com division from Arapahoe County to Chicago as part of the travel-industry giant&#39;s planned purchase of Chicago-based Orbitz Inc.
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Freddie Mac will shut down the market-making operations of its securities sales and trading unit as it restructures some mortgage-securities operations, the government-sponsored home-mortgage company said Monday.
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Barclays Bank is selling off its stake in Intelenet Global Services, a business process outsourcing (BPO) services provider that it owns jointly with India's Housing Development Finance Corp. (HDFC).
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Cendant Corp., the world&#39;s largest hotel franchiser, agreed to buy Internet travel agency Orbitz Inc. for $1.25 billion, becoming the second-biggest competitor in the online travel market.
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NEW YORK, October 4  - SunGard Data Systems (SDS.NYS), a leading provider of software solutions for the financial services industry, has decided to spin-off its data availability services business to its shareholders through a tax-free
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Source says travel and real estate giant is close to reaching agreement to acquire travel Web site. PHILADELPHIA  - Travel and real estate company Cendant Corp.
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Cendant, the holding company that owns the Avis car rental firm and Ramada hotels, announced plans to acquire British-based online travel group ebookers for 404.3 million dollars.
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Cendant, the world&#39;s largest travel group, yesterday continued its buying spree with the $1.1bn (Â£570m) purchase of Gullivers Travel Associates and Octopus.
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Tower Ltd., New Zealand&#39;s third- biggest asset manager for individual investors, will receive A$130 million ($100 million) from the spinoff of its Australian wealth management units, Bridges and Tower Trust.
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Medtronic Inc., the world's largest maker of medical devices, said yesterday it will spin off its external defibrillator business into an independent, publicly traded company.
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The troubled mortgage giant said it will pull out of a deal to develop a half-a-billion-dollar office complex in Southwest, sparking concern among city planners, developers and brokers.
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Cazenove&#39;s investment banking unit, which advises nearly half of Britain&#39;s leading companies, is to be merged with the rival operation run by JP Morgan, ending 181 years of independence.