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Market Chatter-Corporate finance press digest

Northstar Realty Finance (NRF) Passes Through 9% Yield Mark

government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. * Billionaire Roman Abramovich is close to buying one of the biggest top-end office complexes in Moscow for up to $800 million in what would be Russia's second-largest office deal, three sources told Reuters. * KKR & Co and TPG Capital are out of the running in the auction for Hutchison Whampoa Ltd's Hong Kong supermarket chain ParknShop, people close to the matter told Reuters, after their offers failed to meet the company's expectations. * BlackBerry Ltd is considering spinning off its messaging service into a separate unit, the Wall Street Journal said on Tuesday, quoting people familiar with the matter.

Think Finance Hires Craig A. Nies as Chief Analytics Officer

Nies will be responsible for all predictive analytics, including the development of new models for marketing, risk and fraud across the companys suite of solutions.He will also lead research and development of advanced modeling techniques that leverage new Big Data sources and technologies. Craig brings an impressive background in designing and deploying new models for predictive analytics. His expertise will be a great complement to our already strong team and will help us continue to innovate and refine our products to better serve our customers, said Ken Rees, Chief Executive Officer, Think Finance. We are thrilled to welcome Craig to the company. Prior to joining Think Finance, Mr. Nies served as Vice President and Global Head of Software Development at Opera Solutions, where he engineered a Big Data analytics platform that streamlined the development and deployment of predictive analytics and machine learning across a variety of domains.

Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 9% would appear considerably attractive if that yield is sustainable. Northstar Realty Finance Corp ( NYSE: NRF ) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S.

Don't be the product, buy the product!

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