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CBRE Group, Inc. Reports Strong Revenue and Earnings for Third-Quarter 2011
Earnings Per Share Rise 20% to $0.24

CBRE Group, Inc. (NYSE:CBG) reported strong revenue and earnings for the third quarter ended September 30, 2011.
Revenue for the quarter totaled $1.5 billion, an increase of 21% from $1.3 billion in the third quarter of 2010.
Net income on a U.S. GAAP basis improved to $63.8 million, or $0.20 per diluted share, for the third quarter of 2011, an increase of 12% and 11%, respectively, from $57.0 million, or $0.18 per diluted share, for the third quarter of 2010.
Excluding selected charges1, net income2 totaled $77.7 million, or $0.24 per diluted share, for the current-year quarter, up 24% and 20%, respectively, from $62.4 million, or $0.20 per diluted share, in the third quarter of 2010.
Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) rose 5% to $179.0 million for the third quarter of 2011 from $169.9 million a year earlier.
Excluding selected charges, EBITDA increased 11% to $194.8 million in the current period from $175.5 million in the third quarter of 2010. EBITDA and EBITDA, excluding selected charges, included $7.4 million of net carried-interest expense (versus a benefit of $1.4 million in the third quarter of 2010) in the Global Investment Management business, and $8.6 million of insurance and legal reserves in the Americas business. Without these expenses, EBITDA, excluding selected charges, would have risen 21% for the quarter.
CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
Please visit our Web site at www.cbre.com.
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zipRealty Inc. (NASDAQ:ZIPR) announced that management will conduct a conference call to discuss third quarter financial results for 2011 on Tuesday, November 1, 2011 at 5:00 pm ET. Investors seeking access to the call are asked to dial: 866.730.5762, passcode: 10145084. A press release with third quarter financial results for 2011 will be issued at approximately 4:00 pm ET that same day. The conference call will be simultaneously webcast on the Investor Relations portion of the Company`s website, www.ziprealty.com. A replay of the call will also be available through November 8, 2011, at 888.286.8010, passcode: 11258138.
ZipRealty is a leading full-service residential real estate brokerage focused on finding better, faster ways to connect home buyers and sellers with the information, tools and professional services they value to complete their residential real estate transactions.
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GLobal Hunter (GBLHF)
Copper is the oldest metal used by man. Its uses date back to prehistoric times. Copper is found as native metal and in the minerals cuprite, malachite, azurite, chalcopyrite and bornite. It is also often a by-product of silver production. Sulphides, oxides and carbonates are the most important ores. Copper and copper alloys are some of the most versatile engineering materials available. Copper has been mined for more than 10,000 years with a Copper pendant found in current day Iraq being dated to 8700BC. By 5000BC Copper was being smelted from simple Copper Oxides.
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Global Hunter Corp. (GBLHF.PK) is pleased to announce initial assay results from its previously announced surface sampling program. The results are encouraging with new gold showings as well as very positive copper oxide assays over wide-spread areas.
Highlights of the entire program
9 mineralized shear and/or alteration zones sampled total of 13.5 kilometers of strike length along know copper bearing shear and alteration zones tested with 205 rock chip samples
Good grades of soluble copper (oxide) over a significantly large area have been identified, however they represent only about 50% of the total copper grade indicating a mixed oxide-sulphide zone. Numerous iron oxide structures have also been mapped but no iron assays have been received to date.
The Company is planning to re-assay samples for iron to determine if iron is present in significant quantities to represent another target.
For more information please visit official website of GBLHF.PK: www.globalhunter.ca/homeabout.html
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Savannah Bancorp Inc. (Nasdaq:SAVB) reported a net profit for the third quarter 2011 of $1,228,000 compared to a net loss of $1,563,000 for the third quarter 2010. Third quarter net income per diluted share was 17 cents in 2011 compared to a net loss per diluted share of 22 cents in 2010. The quarter over quarter increase in earnings resulted primarily from an increase in net interest income and a decrease in the Company’s provision for loan losses and losses on the sale and write-down of foreclosed assets. Pretax earnings before the provision for loan losses and gain/loss on sale of securities and foreclosed assets increased $1,361,000, or 41 percent, to $4,682,000 in the third quarter 2011 compared to the third quarter 2010. Both of the Company’s bank subsidiaries, Bryan Bank & Trust (”Bryan”) and The Savannah Bank, N.A. (”Savannah”), were profitable in the third quarter, as was its registered investment advisory firm, Minis & Co., Inc. Net loss for the first nine months of 2011 was $138,000 compared to a net loss of $2,113,000 for the same period in 2010.
The Savannah Bancorp Inc. operates as a multi-bank holding company that provides commercial and mortgage banking products and services in Georgia and South Carolina.
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Arlington Asset Investment Corp. (NYSE:AI) reported core operating income of $8.7 million for the quarter ended September 30, 2011, or $1.12 per share (diluted). On a GAAP basis, the Company reported a net loss of $11.6 million for the quarter ended September 30, 2011, or $(1.50) per share (diluted), compared to net income of $5.2 million, or $0.65 per share (diluted), for the quarter ended September 30, 2010.
Arlington Asset Investment Corp., an investment firm, acquires mortgage-related and other assets. Arlington Asset Investment Corp. was founded in 1989 and is based in Arlington, Virginia.
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