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Reuters: IStar: credit market deterioration impacts Q2 earnings

Started by chris, July 18, 2008, 02:41:13 PM

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chris

IStar: credit market deterioration impacts Q2 earnings
      


(Reuters) - IStar Financial Inc , which lends primarily to real estate-related businesses, said it expects to post a second-quarter operating loss, excluding a gain from asset sales, hurt by higher loan loss provisions, mark-to-market impairments and goodwill write-offs.
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