Moody’s Investors Service cut its credit ratings of American Realty Capital Properties Inc. to junk status, pointing to continued uncertainty stemming from a management shake-up and the impact of accounting irregularities.
American Realty Capital Properties Inc., the real-estate investment trust that earlier this year disclosed accounting irregularities, said Monday that Chairman Nicholas Schorsch and Chief Executive David Kay have stepped down.
NEW YORK (TheStreet) -- Shares of RCS Capital Corp.
are up 10.89% to $10.80 after American Realty Capital Properties
said it will receive $60 million from a settlement over RCS Capital's decision to break off a deal for brokerage Cole...
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