The following are the top stories in the Wall Street Journal on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy. * Mark Carney, a former investment banker who runs Canada's central bank, will become governor of the Bank of England in July, the British government announced on Monday, a surprise pick that promises to bring change to the bank's insular culture at a time when it is gaining new regulatory powers in the U.K. ()* Archstone Inc, the apartment-building owner that played a major role in the demise of Lehman Brothers Holdings Inc, is being sold by Lehman to rival landlords Equity Residential and AvalonBay Communities for $6.5 billion in cash and stock. ()
AvalonBay Communities, Inc. (AvalonBay) is a real estate investment trust (REIT). Shares of AVB traded higher by 0.32% or $0.41/share to $128.95. In the past year, the shares have traded as low as $117.97 and as high as $151.23. On average, 603745 shares of AVB exchange hands on a given day and today's volume is recorded at 520958.
Equity Residential (EQR) is a real estate investment trust (REIT). Shares of EQR fell by 0.06% or $-0.03/share to $54.43. In the past year, the shares have traded as low as $52.39 and as high as $65.72. On average, 1624860 shares of EQR exchange hands on a given day and today's volume is recorded at 1496174.
Source
