Reuters: The Senate is near its first vote on healthcare.
Reuters: Dell (NASDAQ:DELL) is betting on corporate spending for its recovery.
Reuters: Time Warner’s (NYSE:TWX) AOL showed that the worst is not over for media job cuts.
Reuters: China cyber-spying against the US will probably grow. Read More
Markets in Asis were mixed.
The Nikkei fell 1.3% to 9,549. Mitsubishi UFJ (NYSE:MTU) fell. Honda (NYSE:HMC) and Toyota (NYSE:TM) fell. Sony (NYSE:SNE) was also off.
The Hang Seng dropped 1% to 22,643. China Mobile (NYSE:CHL) ticked up.
The Shanghai Composite rose .5% to 3,321.
At the open in Europe, the FTSE dropped .2%. The Dax was off .2% to 5,777. The CAC 40 dipped .2% to 3,320.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
In the United States, people will line up for blocks and camp out in the cold to be the first customers into Apple’s (NASDAQ:AAPL) retail stores when the consumer electronics wonder introduces a new product. The Chinese response to the introduction of the iPhone was muted.
The Wall Street Journal reports that iPhone sales in China may be slow, at least compared to those in the US. Among the reasons are a retail price that can be over $1,000 and the fact that two million iPhones has already been sold through unauthorized dealers. Read More
Markets is Asia were mostly lower.
The Nikkei dropped 6% to 10.297. Mitsubishi UFJ (NYSE:MTU) fell and Honda (NYSE:HMC) rose.
The Hang Seng was down 1% to 22,098. China Mobile (NYSE:CHL) fell.
The Shanghai Composite fell .6% to 3,951.
At the open in Europe, the FTSE fell 1.4% to 5,164. The Dax was off 1.6% to 5,741. The CAC 40 fell 1.5% to 3,816. Ericsson (NASDAQ:ERIC) fell on poor earnings.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were slightly lower.
The Nikkei was down a fraction at 10,333.
The Hang Seng was down .1% to 22,372. China Mobile (NYSE:CHL) was down.
The Shanghai Composite dropped .5% to 3,071.
At the open in Europe, the FTSE rose .4% to 5,264. Cadbury rose after increasing guidance. The Dax was up .5% to 5,837. The CAC 40 rose .4% to 3,886.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Today China Mobile (NYSE: CHL) posted big numbers in its subscriber growth, claiming 500 million mobile users. By this metric, China Mobile can claim the title of the worlds biggest mobile company. However, looking at subscribers in terms of percentage growth over the past year tells a different story. The first chart below compares China Mobile, China Unicom (NYSE: CHU), and China Telecom (NYSE: CHA) on the basis of monthly subscriber growth off the September 2008 base. The second shows the monthly change in each stock price off their respective September 2008 price. (It should it be noted that there is a delay in the release of the monthly subscriber number for each company.)
Chart 1: Monthly Subscriber Growth, September 08-September 09
Chart 2: Monthly change in stock price, September 08-September 09
While some may appreciate steady companies, its hard not to like the exponential growth in China Telecom’s mobile subscriber base.
Garrett W. McIntyre
Markets in Asia fell.
The Nikkei slide 2.8% to 10,269. Nomua fell sharply as did Mitsubishi UFJ (MTU).
The Hang Seng fell a fraction to 21,042. China Mobile (CHL) and HSBC (HBC) fell.
The Shanghai Composite was off .5% to 2,837.
At the open in Europe, the FTSE rose .3% to 5,095. The Daxx rose .1% to 4,608. The CAC 40 was flat at 3,753.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia fell.
The Nikkei was off .7% to 10,371.
The Hang Seng fell .8% to 21,585. China Mobile (CHL) and HSBC (HBC) were up.
The Shanghai Composite dropped 3.2% to 2,963.
At the open in Europe, the FTSE was off .1% to 5,158. The Dax was down .4% to 5,709 and the CAC 40 fell .5% to 3,817.
Data from Reuters and MarketWatch
Douglas A. McIntyre
Reuters: Obama is trying to push Wall St. reform.
Reuters: German aid for Opel will go in part to Russia for operations there.
Reuters: A global poll shows support for stimulus packages.
Reuters: J&J (JNJ) is in talks to cut its $1.5 billion Elan investment. Read More
Apple (AAPL) has a deal with China Unicom (CHU) to sell its iPhone on the mainland. The deal, however, is not exclusive. The head of China Mobile (CHL), which has 500 million subscribers and is the world’s largest cellular company, says his firm is in talks with Apple about selling the iPhone, which would give the US company a second partner in the world’s most populous nation. Read More
Apple (AAPL) finally has its deal to distribute the iPhone in China after months of rumors and speculation.
China Unicom (CHU), the second largest wireless carrier on the mainland, says it has reached a three-year deal with Apple and will launch the iPhone toward the end of the year. Read More
Apple (AAPL) is about to launch its iPhone in China, the largest cellular phone market in the world. According to The Wall Street Journal, China Unicom (CHU), the second largest cellular carrier in the country will be Apple’s partner. The paper reports, “Cynthia Meng, analyst for Merrill Lynch in Hong Kong, said in a report that she also expects the iPhone to launch in the fourth quarter this year, in conjunction with Unicom’s planned launch of 3G in October.”
Apple will have to contend with piracy as does every other technology companies that does business on the mainland. Read More
Reuters: Sony (SNE) and Microsoft (MSFT) are battling to control home entertainment but consumers are slow to adopt their technologies.
Reuters: The “clunkers” program will end on August 24.
Reuters: GM is about to pick a buyer for Opel.
Reuters: The US recovery will be long and fragile. Read More
Reuters: UBS (UBS) shares may fall when the Swiss government sells out.
Reuters: The US deficit estimate was trimmed to $1.59 trillion.
Reuters: A homeowner sued Wells Fargo (WFC) over a credit line.
Reuters: AIG (AIG) was sued by policyholders over the Madoff fraud. Read More
Reuters: China’s expansion is leading to charges is it stripping asset from other under-developed countries.
Reuters: UBS (UBS) will reveal the names of 5,000 clients in a deal with US tax authorities.
Reuters: Schwab (SCHW) was sued by NYS over auction rate securities. Read More
Several companies run annual brand valuations. It is a good business for advertising and marketing firms to be viewed as experts on brands. Brand values are based on the cash flow they create, and there are a number of ways to measure that. The mathematical parts of the formulas are relatively easy. The part that is hard, because it requires skilled forecasting, is what the reputation and value of a brand is likely to be three or four years from the date the values are set. It would have been hard half a decade ago to predict that AIG (AIG), the brand of the world’s largest insurance company, would be virtually worthless today, or that Facebook would be an extremely valuable brand. There is both art and science to determining the future of brands. Read More
Markets in Asia were sharply lower.
The Nikkei dropped 1.4% to 10,435. Sony (SNE) and Honda (HMC) both declisned.
The Hang Seng was down 2.7% to 20,515. HSBC (HBC) and China Mobile (CHL) both fell over 3%.
The Shanghai Composite was down 4.7% to 3,113.
At the open in Europe, the FTSE was down .2% to 4,664. BHP Billiton (BHP( advnaced The Dax rose .2% to 5,295. The CAC 40 rose .1% to 3,495
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were mixed
The Nikkei rose .2% to 10,412.
The Hang Seng fell 1.5% to 20,596. China Mobile (CHL) rose sharply.
The Shanghai Composite dropped 2.7% to 3,281.
At the open in Europe, the FTSE fell .6% to 4,665. RBS (RBS) fell on poor numbers. The Dax fell .6% to 5,337.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Markets in Asia were narrowly mixed.
The Nikkei was down a fraction of a percent at 10,087.
The Hang Seng was up 1% to 20,444. China Mobile (CHL) and China Unicom (CHU) both rose.
The Shanghai Composite was up .1% to 3,238.
At the open in Europe, The FTSE rose .4% to 4,605. BP (BP) moved up. The Dax increased by .3% to 5,267. Deutsche Bank (DB) was up sharply. The CAC 40 moved up .3% to 3,383.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
Market in Asia were mixed.
The Nikkei rose .8% to 9,723. Shares in Sony (SNE) dropped slightly.
The Hang Seng was down .5% to 19,406. China Mobile (CHL) and China Unicom (CHU) dropped.
The Shanghai Composite rose 2.7% to 3,297.
At the open in Europe, the FTSE was up .2% to 4,490. The Dax rose .1% to 5,101. The CAC 40 was up .2% to 3,303. BHP Billiton (BHP) iron-output was short of estimate.
Data from Reuters and MarketWatch.
Douglas A. McIntyre
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