Markets in Asia were mixed.
The Nikkei fell .4% to 9,770. Mitsubitchi UFJ (MYSE:MTU) fell.
The Hang Seng was up .7% to 22,554.
The Shanghai Composite rose .5% to 3,188.
At the open in Europe, the FTSE was down .3% to 5,267. Rio Tinto (NYSE:RTP) fell. The Dax moved down .1% to 5,660. The CAC 40 fell .6% to 3,787.
Data from Reuters and MarketWatch
Douglas A. McIntyre
The Corporate Library’s latest annual review of corporate governance at TSX 60 companies in Canada turned up eleven which present high or very high concerns with regard to CEO compensation:
Kinross Gold Corporation (NYSE:KGC)
EnCana Corporation (NYSE:ECA)
TransCanada Corporation (NYSE:TRP)
Canadian National Railway Company (NYSE:CNI)
BCE Inc. (NYSE:BCI)
Royal Bank of Canada (NYSE:RY)
Thomson Reuters Corporation (NYSE:TRI)
Husky Energy Inc.
Shoppers Drug Mart Corporation
Potash Corporation of Saskatchewan Inc. (NYSE:POT)
Rogers Communications Inc. (NYSE:RCI)
US companies aren’t the only ones with pay issues.
Douglas A. McIntyre
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: Smart investors are starting to cherry- pick stocks.
Reuters: California may agree on a budget to stop using IOUs.
Reuters: Some stock funds are still making up for lost ground.
Reuters: The US housing market may be in early recovery.
Reuters: US unemployment spiked in June. Read More
Reuters: California declared a financial emergency.
Reuters: An SEC attorney raised concern about a Madoff report in 2004.
Reuters: Auto parts supplier Lear filed for bankruptcy.
Reuters: NYC apartment sales are down more than 50%.
Reuters: Beijing Automotive will bid for Opel.
Reuters: GM told a judge asset sales was its only option. Read More
Exxon Mobil Corp. (NYSE: XOM) may be getting deeper and deeper in Alaska via a monster pipeline project. A report from the Houston Chronicle said the oil giant is in discussions with TransCanada Corp. (NYSE: TRP) to assist in building a long pipeline that will transport natural gas from the North Slope of Alaska through Canada to the United States market. This could have some rather large implications for a project being run by ConocoPhillips (NYSE: COP) and BP plc (NYSE: BP).
Read More
The Canadian government is reported to have offered financial support to the Mackenzie Valley gas pipeline project. Imperial Oil, a wholly-owned subsidiary of Exxon Mobil Corporation (NYSE:XOM), leads the project, which includes ConocoPhillips Corporation, Royal Dutch Shell plc (NYSE:RDS.A-B), and TransCanada Corporation (NYSE:TRP) through TransCanada’s investment in the Aboriginal Pipeline Group.
TransCanada Corporation (NYSE: TRP) has announced that its Kibby Wind Power Project has received a final and unanimous approval for its development plans from Maine’s Land Use Regulation Commission.
The company has said that construction plans are now underway for the 132MW wind project located in Kibby and Skinner Townships in northwestern Franklin County, Maine.
While wind is the new hot thing for anyone involved, we’d note that this energy infrastructure company has an implied US market cap of nearly $20 Billion and this company generated some $7.7 Billion in 2007 revenues.
This project is for 44 wind turbine generators of 3MW each and is expected to take 12 months to 18 months to complete. The capital cost of the project is listed as $320 million and is expected to provide enough energy to run about 50,000 homes in New England.
Jon C. Ogg
July 9, 2008
| Today’s top tickerspy Indexes | |
| EMS and Printed C... | 0.0% |
| Oil and Gas Pipel... | 0.0% |
| Korea Stocks and ... | 0.0% |
| Airplane Leasing ... | 0.0% |
| Netherlands Stock... | 0.0% |
 | |
| |
RSS Updates
Email Updates
