There was some interesting news over at Franklin Resources, Inc. (NYSE:BEN) today. The company manages the Templeton Dragon Fund, Inc. (NYSE:TDF), a closed-end mutual fund run by legendary emerging market investment manager Mark Mobius…
Rockies Express Pipeline, LLC today announced that it has received certification from the FERC for the third and final phase of it’s 1,697-mile, 42-inch natural gas pipeline running from western Wyoming to eastern Ohio.…
Harris Corp. (NYSE: HRS) is seeing shares down 15% at $55.66 on almost 4-times average trading volume today. This is after the company said it wasn’t for sale after it was believed that offers…
A lot of analysts thought that Cerberus management, usually so clever and sharp, made a buffoon’s move when they bought into Chrysler and GMAC. The auto market immediately went South. It turns out the…
There is a complicated merger in the Chinese telecom market, which is part of the government mandate to consolidate a fragmented telecom industry in China. China Unicom Ltd. (NYSE: CHU) has formalized a deal…
Billions of dollars in losses and a falling stock price can cost a CEO his job. Wachovia (WB) announced today that its current Chairman, Lanty Smith, has been appointed interim Chief Executive Officer, succeeding…
The new version of the Apple (AAPL) iPhone should hit Europe next month. It will be much less expensive for consumers to buy because Apple will also cellular providers to underwrite the price of…
These are ten of the analyst calls we are focusing on this Monday morning in pre-market trading: Alpha Natural Resources (NYSE: ANR) Raised to Overweight at Morgan Stanley. Blue Nile (NASDAQ: NILE) started as…
Central banks are sick of big banks losing money by putting cash into instruments which are poorly understood and financially dangerous. So, why not may it extremely expensive to buy them? According to the…
If the smart money is right, the price of oil is going down. According to Bloomberg "Hedge-fund managers and speculators reduced bets on higher oil prices by 80 percent since July as crude futures…
The sales of PCs and servers, especially in the US and Europe, is slowing due to market saturation. The same holds true for cellular phones. Chip companies now have to rely on improved sales…
There have been rumors that the economy in China might slow. They have gone on for almost a year. Now, the evidence is mounting that the growth of GDP in the big Asia country…
One of the most brilliant theories in business is that large companies are destroyed by more nimble competitors. Over time, the small companies become the large ones. The genius and capacity for quick decisions…
According to Reuters, the head of Harris Bank said the company was not for sale. Reuters writes that Toyota (TM) will cut its sales forecasts for the US. Reuters reports that Nomura will enter…
Markets in Asia were mostly higher The Nikkei rose .7% to 14,440. Sony (SNE) rose 4.6% to 5520. Toyota (TM) rose 1.9% to 5470. The Hang Seng was up 1.5% to 24,890. China Life…