According to Reuters, Australia Australian fund manager Caledonia said it would vote against Chicago Merch’s (CME) proposal to buy CBOT (CBOT) The fund own over 6% off the exchange. Reuters writes that GE (GE)…
Markets in Asia were mixed. The Nikkei rose .3% to 18,221, NTT (NTT) rose 1.2% to 551000. Sony (SNE) rose 2.4% to 6450. The Hang Seng fell .2% to 22,182. China Petroleum (SNP) fell…
After eigh years of effort Research In Motion (RIMM) has permission to sell its Blackberry in China. It could add fuel to an already fast-growing company. RIMM shares are up 3.2x over the last…
Coca-Cola (KO) might like to own tea company Snapple. So says Coke’s CEO. Reuters writes: "Snapple, which sells flavored teas, lemonades and juice drinks, is one of the world’s largest bottled tea brands, ahead…
According to Reuters, Blackstone (BX) bought Hilton Hotels (HLT) for $20 billion plus debt. Reuters writes that private equity firm Apollo offered $6 billion for Huntsman. Reuters reports that car sales in June were…
According to Reuters, Blackstone (BX) bought Hilton Hotels (HLT) for $20 billion plus debt. Reuters writes that private equity firm Apollo offered $6 billion for Huntsman. Reuters reports that car sales in June were…
Europe markets were up modestly at 7 AM New York time. The FTSE rose .3% to 6,656. Barclays (BCS) rose 1.5% to 706. Vodafone (VOD) fell .4% to 165.1. The DAXX rose .4% to…
Markets is Asia were mixed. The Nikkei rose .1% to 18,169. Hitachi (HIT) was down 1.1% to 872. Sony (SNE) was up 1.9% to 6310. The Hang Seng rose .3% to 22,220. China Petroleum…
Blackstone (BX) has agreed to buy Hilton Hotels (HLT) for $47.50 a share, a premium of about 40% of where the stock traded two days ago. The total purchase price is over $26 billion.…
From S-1 filed with SEC: Founded in 1976, we are a leading global alternative asset manager. Our 399 employees, including our 139 investment professionals, are led by our founders, Henry Kravis and George Roberts,…
KKR announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common units representing limited partner interests in its partnership. The…
eBay (EBAY) has started a free classified advertising site. It is not unlike the highly successful Craigslist. The site is called Kijiji. According to The Wall Street Journal, eBay may start to charge for…
Too much has already been written about the costs of the components of the Apple (AAPL) iPhone. Several research firms have spent their $599 per unit simply to tear the thing into little pieces…
Not enough lip stick for this pig. GM’s (GM) June sales dropped 21%. The company has no excuses, since its sales of low margin vehicle to rental car fleets were down 22%. Total units…
Baidu.com (BIDU) hit a 52-week high of almost $194 today. That puts the shares up over 110%. And, the company has a market cap of $6.4 billion. That is 49 times trailing sales. Google…
Late word from ThisIsMoney in the UK is that BP (BP) and Royal Dutch Shell (RDS.B) are discussing a merger "which would be producing more than 70% more oil and gas than industry leader…
After a long time in purgatory, Intel’s (INTC) shares hit a 52-week high of $24.46 today. The stock has not been at level since early 2006. There is certainly some hope that PC sales…
The deal for Chinese car company Chery to build small cars for DaimlerChrysler’s (DCX) Chrysler unit is finally sealed. The UAW, which will start contract negotiations with the US car companies in September, is…
Exxon’s (XOM) shares are up about 40% over the last year and trade near their high of $86 and change. But, in American lives, there are no second acts. Or, so said F. Scott…
GM’s (GM) stock has doubled in 18 months to over $38. There are ample reasons. A settlement of the UAW’s fight with GM parts supplier Delphi fixes the amount of the large car company’s…