From Staff Reports China-based solar-cell maker JA Solar Holdings Co. Ltd. (JASO) is selling 6.33 million American Depositary Receipts, worth about $280 million based on its closing price of $44.01 yesterday (Monday), Reuters reported that sources said. The pricing of the deal, jointly handled by Credit Suisse (CSGN.VX: Quote, Profile, Research) and Lehman Bros. Holdings […]
Archives for October 2007
October 2007 - Page 13 of 13 - Money Morning - Only the News You Can Profit From
Nokia Announces $8.1 Billion Acquisition of Navteq
From Staff Reports Nokia Corporation (NOK), the largest cell phone maker in the world, announced yesterday (Monday) that it plans to buy Chicago-based Navteq (NVT), a leading digital mapmaker, for about $8.1 billion. The proposed deal at $78 a share would be Finland-based Nokia's biggest purchase, and it follows the heels of Nokia's acquisition of […]
Profit from China's 'Nuclear Option'
By Keith Fitz-Gerald Contributing Editor You can't help but feel a sense of deja vu. At least I can't. The last time the dollar fell this low and energy was this costly, traders were concerned about a massive recession, we were talking about a scary new economic syndrome called "stagflation," and the Major League Baseball's […]
How to Profit as Surge of Solar IPOs Mark Dawn of New Industry in China
By Jason Simpkins Staff Writer Of the five best-performing initial public stock offerings so far this year, three are China-based solar-energy companies. With energy prices soaring, China is making a big move into the market for solar-energy technologies. Initial public offerings (IPOs) of solar-energy firms have reached record levels this year, with at least half […]
IPOs Soar in Third Quarter, Fueled by Solar, Software and Finance Deals
From Staff Reports Two companies – one in finance and the other in software – fueled a huge surge in the value of new stock offerings in the third quarter, according to a new report by data-tracker Dealogic. Companies raised more than $12.5 billion via initial public offerings (IPOs) in the U.S. financial markets during […]
Gold Climbs to 27 Year High, Oil Eclipses the $83 Level
By William Patalon III And Jason Simpkins Money Morning Gold prices rallied to their highest level in 27 years Friday, fueled by the continued decline of the U.S. dollar. Meanwhile, crude oil surrendered early price gains, but still managed to stay above the $82 level. Friday marked the close of a quarter that saw pricing […]
Consumer Spending Soars Higher Than Forecast
From Staff Reports The U.S. Commerce Department reported Friday that consumer spending rose more than forecast in the month of August. The 0.6% increase was the biggest in four months, according to Bloomberg News. It is good news that suggests the U.S. consumer has so far been undeterred by the credit crunch and housing slump. […]