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Our Venture Capital "Experiment" Is Already Putting Profits in Your Pocket

The tech sector is enduring one of its periodic corrections. But the venture-capital fund we told you about back in April continues to make new investments and has seen its net asset value (NAV) surge more than 18% in that short stretch.

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Global Markets- Money Morning - Only the News You Can Profit From.

  • Global Investing Roundup

    LAN Airlines Buys Boeing; Softbank Triples Earnings; J. Sainsbury Plummets 21%; Tongjitang Profits up 29%: LAN Airlines (LFL), the largest airline in Latin America, has finalized a contract with North American aircraft manufacturer Boeing (BA) for 26 long haul Dreamliner 787 passenger jets and two 777 freight aircraft, The Associated Press has reported. The Dreamliner […]

  • Global Investing Roundup

    Global Cash Taps Gambling Market; Goldman Sachs China Deal Denied; Ballard Power Unloads Fuel Cell Business; Miners' Strike Falters in Peru; Munich RE Sees 69% Profit Jump Global Cash Access Holdings, Inc. (GCA) said yesterday (Monday) that it has completed an agreement with one of Africa's largest banks, Absa Bank Ltd. The agreement allows the […]

  • Canadian Telecom Telus Misses Third-Quarter Estimates, Even With a 28 Percent Gain in Profits

    By William Patalon III Managing Editor Telus Corp. (TU), the Number Two telephone company in Canada, on Friday said that its third-quarter profits jumped 28%, thanks to increased customer spending on wireless phone services. But the results still fell short of analyst estimates because the increased wireless revenue couldn’t overcome the increase in lower-priced phone […]

  • Garmin Takes 5% Stake in Tele Atlas, Company it is Pursuing in Hostile Bidding Battle

    By William Patalon III Managing Editor Money Morning Garmin Ltd. (GRMN), the navigation device maker that’s locked in a bidding battle for digital mapmaker Tele Atlas NV (TLATF), has taken a 5.02% stake in that Dutch company, according to filings with the Dutch stock markets regulator AFM. AFM is The Netherlands’ version of the U.S. […]

  • Global Investing Roundup

    China Fires Raises Fuel Prices; Credit Suisse Suffers Losses; Tele Norte Takes Off; AstraZeneca Takes A Profit Hit In a move that came as a surprise to many, and a relief to oil refiners in the nation, the Chinese government raised the selling price for gasoline and diesel fuel by 10%. They hope the price […]

  • Global Investing Roundup

    Mapfre Buys Commerce Group; Deutsche Bank Outperform Estimates; Semiconductor Manufacturing International Reports 3Q Loss and Forecasts a 4Q Loss; Splenda Maker Posts Sour Earnings; Petrobras Ordered by Court to Pipes Running Mapfre SA, Spain's largest insurer, announced yesterday (Wednesday) that it is buying U.S. insurer Commerce Group, Inc. (CGI). The purchase of the Massachusetts-based insurer […]

  • Global Investing Roundup

    UBS Takes Credit Hit; Commodity Prices Dampen China Earnings; Bancolumbia Income Up 45%; HSBC Sells Credit Cards; Morgan Stanley Buys Japanese Beer… Swiss banking giant UBS AG (UBS) said yesterday (Tuesday) that it experienced a third-quarter net loss of $712 million, due in large part to difficulties in the U.S. mortgage securities markets. Most of […]

  • Global Investing Roundup

    Crude Surges as PEMEX Stumbles; Mitsubishi Electric Boosts Outlook; Fushi Finalizes Deal; Oriental Financial Reports Stellar Quarter From Staff Reports Crude-oil futures roared past $93 a barrel for the first time ever yesterday (Monday), closing at a record $93.53 a barrel on the New York Mercantile Exchange. Crude futures for December delivery hit an intraday […]

  • Guess Which Asian Index Jumped 80% This Year?

    Most people associate Bangladesh with catastrophic floods and chronic instability, but that country has actually come a long. According to the International Monetary Fund, growth is set to reach 7% this year, a 30-year high. A military-backed government has pushed through a series of reforms, and 26 state-owned enterprises (SOEs) are slated for sale. “It’s […]

  • Global Investing Roundup

    Merrill Writedown; STM Surprises; Longtop IPO Soars; Glaxo Cuts Costs; VW Deal Cleared Merrill Lynch & Co. Inc. (MER) yesterday (Wednesday) took $7.9 billion in mortgage-related writedowns  – $3.5 billion more than the company predicted only two weeks ago – for the third quarter, spawning fears that the global credit crisis might be entering a […]