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Global Markets

Global Investing Roundup

Isuzu Profits Skid; Telefonica Dials Up Big Profits; Sinotruck IPO Should Haul Away $1.2 Billion; Rexel Finds Breaking Up Easy To Do; Doral Loses $70.5 million For Third Quarter  Isuzu Motors Ltd. (ISUZY) of Japan yesterday (Monday) announced it had experienced a 26% drop in third-quarter operating profits, according to Reuters News Agency. The company […]

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Global Investing Roundup

China Merchants Opens in U.S.; Kirin Buys National Foods; Private Equity Up "Down-Under" China Merchants Bank (CIHHF), the sixth-largest lender in China, has been given the green light by the U.S. Federal Reserve to open for business in the United States. China had been pressuring the United States government to allow Chinese banks to enter […]

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Global Investing Roundup

Optibase Narrows Loss; Manulife Profits Jump 10% Profits; Biggest Takeover Ever Down Under; ING Sidesteps Subprime Pains – Maybe Optibase Ltd. (OBAS), an advanced digital-video solutions based in Israel, announced that third-quarter revenue soared 21% to $5.2 million – up from $4.3 million in 2006. The company reported that losses for the quarter narrowed by […]

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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 […]

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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 […]

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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 […]

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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. […]

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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 […]

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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 […]

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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 […]

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