By Mike Caggeso Staff Writer Vietnam's economy has grown 8.16% in the first nine months of 2007, its best economic performance in 10 years, according to that country's General Statistic Office. At its current pace, it will hit its 2007 growth target of 8.2% to 8.5%, the China Post reported. Last year, its overall GNP […]
Technology Article
Who's Gaining Ground in the Global PC Wars?
By Jason Simpkins Staff Writer The personal computer industry is one of the most competitive in the world, with top guns Hewlett-Packard Co. (HPQ) and Dell Inc. (DELL), battling for market share in the United States and abroad. Moreover, margins for computer makers have come down dramatically, now hovering around 10%. And with wildly fluctuating […]
Garmin Shares Rebound After Analyst Says Fears of Nokia-Navteq Are Overblown
From Staff Reports Shares of personal navigation device maker Garmin Ltd. (GRMN) bounced back after a rocky two days Thursday, after a Deutsche Bank AG (DB) analyst said the sale of Navteq Corp. (NVT), which provides Garmin with map data, is not a threat to Garmin's business. The analyst, Jonathan Goldberg, maintained his "Buy" rating […]
Savaged Garmin Battles Back With Cell Phone Navigation Software
From Staff Reports In one of those ultimate business ironies, just days after its shares were pounded by investors over fears it would flounder because of competition from "smart" cell phones, GPS-maker Garmin Ltd. (GRMN) yesterday (Wednesday) introduced a $99 software package that turns "smart" wireless phones into high-end navigation units. The shares of the […]
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 […]
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 […]
Google Studies High-Speed Undersea Cable to Asia
From Staff Reports In a move that highlights both Google Inc.'s ambitious global vision – and the massive infrastructure investments required to make that vision a reality – search-engine giant Google Inc. (GOOG) is in early discussions to invest in a group looking to lay a high-speed telecommunications cable beneath the Pacific Ocean. The project […]
Texas Instruments Raises Buyback, Increases Dividend
From Staff Reports Texas Instruments Inc. (TXN), the world's biggest maker of mobile-phone chips, last week boosted its existing share buyback plan by $5 billion and also increased its dividend for the second time this year. The objective: To raise investor confidence after two quarters of to reassure investors after two quarters of declining profit. […]
Google to Hit $600 a share? Looks That Way, Media Writer Says
From Staff Reports Google Inc. (GOOG) at $600 a share? Media analyst and columnist Paul R. La Monica says it’s more than just possible – it’s probable. The shares of the search-engine gorilla dipped below the $500 level in mid-August after the company missed its second-quarter earnings numbers in July. Then there’s the credit crunch, […]
Global Business Roundup: BoE Injects $20B, Steel Prices Surge, Arcelor on the Prowl, Mitsubishi Plugs Into Russia, H-P is Taken With Taiwan, Hyundai Eyes China, and More
In other top business and financial stories from around the world: The Bank of England said yesterday (Wednesday) that it would inject $20 billion into the long-term money markets next week because of the ongoing worldwide credit crunch. The British central bank is addressing liquidity issues in the so-called “Interbank” market – where commercial banks […]