From Staff Reports At a time when the U.S. stock market is at its volatile worst, the initial public offering of a high-tech company is looking better all the time. The VMware computer-virtualization unit of data-storage giant EMC Corp. (NYSE: EMC) has just boosted the size of its initial public offering to as much as $1.1 […]
Technology Article
AIG Gets OK to Buy Stake in Bulgarian Telecom Operator
From Staff Reports The European Commission (EC) has given AIG Global Investment Group the green light to acquire 65% of Bulgarian Telecommunications Co. (BTC), the Eastern European country’s largest landline telecommunications operator, for $1.47 billion. AIG Global Investment Group is the private-equity investment arm of American International Group Inc. (NYSE: AIG). The EC ruled that […]
Potential Battery Woes Reportedly Cause Toyota to Delay Hybrids
From Staff Reports Toyota Motor Corp. (NYSE: TM) has delayed the product launch dates of some proposed new high-mileage hybrid cars that will use lithium-ion battery technology. The Wall Street Journal said that major safety concerns relating to the new type of batteries was behind the decision. The decision is a blow to Toyota, whose […]
Cisco Results Point to Continued Online Profit Opportunities
From Staff Reports Projections of continued strong global growth combined with fourth-quarter results that leapfrogged analyst estimates were enough to send the shares of networking giant Cisco Systems Inc. (Nasdaq: CSCO) up nearly 7% yesterday (Wednesday). "We're at the right time with the right products. And the economy, from my perspective, on a global basis […]
Dubai Employs the Latest Private Equity Strategies to Boost its Shifting Economy
By Mike CaggesoAnd William Patalon III Just two days after Dubai Aerospace Enterprise offered to buy Auckland International Airport in New Zealand for as much $2.1 billion, the government-run aviation investment group announced a week ago that it is scouting airport projects in Europe. Only three months ago, Dubai Aerospace Enterprise, or DAE, agreed to […]
News Corp. and Dow Jones Reach Deal Last Night
From Staff Reports It appears that media mogul Rupert Murdoch finally has his prize. The boards of directors of Wall Street Journal parent Dow Jones & Co. Inc., and Murdoch’s News Corp. (NYSE: NWS) late yesterday were reported to have approved a deal in which News Corp. will buy Dow Jones for $5 billion in […]
Defensive Investing is One Key to Profits in Uncertain Markets
The world's stock markets have taken to making sharp downward lurches recently, worrying even those investors who made good profits from the record market upswings. At some point, these lurches could turn into a genuine bear market, a reality that raises that age-old investor question: Is there anywhere to hide?
Online Spending Boom Creates Profit Opportunity in European Markets
Online marketing outlays in Europe will more than double by 2012, a new study says, an explosion in spending that should create investment opportunities in both the high-tech and marketing sectors.
Sarkozy Engineers Investment Opportunity - For Airbus and For U.S. Investors.
In a deal that new France President Nicholas Sarkozy helped engineer, a private-equity firm controlled by the Dubai government has invested $850 million to purchase a 3.1% strategic stake in the troubled parent of European airliner-maker Airbus SAS.