Bloomberg:
- US telephone stocks’ decade of decline may be over as acquisitions spur earnings growth at companies including AT&T(T) and Verizon Communications(VZ).
- Morgan Stanley(MWD), Wall Street’s top money-maker in asset management until last year, lost the gift that keeps on giving to Goldman Sachs Group(GS).
- Samsung Electronics and Hynix Semiconductor, the world’s two largest makers of computer memory chips, raised prices for their biggest customers because of a shortage of microchips.
- The US Treasury may pay the lowest yield ever to borrow for 30 years in the first sale of the government’s longest-maturity bonds since August 2001.
- Crude oil rose for a second day after Iran said it would pursue nuclear research, defying the UN.
Wall Street Journal:
- The US nuclear-power industry will start an ad campaign, run by WPP Group Plc’s Hill & Knowlton American unit, that will seek to build support for new power plants.
- Singapore is challenging Switzerland as a provider of “discreet” banking services for the world’s super-rich.
- Sweden’s Hennes & Mauritz AB, Europe’s biggest clothing retailer, will speed up its expansion in the US market, as it seeks annual sales growth of at least 10% in the country.
- Talbots Inc.(TLB) is close to a deal to buy another Massachusetts-based women’s clothing retailer, J. Jill Group, for a price that might top $450 million.
- Mazda Motor, partly owned by Ford Motor(F), will lead a project to develop the basic architecture for the US carmaker’s next generation subcompact vehicle for the American market.
- A US administration effort to improve the process for developing new treatments may help the US pharmaceutical industry bring out new drugs.
- The SEC is making it easier for investors to find information about specific mutual funds on its database, known as Edgar.
- FedEx’s(FDX) depiction of a caveman getting crushed by a dinosaur after he failed to use the company was the most popular television ad during yesterday’s Super Bowl, according to an online Wall Street Journal survey.
USA Today:
- New voting machines will be used in at least 647 of the US’s 3,114 counties this year, the highest number since records began in 1980 and probably the most ever.
NY Post:
- NY’s video slot machine revenue rose 53.1% in 2005, making the Las Vegas-style machines the fastest-growing lottery game in the state.
- Elevation Partners LP, a private equity firm whose partners include rock star Bono, may bid on Take-Two Interactive(TTWO) in a deal that may be worth more than $1 billion including debt.
Boston Globe:
- More than half of Harvard University’s top deans and administrators have departed or said they plan to leave since Lawrence Summers became president in 2001.
LA Times:
- Pacific Gas & Electric and San Diego Gas & Electric plan to spend about $2 billion to install millions of real-time electricity meters in homes and small businesses to help customers save power.
Financial Times Deutschland:
- Carl Zeiss AG is mulling the purchase of US semiconductor-supplier FEI Co.(FEIC) for $1 billion.
Gulf News:
- Abu Dhabi National Oil Co. plans to build a refinery with capacity to produce up to 400,000 barrels a day.
Middle East Economic Survey:
- Qatar plans to boost its oil output capacity by a third to 1.1 million barrels a day within four years, citing Qatari oil minister.
Construction Week:
-.A four-year construction boom in Dubai, United Arab Emirates, may end after the emirate’s ruler ordered a slowdown in building work because supply of real estate, shopping malls and hotels is outpacing demand.
No comments:
Post a Comment