February 23rd, 2012
Global Equity Strategy: Déjà vu – 2012 versus 2011
Global Equity Strategy: Déjà vu – 2012 versus 2011 The start of 2012 looks eerily similar to that of 2011. In both cases, the economy had started to rebound in the summer of the previous year – and went into the new year with strong positive momentum. Strong macro momentum and stimulatory policy (QE3 in [...]
GE, ABB in ‘Arms Race’ Over Clean Energy, Chrysalix CEO Says
GE, ABB in ‘Arms Race’ Over Clean Energy, Chrysalix CEO Says Siemens AG, ABB Ltd., General Electric Co. and Mitsubishi Corp. are among the Fortune 500 companies competing over clean energy investments, and there will be more acquisitions as the industry matures, according to Chrysalix Energy Venture Capital. They “have really realized that cleantech now [...]
Sears to Raise Up to $770 Million With Store Sales, Split
Sears to Raise Up to $770 Million With Store Sales, Split Sears Holdings Corp. plans to raise as much as $770 million by selling 11 store sites and separating some smaller-format businesses after posting its largest quarterly loss in at least nine years. The shares surged. The rights offering to separate the Hometown and Outlet [...]
Silver Lake Sees Fresh Round of Telecommunications Takeovers
Silver Lake Sees Fresh Round of Telecommunications Takeovers Silver Lake, the largest private- equity company focused on the technology industry, expects buyout firms to zero in on makers of telecommunications and mobile-phone gear this year, spurring a new round of dealmaking. Private-equity firms will ramp up investments in suppliers of phone equipment and wireless handsets, [...]
Cable & Wireless Tempts Vodafone With Lowest Valuation
Cable & Wireless Tempts Vodafone With Lowest Valuation With Cable & Wireless Worldwide Plc languishing as the world’s cheapest telecommunications carrier, Vodafone Group Plc and private equity firms may not be able to resist making offers for the British fiber-network operator. After losing 70 percent of its market value in less than two years, Cable [...]
Shell ’s Cove Bid Starts Race for East African Gas Fields
Shell ’s Cove Bid Starts Race for East African Gas Fields Royal Dutch Shell Plc’s $1.6 billion bid for Cove Energy Plc starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more than Norway’s entire reserves. Winning Cove would give Shell an 8.5 percent stake in a block where [...]
Polypore Slides 14%; Named Top Alt-Energy Short at Axiom Capital
Polypore Slides 14%; Named Top Alt-Energy Short at Axiom Capital Polypore slides 14% pre-mkt after last night announcing 4Q EPS miss, sees 1Q results down Q/q; hosts call 9am 719-325-4784 pw 8264791. * Axiom Capital says PPO is now top alt-energy short, L-T thesis “materializing more quickly than expected”; 4Q results suggest ‘‘significant’’ lithium-ion battery [...]
Hewlett-Packard Falls in Germany as Forecast Misses Estimates
Hewlett-Packard Falls in Germany as Forecast Misses Estimates Hewlett-Packard Co. stock fell in German trading after the U.S. computer manufacturer’s fiscal second-quarter profit forecast fell short of analysts’ estimates as consumers curtailed personal-computer purchases. The shares declined 1.8 percent to $28.42 at 10:33 a.m. in Frankfurt, the lowest since Jan. 31, based on closing prices. [...]
Vivus Doubles After Winning Panel Backing for Weight-Loss Pill
Vivus Doubles After Winning Panel Backing for Weight-Loss Pill Vivus Inc. more than doubled in early trading after the company’s weight-loss pill Qnexa won the backing of a U.S. advisory panel, moving a step closer to gaining approval as the first new obesity drug in 13 years. Vivus gained $12.20 to $22.75 at 7:44 a.m. [...]
Facebook Insiders Limit IPO by Pushing $100 Billion Value
Facebook Insiders Limit IPO by Pushing $100 Billion Value Facebook Inc. is already trading like a public company as insiders and wealthy investors use private marketplaces to buy and sell stock in the social- networking company ahead of its initial offering. The shareholder base has grown to more than 1,000, compared with the 50 to [...]
