By David Jones and Brad DorfmanLONDON/CHICAGO (Reuters) - Italy's Ferrero and U.S.-based Hershey Co are considering a bid for chocolatier Cadbury Plc CBRY, but Kraft Foods Inc KFT is still seen as the front-runner with its $16.8 billion hostile offer.Hershey HSY and family-owned Ferrero, the maker of Nutella chocolate spread,...
DailyFinance: Ask any investor, and he'll tell you the best place to enter the market is at the bottom. Buy low and sell high, right? The institutional crowd knows this lesson best, and after a rocky year in traditional financial markets, many are now drawn to ... Read more
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3Com Corp (NASDAQ: COMS) rose over 30% to a yearly high of $7.52 after Hewlett-Packard, the PC maker, announced plans to buy 3Com for $2.7 billion.
Advanced Micro Devices Inc. (NYSE: AMD) rose over 20% to a yearly high of $6.73 after the announcement that the company would receive $1.25 billion from Intel Corp. (NASDAQ: INTC) [...]
The market gave back the gains we saw following the initial positive reaction to falling jobless claims. The Dow’s 6-session winning streak came to an end, as sellers decided to book some of the recent gains.
Volume finished on the low side at the NYSE with 4.16 Billion shares traded. Volume picked up over on the [...]
Asian stocks gain on G-20 stimulus, Axa takeover; treasuries, dollar fall.China may “soon” issue measures to limit the use of debt in real-estate purchases.Crude oil rises above $78/bbl as Hurricane Ida entered the Gulf of Mexico.Gold surged to records (hits $1,105.11/oz) on a weakening dollar.House health bill unacceptable to many in SenateIndia will pull back on its easy fiscal stance next year, sees 7+% growth next year:PMTreasuries fall as Asian stocks rose, US prepares to sell record $81B of debt this week.AES will sell $1.58 billion in stock to China's sovereign-wealth fund.AIG tapped its Treasury Dept. $4.2B in aid of restructuring.Allianz Q3 net more than doubles to €1.3B, revs at €22B vs.[More...]
BloggingStocks: Sotheby's (NYSE: BID) had a great night this week, tripling the performance of competitor Christie's (OTC: CRUPF). But, it didn't come soon enough to help the company's third quarter results.
The auction house suffered from the art market slump ... Read more
It has been quite a while since I’ve updated folks on the status of my Fat Pitch Financials Value Portfolio. I launched this paper portfolio back in September of 2004 on Marketocracy with a virtual starting balance of $1 million and a per share value of $10. I created this paper portfolio shortly after I [...]
Tony Daltorio, Investment U Research
According to the World Bank, the global middle class could grow to 1.15 billion in 2030 – a huge jump from the 430 million middle class folks in 2000.
Driving the extraordinary growth is… you guessed it, the emerging “BRIC” nations. In 2000, developing countries like China, Brazil [...]
Sotheby's (Public, NYSE:BID) stock in one year has ranged from $61 to $23. Last Friday shares tanked 8% and yesterday we flirted with a new 52-week low. But today shares are up 5% and trading around $25, so now what?
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Sotheby's (Public, NYSE:
