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• FCC Approval Ends Long Wait for Sirius XM Radio Merger - Editor, 31 July 2008 - No Comments yet

More than seventeen months have passed since the official announcement was made on 19 February 2007 to shareholders of Sirius Satellite Radio and XM Satellite Radio that the two companies would be merging, and the Federal Communications Commission (FCC) has finally approved the merger, with the New York City based merged company to trade under the name of Sirius XM Radio, Inc. This is no doubt welcome news to all who have been involved in the lengthy and complex merger/buy-out process.

• SEC Extends Ban on Abusive Short Selling - Editor, 30 July 2008 - No Comments yet

There has been a marked rebound in the financial sector since the announcement by the Securities and Exchange Commission (SEC) on 15 July to implement a temporary ruling on 21 July to curb short selling for nineteen of the financial sector’s biggest players. This has resulted in a mixed reaction from analysts who are left wondering whether this rebound is just coincidence, or is a direct result of the short selling curb.

• Sale of New Shares to Raise $8.5 billion for Merrill Lynch - Editor, 29 July 2008 - No Comments yet

Many investors agree that New York City-based company Merrill Lynch, is a force to be reckoned with in investment circles. Nevertheless, having lost more than $40 billion on its mortgage investments since the beginning of the credit crisis, it is clear that Merrill Lynch has not been impervious to the negative effects of the volatility of the current market. However, it still came as a shock to many when the company yesterday revealed its plan to raise $8.5 billion through the sale of new shares on the New York Stock Exchange.

• KKR Aims for Listing on NYSE - Editor, 28 July 2008 - No Comments yet

New York City-based private equity investment firm, Kohlberg Kravis Roberts and Co (KKR), has announced that an agreement has been concluded for the acquisition of all of the assets, as well as the assumption of all liabilities, of KKR Private Equity Investors (KPE). Moreover, KKR aims to become a listed company on the New York Stock Exchange (NYSE) by the end of the year.

• Financial Sector Apprehensive as Embattled Americans Dip into Retirement Savings - Editor, 25 July 2008 - No Comments yet

While investors may have been encouraged by the more than $20 drop in oil prices since 3 July, indications are that the American public as a whole is not coping too well with mounting economic pressures. This is evident by the fact that an increasing number of individuals are dipping into their savings and retirement funds to meet their monthly expenses, including mortgage payments, and this in turn is having a negative impact on the financial sector of the stock market.

• Investors Cautiously Optimistic as Oil Prices Drop and Markets Rally - Editor, 24 July 2008 - No Comments yet

Prior to 3 July it appeared that there was no stopping the rising oil prices and, understandably, many investors began to despair. The elevated oil price was one of the factors behind the prevailing bear market, and stock exchanges began to feel the negative effects of the resultant decrease in trading volumes. The general consensus has been that investors should be patient, sit tight, and wait for the bear to leave town.

• Ur-Energy Inc Received AMEX Listing Approval - Editor, 23 July 2008 - No Comments yet

Mining company Ur-Energy Inc. recently announced that it has received approval for the company’s common shares to be listed on the American Stock Exchange (AMEX) with trading expected to commence on Thursday 24 July 2008 under the symbol “URG”. Ur-Energy will retain its current listing on the Toronto Stock Exchange (URE-TSE).

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