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.
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...
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.
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.
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.
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).
Following the seizure of IndyMac by bank regulators on 11 July, and the emergency life-line extended to FreddieMac and FannieMae on 13 July, the U.S. Securities and Exchange Commission (SEC) has instituted an emergency rule applicable to 19 major financial firms (including FreddieMac and FannieMae) to curb short selling.
Stock Markets Channel Services:
Home |
Archived Content |
Blog Index |
Site Index |
Submit An Article |
Stock Markets Channel Information: About Us | Advertising | Contact Us | Directory | Privacy Statement | Terms of Use
All Rights Reserved ©1995 - 2011 NewMedia Holdings.
All trademarks and web sites that appear throughout this site are the property of their respective owners. No part of this site shall be reproduced, copied, or otherwise distributed without our express, written consent. All feeds and services are supplied and owned by the respective providers and are protected by copyright.
The information contained on this site is provided "as is" and for general informational purposes only. The information is not intended for trading purposes and is not investment advice. Neither StockMarkets.com or any independent providers accessible on this site is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing this site, you agree to refrain from redistributing, for commercial purposes, the information found therein.
