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News
- Short Selling Clamp Down - Editor, 22 July 2008 - No Comments yet
- Google-Yahoo Agreement Bitter Pill for Microsoft - Editor, 17 July 2008 - No Comments yet
- U.S. Government Steps Up To Rescue Faltering Mortgage Giants - Editor, 14 July 2008 - No Comments yet
- Bear Market Results in Reduced Trading Volumes - Editor, 9 July 2008 - No Comments yet
- Michael Dell’s Show of Confidence in Dell, Inc. Boosts Share Price - Editor, 4 July 2008 - No Comments yet
- Latin America’s Mobile-Phone Market Leader Takes Strain - Editor, 30 June 2008 - No Comments yet
- Who wants to be a Millionaire? - Editor, 27 June 2008 - No Comments yet
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.
Is Microsoft’s failed Yahoo takeover bid behind its argument that the Google-Yahoo agreement may be violating antitrust laws? Many analysts believe that this is the case. However, does this mean that Microsoft’s viewpoint is invalid? These are some of the questions being raised in the whole Microsoft-Google-Yahoo scenario which is dominating the news at present and which has been escalated to the Senate.
Following the news of unprecedented U.S. government support for Fannie Mae and Freddie Mac, players in the U.S. stock market are no doubt bracing themselves for a rocky ride this week. Shares in these two U.S. government sponsored enterprises (GSE) took a nose-dive on Friday 11 July, amidst market speculation that the U.S. government was on the brink of taking them over in an effort to resolve their current funding problems.
In the current bear market, plenty of attention is being focused on investors and the negative impact this is having on their investments. Advice on how to handle the situation abounds, with the general view being that riding out the storm may be the best option. But while sympathetic sentiments are being expressed for investors, spare a thought for the people who make their living from managing other peoples’ investments.
In a decisive demonstration of his confidence in the company, Michael Dell, founder and CEO of Dell, Inc., bought nearly $100 million in Dell shares. From Friday 27 June through to Tuesday 2 July, Dell purchased 4.5 million shares at an average of $22.07 per share. This is the first time in the past five years that a purchase of this size has been made by an individual insider at any company. This recent purchase brought his direct holdings to 22 million shares, securing Michael Dell’s position as Dell Inc.’s largest shareholder.
Despite past market performance by Latin America’s largest mobile-phone company, America Movil, which until recently showed more than a twenty percent increase in customers, analysts are predicting that the financial quarter ended 30 June 2008 is likely to reveal the company’s worst quarterly stock performance in the past six years. It would seem that, in part, this situation can be attributed to the slowing down of subscriber growth as well as the possible intervention of regulators with regard to mobile call costs.
Despite the ongoing credit crisis and sluggish economic growth in many countries, the 12th annual World Wealth Report released recently by Merrill Lynch and Gapgemini revealed that the number of millionaires (otherwise referred to as the world’s high net worth individuals – HNWIs) world-wide has increased by six percent to 10.1 million with a combined wealth of $40.7 trillion during 2007.
Recent Videos
- Video: Most Expensive Cities in 2008 - Thursday 24 July 2008, 9:56 pm
- Video: Spotlight: Qualcomm (Part 2) - Thursday 24 July 2008, 9:45 pm
- Video: Spotlight: Qualcomm (Part 1) - Thursday 24 July 2008, 9:38 pm
- Video: Sector to Watch: Financials - Thursday 24 July 2008, 9:33 pm
- Video: Final Word - Stock Focus: Terex - Thursday 24 July 2008, 9:30 pm
Recent Articles
- Google-Yahoo Agreement Bitter Pill for Microsoft - Editor, Thursday 17 July 2008
- U.S. Government Steps Up To Rescue Faltering Mortgage Giants - Editor, Monday 14 July 2008
- Bear Market Results in Reduced Trading Volumes - Editor, Wednesday 9 July 2008
- Michael Dell’s Show of Confidence in Dell, Inc. Boosts Share Price - Editor, Friday 4 July 2008
- Latin America’s Mobile-Phone Market Leader Takes Strain - Editor, Monday 30 June 2008
Recent Comments
- 29 April 2008, 03:23 am: By Dhan - Take This Financial Planning Gift Horse...
- 25 April 2008, 12:58 am: By asiaconsult - The ‘No Comment’ Clue to Mortgage...
- 24 April 2008, 02:21 am: By Investa - How Your Financial Planning Can Benefit...
- 23 April 2008, 04:56 am: By Mint - A Stock on Which You Can Bank










