Market Gawk

United States Market and Economy

June 20th, 2007

Asia resumes record-setting run led by Hong Kong

HONG KONG (MarketWatch) — Asian markets were trading higher on Wednesday, with Japan’s Nikkei 225 index up on gains in automakers Toyota Motor Corp. and Nissan Motor Co., while the Hong Kong benchmark hit a record high led by gains in shares of China-incorporated firms.

Original post by FeedZilla

June 20th, 2007

Microsoft to change Vista search function, DOJ says

WASHINGTON (MarketWatch) — Microsoft Corp. agreed to make changes to its new Vista operating system’s desktop search function, addressing a complaint by Google Inc., the Justice Department told the federal court overseeing Microsoft’s 2002 settlement with federal and state trustbusters.

Original post by FeedZilla

June 20th, 2007

China Moves To Restrain Exports

Cuts in tax rebates on exports should reduce trade surplus, but likely less effective than currency appreciation.

Original post by FeedZilla

June 20th, 2007

links for 2007-06-20

A Few Good CEOs | Wallstrip
In the wake of Koslowski’s recent sentencing, Wallstrip’s crack investigative team has uncovered secret tapes of internal Tyco meetings before the allegations surfaced. Could the famous CEO even be lying about his baldness? You’ll have to watch and
(tags: stocks)

Interest rates & the US Dollar « HeadlineCharts
Perhaps not so well known […]

Original post by FeedZilla

June 20th, 2007

Stockholders’ best ally is breakingviews.com

NEW YORK (MarketWatch) — A driven, controversial media chief covets a world-class newspaper and stuns Wall Street by making a tempting takeover offer for its parent. He appears to be closing in on the prize, when another serious bidder emerges at the 11th hour. In a nutshell, that’s the Dow Jones takeover saga, the perfect story for breakingviews.com.

Original post by FeedZilla

June 20th, 2007

Sterlite Shares Soar On NYSE After $1.75B Offering

The miner successfully pulls off one of the biggest U.S. IPOs by an Indian company.

Original post by FeedZilla

June 20th, 2007

PetroChina hits record on Shanghai share-sale plan

HONG KONG (MarketWatch) - PetroChina shares rose to a record in Hong Kong trading Wednesday after the oil giant said it plans to sell as many as 4 billion shares in Shanghai to fund oil and gas exploration, make overseas acquisitions, and build refineries and pipelines.

Original post by FeedZilla

June 20th, 2007

Kerzner, MGM Mirage in talks for Vegas casino: report (Reuters)

MGM Mirage Inc. is in talks with resort developer Kerzner International Ltd. to develop a multi-billion dollar casino resort on the Strip in Las Vegas, The Wall Street Journal Online reported on Wednesday.

Original post by FeedZilla

June 20th, 2007

Stocks set for upbeat start

Stocks looked set to open higher Wednesday ahead of earnings from economic bellwether FedEx and investment bank Morgan Stanley.

Original post by FeedZilla

June 20th, 2007

PetroChina eyes $5.7bn Shanghai listing

PetroChina announced it would launch one of the biggest ever initial public offerings on the mainland market, raising about $5.7bn in a Shanghai listing.

Original post by FeedZilla