The following is a list of companies whose shares may have unusual price changes in Canadian markets. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index rose 263.03, or 2 percent, to 13,632.15.
Canadian Pacific Railway Ltd. (CP CN): Debt for the country's second-largest railroad was cut to the lowest investment-grade rating by Moody's Investors Service, which cited the carrier's pending purchase of the Dakota, Minnesota & Eastern Railroad Corp. Canadian Pacific added $1.50 to $64.75.
Quebecor Inc. (QBR/B CN): Canada's government will block the country's largest phone companies from buying some airwaves in a planned auction next year, setting them aside for new wireless carriers to foster competition. The government will permit Quebecor Inc. and companies that have less than 10 percent of the national wireless market to bid on an exclusive 40-megahertz block of airwaves. Quebecor added 12 cents to C$37.06.
microcapinvest.com
четверг, 29 ноября 2007 г.
Braskem, Cicsa, Endesa, Geo, Masisa, Tam: Latin Equity Preview
The following stocks may make significant gains or losses in Latin American markets today. Symbols are in parentheses after company names, and stock prices are from the last session.
The Morgan Stanley Capital International index of Latin American shares rose 5.9 percent to 4,243.88 yesterday.
In Brazil, preferred shares are the most commonly traded class of stock.
Brazil
Banestes SA Banco do Estado do Espirito Santo (BEES3 BS): The bank controlled by the state government of Espirito Santo plans to sell non-voting shares in an additional offering. The bank will sell new shares and the state government will sell a minority stake of existing shares, according to a filing posted yesterday on Brazil's securities regulator Web site. Banestes didn't disclose the amount or price of preferred shares that it plans to sell. The Vitoria, Brazil-based bank fell 16 centavos, or 10 percent, to 1.42 reais.
Braskem SA (BRKM5 BS): Latin America's biggest petrochemical company was given a new Ba1 rating by Moody's Investors Services, one level below investment grade. Sao Paulo- based Braskem has ``moderate pricing power'' for its products and ``above industry average'' margins, the ratings company wrote in a statement distributed yesterday. Braskem rose 68 centavos, or 4.8 percent, to 14.79 reais.
TAM SA (TAMM4 BS): Chief Executive Marco Bologna stepped down yesterday and will be replaced by David Barioni Neto as head of Brazil's biggest airline by market share. Barioni, who was hired away from rival Gol Linhas Aereas Inteligentes SA this year, was formerly the vice president of operations of TAM, the company said in a statement distributed yesterday by PR Newswire. TAM rose 2.04 reais, or 4.3 percent, to 49.53 reais.
microcapinvest.com
The Morgan Stanley Capital International index of Latin American shares rose 5.9 percent to 4,243.88 yesterday.
In Brazil, preferred shares are the most commonly traded class of stock.
Brazil
Banestes SA Banco do Estado do Espirito Santo (BEES3 BS): The bank controlled by the state government of Espirito Santo plans to sell non-voting shares in an additional offering. The bank will sell new shares and the state government will sell a minority stake of existing shares, according to a filing posted yesterday on Brazil's securities regulator Web site. Banestes didn't disclose the amount or price of preferred shares that it plans to sell. The Vitoria, Brazil-based bank fell 16 centavos, or 10 percent, to 1.42 reais.
Braskem SA (BRKM5 BS): Latin America's biggest petrochemical company was given a new Ba1 rating by Moody's Investors Services, one level below investment grade. Sao Paulo- based Braskem has ``moderate pricing power'' for its products and ``above industry average'' margins, the ratings company wrote in a statement distributed yesterday. Braskem rose 68 centavos, or 4.8 percent, to 14.79 reais.
TAM SA (TAMM4 BS): Chief Executive Marco Bologna stepped down yesterday and will be replaced by David Barioni Neto as head of Brazil's biggest airline by market share. Barioni, who was hired away from rival Gol Linhas Aereas Inteligentes SA this year, was formerly the vice president of operations of TAM, the company said in a statement distributed yesterday by PR Newswire. TAM rose 2.04 reais, or 4.3 percent, to 49.53 reais.
microcapinvest.com
пятница, 23 ноября 2007 г.
Gryphon, Medoro, StrataGold, TransCanada: Canada Equity Preview
The following is a list of companies whose shares may have unusual price changes in Canada. Stock symbols are in parentheses after company names and prices are from the last close in Toronto.
The Standard & Poor's/TSX Composite Index climbed 100.42, or 0.8 percent, to 13,381.
Gryphon Gold Corp. (GGN CN): The explorer for gold in the U.S. said it raised C$2.6 million through the sale of 3.25 million units, consisting of one share and a purchase warrant for another share, at a price of 80 cents apiece. The company expects to sell another 3.5 million units by Dec. 15. In its statement, carried on Market Wire, Gryphon did not name the buyers in the private sale. The shares fell 1 cent to 74 cents.
Medoro Resources Ltd. (MRS CN): The company, which explores for gold on the Italian island of Sardinia, said it raised C$2.25 million by selling equity to investors whom it did not identify. The company sold 3.3 million units, consisting of one share and one share purchase warrant, at a price of 68 cents apiece, Gryphon said in a statement on Canada NewsWire. The shares fell 8 cents, or 12 percent, to 60 cents.
StrataGold Corp. (SGV CN): The bullion explorer said in a statement carried on Canada NewsWire that it has identified two new ``gold zones'' in drilling near its Tassawini deposit in Guyana. The shares added 1 cent to 41 cents.
TransCanada Corp. (TRP CN): The owner of Canada's biggest pipeline system may be among bidders for the natural-gas storage assets of U.S. oil company Chevron Corp. (CVX US) in British Columbia, Mergermarket reported on its Web site, citing a source it did not name.
Mergermarket said that Chevron plans to sell the assets, which could fetch more than $1 billion, to focus on oil-sands and arctic natural-gas projects. Chevron spokesman David Palmer confirmed the decision to sell. Goldman Sachs Group Inc. and other U.S. buyout firms may also bid, Mergermarket said. TransCanada shares added 4 cents to C$38.90.
pennystockbusiness.net
The Standard & Poor's/TSX Composite Index climbed 100.42, or 0.8 percent, to 13,381.
Gryphon Gold Corp. (GGN CN): The explorer for gold in the U.S. said it raised C$2.6 million through the sale of 3.25 million units, consisting of one share and a purchase warrant for another share, at a price of 80 cents apiece. The company expects to sell another 3.5 million units by Dec. 15. In its statement, carried on Market Wire, Gryphon did not name the buyers in the private sale. The shares fell 1 cent to 74 cents.
Medoro Resources Ltd. (MRS CN): The company, which explores for gold on the Italian island of Sardinia, said it raised C$2.25 million by selling equity to investors whom it did not identify. The company sold 3.3 million units, consisting of one share and one share purchase warrant, at a price of 68 cents apiece, Gryphon said in a statement on Canada NewsWire. The shares fell 8 cents, or 12 percent, to 60 cents.
StrataGold Corp. (SGV CN): The bullion explorer said in a statement carried on Canada NewsWire that it has identified two new ``gold zones'' in drilling near its Tassawini deposit in Guyana. The shares added 1 cent to 41 cents.
TransCanada Corp. (TRP CN): The owner of Canada's biggest pipeline system may be among bidders for the natural-gas storage assets of U.S. oil company Chevron Corp. (CVX US) in British Columbia, Mergermarket reported on its Web site, citing a source it did not name.
Mergermarket said that Chevron plans to sell the assets, which could fetch more than $1 billion, to focus on oil-sands and arctic natural-gas projects. Chevron spokesman David Palmer confirmed the decision to sell. Goldman Sachs Group Inc. and other U.S. buyout firms may also bid, Mergermarket said. TransCanada shares added 4 cents to C$38.90.
pennystockbusiness.net
Alfa, Banorte, Cosan Industria, Vale: Latin Equity Preview
The following stocks may make significant gains or losses in Latin American markets today. Symbols are in parentheses after company names, and stock prices are from the last session.
The MSCI index of Latin American shares rose 1 percent to 4,177.09 yesterday. In Brazil, preferred shares are the most commonly traded class of stock.
Brazil
Cia. Vale do Rio Doce (VALE5 BS): The world's largest iron- ore producer will postpone about 20 iron-ore shipments in December. The number of ships waiting to load ore at Vale's Ponta da Madeira port near Sao Luis, Brazil, doubled to 14 today from seven a month earlier, Vale said on its Web site yesterday. Seasonal rains reduced output, and protests that blocked a railroad disrupted shipments from Carajas, the world's biggest iron-ore mine, spokesman Fernando Thompson said yesterday in a phone interview. Vale shares rose 40 centavos, or 0.8 percent, to 49 reais.
Cosan SA Industria e Comercio (CSAN3 BS): The world's biggest sugar-cane processor may lose revenue as sugar prices drop on speculation supply is expanding. The supply surplus, mostly caused by higher production in India, may reach 14 million metric tons this season, equal to about 10 percent of global demand, according to ED&F Man Holdings Ltd., the largest sugar trader. Cosan shares rose 33 centavos, or 1.6 percent, to 20.98 reais.
Mexico
Alfa SAB (ALFAA MM): Fitch Ratings gave an AA rating to 2.5 billion pesos ($227.7 million) of domestic debt issued by the Nemak unit of Mexico's largest maker of engine heads, Fitch said in a statement e-mailed yesterday. The rating is the third- highest for domestic debt. The 7-year notes are partially guaranteed by a government investment agency, Fitch said. Alfa shares were unchanged at 70.17 pesos.
Grupo Financiero Banorte SA (GFNORTEO MM): Mexico's largest publicly traded bank said it sold 5.34 billion pesos ($487 million) of bonds backed by municipal and state government loans. The bank did not disclose additional details about the debt in a statement e-mailed yesterday. Banorte shares rose 45 centavos, or 1 percent, to 46.31.
pennystockbusiness.net
The MSCI index of Latin American shares rose 1 percent to 4,177.09 yesterday. In Brazil, preferred shares are the most commonly traded class of stock.
Brazil
Cia. Vale do Rio Doce (VALE5 BS): The world's largest iron- ore producer will postpone about 20 iron-ore shipments in December. The number of ships waiting to load ore at Vale's Ponta da Madeira port near Sao Luis, Brazil, doubled to 14 today from seven a month earlier, Vale said on its Web site yesterday. Seasonal rains reduced output, and protests that blocked a railroad disrupted shipments from Carajas, the world's biggest iron-ore mine, spokesman Fernando Thompson said yesterday in a phone interview. Vale shares rose 40 centavos, or 0.8 percent, to 49 reais.
Cosan SA Industria e Comercio (CSAN3 BS): The world's biggest sugar-cane processor may lose revenue as sugar prices drop on speculation supply is expanding. The supply surplus, mostly caused by higher production in India, may reach 14 million metric tons this season, equal to about 10 percent of global demand, according to ED&F Man Holdings Ltd., the largest sugar trader. Cosan shares rose 33 centavos, or 1.6 percent, to 20.98 reais.
Mexico
Alfa SAB (ALFAA MM): Fitch Ratings gave an AA rating to 2.5 billion pesos ($227.7 million) of domestic debt issued by the Nemak unit of Mexico's largest maker of engine heads, Fitch said in a statement e-mailed yesterday. The rating is the third- highest for domestic debt. The 7-year notes are partially guaranteed by a government investment agency, Fitch said. Alfa shares were unchanged at 70.17 pesos.
Grupo Financiero Banorte SA (GFNORTEO MM): Mexico's largest publicly traded bank said it sold 5.34 billion pesos ($487 million) of bonds backed by municipal and state government loans. The bank did not disclose additional details about the debt in a statement e-mailed yesterday. Banorte shares rose 45 centavos, or 1 percent, to 46.31.
pennystockbusiness.net
вторник, 20 ноября 2007 г.
Agnico-Eagle, Bombardier, Metro: Canadian Equity Mover Preview
The following is a list of companies whose shares may have unusual price changes in Canada. Stock symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index rose 111.53, or 0.8 percent, to 13,459.77.
Agnico-Eagle Mines Ltd. (AEM CN): The owner of Canada's biggest gold deposit said that investors exercised 6.88 million share warrants before they expired Nov. 14. The company received $130.6 million after issuing almost 6.88 million shares, Agnico- Eagle said in a statement distributed on PRNewswire. The shares rose C$3, or 6.3 percent, to C$50.80.
Bombardier Inc. (BBD/B CN): The world's third-largest maker of commercial aircraft won an order from Australia's Qantas Airways Ltd. (QAN AU) for 12 Q400 turboprop planes. The order is worth $339 million, Bombardier said in a release distributed by Market Wire.
Bombardier said in a separate statement on Market Wire that it sold four CRJ700 regional jets to closely held GoJet Airlines of St. Louis. That order is worth about $137.5 million, Bombardier said. The shares slipped 1 cent, or 0.2 percent, to C$5.35.
Metro Inc. (MRU/A CN): Canada's third-biggest supermarket chain named Eric Richer La Fleche chief executive officer to replace Pierre Lessard, who will retire next year. La Fleche, 45, will take the new position on April 1, when Lessard retires, the Montreal-based company said in a statement sent by Canada NewsWire. The shares, down 23 percent this year, gained 20 cents, or 0.7 percent, to C$29.20.
fastgrowthstock.com
The Standard & Poor's/TSX Composite Index rose 111.53, or 0.8 percent, to 13,459.77.
Agnico-Eagle Mines Ltd. (AEM CN): The owner of Canada's biggest gold deposit said that investors exercised 6.88 million share warrants before they expired Nov. 14. The company received $130.6 million after issuing almost 6.88 million shares, Agnico- Eagle said in a statement distributed on PRNewswire. The shares rose C$3, or 6.3 percent, to C$50.80.
Bombardier Inc. (BBD/B CN): The world's third-largest maker of commercial aircraft won an order from Australia's Qantas Airways Ltd. (QAN AU) for 12 Q400 turboprop planes. The order is worth $339 million, Bombardier said in a release distributed by Market Wire.
Bombardier said in a separate statement on Market Wire that it sold four CRJ700 regional jets to closely held GoJet Airlines of St. Louis. That order is worth about $137.5 million, Bombardier said. The shares slipped 1 cent, or 0.2 percent, to C$5.35.
Metro Inc. (MRU/A CN): Canada's third-biggest supermarket chain named Eric Richer La Fleche chief executive officer to replace Pierre Lessard, who will retire next year. La Fleche, 45, will take the new position on April 1, when Lessard retires, the Montreal-based company said in a statement sent by Canada NewsWire. The shares, down 23 percent this year, gained 20 cents, or 0.7 percent, to C$29.20.
fastgrowthstock.com
Ekco, Grupo Mexico, Petrobras, Telmex: Latin Equity Preview
The following stocks may make significant gains or losses in Latin American markets today. Symbols are in parentheses after company names, and stock prices are from the last session.
The MSCI index of Latin American shares fell 0.6 percent to 4,292.56 yesterday. Brazilian markets were closed for a holiday yesterday.
In Brazil, preferred shares are the most commonly traded class of stock.
Brazil
Redecard SA (RDCD3 BS): Bear Stearns & Co. reiterated its ``outperform'' rating on the processor of credit card and debit card transactions, analyst Paulo Ribeiro wrote in a research note yesterday after spending time ``on the road'' with the company's management. Redecard fell 1.41 real, or 4 percent, to 33.50 reais on Nov. 19.
Petroleo Brasileiro SA (PETR4 BS): Brazil's state- controlled oil company may rise after its Argentine listing (APBR AF) gained 2.2 percent and crude oil rose to a record yesterday when Sao Paulo trading was closed. Also, operations started at the company's FPSO Cidade de Vitoria platform in Espirito Santo Sea, the company said in a Nov. 19 statement. In Sao Paulo, shares fell 1.5 real, or 1.9 percent, to 77.30 reais.
Chile
Embotelladora Andina SA (ANDINAB CC): David Riedel of Riedel Research upgraded Chile's Coca-Cola distributor to ``buy,'' he wrote in an e-mailed research note yesterday, citing positive prospects at its Brazilian operations and the company's ``solid'' financial profile. Andina fell 19 pesos, or 1.2 percent, to 1,560 pesos in Santiago yesterday.
Mexico
Ekco SAB (EKCO* MM): The Mexican producer of steel and aluminum cookware said shareholders will have 15 days starting Nov. 26 to buy stock in a rights offering of as many as 31 million new shares. The price for shareholders is 9.27 centavos each, Ekco said in an e-mail statement to the Mexican stock exchange yesterday. Ekco shares fell 24 centavos, or 3.7 percent, to 6.20 pesos.
Grupo Mexico SAB (GMEXICOB MM): A railroad unit of Mexico's largest copper miner said it repaid 697.8 million pesos ($63 million) in debt to Banco Inbursa SA. Ferrocarril Mexicano SA also loaned 604 million pesos to parent Grupo Ferroviario Mexicano, the subsidiary said in a statement e-mailed by the Mexican stock exchange yesterday. Grupo Mexico shares fell 2.60 pesos, or 3.3 percent, to 75.43 pesos.
Telefonos de Mexico SAB (TELMEXL MM): Mexico's largest fixed-line phone company said it is ``ready'' to sign a deal to connect calls with Grupo Televisa SAB's cable unit. Telmex, as the fixed-line company is known, invited the cable unit to sign the interconnection agreement ``as soon as possible,'' it said in a statement e-mailed to the Mexican stock exchange yesterday. Telmex was ordered to connect calls with Televisa by Mexican regulators last week. Telmex shares fell 54 centavos, or 2.7 percent, to 19.51 pesos.
fastgrowthstock.com
The MSCI index of Latin American shares fell 0.6 percent to 4,292.56 yesterday. Brazilian markets were closed for a holiday yesterday.
In Brazil, preferred shares are the most commonly traded class of stock.
Brazil
Redecard SA (RDCD3 BS): Bear Stearns & Co. reiterated its ``outperform'' rating on the processor of credit card and debit card transactions, analyst Paulo Ribeiro wrote in a research note yesterday after spending time ``on the road'' with the company's management. Redecard fell 1.41 real, or 4 percent, to 33.50 reais on Nov. 19.
Petroleo Brasileiro SA (PETR4 BS): Brazil's state- controlled oil company may rise after its Argentine listing (APBR AF) gained 2.2 percent and crude oil rose to a record yesterday when Sao Paulo trading was closed. Also, operations started at the company's FPSO Cidade de Vitoria platform in Espirito Santo Sea, the company said in a Nov. 19 statement. In Sao Paulo, shares fell 1.5 real, or 1.9 percent, to 77.30 reais.
Chile
Embotelladora Andina SA (ANDINAB CC): David Riedel of Riedel Research upgraded Chile's Coca-Cola distributor to ``buy,'' he wrote in an e-mailed research note yesterday, citing positive prospects at its Brazilian operations and the company's ``solid'' financial profile. Andina fell 19 pesos, or 1.2 percent, to 1,560 pesos in Santiago yesterday.
Mexico
Ekco SAB (EKCO* MM): The Mexican producer of steel and aluminum cookware said shareholders will have 15 days starting Nov. 26 to buy stock in a rights offering of as many as 31 million new shares. The price for shareholders is 9.27 centavos each, Ekco said in an e-mail statement to the Mexican stock exchange yesterday. Ekco shares fell 24 centavos, or 3.7 percent, to 6.20 pesos.
Grupo Mexico SAB (GMEXICOB MM): A railroad unit of Mexico's largest copper miner said it repaid 697.8 million pesos ($63 million) in debt to Banco Inbursa SA. Ferrocarril Mexicano SA also loaned 604 million pesos to parent Grupo Ferroviario Mexicano, the subsidiary said in a statement e-mailed by the Mexican stock exchange yesterday. Grupo Mexico shares fell 2.60 pesos, or 3.3 percent, to 75.43 pesos.
Telefonos de Mexico SAB (TELMEXL MM): Mexico's largest fixed-line phone company said it is ``ready'' to sign a deal to connect calls with Grupo Televisa SAB's cable unit. Telmex, as the fixed-line company is known, invited the cable unit to sign the interconnection agreement ``as soon as possible,'' it said in a statement e-mailed to the Mexican stock exchange yesterday. Telmex was ordered to connect calls with Televisa by Mexican regulators last week. Telmex shares fell 54 centavos, or 2.7 percent, to 19.51 pesos.
fastgrowthstock.com
понедельник, 19 ноября 2007 г.
Wall Street Plans $38 Billion of Bonuses as Shareholders Lose
Shareholders in the securities industry are having their worst year since 2002, losing $74 billion of their equity. That won't prevent Wall Street from paying record bonuses, totaling almost $38 billion.
That money, split among about 186,000 workers at Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos., equates to an average of $201,500 per person, according to data compiled by Bloomberg. The five biggest U.S. securities firms paid $36 billion to employees last year.
The bigger bonus pool derives from a record $9 billion of fees for arranging acquisitions and $5 billion for underwriting initial public offerings and sales of junk bonds, the most lucrative securities, Bloomberg data show. Bankers' record fees help explain why 2007 will prove to be the industry's second- most profitable after the subprime mortgage market collapse led to losses at Merrill and Bear Stearns. The last time bonuses declined was 2002 when the Standard & Poor's 500 Index fell 23 percent, and Enron Corp. and WorldCom Inc. went bankrupt.
Goldman's record earnings and gains at Morgan Stanley and Lehman mean all the New York-based firms will be forced to pay more in a year when all but Goldman lost more than 20 percent of their market value, said Charles Geisst, finance professor at Manhattan College in Riverdale, New York.
``They're all going to have to fall into line,'' said Geisst, author of ``100 Years of Wall Street.'' ``If Bear and Merrill plead poverty, they're going to lose all of their good people.''
lookthroughtmarket.com
That money, split among about 186,000 workers at Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos., equates to an average of $201,500 per person, according to data compiled by Bloomberg. The five biggest U.S. securities firms paid $36 billion to employees last year.
The bigger bonus pool derives from a record $9 billion of fees for arranging acquisitions and $5 billion for underwriting initial public offerings and sales of junk bonds, the most lucrative securities, Bloomberg data show. Bankers' record fees help explain why 2007 will prove to be the industry's second- most profitable after the subprime mortgage market collapse led to losses at Merrill and Bear Stearns. The last time bonuses declined was 2002 when the Standard & Poor's 500 Index fell 23 percent, and Enron Corp. and WorldCom Inc. went bankrupt.
Goldman's record earnings and gains at Morgan Stanley and Lehman mean all the New York-based firms will be forced to pay more in a year when all but Goldman lost more than 20 percent of their market value, said Charles Geisst, finance professor at Manhattan College in Riverdale, New York.
``They're all going to have to fall into line,'' said Geisst, author of ``100 Years of Wall Street.'' ``If Bear and Merrill plead poverty, they're going to lose all of their good people.''
lookthroughtmarket.com
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