Recent Articles
GM Not Worth as Much as US Government Hoped?
While the expected take from an IPO of a restructured General Motors is not anywhere near the nosebleed levels of the recent IPO of the Agricultural Bank China, the pending stock offering generates a lot of interest because the US government owns 61% of GM. Now that sort of ownership structure may be common among Chinese companies, but it's pretty rare in the US.
Oracle Touts Integration, Cloud Computing
Oracle Corp. (NASDAQ: ORCL) has made it official. The company intends to compete with IBM Corp. (NYSE: IBM), Hewlett-Packard Co. (NYSE: HPQ), and Cisco Systems Inc. (NASDAQ: CSCO) in the battle for the hearts and minds of IT professionals.
Sinochem Retains Banks to Evaluate Bid for Potash Corporation
China's state-owned chemical company Sinochem has reportedly hired two investment banks to help it figure out what to do about the potential acquisition of Potash Corp. (NYSE: POT) of Saskatchewan by BHP Billiton plc (NYSE: BHP). The two banks are Deutsche Bank AG (NYSE: DB) and Citigroup, Inc. (NYSE: C).
Sharp Acquires U.S. Solar Developer
Japanese electronics giant Sharp acquired U.S. solar developer Recurrent Energy.
GM Doles Out Election Contributions
The following list from the Center for Responsive Politics website shows where taxpayers' contributions have gone.
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