Recent Articles
Nokia Stock Upgraded in Advance of Product Launches
Nokia Corp. (NYSE: NOK) plans to launch its long-awaited N8 smartphone next week at its Nokia World 2010 event. Nokia is also expected to release its E7 smartphone at the same event.
Chevron Deal with Devon Yields South China Sea Oil Opportunities
Chevron Corp. (NYSE:CVX) has decided to join the oil and gas free-for-all that is otherwise known as the South China Sea. The company has purchased the operating rights to three exploration blocks about 250 kilometers offshore of Hong Kong from Devon Energy Corp. (NYSE:DVN) for an undisclosed sum. Chevron acquired about 59% of one block and 100% of the rights in two others in the deal.
Avis Budget (CAR) Tries Even Harder to Acquire Dollar Thrifty (DTG)
Ever since late April, when Hertz Global Holdings (NYSE: HTZ) made its original offer for Dollar Thrifty Automotive Group Inc. (NYSE: DTG), Avis Budget Group, Inc. (NYSE: CAR) has been trying to upset the deal and get Dollar to accept a counter offer.
BHP Buyout of Potash Faces China Protests
The proposed acquisition by BHP Billiton plc (NYSE: BHP) of Potash Corp. of Saskatchewan (NYSE: POT) is not in China's best interests, and the government is searching for a way to make its own play for Potash Corp. China apparently believes that it must take direct action to stop the sale because it is pretty clear that no other company is going to step up with a counter offer.
Burger King (BKC) Searching for Buyout
The world's second-largest fast food chain, Burger King Holdings Inc. (NYSE: BKC) is apparently beating the private equity bushes for a buyout firm. The reports have sent Burger King shares up more than 13% in early trading.
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