Browsing All Posts published on »April, 2011«

Barrick bid suggests copper will be the new gold – Reuters

April 27, 2011 by

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Soaring global demand for copper makes the metal a better bet than gold and explains a surprise bid by Barrick Gold Corp, the world’s No. 1 bullion producer, for copper miner Equinox Minerals. Barrick’s (ABX.TO) (ABX.N) $7.68 billion offer for Equinox (EQN.TO) (EQN.AX) trumped one by Minmetals Resources (1208.HK), a unit of China’s largest metals […]

States face growing pension gaps – Reuters

April 27, 2011 by

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States are short $1.26 trillion in paying for public employee pensions and other retirement benefits, a gap that grew 26 percent in one year and will take many more years to wipe out, according to a report released on Tuesday. A total of 31 states had pensions that were underfunded in fiscal 2009, the latest […]

Why Nokia’s Collapse Should Scare Apple – HBR

April 26, 2011 by

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Nokia’s inability to field a credible response to the launch of the iPhone in 2007 and Google’s Android operating system in 2008 has precipitated a freefall in its share price. Today, Apple is riding high, making this the perfect time for it — and every successful company — to reflect on Nokia’s fall and ensure […]

Tide is turning for shipping sector – Moneycontrol

April 25, 2011 by

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Readers of the Financial Times could not be blamed if they missed a small story in January that spoke of the collapse of the Baltic Exchange Dry Index – a shipping benchmark that sounds as arcane as it does dull. However, nothing could be further from the truth about the index – that is if […]

When Dhobi Ghat Dons the Corporate Garb – VCCircle

April 25, 2011 by

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When J. Mathew, an IT professional, returned from Atlanta to Bangalore, he started looking for a top class laundry service. He expected to have a tough time, since the Indian laundry industry (mostly run by neighbourhood dhobis unless you want to spend a mini fortune on a few branded service providers) was nowhere near the […]

How the ASX-SGX merger failed – SMH

April 25, 2011 by

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Treasurer Wayne Swan was in the South Korean coastal city of Gyeongju preparing for meetings with G20 finance ministers when he heard the news. An adviser had to pry the politician’s attention from his mountain of summit paperwork to relay the story hitting the news wires that Friday afternoon in October: the Singaporean and Australian […]

A Shopping List for Apple’s Growing War Chest – NYTimes

April 24, 2011 by

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“Excessive,” “untenable,” simply “ridiculous” — those are some of the words analysts are using to describe Apple’s gigantic cash pile. It’s certainly a hefty one. In its latest earnings report on Wednesday, Apple recorded cash and cash equivalents of $65.8 billion, adding to the prior quarter by about $6 billion. The sum easily trumps Apple’s […]