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Articles Written by: SA EDITOR JUDITH LEVY
Exxon's wrathful tiger takes on Hugo Chavez. ExxonMobil (XOM) has won an injunction freezing $12 billion in assets of Venezuelan state oil company Petroleos de Venezuela [PDVSA] to ensure it will be able to pay compensation for the Exxon operations ...
From SA EDITOR JUDITH LEVY,
ETF Investor,
15 Feb 2008
Asia: Japan's Nikkei closed +0.4%. Shanghai -2.37%. Hang Seng: +1.08%.
In Europe markets were down from Tuesday's close. FTSE: -1.1%. CAC: -0.27%. SAX: -0.72%.
U.S. futures are up. S&P: +4.25. Dow: +26. Nasdaq: +6.75.
[Future and past comments will ...
From SA EDITOR JUDITH LEVY,
ETF Investor,
13 Feb 2008
Many investors, unnerved by the triple threat of a manufacturing slowdown, a decline in job growth and a credit crunch, are hoping for more aggressive rate-cutting by the Fed. They take as their model the economic slowdown of 2001, when the Fed ...
From SA EDITOR JUDITH LEVY,
ETF Investor,
4 Jan 2008
With the trade of a single contract, the price of oil touched $100 a barrel for the first time on Wednesday. Crude was trading at $10 a barrel only ten years ago, and its continuing surge "is altering the wealth and influence of nations and industries ...
From SA EDITOR JUDITH LEVY,
ETF Investor,
3 Jan 2008
The DJIA experienced its worst New Year's percentage decline since 1983 on Wednesday, the Wall Street Journal reported, falling 1.67% to 13043.96. Countering the index's historical tendency to post bullish results in late December and early January, ...
From SA EDITOR JUDITH LEVY,
ETF Investor,
3 Jan 2008
Exchange-traded funds [ETFs] -- expected by many to be the toast of 2007 -- ran into serious headwinds over the course of the year in the form of market instability, an economic slowdown in the U.S., and "hiccups in areas from foreign markets to ...
From SA EDITOR JUDITH LEVY,
ETF Investor,
2 Jan 2008
A boom in coal-to-chemicals conversion in China will likely have significant impact on global chemical manufacturers, the WSJ reported Monday. China is actively encouraging the growth of coal-to-chemicals in a bid to reduce its dependence on expensive ...
From SA EDITOR JUDITH LEVY,
The China Stock Blog,
31 Dec 2007
The Serious Fraud Office of the United Kingdom is investigating pharmaceutical giants GlaxoSmithKline (GSK) and AstraZeneca (AZN) for bribery of Iraqis during the UN's oil-for-food program. The companies, which have been asked to turn over documents to ...
From SA EDITOR JUDITH LEVY,
ETF Investor,
31 Dec 2007
Indian ADRs and ETNs fell Thursday following the assassination of Pakistani opposition leader Benazir Bhutto on fears the crime could worsen instability in Southeast Asia. "We can't think of a more scary situation in the region, and believe that the ...
From SA EDITOR JUDITH LEVY,
ETF Investor,
28 Dec 2007
Market leading student lender Sallie Mae (SLM) announced Thursday that it will raise $2.5 billion through concurrent offerings of common and convertible preferred stock. The news sent the shares down 7.7% to $20.42, a near-seven-year low. ...
From SA EDITOR JUDITH LEVY,
ETF Investor,
28 Dec 2007
