Tag: inthenews

Cotton Closes Above $2 per Pound as Market Remains in Chaos

Filed in commodities, New Gold, o, South African Gold, Spot Gold by on February 18, 2011 0 Comments
Cotton Closes Above $2 per Pound as Market Remains in Chaos

Filed under: Major Movement , Industry , Market Matters , Commodities , Agriculture The cotton market is in a state of chaos. On Friday, March cotton on the ICE exchange closed at $2.1102 per pound, up the 7 cent daily limit, the Financial Times reported. The market opened limit up at $2.1102. That means that you cannot buy cotton even if you wanted to. The market is frozen. Commodities are much different from stocks. Commodities are a zero sum game. Contracts usually last for three months. At the end of the three months, the longs take delivery from the shorts who deliver their cotton, and zero contracts are left. Continue reading Cotton Closes Above $2 per Pound as Market Remains in Chaos Cotton Closes Above $2 per Pound as Market Remains in Chaos originally appeared on BloggingStocks on Fri, 18 Feb 2011 10:30:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Ericsson’s Crystal Ball Foresees Data Surge

Filed in Ericsson, New Gold, o, shares, South African Gold by on February 14, 2011 0 Comments
Ericsson’s Crystal Ball Foresees Data Surge

Filed under: Launches , Industry , Competitive Strategy , Akamai Technologies (AKAM) , Technology We are being bombarded with data from a host of sources, including mobile devices, broadband and cloud computing. Bringing all of this data together will create a new business opportunity. Ericsson ( ERIC ), the Swedish network equipment maker, has already foreseen the potential for bringing data together on its fourth generation Long Term Evolution Network (LTE). Continue reading Ericsson’s Crystal Ball Foresees Data Surge Ericsson’s Crystal Ball Foresees Data Surge originally appeared on BloggingStocks on Mon, 14 Feb 2011 14:30:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Microsoft and Nokia Join to Build a New Smartphone

Filed in Apple, Google, ipad, Microsoft, New Gold, Nokia, o, South African Gold, Spot Gold by on February 13, 2011 0 Comments
Microsoft and Nokia Join to Build a New Smartphone

Filed under: Competitive Strategy , Microsoft (MSFT) , Nokia Corp. (NOK) , Smartphones This is probably one of the most interesting stories of the Internet revolution. Microsoft ( MSFT ) jumped out the starting gate with its Windows operating system and took the world by storm. Then for some unknown reason, Microsoft missed the entire search engine revolution and Google ( GOOG ) raced to first place. Now Microsoft has again missed the next leg — the iPhone and iPad revolution, and Apple ( AAPL ) holds first place in this segment. Nokia ( NOK ) was a pioneer in the smartphone revolution, but with Apple’s drive to the top, Nokia lost its momentum. Once Nokia had 50% of the handset market . Now that share has fallen to just 29%. It’s hard to believe but Microsoft has only 2% of the global phone software market. Continue reading Microsoft and Nokia Join to Build a New Smartphone Microsoft and Nokia Join to Build a New Smartphone originally appeared on BloggingStocks on Sun, 13 Feb 2011 09:00:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Global Cotton Demand Outstrips Supply

Filed in AIG, commodities, New Gold, o, South African Gold by on February 12, 2011 0 Comments
Global Cotton Demand Outstrips Supply

Filed under: India , Market Matters , Commodities Years ago, I remember a conversation among cotton traders: “Cotton is a straight line mover. When it moves it shoots straight up and when it falls its like a stone. … If you ever get caught on the wrong side of cotton, you’ll lose your shirt.” Someday, traders will tell their grandchildren about the great cotton bull market of 2009 to 2011, and how they bought 100 contracts at 60 cents a pound in 2009 and saw the price go to $1.9455 per pound. They will talk for hours about how they made $1.34 per pound on each contract (each 1 penny equals $500). So they made 134 pennies on each contract at $500 per penny times the 100 contracts. They will ask their grandchildren to figure out how much money they made. “Grandpa, you made $6,700,000!” Continue reading Global Cotton Demand Outstrips Supply Global Cotton Demand Outstrips Supply originally appeared on BloggingStocks on Sat, 12 Feb 2011 11:40:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Coca-Cola’s Earnings Surge

Filed in acquisitions, Coca Cola, earnings, EPS, New Gold, o, revenue, Spot Gold by on February 10, 2011 0 Comments
Coca-Cola’s Earnings Surge

Filed under: Earnings Reports , Coca-Cola (KO) , PepsiCo (PEP) Last year, Coca-Cola ( KO ) acquired Coca-Cola Enterprises’ North American bottling operations. In addition, volume in North America rose 3%, excluding acquisitions and the currency impacts. These two factors gave the company an outstanding quarter. The company has taken market share from its rival PepsiCo ( PEP ). Coca-Cola reported Wednesday earnings of $5.77 billion, or $2.46 a share, up from $1.54, or 66 cents per share, a year ago, according to The Wall Street Journal . Excluding benefits from bottling acquisition, earnings were 72 cents a share. Revenues increased 40% to $10.5 billion, and were up 45% excluding currency impacts. Gross margins fell to 59.2% from 64.7%. Continue reading Coca-Cola’s Earnings Surge Coca-Cola’s Earnings Surge originally appeared on BloggingStocks on Thu, 10 Feb 2011 10:00:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Bakken Oil Output Booming

Filed in commodities, o, South African Gold, upgrade by on February 9, 2011 0 Comments
Bakken Oil Output Booming

Filed under: Analyst Reports , Forecasts , Industry , Commodities Believe it or not we have an “oil rush” right here in the United States, in North Dakota and Montana. It is called the Bakken Formation, as reported in IBD . The area is said to contain 4.3 billion barrels of oil. Some estimates go as high as 24 billion barrels. Today North Dakota produces 400,000 barrels per day. With upgrades in infrastructure, production could go to 600,000 to 800,000 barrels per day. Continue reading Bakken Oil Output Booming Bakken Oil Output Booming originally appeared on BloggingStocks on Wed, 09 Feb 2011 15:00:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Jobs Report Disappoints Despite Lower Unemployment Rate

Filed in Federal Reserve, New Gold, o, recession by on January 7, 2011 0 Comments
Jobs Report Disappoints Despite Lower Unemployment Rate

Filed under: Forecasts , Employees , Market Matters , Economic Data , Federal Reserve , Recession The Labor Department reported that employers added 103,000 jobs last month. This fell short of the expected 150,000 predicted by economists surveyed by Dow Jones. However, the unemployment rate fell to 9.4%. The November report was revised upward to 71,000 from 39,000, as reported by the Wall Street Journal . Earlier in the week ADP reported that private sector jobs rose by 297,000 last month, the strongest gain since ADP began collecting data. Continue reading Jobs Report Disappoints Despite Lower Unemployment Rate Jobs Report Disappoints Despite Lower Unemployment Rate originally appeared on BloggingStocks on Fri, 07 Jan 2011 11:40:00 EST. Please see our terms for use of feeds . Read  |  Permalink  |  Email this  |  Comments

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Zynga Buys Social Network Browser Flock

Filed in o, South African Gold by on January 6, 2011 0 Comments
Zynga Buys Social Network Browser Flock

Filed under: Deals , Products and Services , Industry , Internet , Competitive Strategy , Technology Zynga’s unusual twist to gaming has caught the imagination of players around the world and spurred them to play Zynga games. Zynga now has a quarter million users. Zynga is a worldwide gaming site. Their games offer a different “take.” Unlike standard games that move from beginning to finish, Zynga’s games require an “energy” characteristic to play. Engaging in “Mission” is a core feature of many games which consumes a certain amount of energy. After expending energy, it slowly replenishes the character’s maximum limit. This can take minutes or several hours. In the meantime, players can obtain game credits that allow them to replenish their character’s energy or receive premium currency that could be exchanged for other various virtual goods. ( Wikipedia) Continue reading Zynga Buys Social Network Browser Flock Zynga Buys Social Network Browser Flock originally appeared on BloggingStocks on Thu, 06 Jan 2011 15:30:00 EST. Please see our terms for use of feeds . Read  |  Permalink  |  Email this  |  Comments

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Social Network Linkedln to Go Public in 2011

Filed in bank of america, jp morgan, morgan-stanley, New Gold, o, revenue by on January 6, 2011 0 Comments
Social Network Linkedln to Go Public in 2011

Filed under: Deals , Management , Internet , Entrepreneurs Sources close to the social network Linkedln say it is planning to go public, as reported in Reuters . It has filed statements with the Securities and Exchange Commission. Owner Jeff Weiner told Reuters that he has selected Morgan Stanley ( MS ), Bank of America ( BAC ) and JP Morgan ( JPM ) as book runners. Book runners take the original stock offering and then resell it to retail clients. Linkedln is a fast growing social networking site with 85 million viewers. Financial information is not available. Company revenues come from advertising. A source close to the company values it at about $2.2 billion. Continue reading Social Network Linkedln to Go Public in 2011 Social Network Linkedln to Go Public in 2011 originally appeared on BloggingStocks on Thu, 06 Jan 2011 14:30:00 EST. Please see our terms for use of feeds . Read  |  Permalink  |  Email this  |  Comments

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Microsoft to Feature New Chips With Next Windows

Filed in Apple, ipad, lead, New Gold, o, South African Gold by on January 6, 2011 0 Comments
Microsoft to Feature New Chips With Next Windows

Filed under: Google (GOOG) , Microsoft (MSFT) , Apple Inc (AAPL) , Intel (INTC) , Advanced Micro Dev (AMD) , QUALCOMM Inc (QCOM) , Texas Instruments (TXN) , Technology For years Microsoft ( MSFT ) was the tech leader. Then, Google ( GOOG ) came along and Microsoft missed the entire search engine revolution. But Microsoft still dominated in software. Then came Apple ( AAPL ) with its iPod, iPhone, and iPad. Again, Microsoft missed the small device revolution. The Wall Street Journal reports that now Microsoft is playing catch-up again. With its next operating system it will use low-powered chips similar to those Apple uses. Continue reading Microsoft to Feature New Chips With Next Windows Microsoft to Feature New Chips With Next Windows originally appeared on BloggingStocks on Thu, 06 Jan 2011 11:20:00 EST. Please see our terms for use of feeds . Read  |  Permalink  |  Email this  |  Comments

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Strong December Auto Sales Raise Hopes for 2011

Filed in General Motors, o, South African Gold, Spot Gold by on January 5, 2011 0 Comments
Strong December Auto Sales Raise Hopes for 2011

Filed under: Industry , Ford Motor (F) , General Motors (GM) , Toyota Motor Corp. (TM) , Economic Data , Nissan Motors (NSANY) December is traditionally a slow month for auto sales. Most people are caught up with holiday shopping and tend to put off large purchases. This year was different. December auto sales were higher for most makers, Toyota being the exception. Here are the numbers by company, as reported by CNNMoney : Continue reading Strong December Auto Sales Raise Hopes for 2011 Strong December Auto Sales Raise Hopes for 2011 originally appeared on BloggingStocks on Wed, 05 Jan 2011 10:20:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Rubber Jumps to Record High

Filed in commodities, copper, jp morgan, New Gold, o, South African Gold by on January 4, 2011 0 Comments
Rubber Jumps to Record High

Filed under: Major Movement , International Markets , Forecasts , Industry , Goodyear Tire and Rubber (GT) , Commodities , Agriculture Last week copper set record highs. JP Morgan Chase (JPM) is sitting on $1 billion of copper. Today, the story is rubber. Rubber jumped to a record high of $5.05 per kg, according to the Financial Times. Rubber is used in tires, condoms and gloves. The price has jumped 25% in two months. Bridgestone (BRDCY ) Michelin ( MGDDY ) Goodyear ( GT ) and Continental have raised tire prices three times in 2010. Continue reading Rubber Jumps to Record High Rubber Jumps to Record High originally appeared on BloggingStocks on Tue, 04 Jan 2011 14:00:00 EST. Please see our terms for use of feeds . Read  |  Permalink  |  Email this  |  Comments

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