Posted by
admin on February 23, 2012 |
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FedEx Corp. (FDX) may try to leap into the bidding for TNT Express NV (TNTE) after the board of Europe’s second- largest package-delivery company discarded a $6.43 billion offer from United Parcel Service Inc. (UPS), investors and analysts said.
FedEx is the most understandable potential TNT suitor besides UPS, said Katrina Dudley, a portfolio manager at Mutual Series, a Franklin Templeton Investments unit whose funds own TNT stock. “It is a once-in-a lifetime chance for one of the players to create what I see as a strong global parcel franchise.”
TNT (TNTE) turned down UPS’s initial offer of 9 Euros a share while saying Feb. 17 that talks continue. That leaves an opening for FedEx, operator of the world’s biggest cargo airline, to swoop in to keep Hoofddorp, Netherlands-based TNT out of UPS’s hands, said Kevin Sterling, an analyst at BB&T Capital Markets. The prize would be expansion in Europe, where Deutsche Post AG (DPW)’s DHL leads in express deliveries.
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Posted by
admin on February 15, 2012 |
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The Standard & Poor’s 500 Index’s biggest rally to start a year since 1991 is coinciding with a 15 percent increase in President Barack Obama’s re-election odds, viewing growing investor confidence in the U.S. financial system.
The benchmark gauge for American shares has climbed as much as 7.5 percent in 2012, the most in 21 years, as unemployment fell and Federal Reserve Chairman Ben S. Bernanke vowed to keep interest rates near zero through 2014, according to data compiled by Bloomberg. The price of a bet paying $10 should Obama win another term rose to $6 on Feb. 10 from $5.20 on Jan. 1 and below even money in November at Dublin-based bookmaker in trade.
An improved market clearly improves the president’s re- election chances,” David Kelly, who helps oversee $394 billion as chief market strategist for JPMorgan Funds in New York, said in a Feb. 8 interview. “The markets are pretty good at figuring this out.
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Posted by
admin on February 8, 2012 |
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Glencore International Plc is nearing an agreement to combine with Xstrata Plc (XTA), adding mines from Africa to Asia to the world’s largest listed commodity trader, said two people with knowledge of the plan. Two of the Switzerland located companies possibly will announce a treaty as early as this week, said the people, who declined to be recognized because the plans are not to be mentioned. The combined company may be valued at 52 billion pounds ($82 billion) after excluding Glencore’s 34 percent stake in Xstrata.
Combination of Zug-based Xstrata with Glencore, located two miles away in Baar, would reunite two groups which separated a decade ago when Xstrata bought Glencore’s Australian and South African assets for $2.5 billion and went public in London. A deal can create savings of as much as $704 million, Credit Suisse Group AG said in a report in October. Joining gives them that much more level to fight against some of the larger players,
Tags: forex currency trading, how to trade currencies, how to trade in forex, trade forex, Trading Forex
