China's local stock market has fallen for four consecutive weeks. Investors are spooked. And for good reason… China has been cracking down on speculation and financial leverage. And that has caused turbulence in the market. As Bloomberg reported over the weekend… The [Chinese government's] tightening campaign has erased at least $453 billion....More>>>
General Electric (GE) has been betting that it would be better off as a pure-play industrial company than the financial-industrial conglomerate of the pre-financial-crisis world. It’s shed much of GE Financial–and the SIFI tag that went with it–and bulked up through its acquisition of Alstom, and other companies. Which is what made its earnings report today so disappointing, even....More>>>
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(Bloomberg) — Genworth Financial Inc. is seeking more time to convince regulators they should approve the company’s plan to sell itself to China Oceanwide Holdings Group Co.
Related LUNMF Market Roundup Lundin Mining Projects Rise In Zinc, Copper Production Freeport McMoRan to sell stake in Serbian copper mine to Lundin for $263M (Seeking Alpha)
Mining stocks climbed on Friday after Lundin Mining Corporation (USA) (OTC: LUNMF) agreed to acquire an interest in Freeport-McMoRan....More>>>
Shares of satellite communications specialist Intelsat (NYSE:I) had another down day on Thursday, their third in a row, closing down 18.3%.
That makes more than 38% in combined losses since it was announced that Japanese tech conglomerate SoftBank would merge its OneWeb satellite company with Intelsat in a 40%-60% deal, with SoftBank owning the 40%.