| Six Defense Sector ADR Stocks David Hunkar submits: European countries together with Russia rank number two and three in arms exports to other countries. Next to the US, Russia, UK, France, Germany have large defense industries that cater to the demands of the developing world. Earlier today in an article analyzing the global arms market, I discussed the top 10 defense contractors in the US.Now lets take a look at the foreign defense-sector stocks that trade in the US markets as ADRs:Complete Story » seekingalpha.com |
Ford Brokers Deal to Sell Volvo to Chinese Automaker Geely TheCarConnection.com submits: After months of negotiations and numerous trips to the bargaining table, Ford (F) has finally brokered a deal to sell Volvo to Chinese automaker Geely. According to a Ford press release, an official agreement will be signed by Ford and Geely in the first quarter of 2010, with the sale to close in the following quarter, provided that financing arrangements and approvals by various regulatory agencies stay on-pace. Neither party has yet discussed specifics of the sale. However, we know that Ford bought Volvo for around $6 billion in 1999, and since most of the rumors surrounding these negotiations set Geely's bid between $2 billion and $3 billion, the sale is likely to represent a big cash loss for Ford. It's also safe to assume that Ford's concerns over intellectual property rights have now been addressed, as has Ford's wish to see Volvo's base of production remain in Europe (even though Geely has already begun expanding its resources in China). We also gather that the American investment consortium known as Crown was unable to make a compelling offer.Complete Story » seekingalpha.com |
Flying U.S. Airways Gets Straddle Trade optionMONSTER submits: By Chris McKhann Options were active in U.S. Airways (UAUA) yesterday as the stock posted a new 52-week closing high.Complete Story » seekingalpha.com |
It's Official, Rail Freight Volumes Have Leveled Off Wildebeest submits: Two weeks ago, our article on rail freight numbers was titled "Rail Freight Volumes Begin to Level Off." The conclusion about a leveling off of freight drew some criticism from commenter's who saw things differently, but this week the Association of American Railroads [AAR] lead its weekly press release with:The Association of American Railroads today reported that rail traffic has leveled off after twelve consecutive weeks of gains.Complete Story » seekingalpha.com |
EVs: The Looming Consolidation and Other Predictions Greentech Media submits: by Michael Kanellos Ten years ago, a secretive startup was putting the final touches on an electric vehicle that billionaires, investors and analysts speculated could fundamentally change the way humanity moved around. It was the Segway.Complete Story » seekingalpha.com |