Analysis Topic: Companies Analysis
The analysis published under this topic are as follows.
Monday, October 02, 2006
Online Gambling Companies hit by Fundamentalist Law !!! / Companies / Strategic News
By: Sarah_Jones
Today online gambling stocks took a big tumble ! As the senate passed a law on Friday effectively banning online gambling sites. PartyGaming alone saw over £2 billion slashed from its market value as its shares more than halved, crashing 60p to 46p. It was by far the biggest faller in the FTSE 100 index. There were equally large losses in the rest of the sector. Sportingbet, which also said it has abandoned its planned merger with rival firm World Gaming, saw its shares collapse by 63%, from 118.25p to 68p. Shares in 888 tumbled by 34% to 97p. Read full article... Read full article...
Monday, September 25, 2006
Class Action suit hits Tobacco Companies / Companies / Corporate News
By: Shahla_Walayat
In a big blow to Tobacco companies, a federal judge on Monday granted class action status to tens of millions of "light cigarette" smokers for a potential $200 billion lawsuit against cigarette makers.
U.S. District Judge Jack Weinstein in Brooklyn made the ruling on a 2004 lawsuit that alleges Philip Morris, R.J. Reynolds Tobacco, Lorillard Tobacco Co. and other defendants duped smokers, and responded to consumers' mounting health concerns with a campaign of deception designed to preserve revenue.
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Friday, September 22, 2006
Hedge Fund loses billions betting on Natural Gas Futures / Companies / Natural Gas
By: Shahla_Walayat
The financial media is buzzing about the reports of "enormous losses" suffered by Amaranth Advisors, a Connecticut hedge fund that reported it had lost in excess of $4 billion in the collapse of natural gas prices during 2006.
Specifically, the fund claims that its losses were due to bets that the spread between the March and April 2007 natural gas contracts would widen. That spread, in fact, did not widen but instead grew tighter as natural gas prices fell. While the fund allegedly lost money on a number of natural gas–related bets, The New York Times is reporting that the spread bet was the most costly.
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Wednesday, September 20, 2006
SHELL's $20 billion problem with Sakhalin 2 / Companies / Oil Companies
By: Shahla_Walayat
After the Russian's shut down Yukos Oil, not it seems that it is Shells turn and the giant $20 billion Sakhalin Island oil project as the Russian government look to increase the states stake in Russia's energy projects.
State run Gazprom wants a 25 percent stake in Sakhalin-2. Talks have been suspended after development costs had doubled from $10 billion to $20 billion. Shell owns 55% of the project. The Natural Resources Ministry intensified probes of the venture's environmental safety standards and signed an order this week to cancel part of Shells licence on environmental grounds.
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