Archive for May 29th, 2008
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Charlotte Business | Charlotte Observer
Business extra description Survey: Passengers call airline service ‘dismal’ Passengers are more dissatisfied with airlines’ customer service than they’ve been in years at a
Business Structures
When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file.
Business.gov - Official Business Link to the U.S. Government
Business.gov provides information and resources that help small businesses comply with federal, say and local business laws and government regulations.
Deluxe Business Checks & Solutions - On the internet business checks and
Online business checks and business forms. Deluxe Business Checks & Business Solutions also provides computer checks, quicken checks, quicken forms, manual forms, software
Business - KYPost.com
KYPost.com American Airlines says it will discontinue its Chicago-Buenos Aires service and Boston-San Diego service on September 3rd.
Business for Sale - Almost 30,000 Businesses for Sale at Business
Business for Sale Search - 30,000 businesses for sale, business brokers, and franchise opportunities. Sell a business for sale or hire a business broker. If you are thinking of
Business & financial news headlines, latest market updates, breaking
Msnbc.com publishes an up-to-the-minute report of business and financial news with personalized stock quotes as well as investing tools and tips. The business report combines the
Access Washington - Doing Business in Washington
Locate Washington Say Government information and services available on the Web
Business Information New Zealand Government Site, Start Manage Grow
You’re at the New Zealand government business site. The information and tools here are designed to help you start, manage or grow your business and deal with the day-to-day
Kelley School of Business: Indiana University Bloomington
Founded in 1920 as the Indiana University School of Commerce and Finance, the Kelley School has grown into one of the most respected business schools in the world with programs
Business Calling Plans: T-Mobile rate plans
Find the right calling plan solution for your business Whether you’ve one employee or thousands, T-Mobile has plans that suit your business needs.
Sioux City Journal: Business
BUSINESS Meetings / Seminars > No new content posted today. Click below to link to current stories
Business and Industry, Employment & Training Administration (ETA) - U
Join thousands of your colleagues from across the country in attending Workforce Innovations 2008 , July 15-17, 2008, at the Ernest N. Morial Convention Center in the heart of
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Posted by: in Latest News
Filed under: International markets, Deals, Good news, Middle East, Next huge thing, Entrepreneurs, Headline news, Israel
A story yesterday in Business Week, A Mideast Valley of Peace discussed how the development of a $3 billion canal from the Red Sea to the Dead Sea is gaining some traction. There’s both Arab and Israeli support for the idea which would bring industry, tourism, and most importantly water through desalination plants to a very thirsty location.
According to the report the ambitious project is being energized by 60-year-old billionaire Itzhak Tshuva, who was born into a poor family of 11 who crammed into a single room after immigrating to Israel from Libya in the 1940s. He went on to build a global real estate empire that includes New York’s Plaza Hotel, as well as a recently announced $8 billion luxury hotel, retail, residential, and casino complex on the Las Vegas Strip.
Equally important, the project is getting a warm reception in parts of the Arab world. This so-called Valley of Peace is part of a 520-kilometer (323-mile) corridor being proposed by Israeli President Shimon Peres for regional economic development. Peres states he has received letters of support from both Palestinian President Mahmoud Abbas and Jordan’s King Abdullah II. And according to Israeli press reports, Saudi Prince Alwaleed bin Talal — known for his investments in Western icons such as Apple (NASDAQ: AAPL) — recently told Tshuva that he’ll support the project through Jordan.
Nothing is mentioned about Hamas in the story, but the scope and scale of the project would offer economic opportunity and even prosperity to those that have found it hard to come by, so promoters while not naive, are hopeful.
Among the Israeli industrialists who support the project is Stef Wertheimer, founder of Iscar Metalworking, which sold 80% of its shares to Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A).
Since a major purpose of the project involves water and power I could imagine companies like General Electric (NYSE: GE) and privately held Bechtel becoming involved.
It is envisioned that the project would be “green” and in that vein, environmental studies are under way to determine the repercussions of mixing water from the two sources and other issues. Currently the potash industry, which generates billions of dollars of revenue for Israel and Jordan at the Dead Sea, is also a factor receiving attention.
Nothing seems to move very fast when so many celebrations are involved. However, Perez said that the project could be built in as tiny as two years once it was concurred to do it.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money. Disclosure: I own shares of BRK.B.
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Posted by: in Latest News
Filed under: Deals, Good news, JPMorgan Chase (JPM), Options, Technical Analysis, Bear Stearns Cos (BSC)
 JPMorgan Chase (NYSE: JPM) shares are trading higher on news that shareholders of Bear Stearns Cos. (NYSE: BSC) have approved JPM’s $2.2 billion buyout of the investment bank. JPM will purchase BSC for about $10 a share. The deal is expected to become official tomorrow. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on JPM.
After hitting a one-year high of $52.31 last Might, the stock hit a one-year low of $36.01 in March. JPM opened this morning at $42.69. So far today the stock has hit a low of $42.29 and a high of $44.06. As of 12:15, JPM is trading at $43.79, up 0.93 (2.2%). The chart for JPM looks bullish and deteriorating, while S&P gives the stock its highest 5 Stars (out of 5) strong buy rating.
For a bullish hedged play on this stock, I would consider a July bull-put credit spread below the $37.50 range. A bull-put credit spread is an options position that combines the buy and sale of put options to hedge risk in case the stock doesn’t do what you think but still leverage nice returns. For this particular trade, we’ll make a 11.1% return in just seven weeks as long as JPM is above $37.50 at July expiration. JPMorgan would have to fall by more than 14% before we would begin to lose money. Learn more about this type of trade here.
JPM hasn’t been below $7.50 at all in the past year except for a short time in March and has shown support around $42 recently. This trade could be risky if the financial sector suffers some more in the coming months, but even if that happens, that position could be protected by support the stock might find just above $40, where it bottomed out twice in the past two months.
Brent Archer is an options analyst and writer at Investors Observer.
DISCLOSURE: Mr. Archer owns and/or controls diversified portfolios of long and short stock and option positions that might include holdings in companies he writes about. At publication time, Brent neither owns nor controls positions in JPM or BSC.
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Posted by: in Latest News
Filed under: Deals, Industry, Consumer experience, Competitive strategy, Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Sony Corp ADR (SNE)
Anyone who didn’t think a Microsoft (NASDAQ:MSFT) buyout of Yahoo! (NASDAQ:YHOO) has become less likely should have stopped by the All Things Digital conference. According to Reuters, “Yahoo Inc Chief Executive Jerry Yang stated on Wednesday a potential deal with Microsoft has tremendous power, but the software giant appears no longer interested in a full merger.”
The leaves Yahoo! management, its board, and takeover artist Carl Icahn in a tough spot. Many analysts believe that without a deal, the Yahoo! shares could drop back near $20, where they traded before the offer from Redmond. Yahoo! currently changes hands at $27.
The news is a sign that Microsoft thinks it can do nearly anything on its own, including challenging Google (NASDAQ:GOOG) in the search business. Gates, Ballmer & Co. have the money to get the engineering hands on board to push superior search tech, but user loyalty to Google may be so great that even a much better product from Microsoft won’t break its rival’s hold on the market.
Microsoft has had success exceeding the market’s expectations before. No one believed that the company’s Xbox could challenge the Sony (NYSE:SNE) PlayStation franchise.
But, search engines are not game consoles and the rules in one game don’t necessarily apply in another.
Douglas A. McIntyre is an editor at 247wallst.com and author of the Ten Stocks Under $10 letter.
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Posted by: in Latest News
Filed under: Before the bell, Earnings reports, Deals, Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Dell (DELL), Pfizer (PFE), JPMorgan Chase (JPM), US Airways Group (LCC), UAL Corp (UAUA), Bear Stearns Cos (BSC)
 Before the bell: Futures mixed ahead of GDP; after COST, SHLD reporting
Bear Stearns (NYSE: BSC) shareholders are due to approve the buyout by JPMorgan Chase (NYSE: JPM) this day, marking what many feel as an end of an era as the 85-year-old company collapsed due to the subprime mortgage crisis.
The chief executives of UAL Corp. (NASDAQ: UAUA) United Airlines and US Airways (NYSE: LCC) are set to meet this day to discuss a possible deal despite concerns that threaten the deal, according to two people briefed on the discussions, the AP reported. Stocks of both airlines are up over 2% in premarket trading.
In other deal news, Yahoo (NASDAQ: YHOO) CEO Jerry Yang said that Yahoo isn’t a company under siege and that he is still waiting for a clearer proposal from Microsoft Corp. (NASDAQ: MSFT) about a possible partnership between the two firms. He said stated that Yahoo “did not walk away from the proposal - Microsoft did. We were willing to do the deal on the right terms.”
After the bell Thursday, personal maker Dell (NASDAQ: DELL) is due to report results, with analysts forecasting a narrow decline in earnings.
TiVo (NASDAQ: TIVO) shares aren’t moving much despite the digital video recorder reporting Wednesday after the close that its net income more than quadrupled in the first quarter to $3.6 million, or 4 cents per share, beating estimate of a loss of 1 cent per share. TiVo stated it expects to return to a loss in the current quarter.
Pfizer Inc. (NYSE: PFE) is trying to do some damage control following a warning from the FDA about its quit-smoking drug Chantix and its side effects which were linked to suicides, seizures, and traffic accidents. The drugmaker said it will run newspaper ads and send letters to doctors to alleviate concerns about the drug.
And yet another agreement for the iPhone. Apple Inc. (NASDAQ: AAPL) will offer its iPhone handset in Hong Kong and Macau this year to subscribers of Hutchison Telecommunications International Ltd.
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