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Carlos Slim To Boost Investments In Colombia
Friday, February 11, 2011 - 3:36pm | 171Read More...According to Bloomberg, the world's richest man is looking to increase his investments in Colombia because of the country's liberal oil exploration policies along with its mineral assets and expanding middle class. Mexico's Carlos Slim told Bloomberg that he is looking to expand the drilling and...
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An Interesting Latin America ETF Riddle
Thursday, February 3, 2011 - 3:56pm | 284Read More...Sure, we're barely more than a month into 2011, but it's never too early to start examining the one-month performance of some of 2010's emerging markets darlings in the ETF world. Not surprisingly, Latin America was home to many darlings in 2010, but several of those ETFs have gotten off to less-...
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New York Times Jumps 5.5% On High Volume (NYT)
Monday, November 22, 2010 - 3:20pm | 113Read More...Shares of The New York Times Company (NYSE: NYT) are higher on the session by 5.50%, currently trading at $8.63. The stock is seeing huge volume as well with shares turning over 10.8 million times; that is 6.05x the 10-day daily average volume and 8.5% of the float. It is rumored that one of the...
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James Altucher Bullish on Bronco Drilling (BRNC)
Monday, June 14, 2010 - 10:04am | 334Read More...James Altucher is looking for a way to play weakness in the Oil sector and is reporting in the Wall Street Journal that Bronco Drilling (NASDAQ: BRNC) is the way to go. He noted that, “With all of the various issues in the Gulf of Mexico since the Deepwater Horizon explosion and virtual ban on...
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Carlos Slim To Merge Fixed and Mobile Business (AMOV)
Wednesday, May 26, 2010 - 3:03pm | 130Read More...Billionaire Carlos Slim is planning to consolidate his mobile and fixed-line telephone businesses in Brazil. The merger will help in curtailing costs. According to Folha de S.Paulo newspaper, Slim is looking to merge fixed-line company Embratel with Claro. The merger is likely to be completed in...
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America Movil Raises $4 Billion In Debt Sales (AMX, JPM, C, GS)
Wednesday, March 24, 2010 - 8:15pm | 159Read More...Mobile phone operator, America Movil SAB (NYSE: AMX) has raised $4 billion selling debt. America Movil (AMX) is owned by the world’s richest person, Carlos Slim. The company had earlier raised $1.2 billion through local peso bond sales. Earlier in March, it had raised $214 million Swiss-franc sales...
