Yahoo was originally founded by Stanford students Jerry Yang and David Filo to produce an early web portal giving access to a directory of websites before the advent of search engines like Google, and also to provide bespoke internet content. In 2008, Microsoft proposed a $44.6 billion takeover of the company, at $31 a share,…
Another day in AIM oil and gas, announcing poor funding deals or even lack of deals! This time around its Sound Oil and Max Petroleum. Italian and Indonesian focused oil explorer, Sound Oil, today announced a private placement and open offer through Astin Capital Management Ltd. The Company is issuing another whopping 774,341,464 new shares in exchange…
Borders and Southern spudded the 61/25-1 well on the Southern Falkland basin Stebbing prospect on 11th May and today, over two months later, the company announced that the well was unable to reach lower targets due to anomalous pressure conditions with strong gas shows. Despite additional contingency well casing, they were unable to evaluate the…
Nokia shares hit a fresh 16 year low last week moving below €1.50 (down 63% in the last year) on news that it was continuing to lose share of the smartphone market in the United States and also cutting the price of its flagship Lumia 900 phone from $99 to $49. An act of desperation…
On Thursday, North Falklands Island oil explorer Rockhopper Exploration announced a $1 billion farm-out deal with Premier Oil in exchange for a 60 per cent stake in Rockhopper’s licences in the Islands. The deal makes Premier operator of the Sea Lion discovery with Rockhopper being the sub-surface lead as well as Premier also gaining access to…
Quite a day for Xcite Energy! After showing the usual pattern of daily decline with a drop to 64p this morning, it is now looking rather lively with a 9% gain to 74.5p. Plenty of rumours of a StatOil takeover bid, but all unsubstantiated. The rumour mill has started that’s for sure, long may it…
And so the US second quarter earnings season kicked off with a mixed story from aluminium giant Alcoa. Earnings and revenues beat expectations, with rising shipments giving some reassurance about global demand levels for this key industrial metal. Although Alcoa lost money in the second quarter with aluminium prices dropping 18% from the same period…
After Friday’s large rise, Cameroon focused oil explorer, Bowleven fell back to earth today with a 12% drop to 62p. Rumours were rife of another potential takeover bid after the aborted talks with Dragon Oil earlier in the year fell through. No sign of any announcement at the start of the week sent the speculators…
Aluminium producer -Alcoa’s results after the US market close tonight signal the start of the second quarter 2012 earnings season. Plenty for investors around the world to digest as many of the world’s biggest companies give some insights on how the eurozone crisis and slowing Chineseeconomy is hitting their bottom lines. Not only is Alcoa…
The FTSE 100 closed Friday at 5,663, up 1.6% on the week. The Dow Jones Industrial Average finished Friday at 12,772, down 0.8% for the week. The S&P 500 closed at 1,355, lower by 0.6% lower for the week. The Nasdaq Composite Index closed at 2,937, up 0.1%. Oil (WTI) dropped $3.1 to $84 and…
