Word: sharings
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...China's state-owned aluminum company Chinalco announced it would inject $19.5 billion in cash into Anglo-Australian mining giant Rio Tinto. More than $12 billion of that will give the Chinese company, which already owns 9% of Rio, a share of some of the mining firm's most valuable mines. The remainder of the cash injection will go into bonds that can eventually be converted into an equity stake, which would double Chinalco's overall ownership position in Rio. The $19.5 billion deal amounts to the largest foreign investment any company in China has ever made. Two days...
...likely more to come. Both Rio and Oz Minerals have been crushed by the global recession's effect on demand for what they produce. Both have seen their value plunge as a result, and now labor under enormous debt burdens. Rio's stock price peaked at $552 a share last spring, then fell to a 52 week low of $55. The stock last traded at $112 on the New York Stock exchange. Oz Mineral's stock price hit AU$0.55 when trading was suspended in December. Minmetal's will pay a 50% premium on that. Clearly, for China - whose voracious...
...should not have to take drastic action, because Harvard should listen to us and should listen to its employees. Even the busiest student can take five minutes out of the day to show support for our staff. Dining-hall feedback cards are meant for our opinions—share yours. People are wearing rainbow ribbons to show their support—wear...
Wall Street's superstitions about Friday the 13th continued through 1925, when the New York Times noted that people "would no more buy or sell a share of stock today than they would walk under a ladder or kick a black cat out of their path." Some stock traders also blamed Black Monday - Oct. 19, 1987 - on the fact that three Fridays fell on the 13th that year. The Stress Management Center and Phobia Institute estimates that $700-$800 million dollars are lost every Friday the 13th because of people's refusal to travel, purchase major items or conduct business...
Calgary, Alberta • speech in which George W. Bush will "share his thoughts" about his eight fiasco-riddled years as "the Decider" will be given...