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The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

China Will Continue To Drive The Global Economic Recovery In 2010

Thu, 03 Dec 2009 14:38:07 GMT

China isn’t just leading the global economic recovery – it’s lapping the field.[More...]

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Thu, 03 Dec 2009 13:15:56 GMT

Back in June, we discussed commercial real estate at length following attendance at a large real estate conference in NYC. Our tone was cautious and one question we wondered about was the percentage of GDP that real estate represents. We actually came across the answer back in August and meant to share then, but didn't get to it. Since the question/topic remains highly relevant to considering the potential negative economic drag from depressed real estate activity, we're sharing now -- the following table is from an 8/28/09 NYTs article, "Construction That Fueled Growth in the Sun Belt Slows":[More...]

Credit Market Overview: Dec 3, 2009

Thu, 03 Dec 2009 12:59:02 GMT

The credit crunch crisis of confidence which we appear to be crawling out of even though the debt and equity markets catapulted themselves higher earlier this year could be similarly argued to be a crisis that started in the credit markets which crunched confidence around the world as it could a collapse in confidence in the value of the securities investors held which corrupted the credit markets causing them to cease funding.[More...]

Grab Some Northern Exposure With EWC

Wed, 02 Dec 2009 21:39:42 GMT

Emerging markets are captivating investors again, but tidy profits aren’t always far away. Placing your bets on well-established global markets can also prove rewarding. That's why we're looking at Canada.[More...]

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Wed, 02 Dec 2009 21:20:20 GMT

U.S. job losses in the private sector slowed in November but still exceeded economists’ projections, a report by payroll-processing firm Automatic Data Processing (Nasdaq: ADP) indicated yesterday (Wednesday).[More...]

Why Barrick Closed Their Gold Hedge

Wed, 02 Dec 2009 19:15:14 GMT

It sure looks like gold is going to close above $1,200 an ounce today in New York. And large open market purchases from central banks in China, India and Russia are only helping the price surge more. (Just one year ago, some of these same central banks were actually selling gold in an attempt to fill an annual 10,000-ton supply gap.)[More...]

How To Profit From The 'Next' Dubai

Wed, 02 Dec 2009 13:51:42 GMT

The Dubai World default is a matter of only $60 billion – mere peanuts when compared to other elements of the global financial crisis. It’s thus of concern only to those silly enough to invest in real estate there (and the European banks foolish enough to finance it.) For the rest of us, it is a useful reminder that sudden collapses don’t really come out of nowhere – they can be foreseen, and smart investors can plan for them.[More...]

Asarco Will Contest Suitor Bowing Out of $2.6B Bid in May

Wed, 15 Oct 2008 13:50:00 GMT

Oct. 15--A surprising turn of events Tuesday means Tucson copper producer Asarco LLC may once again end up in the hands of its former parent company, Mexico City-based Grupo Mexico.
Sterlite Industries Ltd. "cannot and will not" go forward with plans to acquire Asarco for the $2.6 billion bid it made in May, Asarco announced Tuesday.
The company cited the ongoing credit crisis and falling copper prices as the reason for abandoning the offer to bring Asarco out of bankruptcy.

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Wall St Sense Sector & Financial Coverage of Sterlite Industries India Ltd., Turkcell Iletisim Hizmetleri AS, URS Corp., Celestica Inc., Owens- Illinois Inc. and Infosys Technologies Ltd.

Mon, 23 Nov 2009 11:05:00 GMT

Wall Street sinks on tech and recovery concerns; a broad based selling has been witnessed lead by technology sector on Thursday.
As new market updates continue to fuel the current trading trend, Wall Street Sense analysts have issued valuable analysis on the following companies: Sterlite Industries India Ltd. (NYSE: SLT), Turkcell Iletisim Hizmetleri AS (NYSE: TKC), URS Corp. (NYSE: URS), Celestica Inc. (NYSE: CLS), Owens-Illinois Inc. (NYSE: OI) and Infosys Technologies Limited (NYSE: INFY).
A quick snapshot of today's reports follows, for the full report sign up today at Wall Street Sense:

[More...]

RidgewaterEquity.Com Free Fundamental Sector &Amp; Market Research on BQI, TS, SLT, COL, TMX and RYL

Mon, 02 Nov 2009 10:01:00 GMT

RidgewaterEquity.com inspires to bring the best from the internet under one roof, providing you with a one click option to view what the market, researchers and financial pundits worldwide have to say about any particular large cap stocks in any given financial environment.
Once you sign up as a free member you will have free unlimited access to all our reports, research tools and more.
We have recently begun in-depth analysis of the following equities & their respective sectors:

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Sterlite Industries (India) Limited Revised Offer to Purchase Operating Assets of ASARCO LLC

Tue, 11 Aug 2009 05:13:00 GMT

Sterlite Industries (India) Limited, a subsidiary of Vedanta Resources plc, the London-based FTSE 100 metal and mining group Limited, has changed its bid to purchase operating assets of Asarco LLC. The revised consideration includes (a) Cash of US$1,587 million and (b) a US$208 million Copper Price Participation Note (reduced from earlier $770 million).[More...]

Sterlite Industries (India) Limited: ADS Offering – Exercise of Over-allotment Option

Thu, 30 Jul 2009 11:39:00 GMT

Sterlite Industries (India) Limited (“Sterlite”) announces that it has received a notice from J.P. Morgan Securities Inc. and Morgan Stanley & Co. International plc, the joint bookrunners to the previously announced public offering (the “Offering”) of new equity shares of Sterlite in the form of American Depositary Shares (“ADSs”), exercising their over-allotment option to acquire an additional 8,449,221 ADSs at the public offer price of US$12.15 per ADS. These ADSs will be listed on the New York Stock Exchange under the symbol “SLT”.[More...]

Sterlite Industries (India) Limited; Unaudited Results for the First Quarter Ended 30 June 2009

Wed, 29 Jul 2009 13:22:00 GMT

Sterlite Industries (India) Limited (“SIIL” or the “Company”) today announced unaudited consolidated results for the first quarter ended 30 June 2009. (“Q1”)[More...]

Sterlite Industries (India) Limited: Notice of First Quarter Results

Thu, 23 Jul 2009 11:19:00 GMT

Sterlite Industries (India) Limited (NYSE:SLT)(BSE:STERLITEIND) will announce its results for the first quarter ended 30 June 2009 on Wednesday, 29 July 2009.[More...]

Hindustan Zinc Limited; Results for the First Quarter Ended 30 June 2009

Wed, 22 Jul 2009 10:34:00 GMT

Hindustan Zinc Limited (“HZL” or the “Company”) today announced its results for the first quarter (“Q1”) ended 30 June 2009.[More...]

Sterlite Industries (India) Limited Announces a Proposed Equity Offering

Wed, 15 Jul 2009 20:51:00 GMT

Sterlite Industries (India) Limited (“Sterlite”) today announced that it has filed an automatic shelf registration statement with the U.S. Securities and Exchange Commission (the “SEC”), which is effective immediately. Pursuant to this, it is offering to issue and sell, subject to market and other conditions, new equity shares in the form of American Depositary Shares (“ADSs”) that is expected to result in gross proceeds of approximately US$1.50 billion (in addition, the underwriters have an over-allotment option equivalent to 15% of the offering size, excluding any portion of the offering allocated to Vedanta Resources plc (“Vedanta”), either directly or through a subsidiary of Vedanta) (the “Offering”).[More...]

StreetInvesting.Com Free Research on BMO, TGB, SLT, BNI, PKD and OMC

Fri, 10 Jul 2009 14:14:00 GMT

Investors seeking the best unbiased research on Bank of Montreal (NYSE: BMO), Taseko Mines Limited (NYSE: TGB), Sterlite Industries India Limited (NYSE: SLT), Burlington Northern Santa Fe Corporation (NYSE: BNI), Parker Drilling Company (NYSE: PKD) and Omnicom Group Inc. (NYSE: OMC) should sign up to StreetInvesting.com today to gain free access to the most educational research reports on the web.
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Corporate Analysis -- Financial Reporting -- Sector & Industry Scrutiny -- Buy, Hold, Sell Opinion -- Technical Summary

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Sterlite Industries (India) Limited Results for the Fourth Quarter and Full Year Ended 31 March, 2009

Tue, 28 Apr 2009 14:14:00 GMT

Sterlite Industries (India) Limited (“SIIL” or the “Company”) (NYSE: SLT) today announced its consolidated results for the fourth quarter (“Q4”) and audited results for the Full year (“FY2009”) ended 31 March 2009.[More...]