Hints and tips:
...Apollo bought $2bn of AT&T preferred stock in a deal that allowed the wireless carrier to partially repay some of its outstanding preferred equity....
...The situation for tech and auto suppliers in Shanghai is becoming critical, reports our #techAsia newsletter....
...And RBC Capital Markets advises taking profit in AB Foods. Unchanged £28.50 target....
...He also predicted that a tie-up could lead to higher prices for customers across the big wireless carriers....
...One big demand driver for such chemical carriers is shipping the plastics made by newly competitive US petrochemical companies to China, where they will go into cars built on mainland assembly lines....
...The Swedish company’s S60L sedans will be transported by truck to Shanghai’s port, loaded on to car carriers for shipment across the Pacific, and finally rolled off in Los Angeles....
...However, Tidal has agreed a partnership with Sprint, the US mobile carrier owned by SoftBank, to distribute the streaming service....
...Meanwhile, US buyout house Hellman & Friedman is preparing a £2bn takeover bid for Auto Trader, the UK’s largest marketplace for used cars, in a deal that would derail what is expected to be one of this...
...Enter a protean, hybrid ABS/corporate bond structure. In the spring, Ford issued a five year revolving ABS based on auto loans....
...The carmaker produces its small Corsa model at both plants and its Meriva people carrier in Zaragoza. The car industry is one of the most exposed of any to the crisis in Japan....
...expectation that Verizon will break AT&T’s exclusive grip on the iPhone in the US, and Verizon also supporting a rival Samsung LTE phone, Motorola Mobility is expected to diversify, working with additional carriers...
...Chery displayed an electric version of its Riich G-5 sedan incorporating a switchable battery at this weekend’s Beijing auto show....
...The new holdco housed Chrysler Corp LLC – producer of Chrysler, Dodge and Jeep branded vehicles – and Chrysler Financial....
...Visa was down 1.5 per cent to $72.22 and MasterCard, due to report earnings tomorrow, lost 3.6 per cent to $203.95 after speculation that US mobile carriers AT&T and Verizon Wireless could be planning to...
...TNT, which took its name from the international express carrier that merged with the Dutch post office in 1996, has long been in the frame as a possible takeover target....
...He earned an AB Magna Cum Laude at Princeton University....
...Instead, they switched en masse to people carriers and SUVs that were classified as light trucks, and so could be thirstier....
...versions of the Storm will be a true ‘world phone’ that will work on both the Verizon EVDO network in the US and on the 3G HSDPA (high speed data packet access) networks operated by Vodafone and other carriers...
...He is currently chairman and chief executive of The Abraham Group, LLC...
...Problems facing Indian domestic carriers were “due to two factors: the price of oil and too many low-cost carriers,” he said. “Given the problems, there will be consolidation.”...
...Irish budget carrier Ryanair was 0.8 per cent lower at €2.98....
...Airlines were among the top losers, with Iberia softening 1.9 per cent to €3.14 as hopes of a bidding war for the Spanish carrier faded....
...AT&T, the largest US carrier, has said it expects to migrate to LTE from its GSM-based networks....
...In the auto sector, Fiat rose by 5 per cent to€21.16, while DaimlerChrysler climbed 3.9 per cent to €70.64 and BMW was 3.8 per cent higher to €45.23....
...“There’s a disparity between what these new managers think they can deliver and the reality of the industry,” says Steve Cheetham, autos analyst with Sanford Bernstein, the research group....
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