Zong Qinghou, head of China’s third- largest beverage maker, is the country’s richest man after disclosing his stake in closely held Hangzhou Wahaha Group Co. is more than double previous estimates.
The 66-year-old soda and juice tycoon owns more than 80 percent of Wahaha, the company’s spokesman Shan Qining said in an interview on Sept. 3. That stake elevates Zong’s net worth to $21.6 billion, according to the Bloomberg Billionaires Index. He is now [...]
Apple Inc. plans to add Baidu Inc.’s search engine on iPhones in China, part of a push to broaden its services and user base in the world’s most-populous nation, according to two people with knowledge of the matter.
The agreement to add Baidu, China’s largest search engine, to the lineup of Web tools on the iPhone could be announced as early as next week, said one of the people, who asked not to be [...]
Baidu (NASDAQ: BIDU) now holds 77.7% market share by revenue and Google (NASDAQ: GOOG) 18.3% in China’s search engine market, according to 2011 Q3 data from iResearch.
About one-and-a-half years ago, Google engaged in a public dispute with the Chinese government, refusing to continue censoring its search results and re-directing Chinese traffic to its Hong Kong site. In that time period, Baidu has gained 10% market share while Google has lost 11%.
This morning, the major stock market indexes are trading higher after a debt ceiling resolution was announced yesterday. The debt ceiling deal still needs to pass a critical vote in the U.S. Congress. Many traders and investors have already taken profits at the open this morning on any long positions that where bought last week. As a trader we simply want to be on the [...]
By Dian L. Chu, EconForecast
It is inevitable that when you have a market run up like we have had recently driven mostly by liquidity and Santa Claus Rally, many stocks would see pullbacks in the New Year.
The following are just five of such candidates that I believe capable of some meaningful downside risk,Â and areÂ not intendedÂ to beÂ all inclusive.
Could This CAT Bounce?
Caterpillar stock has had an [...]
Read the below. Just picked this up fresh online at ZeroHedge.com
Today’s POMO of bonds maturing between 2021 and 2040, pretty much everything that still has any yield, has begun.
Brian Sack is about to hand out around $4 billion to the Primary Dealers, as the Fed is hell bent on taking over as the second largest holder of US Treasuries within two weeks -
Japan held $821 billion as of July, the [...]
50/50 chance that this marks an intermediate top, or just a brief correction before we blast higher.
I will assure you that if the Dow drops 1,000 points from here, we’ll see 1.99% on the 10-year, given that it has already cratered by 16 bps in two days.
Financials and steel stocks look terrible, those appear to be leading the decline.
But Nike is gapping up to world record [...]
There is no “recovery” at all. Main Streets all over America have more stores and commercial buildings empty and with “Available” or “For Lease” or “For Sale” signs than at any time since the Great Depression. We have actual unemployment of around 24% now in the US when counted the way it was during the Reagan years.
The Federal government deficit is now running well over $2 trillion per year. 43 [...]