French unemployment rose to a 13-year high of 10.6% in Q4 from 10.2% in Q3, due to companies laying off workers amidst an economy that appears to be sinking into recession. Excluding France's overseas territories, the jobless rate was 10.2% vs consensus of 10.1%. (PR) [View news story]
Economist OCTO TECHNOLOGY(ALOCT) makes sense to pursue cloud computing with a good dividend and technology growth. GO BREWERS!!!! YO LOOKED SHARP YESTERDAY, GOOD SLANT ON HIS PITCHES.
U.S. silver miner Hecla Mining (HL) agrees to acquire Canadian gold miner Aurizon Mines (AZK) for ~C$796M, nearly a month after AZK rejected an offer from Alamos Gold (AGI). The offer price of C$4.75/share represents a 9% premium to Aurizon's Friday closing of C$4.35. HL -9%, AZK +6.2% premarket. [View news story]
Economist Shareholder of AZK Very interesting marriage! GO BREWERS!!!
As expected, Swiss voters have approved an "anti-fat cat" initiative that allows investors to hold binding votes every year on executive pay at listed companies, and enable them to block large payouts at the start and end of a manager's employment. Executives who break the new law could face hefty fines and up to three years in jail. [View news story]
Economist The global markets can learn from this. GO BREWERS!!!
Spain is set to take Germany's place as the strongman of Europe, says Morgan Stanley's Joachim Fels. High unemployment means labor costs will remain low for years, he says (doesn't high UE kind of disqualify a country from being another Germany). Fels notes Ford and Renault have both recently moved production to the country. EWP +2.8% YTD. [View news story]
Should Gold Investors Buy The ETF Or Physical Gold? [View article]
Economist Long term common stocks work well. AZK and AGIGF work. BVN is also good with a palladium angle. I have been in this area since 1975 successfully. GO BREWERS!!!!!
UBS (UBS):Q4 net loss 1.89B Swiss francs ($2.08B) vs net profit of 323M francs last year and consensus for loss of 2.16B francs. Loss is due to a $1.5B penalty for manipulating inter-bank interest rates and because of charges from a restructuring plan in which it is laying off 10,000 staff. Ups dividend to 15 centimes a share from 10 centimes last year. (PR) [View news story]
Economist The Swiss cantonal banks make a lot of sense. Having owned various ones since March 2003, the canton has half the share base and private shareholders the other half. My first one was Banque Cantonal du Jura long term profitable and solid dividend. Truly banks run as utilities, not as "giant vampire squids"(Thank you MattT.) GO BREWERS!!!
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Market Analysis: France [View article]
French unemployment rose to a 13-year high of 10.6% in Q4 from 10.2% in Q3, due to companies laying off workers amidst an economy that appears to be sinking into recession. Excluding France's overseas territories, the jobless rate was 10.2% vs consensus of 10.1%. (PR) [View news story]
U.S. silver miner Hecla Mining (HL) agrees to acquire Canadian gold miner Aurizon Mines (AZK) for ~C$796M, nearly a month after AZK rejected an offer from Alamos Gold (AGI). The offer price of C$4.75/share represents a 9% premium to Aurizon's Friday closing of C$4.35. HL -9%, AZK +6.2% premarket. [View news story]
As expected, Swiss voters have approved an "anti-fat cat" initiative that allows investors to hold binding votes every year on executive pay at listed companies, and enable them to block large payouts at the start and end of a manager's employment. Executives who break the new law could face hefty fines and up to three years in jail. [View news story]
Palladium May Outshine Gold And Silver In 2013 [View article]
Spain is set to take Germany's place as the strongman of Europe, says Morgan Stanley's Joachim Fels. High unemployment means labor costs will remain low for years, he says (doesn't high UE kind of disqualify a country from being another Germany). Fels notes Ford and Renault have both recently moved production to the country. EWP +2.8% YTD. [View news story]
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Should Gold Investors Buy The ETF Or Physical Gold? [View article]
UBS (UBS): Q4 net loss 1.89B Swiss francs ($2.08B) vs net profit of 323M francs last year and consensus for loss of 2.16B francs. Loss is due to a $1.5B penalty for manipulating inter-bank interest rates and because of charges from a restructuring plan in which it is laying off 10,000 staff. Ups dividend to 15 centimes a share from 10 centimes last year. (PR) [View news story]
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