As the U.S. dithers over whether to allow liquefied natural gas exports, "the smart money is going to Canada," which is pulling ahead of the U.S. in a contest to be the first exporter of LNG from the North American shale bonanza to Asia’s $150B market. Canada has approved twice as much LNG export capacity as the U.S., positioning it as the go-to source of North American gas for overseas buyers. [View news story]
Until its repealed. That goes along with improving the economy.
An increasingly vocal campaign is arguing for a go-slow approach in allowing U.S. exports of liquefied natural gas. Industrial firms such as DOW, HUN and AA fear that exporting LNG could hurt the U.S. by driving up gas prices. But an XOM exec asks, "Why should the U.S. government discriminate between a... project to liquefy natural gas and a chemical plant to solidify it into plastic pellets? Both create investment, both create thousands of jobs." [View news story]
No, you answered a different question, "Why doe"s, not "why should". The answer to "why should" is , "it should not".
Can Apple's Earnings Put Fears To Rest? [View article]
Pardon me, but I would be happy to duplicate February 2012's return oon AAPL price. My inf indicates it opened the month at 454 and close at 544. a 20% one month increase looks very nice to me.
ExxonMobil (XOM) knew in 1984 that adding the chemical MTBE to gasoline to make it burn more thoroughly would triple incidents of groundwater contamination, lawyers for New Hampshire say at the opening of an $800M trial. XOM says the federal Clean Air Act overrides the state claims, and it was complying with a U.S. mandate to supply fuel that would burn more cleanly. [View news story]
ExxonMobil did not exist in 1984. Which legacy company allegedly knew, Exxon or Mobil? Both companies marketed in NH as competitors.
The Justice Department and the Patent Office are against imposing product-sales bans for IP infringements except in very rare cases, the agencies said yesterday. They also appealed to the ITC to give the public interest - i.e. that "exclusion orders are inappropriate" - the top priority when deciding sanctions for patent breaches. The comments come against a background of the global IP war between the top mobile phone players. [View news story]
It is in the public interest to have patents protected. Without limited (in time) patent protection there will be no innivation as inventors will have no economic incentive.
Year over year earnings from 2011 to 2012 has already grown more than 46% without the 4th fiscal quarter yet being reported. I don't know who you are quoting for a 13% increase next year (2013). I would not expect another blowout like this year, but I think you can expect at least another 20% without any new product lines being introduced.
The Apple-Samsung war entered full circus mode today as witnesses took the stand. An "accounting expert" argued Samsung (SSNLF.PK) should pay just $27K (no typo) for use of Apple's (AAPL) patents (previous), since that's what he thinks it would cost Samsung to design around them. Later, a frustrated Judge Koh told an Apple attorney he should know better than to ask for a long list of witnesses "unless you are smoking crack." The attorney denied doing any such thing. Closing arguments are due on Tuesday. [View news story]
If the cost of designing around Apple patents was $27 K, Samsung would have done so a long time ago.
Apple (AAPL), unsurprisingly, has the largest overseas cash balance of any tech company: Moody's believes it rose 15% in the March quarter to $74B. Joining Apple in the top 5 are Microsoft (MSFT - $50B), Cisco (CSCO - $42.3B), Oracle (ORCL - $25.1B), and Qualcomm (QCOM - $16.5B). Altogether, tech companies account for roughly half of an estimated $457B in overseas cash held by U.S. firms. Efforts to obtain a "tax holiday" on the repatriation of overseas cash have stalled. [View news story]
If you are going to comment and complain about companies that earn funds overseas, paying local income taxes on the earnings at point of earning, and not repatriatging the funds to the USA beacause Uble Sugar wants to attach additional taxes in contrary practice to virtually all other coountries, then please use a US email address. I can assure you that Canada does not handle expatriate earnings and taxation in the same manner.
Exxon Ready To Jump 10% On Natural Gas Turnaround [View article]
One should only think of EM as a long term investment. Their investments in natural gas have been made with a 30-50 year view. They are not looking to make a killing over the next 12 - 18 months with it, rather they are looking to their gas investments as a major part of their long term business. Look for periods of attractive price, and buy and hold ExxonMobil. They will remain the largest private oil company for a long time.
Apple (AAPL) is proving to be as good at avoiding taxes (here and internationally) as it is at designing smartphones, taking advantage of tax laws designed for the industrial, not the digital economy. The company had an overall tax rate of less than 10% in 2011, vs. about a 24% average for non-tech companies, reports the NYT, seemingly laying out a blueprint for politicians to shift attacks from big oil to big tech. Ugh. [View news story]
That is probably why Al Gore is on their Board of Directors.
Exxon Mobil (XOM): Q1 EPS of $2.12 beats by $0.07. Revenue of $108.8B misses by $11.03B. [View news story]
As the U.S. dithers over whether to allow liquefied natural gas exports, "the smart money is going to Canada," which is pulling ahead of the U.S. in a contest to be the first exporter of LNG from the North American shale bonanza to Asia’s $150B market. Canada has approved twice as much LNG export capacity as the U.S., positioning it as the go-to source of North American gas for overseas buyers. [View news story]
An increasingly vocal campaign is arguing for a go-slow approach in allowing U.S. exports of liquefied natural gas. Industrial firms such as DOW, HUN and AA fear that exporting LNG could hurt the U.S. by driving up gas prices. But an XOM exec asks, "Why should the U.S. government discriminate between a... project to liquefy natural gas and a chemical plant to solidify it into plastic pellets? Both create investment, both create thousands of jobs." [View news story]
Can Apple's Earnings Put Fears To Rest? [View article]
ExxonMobil (XOM) knew in 1984 that adding the chemical MTBE to gasoline to make it burn more thoroughly would triple incidents of groundwater contamination, lawyers for New Hampshire say at the opening of an $800M trial. XOM says the federal Clean Air Act overrides the state claims, and it was complying with a U.S. mandate to supply fuel that would burn more cleanly. [View news story]
The Justice Department and the Patent Office are against imposing product-sales bans for IP infringements except in very rare cases, the agencies said yesterday. They also appealed to the ITC to give the public interest - i.e. that "exclusion orders are inappropriate" - the top priority when deciding sanctions for patent breaches. The comments come against a background of the global IP war between the top mobile phone players. [View news story]
Apple: Take The Money And Run [View article]
The Apple-Samsung war entered full circus mode today as witnesses took the stand. An "accounting expert" argued Samsung (SSNLF.PK) should pay just $27K (no typo) for use of Apple's (AAPL) patents (previous), since that's what he thinks it would cost Samsung to design around them. Later, a frustrated Judge Koh told an Apple attorney he should know better than to ask for a long list of witnesses "unless you are smoking crack." The attorney denied doing any such thing. Closing arguments are due on Tuesday. [View news story]
Apple (AAPL), unsurprisingly, has the largest overseas cash balance of any tech company: Moody's believes it rose 15% in the March quarter to $74B. Joining Apple in the top 5 are Microsoft (MSFT - $50B), Cisco (CSCO - $42.3B), Oracle (ORCL - $25.1B), and Qualcomm (QCOM - $16.5B). Altogether, tech companies account for roughly half of an estimated $457B in overseas cash held by U.S. firms. Efforts to obtain a "tax holiday" on the repatriation of overseas cash have stalled. [View news story]
Exxon Ready To Jump 10% On Natural Gas Turnaround [View article]
Apple (AAPL) is proving to be as good at avoiding taxes (here and internationally) as it is at designing smartphones, taking advantage of tax laws designed for the industrial, not the digital economy. The company had an overall tax rate of less than 10% in 2011, vs. about a 24% average for non-tech companies, reports the NYT, seemingly laying out a blueprint for politicians to shift attacks from big oil to big tech. Ugh. [View news story]