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From the Blogosphere
GM Dethrones Henderson – Analyst Blog
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General Motors’ (MTLQQ) Board of Directors has ousted Chief Executive Officer (CEO) Fritz Henderson from his position, blaming the slower-than-expected recovery of the company. For the time being, General Motors (hereafter, GM) Board’s Chairman Ed Whitacre Jr. – the former head of AT&T (T) – will serve as CEO until a suitable candidate is found outside the organization.
Henderson, who joined GM in 1984, was promoted to CEO from Chief Financial Officer in March, replacing Rick Wagoner. Wagoner was forced to resign by the Government on the same account – more radical change is expect< />< /><><><><>< />< />< />< /><><>< />< />< /><>< /><>< /><>< /><>< /><>< /><>< /><><>< /><>< /><>< />< />...
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Why Traders Keep Losing Money
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"Imagine a mutual fund run by several money managers. Some of these managers are relatively astute and quite attentive to market data and patterns. Others tend to take their eye off the market ball and consistently lose money. The overall performance of the fund, averaging the returns of these managers, is mediocre, as the losses of the poorly performing managers cancel out the gains of the astute ones.
What would you do if you were the chief executive officer (CEO) of this fund?
<>Easy, you say. You would identify the successful managers and place all the money in their hands. You would e...
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Comparing the New Claymore AlphaShares China All Cap ETF (YAO) to Claymore AlphaShares China Small Cap ETF (HAO)
Zacks Industry Outlook Highlights: CNOOC Ltd., China Petroleum and Chemical Corporation, or Sinopec, Cameron International, Nabors and Patterson-UTI – Press Releases
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For Immediate Release Chicago, IL – November 6, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Oil & Gas sector, including CNOOC Ltd. (CEO), China Petroleum and Chemical Corporation, or Sinopec (SNP), Cameron International (CAM), Nabors (NBR) and Patterson-UTI (PTEN). A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/26953/Oil+%26amp%3B+Gas+Industry.<>The strengthening oil price environment should benefit producers, particularly those international players having a...
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Oil & Gas Industry – Industry Outlook
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OUTLOOK
The improving economic scene, both here in the U.S. as well as worldwide, is the main driver of the current oil rally that has seen the commodity settling around the $80 per barrel level. But high levels of product inventories (particularly gasoline), along with still higher supplies, will limit any sustained crude gains, in our view. But way too many factors weigh on oil prices, from OPEC decisions and geostrategic tensions to the value of the U.S. dollar and seasonal variables, to definitively size up each one of them for their respective impact on prices.
In its latest release,...
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About CNOOC Ltd
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