Archive for the 'Business' Category

Murdoch gets closer to purchasing Dow Jones

Rupert Murdoch is getting closer to purchasing Dow Jones. So what will be the new name for the Wall Street Journal? Fox News Journal? Neocon Tribune? Yellow Journalist Daily?

Late Update: In a formal statement the Bancroft family said, “As we have been since 1902, the Bancroft family remains resolute in its commitment to preserve and protect the editorial independence and integrity of The Wall Street Journal.” Yep, integrity until enough gold tilts the balance.

Halliburton Will Move HQ to Dubai

HalliburtonHalliburton says it will move its headquarters from Houston to Dubai, U.A.E. to take advantage of the extensive business opportunities in the Middle East. I have no doubt that is a significant motivator and I’m sure it has absolutely nothing to do with reducing its U.S. tax liability. Furthermore, there’s no way it could have anything to do with Iraq easing towards an internal oil policy agreement and Halliburton’s existing presence in Iraq.

Also, several Middle Eastern countries and the U.S. have gotten together for the first time to discuss how to deal with Iraq. Perfect timing for Halliburton to insert itself into negotiations with virtually all of the world’s oil producing nations at once.

Moving the headquarters of a company the size of Halliburton is no small task…if they start their transition today, they should have most of the operations transferred and headaches eliminated right about the time Dick Cheney will leave the White House and needs a job. And, new stock options too.

Stock Market Final

Stock market final:

Dow 12,216.80 -415.46
Nasdaq 2,407.87 -96.65
S&P 1,399.30 -50.07

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BREAKING: DOW TUMBLES MORE THAN 500 POINTS

As of 3:34 PM EST, the Dow-Jones dropped more than 500 points and is now hovering in the down 400 to 420 range. The selling-off is wide spread and not related to a single industry or company.

Looking out for the big guys

I’m pleased to see that Bush is ensuring the safety and security of corporations

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Cha-ching at the gas pump

The governor of Texas said yesterday that the state’s oil refineries had suffered a glancing blow, at worst from Hurricane Rita.   Anyone believe that we will see just a "glancing bow" at the gas pump?

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