offshore-finances.com

BP’s procrastination over whether or not it intends to pay its dividend harmed the company once more today.
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Dell Inc. (NASDAQ:DELL) disclosed that it is in talks with the Securities and Exchange Commission (SEC) to resolve certain accounting inconsistencies that were discovered by the SEC for periods going back to 2005. However, the situation really got more publicized when the company, including its CEO, Michael was dragged through the press due to some underhand dealings with chip maker Intel Corporation (NASDAQ:INTC).
 
The company stated that irrespective of Mr. Dell’s involvement with Intel, he … [visit site to read more]

Following the US moratorium on offshore drilling due to oil spill, Petrobras (NYSE:PBR) could benefit from the US Gulf of Mexico (GoM) rigs. Since the upstream players are closing down deepwater GoM drilling activity for the time being, rig operators are looking at a better place to work with.
 
Nearly 35 rigs are inoperative following the moratorium. Oilfield service companies are presently inquiring about the movement of their rigs to Brazil from GoM. While the moratorium was initially … [visit site to read more]

Monday, June 14, 2010: Issue #1280
While I was in Baltimore last week, one of our Oxford Club researchers, Matt Carr, told me over lunch that one of the most controversial aspects of our investment policy is trailing stops.
But they shouldn’t be.
If you don’t have a premeditated sell discipline – and the vast majority of investors don’t – you’re flying by the seat of your pants. And that rarely leads to superior investment performance.
But do trailing stops really work?
Survey Says: … [visit site to read more]

JetBlue Airways (NASDAQ:JBLU) was initiated as “Buy” by Deutsche Bank (NYSE:DB), and was also upgraded by Bank of America (NYSE:BAC) to Buy from Neutral. Its shares rose 6% to $6.50 in early Monday trading.
Southwest Airlines (NYSE:LUV) was upgraded to “Buy” at Deutsche Bank with a price target of $15, citing the airline’s excellent balance sheet and earnings growth in 2010.
Transocean (NYSE:RIG) has the price target lowered to $105 at Morgan Stanley (NYSE:MS) in light of the ban on deepwater drilling. It … [visit site to read more]

American Eagle Outfitters Inc. (NYSE:AEO), which operates as an apparel and accessories retailer in the United States and Canada, recently announced that it will award shareholders of record as of June 28, 2010, with a 10% hike in dividend. After paying 10 cents a share in the form of dividends for 12 consecutive quarters, American Eagle breaks the trend by boosting the quarterly dividend payment to 11 cents a share. The previous increase in the company’s dividend was on March 28, 2007.  A … [visit site to read more]

AMB Property Corp. (NYSE:AMB), a leading real estate investment trust (REIT), has recently leased approximately 455,200 square feet of its development portfolio in China to three unnamed third-party logistics providers and an electronic solutions company. The lessees will occupy the space in AMB Guangzhou Development Zone Logistics Center, a multi-story business park located in Guangzhou — the third largest city in China.
 
The Class-A facility spanning 1 million square feet is currently … [visit site to read more]

Motorola Inc. (NYSE:MOT) and Research In Motion Ltd. (NASDAQ:RIMM), the two global giants in the mobile phone market, reached an agreement to settle a patent dispute over mobile technology. In January 2010, Motorola complained to the U.S. International Trade Commission that BlackBerry devices violated its patent rights and RIMM should be banned for importing and marketing BlackBerry phones in the U.S.
 
According to the new agreement between the two companies, RIMM will give Motorola an upfront … [visit site to read more]

 Cablevision (NYSE:CVC) said it agreed to buy privately-owned Bresnan Communications for $1.36 billion

 RailAmerica (RA) reported its June car loads improved 9.1% YoY from May levels

 FBR upgraded T Rowe Price (NASDAQ:TROW) from “market perform” to “outperform,” raising the price target from $58 to $65

 Citigroup (NYSE:C) upgraded PulteGroup (NYSE:PHM) shares to “buy” from “hold,” with a price target of $14

 KeyBanc upgraded Polaris (NYSE:PII) to “buy” from “hold,” with a … [visit site to read more]

Consolidation vehicle Resolution confirmed this morning that it was suspending its shares while it attempts to complete the buy-out of Axa’s UK life assurance business.
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