Posted on July 28, 2005 by brother9

The hot rumor today is that NBC Universal, owned by GE, is looking to buyout Dreamworks. This could be worth as much as $1 billion dollars. Dreamworks is not offering a comment, as often happens, and also issued a statement sayign the buyout is “not authorised.”
If it’s not authorised, there’s implications that the [...]

Posted on July 21, 2005 by brother9

Today China dropped its policy of linking the Yuan to the dollar in a fixed exchange rate. For the past ten years the yuan traded at 8.277 to the dollar. As of today the value of the yuan trades at 8.11 yuan, which is still a state-set value but is moving towards a [...]