Woolworths Ltd plans to offload $900 million of its retail sites from the company’s property portfolio.
The retailing giant plans to sell 30-plus neighbourhood and sub-regional shopping centres, then lease back the sites on a long-term basis, Woolworths said on Monday.
Stocks News » Stocks
Woolworths to sell $900m of property
Posted by CaraTan 1 day 17 hours ago (http://www.egoli.com.au)Copper, currency gains fuel Chile ETF's rally ETF Investing
Posted by CaraTan 1 day 17 hours ago (http://www.marketwatch.com)
A rebound in copper prices and a strengthening local currency have pushed an exchange-traded fund tracking Chilean stocks into the top ranks of the emerging markets category.
The $700 million iShares MSCI Chile Investable Market Index Fund ECH 70.30, -0.01, -0.01%) rallied to a new record high on Friday, trading above $70 a share for the first time since it was introduced in November 2007.
The $700 million iShares MSCI Chile Investable Market Index Fund ECH 70.30, -0.01, -0.01%) rallied to a new record high on Friday, trading above $70 a share for the first time since it was introduced in November 2007.
Questcor Pharma: Acthar Approval Seems Likely
Posted by seamusK 17 days ago (http://seekingalpha.com)
In the second week in May, the Peripheral and Central Nervous System Drugs Advisory Committee to the FDA held a panel meeting to discuss approval for using Questcor’s (QCOR) Acthar in the treatment of infantile spasms. The meeting went very well as the panel's purpose was to advise the FDA on their opinion of whether or not Acthar should be approved by the FDA for this condition. The vote by pane
Australia Market in Line for Flat Opening
Posted by xiulian 23 days ago (http://www.egoli.com.au)
The Australian share market finished weaker on Monday. The S&P/ASX 200 Index closed 21 points lower at 4,439 and on the futures market the SPI200 is down 5 points.
Turning to currencies and the Aussie Dollar at 7:45AM was buying 89.79 US cents, 57.35 Pence Sterling, 76.65 Yen and 70.03 Euro cents.
Turning to currencies and the Aussie Dollar at 7:45AM was buying 89.79 US cents, 57.35 Pence Sterling, 76.65 Yen and 70.03 Euro cents.
Gilead Sciences: Undervalued
Posted by CaraTan 57 days ago (http://seekingalpha.com)
Gilead’s (GILD) stock has been in a funk. In the last three months, it has dropped 24% from about $46/share to about $35/share; this compares to a 15% drop for the Biotech HOLDERs index. It now has a PE of 11.1, lower than Pfizer (PFE), Novartis (NVS), and Sanofi Aventis (SNY), while having far higher growth and operating margins. Revenues soared 27% from 2008 to 2009 to $6.5 billion and are expe
Aussie shares and dollars slides on weak lead
Posted by xiulian 59 days ago (http://www.egoli.com.au)
A global sell-off on international equity markets saw Australian shares slump 1.7% by lunch.
Despite the decline, investors may count themselves lucky with the SPI futures pointing to larger losses before the open and European markets losing around twice as much ground.
The slump also took a bite out of the Aussie dollar, which has fallen more than 2c in the last 24 hours.
Despite the decline, investors may count themselves lucky with the SPI futures pointing to larger losses before the open and European markets losing around twice as much ground.
The slump also took a bite out of the Aussie dollar, which has fallen more than 2c in the last 24 hours.
Campbell Brothers forecasts record half-year result
Posted by xiulian 59 days ago (http://www.egoli.com.au)
Campbell Brothers expects to post an underlying net profit after tax for the half year ending 30 September 2010 of between $63m and $68m.he company reported a net profit after tax of $38 million for the previous corresponding period and a record result of $57 million in the half year to September 2008.
The chemicals manufacturer said the forecast result reflects current strong trading conditio
The chemicals manufacturer said the forecast result reflects current strong trading conditio
Asian shares rally into weekend with Shanghai up 2.3%
Posted by dianallandy 61 days ago (http://www.marketwatch.com)
Asian markets rallied into the weekend Friday as positive leads from Wall Street prompted buying in commodity-linked and exporter shares. South Korean stocks shrugged off a surprise interest rate hike by the central bank to advance, while Japanese shares climbed in spite of hefty losses in Inpex Corp. after it announced capital-raising plans.
"Whilst people aren't super bullish, valuations hav
"Whilst people aren't super bullish, valuations hav
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