Archive for July 10th, 2009

The market isn’t expecting much from integrated oil companies this quarter since weak margins are squeezing refiners. But with oil prices up roughly 40% in the second quarter, there’s hope for at least some improvement, despite mixed news from Chevron.The company said a weak U.S. dollar largely neutralized higher crude prices on Thursday. But the… »

After soaring 20% in the past three months, the junk bond market’s performance has turned flat. That seems to reflect a growing caution among money managers and fixed-income analysts, who say a sluggish economic turnaround and weak earnings will lead more debt-burdened companies into bankruptcy. If you’re hoping to jump on the junk-bond rally, it’s… »

Germany’s Infineon has been through a lot since the start of the year. Its Qimonda subsidiary collapsed into bankruptcy in January, driven by a long-running slump in memory-chip prices, and company sales have taken a hit from the slowdown in industries such as mobile handsets and automobiles. But Friday’s announcement of a 1 billion rights… »

Until last year, Mindray Medical International, was spending big to get a foothold in the world’s richest medical market, the U.S., forking over 202 million in March for Datascope’s patient monitoring business. A global recession later, the massive expansion in China’s state healthcare outlays means the country’s biggest medical device maker is actually sitting on… »