Strategic Outlook(A)
Friday, October 7th, 2005Good versus Bad Growth
Good versus Bad Growth
When President Richard Nixon visited Beijing in 1972, he could never have dreamed the Communists would one day bid against Chevron Corporation for Unocal.
The message for other companies: Just Do It!
On Wall Street, mega-mergers are usually celebrated. After all, they portend layoffs, bumped up profit margins and investment banking revenues. What’s not to like? In the case of Chevron’s proposed $16 billion acquisition of Unocal, plenty. At least if you care about national security, the environment or what the rest of the world thinks about America.
Citigroup, , the world’s largest financial services company, made more money last year than anyone has a right to make - $17 billion after taxes. The only U.S. company to exceed that mark was ExxonMobil - buoyed by soaring oil prices, it earned $25.3 billion. The Citigroup profit was greater than the revenues of 70 […]
This past fall the price of a barrel of oil set a new record above $55, and after a brief respite we are close to those sky-high levels once again. Yet the economy is growing, and inflation is running at only 3%. For many of us who were both alive and out of diapers during […]
In the optimal case, we sell a stock after it has increased in price.
Are We Talking About Borders or Boardrooms?
Brits Go for American-style Capitalism, But Blink at Banning Smoking in Pubs
The Year Behind and the Year Ahead