Securities For Beginners

Monday, December 12, 2005

News on Monday, December 12, 2005

A $30B energy merger may be in works (CNN/Money)
Oil major ConocoPhillips is in advanced talks to buy oil and gas producer Burlington Resources Inc. for more than $30 billion, the Wall Street Journal online edition reported.

China trumps US as top PC, phone exporter (
China surpassed the United States as the world's top exporter of laptop computers, mobile phones and other information and communications technology devices in 2004, the Organization for Economic Co-operation and Development said on Monday.

Paramount to buy DreamWorks (
Paramount Pictures on Sunday agreed to buy DreamWorks SKG in a $1.6 billion cash-and-debt deal that gives the Viacom Inc.-owned studio a much needed boost and ends the efforts of Steven Spielberg and two other moguls to build an independent movie and television empire.

OPEC won't cut output now (CNN/Money)
OPEC ministers agreed Monday to keep oil supplies at a 25-year high to hold prices in check as the U.S. winter sets in, delaying for a few more weeks a difficult decision over when to cut output.


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