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 (Reuters.com)
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 (Reuters.com)
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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