China share index falls on IPO, newcomers sizzle

on December 26, 2009 by in Uncategorized, Comments (0)

China’s key stock index ended down 0.38 percent on Friday as caution over new share supplies deepened after the unexpected announcement of an IPO by Anhui Xinhua Media, although investors snapped up nine new listings including Shenzhen Gas Corp (601139.SS).

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Funds study RUSAL IPO, firm valued at $17-22 billion

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Funds BlackRock (BLK.N) and Paulson (PLCC.O) may buy into Russia’s RUSAL, valued at $17-$22 billion by banks for an IPO, but the aluminum giant has yet to win firm commitments from non-Russian investors, sources said.

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Outlook for healthcare IPOs improving

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Healthcare companies are lining up to go public, and they could get a warmer reception in 2010 as investors’ risk appetite increases, and new legislation potentially leads to more profit for the sector.

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Russia fears gas problems with Ukraine, stops oil

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Russia has scrapped January oil exports via Ukrainian ports and also said it fears Ukraine will have problems paying for its gas, a sign of a possible repeat of New Year gas rows which have led to supply cuts in Europe.

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Koss fires exec after alleged $20 mln embezzlement

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Koss Corp (KOSS.O) fired its vice president of finance after she allegedly embezzled more than $20 million from the headphones maker for a multi-year shopping spree of expensive clothes, jewelry and other personal items.

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Sberbank wants GM to compensate for Opel -report

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Russian state-controlled Sberbank (SBER03.MM) has said General Motors [GM.UL] should compensate it for an aborted attempt to sell a stake in Opel or it will sue, the Associated Press reported on Friday.

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The last word in astrology: 12/26/09

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CELEBRITIES BORN ON THIS DAY: Chris Daughtry, 30; Jared Leto, 38; Ozzie Smith, 55; John Walsh, 64

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Oakdale Baptist to break ground for new Sanctuary

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Oakdale Baptist Church of Townville, S.C. is excited to announce a ground breaking ceremony at 11 a.m. on January 17, 2010 for their new 15,000 square-foot Sanctuary.

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Church events, 12-26

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A living nativity scene will be presented by Mount Tabor Baptist Church of Westminster at Expressions Unlimited, 212 Retreat St., Westminster, from 6-8 p.m. Call (864) 647-9218 or visit mymttabor.org.

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OCPL selected for Smithsonian Exhibit

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Christmas came early to the Oconee County Public Library on Friday as staff accepted congratulations from The Humanities Council of South Carolina.

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