Shares News

BOSTON (Dow Jones) -- Most people know how to shop for gifts, to find the " right" item for that special friend or loved one. Those same people frequently are horrible at shopping for mutual funds. As we approach the heaviest shopping season of the year, it's clear that the same considerations that go into buying a gift also go into buying a fund. And just as the "perfect gift" often winds up a ...

SAN FRANCISCO (Dow Jones) -- For Cascade Investment LLC and manager Michael Larson, the road to overseeing the personal wealth of Microsoft Chairman Bill Gates got off to a bumpy start. In the late 1990's, Cascade and a group that included Saudi Prince Alwaleed Bin Talal invested in Teledesic LLC, a business run by cellular pioneer Craig McCaw that had dreams of building a broadband satellite-c ...

HONG KONG (XFN-ASIA) - Share prices are expected to open flat to lower on mild profit-taking after last week's cumulative gains, with PCCW likely taking the spotlight following news that Spain's Telefonica and Li Ka-shing are joining investment banker Francis Leung in buying a combined pct 22.65 pct stake in the fixed-line carrier, dealers said. Leung said in a statement that Telefonica and two  ...

BEIJING (XFN-ASIA) - An arrangement between Hong Kong tycoon Li Ka-shing, Francis Leung Pak-to and Spain's Telefonica to buy Richard Li Tzar-kai's 23 pct stake in Hong Kong's PCCW will likely result in China Network Communications Group (China Netcom), China's No.2 fixed-line phone operator, becoming PCCW's controlling shareholder, the South China Morning Post reported, citing people close to the  ...

HONG KONG (AFX) - Shares of the Industrial and Commercial Bank of China (ICBC) have posted modest gains two weeks after investors scrambled to get in on the world's largest ever initial public offering. The dual listing of the bank's shares in Hong Kong and Shanghai, the first of its kind for China, sparked frenzy as top rank foreign and domestic investors sought to get a piece of the Chinese gro ...

WESTMINSTER, Calif. (AFX) - It was not so long ago that people who advocated trade with Vietnam faced reprisals and denunciation by staunch anti-communists in this enclave that's home to the nation's largest Vietnamese immigrant community. But with Vietnam's emerging economy, boosted this week by an invitation to join the World Trade Organization, many Vietnamese are openly discussing busines ...