Billionaire Chey Sees Stockholder Loss With Hynix Bid: Real M&ATuesday, July 19, 2011 @ 5:34PMSK Telecom Co., the worst-performing telecommunications stock in east Asia, has decided that the best way to increase shareholder value is to pursue a bailed out chipmaker and a bankrupt video-rental chain.
Baidu to Pay Record Labels for Beyonce, Gaga Music in ChinaTuesday, July 19, 2011 @ 4:00PMBaidu Inc., owner of China’s most popular Internet-search engine, agreed to pay record labels to offer songs by artists including Beyonce, Lady Gaga and Frank Sinatra, ending a six-year dispute over piracy.
Most Asian bourses decline amid debt deal failure concernTuesday, July 19, 2011 @ 3:20PMBloomberg/Singapore Most Asian stocks fell amid concern US lawmakers will fail to reach a deal on the country’s debt limit and Europe’s worsening sovereign-debt crisis will slow the global economic recovery.
Soros’s Quantum at 75% Cash Leads Hedge Funds Reducing RiskTuesday, July 19, 2011 @ 3:12PMKeith Anderson, who runs the $25.5 billion Quantum Endowment Fund for Soros Fund Management LLC, has seen enough of choppy global markets.
A look at economic developments around the globeTuesday, July 19, 2011 @ 2:10PMA look at economic developments and activity in major stock markets around the world Tuesday: