Acquisitions

American investments funds raised on Tuesday and showed the possibility of soon recovery from the Monday`s sink. Citigroup obtained an injection of 7.5 billion dollars from Abu Dhabi. This transaction supported the belief, that the biggest banks will survive the mortgage crisis. The announcement of preparation for sale of 4.9% from Citigroup`s funds to United Arab Emirates can help the stock get over the November`s overflow, during which the indexes decreased down to 10 and more percent under the October`s minimum. "The move gives Citigroup additional capital flexibility," analysts at Deutsche Bank said in a briefing note to clients, but they said Citigroup was still juggling multiple financial challenges. The financials say, the investition will bring an annual gain of 11%. The dimension of the earnings indicates how much Citigroup needs the balance, after the recent loss in the mortgage and home sales industry. The good news is coming from the analysts. The decline of American funds will be probably over very soon. "City is big, it`s widely followed, and when people see confidence in it, it should mean something," said Bo Browstein, an analyst covering financial stocks at Cambiar Investors in Denver, Colorado. After the completion of the transaction, Abu Dhabi will become a major investor in the corporation, wit its share of 4.9%. It will outrun the Los Angeles`s Capital Group Cos. and Saudi Arabian Prince Alwaleed Bin Talal. The funds of the company reinforced by 3.32% to 31.72USD, before the official opening of international markets.

by Romana Schlesingerova for PocketNews (http://pocketnews.tv)

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First day of the week is always full of events, Intuit Inc just announced that for a price of $170 million has acquired Homestead Technologies Inc with the purpose of getting more online tools for their clients- small business. The acquisition is scheduled to close early in 2008. Intuit Inc is an American software company that develops financial and tax preparation software and related services for small businesses, accountants and individuals with the headquarters in Mountain View, California. The founder is Scott Cook, while Tom Proulx is initial developer and Steve Bennett is the company CEO. Its revenues of $2038 billion are expected to decrease slightly due to the new acquisition, but that can be seen only at the end of the fiscal year in July 2008. The main goal of the purchase is to help Intuit's effort to diversify beyond its popular Quicken and TurboTax programs, which are already popular with small businesses. Quicken is a personal finance management tool, with a vast array of features. There are several versions of Quicken including, but not limited to: Quicken New User, Quicken Basic, Quicken Deluxe and Quicken Premier. Also, TurboTax is a U.S. tax software package offering different versions, including TurboTax Deluxe, TurboTax Premier, available for both Federal and state income tax returns. In conclusion the small businesses are in advantage and can benefit on the new acquisition. Furthermore, is good in case you don't really know what'all about the tax system. Enjoy!

related story: http://news.yahoo.com/s/ap/20071127/ap_on_hi_te/intuit_acquisition;_ylt=Ai663mH.80S8nd1fzyKNikms0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

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In 21st century is water becoming the most important liquid and wasting any drop of this is reckless. And the French energy and environment group Suez on Monday said it would draft a master plan for the management of water, waste and energy services in the development zone. And this company in statement said it would also expand its waste water management plant northeast of Chongqing in Tangjiatuo. The Suez want to enlarging its capacity to 450,000 cubic meters a day from 300,000cubic meters. "We could acquire an interest" in Chongqing Water, said Gerart Mestrallen, Suez chief executive in interview with the French radio station Europe 1. Suez manages the water supply for 13.5 million Chinese residents as well as 14 million in France at the moment. And this company has been selected as a partner in an economic and residential development project in the city of Tianjin near Beijing. The announcement coincided with the French President's Nicolas Sarkozy visit in China. Nicolas Sarokzy on Monday oversaw the signing of about 30 billion dollars in aviation, nuclear and other deals in what he described as unprecedented day of trade with China. The two major agreements unveiled on the 2nd day of his visit were contracts for European aerospace giant Airbus to deliver 160 aircraft and French firm Areva to build two nuclear reactors.

related story: http://uk.news.yahoo.com/afp/20071127/tbs-france-china-water-venture-company-s-5268574_1.html

by Eva Zelenakova for PocketNews (http://pocketnews.tv)

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Wendy's is a net of restaurants in the United States and abroad too. The first opening of Wendy's was in 1969. Dave Thomas opened the first Wendy's Old Fashioned Hamburgers Restaurant in U.S. and thought that he created something really new. For Dave quality was very important and he put in the logo of the restaurant "Quality is our recipe". In 1978 there were about 1000 Wendy's in Tennessee location. And people loved them. Today Wendy's owns more than 6,600 restaurants in the United States and abroad too. Its bigger rivals are McDonald's and Burger King Holdings Inc. Wendy's is today the third biggest hamburgers restaurant in the United States and abroad too. Who really don't know the logo with the girl with nice plaits of hair and the bubble that says "I deserve a hot, juicy burger."? People are satisfied with these restaurants, but there is another problem. Wendy's need a higher bid. Investor Nelson Peltz submitted an offer to buy Wendy's International Inc. with the net of 6,600 restaurants, but the proposed is below what he said before. And it is something like a shock for Wendy's. The third biggest hamburger net in U.S. has a really good name and lot of customers and it is shame to take such as bid. David Karam, president of Cedar Enterprises Inc., the owner of 134 Wendy's restaurants said, he also wants to make a bid for Wendy's. There are other investors, that want to buy Wendy's too, but no one would like to offer really good price. So destiny of Wendy's is unambiguous.

related story: http://www.bloomberg.com/apps/news?pid=20601103&sid=auK1tghlKk.A&refer=us

by Jana Kokavcova for PocketNews (http://pocketnews.tv)

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Personal computer maker Dell is starting to expand into the data storage area, that until last year it represented 4 percent of Dell's revenue. Therefore on Monday the company paid 1.4 million dollar cash in order to acquire EqualLogic Inc., which makes data-storage network systems. The more storage it produces for itself, the less it buys from data-storage gear maker EMC Corp. that will still be the main support for traditional storage customers, while EqualLogic will be used for midsize businesses. EqualLogic filed for an IPO in August, but there was not set up any for the stock sale; the funding was obtained from Charles River Ventures and other venture firms backed up with $50 millions. According to Christopher Baldwin, a Charles River partner and EqualLogic board member, Dell had expressed his interest for several years before the negotiations become serious and that is why the deal was the largest all-cash acquisition of a venture-backed startup. However, chief executive Michael Dell said that acquiring EqualLogic is just one of the moves on the company's expansion- in two years six acquisitions were made. Moreover, virtualization is expected to exceed in demands to $15 billion worldwide by 2011 in its role of giving more storage with less hardware. Despite that the rumors say it is not for the benefit of hardware producers like Dell, EqualLogic CEO Donald Bulens reveals that virtualization might actually increase demand for storage products. Dell's CEO also touched in his press release the subject of a bigger retail strategy- from direct sales to retail outlets in Japan, China and Britain. Also XP will remain the operating system until customers will demand the Vista version. Continuing to expanding the company's shares might have lost 8 cents on Monday, but on the long run, it will definitely be one of the winners, always accommodating to trends. Worth all the money…any money invested in it, are safe money. Enjoy!

related story: http://news.yahoo.com/s/ap/20071105/ap_on_hi_te/dell_equallogic;_ylt=AmnN5gQq2Q.swOTdv9A8Csis0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.