Apple is stepping up enforcement of its in-app purchasing policy for e-books, bringing it into conflict with Sony and, potentially, Amazon and Barnes & Noble. – Apple is ratcheting up its policy enforcement for e-book apps, stating
flatly that app-makers such as Sony and Amazon must offer in-app purchasing
through Apples online storefront if they want to make e-books purchased on
other devices available on Apples mobile devices.
That has the potential …
The house adds, the stock “looks poised to attempt the upside again following the recent correction.” It tips resistance at $2.40, and then $2.50, with support at $2.10, and then $2.00.
At least two more traders have left Singapore-listed Noble Group (NOBG.SI) from its London energy desk this year, oil trading sources said on Friday.
Noble did not respond to a request for comment.
Today’s rise continues the stellar 15.7% gain from December 20’s close of $2.04, just before Noble announced its US$950 million ($1.23 billion) acquisition of two sugar cane mills in Brazil.
The following companies may have unusual price changes in Singapore trading today, says Bloomberg. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index rose 1.4% to 3,235.77.
Strong sales of Barnes & Noble’s Nook e-reader suggest digital books are here to stay. – Book seller Barnes amp; Noble announced that with millions of Nook
e-reading devices sold, the line has become the company’s biggest bestseller
ever in its history. The new Nook color Reader’s Tablet, introduced just eight
weeks before Christmas, is the company’s No. 1 selling gift of the holida…
Noble’s (NOBG.SI) purchase of two cane mills in Brazil this week, the latest addition to its fast-rising cane processing capacity, reflects its go-it-alone approach that sets it apart from competitors that are partnering with local companies, the group’s CEO said on Thursday.
Asia’s biggest commodities trader has agreed to pay $950 million ($1.24 billion) for two sugar and ethanol facilities owned by Brazilian group Cerradinho.
Internet powerhouse Google is muscling in on New York. The web search giant confirmed Wednesday that it had bought one of the most prestigious office buildings in Manhattan. No price was given for the property at 111 Eighth Avenue, but the Los Angeles Times put the price at $2 billion. The company said that more [...]
DMG raises SembCorp Marine’s (S51.SG) target to $5.30 from $4.70 and maintains its Neutral rating.
After SembMarine announced an order win from Noble Corp for two premium jackup rigs valued at US$400 million ($525 million) plus options for four more, the house estimates that SembMarine’s total outstanding order book is now around US$5.3 billion, with deliveries stretching up to 2Q 2013.
DMG raises its FY11-12F EPS estimates by 4.0% and 10% respectively to reflect the new jackup orders from Noble and higher margins on repeat orders.
SembMarine (S51.SG) is +1.6% at a 4-session high of $5.07 on optimism over the rig builder’s growing orderbook, which could expand by up to US$1.2 billion ($1.6 billion) if repeat customer Noble Corp. (NE) exercises its options under their latest contract.
The drilling group has just awarded US$400 million orders to SembMarine to build 2 rigs and options for another 4.
SembMarine (S51.SG) is +1.6% at a 4-session high of $5.07 on optimism over the rig builder’s growing orderbook, which could expand by up to US$1.2 billion ($1.6 billion) if repeat customer Noble Corp. (NE) exercises its options under their latest contract.
The drilling group has just awarded US$400 million orders to SembMarine to build 2 rigs and options for another 4.
Sembcorp Marine’s subsidiary Jurong Shipyard has secured two turnkey contracts with a combined value of up to US$400 million ($525.2 million) to build two jackup rigs with options for another four jackup rigs from a subsidiary of Noble Corporation.
If all four of the options are exercised, the total estimated value of the six jackup rigs is expected to be in the region of US$1.2 billion.
Singapore shares rose slightly in sluggish trade by midday on Tuesday, led by commodities firm Noble Group (NOBG.SI) on its US$950 million ($1.25 billion) acquisition of two Brazilian sugar cane mills, but were seen trading in a tight range of between 3,120 and 3,150 points in
the afternoon.
By the midday break, the Straits Times Index (STI) <.FTSTI> was up 0.35%, or 11.01 points, at 3,143.97. Total value of shares traded in the morning session was $461.5 million, lower than $800.8 million on Monday.
Noble Group (N21.SG) is +2.5% at $2.09 on the prospect of a boost to earnings from 2 sugar cane mills in Brazil it’s paying US$950 million ($1.25 billion) to acquire.
Both mills generated a combined net profit of $64.9 million for the FY ended April.
DMG, which has a Buy call with a $2.58 target, says while the consideration is expensive as it’s priced at 25x P/E, the move is positive, with rising sugar prices suggesting stronger earnings prospects.
Singapore shares may open higher on Tuesday after the S&P 500 hit a two-year high overnight, continuing a steady upward march that investors believe will continue in 2011.
The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index dropped 0.6% to 3,132.96.
