Archive for August, 2007

  • Murdoch Wins
    , August 1st, 2007 at 9:42 am

    It’s over. Murdoch won his bid for Dow Jones (DJ). This was a silly spectacle and after a lot of drama the only thing Bancroft family did was embarrass themselves.
    Here’s all you need to know:
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    DJ’s stock has barely moved in a generation. That last uptick is from Murdoch’s $60 a share offer.

  • The King and Buy
    , August 1st, 2007 at 9:30 am

    It turns out that one of Thailand’s best investors is the king:

    Mondays are different in Thailand. It’s the day of the week on which the world’s longest-reigning monarch, Bhumibol Adulyadej, was born.
    And in this Southeast Asian nation, the sidewalks, trains, ferries and food stalls selling fiery curries take on a canary- colored glow as Thais — from chief executive officers to street sweepers — pay respect to their king by dressing in the royal color of yellow.
    Investors are finding reasons to be enthusiastic about Bhumibol too: The $5 billion of shares that the 79-year-old king controls through the Crown Property Bureau, the asset management company established by Thailand’s government, are weathering the nation’s vicissitudes better than most.