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Showing posts with label hewehi. Show all posts
Showing posts with label hewehi. Show all posts

Tuesday, June 30, 2009

Yemen Airways crash







Some bodies were seen in the area of the crash," said Muhammed Abdul-Qadber, chairman of the Yemeni National Civil Aviation Association. "There is no further information available about the survivors."




The Airbus CM-300, was en route from Yemen to Moroni, the capital of the Comoros Islands, when flight controllers lost contact with the plane at 1.51 a.m. There were 153 people on board, including 11 crew members and three infants. Reports out of France said there were 66 French nationals on board the plane. The flight had originated in France, with a stop in Yemen before proceeding to the Comoros, according to French media reports.




Abdul-Qadber could provide no more information about the nationalities of the passengers.
He said the plane crashed in stormy weather with wind gusts reaching 161 km an hour.




Eyewitnesses have already sighted bodies and an oil slick 16-17 nautical miles from the Moroni airport. Investigation teams from Yemen Airways and the Yemen aviation authority plan to fly to Moroni on Tuesday.




French Navy units, including a frigate and military helicopters, have begun search and rescue operations. Comoros is located off the eastern coast of Africa between Madagascar and Mozambique.

Thursday, June 25, 2009

michael jackson die




Michael suffered a cardiac arrest earlier this afternoon at his Holmby Hills home and paramedics were unable to revive him. We're told when paramedics arrived Jackson had no pulse and they never got a pulse back.




A source tells us Jackson was dead when paramedics arrived. A cardiologist at UCLA tells TMZ Jackson died of cardiac arrest.




Once at the hospital, the staff tried to resuscitate him but he was completely unresponsive.




A source inside the hospital told us there was "absolute chaos" after Jackson arrrived. People who were with the singer were screaming, "You've got to save him! You've got to save him!"We're told one of the staff members at Jackson's home called 911.La Toya ran in the hospital sobbing after Jackson was pronounced dead.




Michael is survived by three children: Michael Joseph Jackson, Jr., Paris Michael Katherine Jackson and Prince "Blanket" Michael Jackson II.

Wednesday, June 17, 2009

Harley Davidson Motorcycle Models




Air France-KLM


Air France-KLM is an airline company. The Company's core business is passenger transportation and represented approximately 80% of revenues at March 31, 2009. Its activities also include cargo, aeronautics maintenance and other air-transport related activities, including principally catering and charter services. The Company has three core businesses: passenger transport, cargo transport and aircraft maintenance services. As of March 31, 2009, the Air France-KLM Company fleet comprised 641 aircraft, of which 621were operational. The main fleet consists of 429 aircraft, of which 164 long-haul aircraft, including six at Martinair; 29 cargo aircraft; including 11 at Martinair and 236 medium-haul aircraft, including 35 aircraft in the transavia.com group fleet. The regional fleet comprises 212 aircraft. On March 25, 2009, the Company announced the acquisition of a 25% stake in Alitalia.


45, rue de Paris, Roissy-CDG Cedex, 95747 France +33-1-41567800 (Phone)

Tuesday, June 2, 2009

Sony Blu-ray investigation




following news that the U.S. International Trade Commission (ITC) has launched an

investigation into possible patent infringements connected to Blu-ray HD hardware and various other related devices.


Sony is believed to be just one of around 30 companies currently being scrutinised by the ITC, with other notably prominent tech industry names including mobile phone titans Nokia Corp. and Motorola, along with consumer electronics giants Toshiba, LG, Hitachi and Panasonic (Matsushita Electrical).


According to the ITC�s official Web site, the investigation is centred on the allegedly illegal usage of short-wavelength LEDs and lasers commonly found in electronic devices such as mobile phone handsets and high-definition DVD players.


The ITC probe has been launched on the back of a patent violation complaint filed on February 20 of this year by retired Columbia University professor Gertrude Neumark Rothschild, who is demanding that U.S. imports of all patent-infringing products are blocked.


According to Rothschild�s lawyer, Albert Jacobs of Dreier LLP, his client is responsible for making a �seminal breakthrough� in the production of blue, ultraviolet and white light.
Unlike red lasers, blue and ultraviolet laser technology requires less electricity and has subsequently been integrated into everything from computers and HD disc players through to traffic light systems and instrument panels, reports Bloomberg.


The ITC, an official government agency that exists to better protect the U.S. market from unfair trade practice, commented that is �has not yet made any decision on the merits of the case.�It would appear Sony Corp.�s moment of basking in the glory of its recent HD victory is over following news that the U.S. International Trade Commission (ITC) has launched an investigation into possible patent infringements connected to Blu-ray HD hardware and various other related devices.


Sony is believed to be just one of around 30 companies currently being scrutinised by the ITC, with other notably prominent tech industry names including mobile phone titans Nokia Corp. and Motorola, along with consumer electronics giants Toshiba, LG, Hitachi and Panasonic (Matsushita Electrical).


According to the ITC�s official Web site, the investigation is centred on the allegedly illegal usage of short-wavelength LEDs and lasers commonly found in electronic devices such as mobile phone handsets and high-definition DVD players.


The ITC probe has been launched on the back of a patent violation complaint filed on February 20 of this year by retired Columbia University professor Gertrude Neumark Rothschild, who is demanding that U.S. imports of all patent-infringing products are blocked.


According to Rothschild�s lawyer, Albert Jacobs of Dreier LLP, his client is responsible for making a �seminal breakthrough� in the production of blue, ultraviolet and white light.
Unlike red lasers, blue and ultraviolet laser technology requires less electricity and has subsequently been integrated into everything from computers and HD disc players through to traffic light systems and instrument panels, reports Bloomberg.


The ITC, an official government agency that exists to better protect the U.S. market from unfair trade practice, commented that is �has not yet made any decision on the merits of the case.�It would appear Sony Corp.�s moment of basking in the glory of its recent HD victory is over following news that the U.S. International Trade Commission (ITC) has launched an investigation into possible patent infringements connected to Blu-ray HD hardware and various other related devices.


Sony is believed to be just one of around 30 companies currently being scrutinised by the ITC, with other notably prominent tech industry names including mobile phone titans Nokia Corp. and Motorola, along with consumer electronics giants Toshiba, LG, Hitachi and Panasonic (Matsushita Electrical).


According to the ITC�s official Web site, the investigation is centred on the allegedly illegal usage of short-wavelength LEDs and lasers commonly found in electronic devices such as mobile phone handsets and high-definition DVD players.


The ITC probe has been launched on the back of a patent violation complaint filed on February 20 of this year by retired Columbia University professor Gertrude Neumark Rothschild, who is demanding that U.S. imports of all patent-infringing products are blocked.


According to Rothschild�s lawyer, Albert Jacobs of Dreier LLP, his client is responsible for making a �seminal breakthrough� in the production of blue, ultraviolet and white light.


Unlike red lasers, blue and ultraviolet laser technology requires less electricity and has

subsequently been integrated into everything from computers and HD disc players through to traffic light systems and instrument panels, reports Bloomberg.


The ITC, an official government agency that exists to better protect the U.S. market from unfair trade practice, commented that is �has not yet made any decision on the merits of the case.�It would appear Sony Corp.�s moment of basking in the glory of its recent HD victory is over following news that the U.S. International Trade Commission (ITC) has launched an investigation into possible patent infringements connected to Blu-ray HD hardware and various other related devices.


Sony is believed to be just one of around 30 companies currently being scrutinised by the ITC, with other notably prominent tech industry names including mobile phone titans Nokia Corp. and Motorola, along with consumer electronics giants Toshiba, LG, Hitachi and Panasonic (Matsushita Electrical).


According to the ITC�s official Web site, the investigation is centred on the allegedly illegal usage of short-wavelength LEDs and lasers commonly found in electronic devices such as mobile phone handsets and high-definition DVD players.


The ITC probe has been launched on the back of a patent violation complaint filed on February 20 of this year by retired Columbia University professor Gertrude Neumark Rothschild, who is demanding that U.S. imports of all patent-infringing products are blocked.


According to Rothschild�s lawyer, Albert Jacobs of Dreier LLP, his client is responsible for making a �seminal breakthrough� in the production of blue, ultraviolet and white light.


Unlike red lasers, blue and ultraviolet laser technology requires less electricity and has subsequently been integrated into everything from computers and HD disc players through to traffic light systems and instrument panels, reports Bloomberg.


The ITC, an official government agency that exists to better protect the U.S. market from unfair trade practice, commented that is �has not yet made any decision on the merits of the case.�

Air Force One Integrated Defense Systems


Historically, several U.S. presidents have flown on Boeing aircraft.


In 1943, President Franklin D. Roosevelt flew to Casablanca aboard a Boeing model 314 Clipper.


In 1962, Boeing introduced U.S. presidents to modern jet transportation with the introduction of the Boeing model 707-320B. In all, seven presidents were served by the 707-320B.


Today, the chief executive flies aboard a specially configured 747-200B, the newest and largest


presidential airplane. Its capabilities include:


Longer range for presidential travel


Aerial refueling


Self-sufficiency at airports around the world


The "flying Oval Office" has 4,000 square feet of interior floor space. Among its accommodations are:


Conference/dining room


Quarters for the president and the first lady


An office area for senior staff members


Another office that converts into a medical facility when necessary


Work and rest areas for the presidential staff, media representatives and Air Force crews


Two galleys that can provide 100 meals at one sitting


Multi-frequency radios for air-to-air, air-to-ground and satellite communications


Principal differences between Air Force One and the standard Boeing 747 include state-of-the-art navigation, electronic and communications equipment; its interior configuration and furnishings; self-contained baggage loader; and front and aft air-stairs.

Air France Flight Missing Air France Flight Status Unknown







Air France Flight 447 has gone missing, the flight left Rio de Janeiro, Brazil and was scheduled to land at Charles de Gaulle airport in Paris at a little after 11:00 a.m. on Monday; there are 228 people aboard the plane.

Air France Similar Model
The Air France-KLM Group has not had a fatal accident since the Concorde disaster nearly 10 years ago. The missing Air France Flight is a twin engine Airbus SAS A330 model; and has never had a fatal commercial flight.




The plane had encountered an area of strong turbulence, according to Air France, and an automatic message was received indicating a breakdown in the electrical circuitry. This in itself would not have been enough to bring the plane down.




“Modern airliners do not just go missing,” said David Learmount, safety editor at Flight



International in London. “They were en route and should have been fine. The question is, what happened after the electrical fault, because a short circuit in itself should not bring down a plane. That would be different if there was a fire, for example.”




The Airbus SAS A330 was last serviced in April and had over 18,000 flying hours since it began flights in 2005; according to Air France. The flights pilot has over 11,000 hours including 1100 hours on this specific type of plane.




For an airliner to just go missing is a terrible sign; in today’s world of modern aviation and communication, if this flight was okay, someone would have heard from them by now.



It seems that the worst fears of those related to the 228 souls onboard will most likely come true.




The Air-France Group last suffered a fatal accident when the Concorde, the famous supersonic jet, crashed in 2000; 113 people were killed in that incident.

Air france crash


The Air France plane that disappeared between Brazil and France with 228 people on board today has almost certainly crashed, airline and government officials said.
If no survivors are found it will be the worst loss of life involving an Air France plane in the firm's 75-year history.


The officials believe the Airbus A330-200 aircraft crashed after running into lightning and thunderstorms over the Atlantic Ocean.


Gordon Brown said he feared Britons were among the passengers. "I do fear there may be some British citizens on board," the prime minister told Sky News. "We are doing all the checking that is necessary."


The Air France chief executive, Pierre-Henri Gourgeon, told a news conference: "We are probably facing an air catastrophe."


He said the aircraft went through a thunderstorm with strong turbulence at about 3am BST.
An automated message was received at 3.14am indicating a failure of the electrical system, Air France said in a statement.


"The whole company shares the anxiety of the families," Gourgeon said. "We are doing everything possible to get information through, little by little, as it comes through."


François Brousse, an Air France spokesman, said several of the plane's mechanisms had malfunctioned, preventing it from making contact with air traffic controllers.


"It is probably a combination of circumstances that could have led to the crash," he said.
Brazilian air force planes are searching the Atlantic for flight AF447, which left Rio de Janeiro at 7pm local time (11pm BST) yesterday. It had been expected in Paris at 11.15am .


Brazilian air force officials told the Associated Press a search was under way near the island of Fernando de Noronha, about 1,500 miles north-east of Rio, but an Air France source was quoted as saying that there was "no hope" for those on board.


Jean-Louis Borloo, the second most senior figure in the French cabinet, said: "By now it would be beyond its kerosene [aviation fuel] reserves … unfortunately we must now envisage the most tragic scenario."


Borloo told the France Info radio station the plane had disappeared from both military and civilian radar screens.


The French president, Nicolas Sarkozy, expressed "extreme worry" and sent the junior minister for transport, Dominique Bussereau, and Borloo to Charles de Gaulle airport to monitor the situation.


The Air France flight was full – today is a French bank holiday and Brazil is an increasingly popular tourist destination among the French.


At midday, the flight was still up on the arrivals board with the word "delayed" beside it, even after official statements said that it had probably been lost. By 1pm, it had been removed from the board.


Relatives and friends of passengers who had arrived at Charles de Gaulle's terminal two to meet the plane were ushered into a closed area away from journalists, where they were being counselled by airport staff.


A former pilot told France Info he believed the plane was the first passenger-carrying Airbus A330 to crash. The model is known as having a good safety record.


The plane was carrying 216 passengers and 12 crew. Of the passengers, 126 were men and 82 were women. Seven children and a baby were on board.


According to the French media, Paris airport authorities were told by their Brazilian counterparts that the aircraft had vanished from radar screens.


Douglas Ferreira Machado told Brazil's Globo TV that he believed the plane must have left Brazilian waters and could have been near the coast of Africa by the time contact was lost, based on the speed it was travelling.


"It's going to take a long time to carry out this search," he said. "It could be a long, sad story. The black box will be at the bottom of the sea."


French military aircraft took off from Senegal in western Africa to take part in the search.


France Info quoted an airport authority source as saying it was possible, but extremely unlikely, that the radar drop-out had been caused by a transmitter failure.


Chris Yates, an aviation expert, told the BBC: "There is not radar coverage across the Atlantic, because it is too far from radar stations.


"But the fact [the plane] has not appeared on radar when it neared land gives me cause for concern."


He said that "if we are talking about an aircraft coming down over the ocean … then survivability is quite limited".


Air France said the pilot had flown 11,000 hours, 1,700 of them on an Airbus 330, making him a highly experienced pilot. Of the two co-pilots, one had 3,000 hours of flight time and the other 6,600 hours. Flight AF447, which had flown 18,870 hours, entered service in April 2005. Its last engineering overhaul was in April.


The A330-200 model has not had any fatal accidents involving passengers. In June 1994, an A330 owned by Airbus on a test flight simulating an engine failure on take-off crashed shortly after leaving Toulouse, killing all seven people on board.


In October last year, a Qantas A330 flying from Singapore to Perth reportedly experienced a sudden change in altitude.


The crew issued a mayday call before diverting the aircraft. About 36 passengers and crew members were injured, more than a dozen seriously.


The last major incident involving an Air France plane was in July 2000 when one of its Concordes crashed just after taking off from Charles de Gaulle Airport, bound for New York.
All 109 people on board were killed, along with at least four on the ground.

Apple iphone







iphone 3G







Monday, June 1, 2009

mcdonalds


south africa world cup

fifa the cup 2010

Fifa 2010


The dates for the 2010 Football World Cup have been set for 11 June to 11 July, and the allocation of places will be the same as for 2006, meaning that with South Africa granted an automatic berth as the host country - Africa will have one extra team at the tournament.


In a statement issued on Wednesday following a two-day meeting in Zurich, Fifa's executive committee said that 32 teams would contest the 2010 World Cup in South Africa.


Thirteen of these will be from Europe, five from Asia and Oceania, eight from South America and the Concacaf region (North and Central America and the Caribbean), and five from Africa, plus the automatic spot granted to South Africa.


This effectively gives Africa six teams at 2010 - and Europe one less than in 2006.


Of the eight places for South America and the Concacaf region, four are guaranteed to South American countries and three to Concacaf countries. The eighth spot will be decided by a play-off between the fifth-placed South American country in the 2010 qualifiers and the fourth-placed Concacaf country.A similar play-off between the Oceania


champion and Asia's fifth-best team will decide who takes the fifth berth for Asia and Oceania.Fifa said the preliminary draw for 2010 would be held in Durban on 23 November 2007, and that the Fifa Confederations Cup South Africa 2009 would take place in the five venues of Port Elizabeth, Bloemfontein, Johannesburg (Ellis Park), Pretoria and Rustenburg from 14 to 27 June.


The Fifa Confederations Cup is contested by the winners of each of the six Fifa confederation championships - ie the reigning African, Asian, European, Oceanian, South American and Concacaf champions - along with the Fifa World Cup champion and the host country, to bring the number of teams up to eight.


Fifa said it had "listened with satisfaction" to a report on the status of South Africa's preparations for 2010, and "underlined its support for the local organising committee.


"However, the executive committee stated that it was now expecting work to begin, particularly on constructing and renovating the stadiums."Plans for the construction of four stadiums and upgrading of six others in South Africa's nine 2010 host cities has been completed, and their funding secured, and construction work is due to begin early in 2007.

Fifa World Cup 2010


Group 1In this group Portugal will battle with Scandinavia’s Sweden and Denmark for a place at the World Cup 2010. This will be a hard battle, while only the first team will get the tickets. Denmark have the chance to revenge themselves over their neighbor after the defeat in the Euro 2008 Qualifiers.


Group 2Greece seems to have a simple task in this group. Main rivals will be Israel and Switzerland.


Group 3The Czech Republic will start as a favorite in this third group of the World Cup 2010 Qualifiers. Poland will look to upset them and Northern Ireland might want to profit from the battle above.
Group 4Germany have as always an easy task when it comes to a group stage competition. Their only rivals in group 4 are Russia but the Germans are considered big favourites.


Group 5Spain and Turkey will clash for winning this group of the Road to South Africa 2010. The Spanish side look to have an edge before the start of the Qualifers.


Group 6A draw expected by all the United Kingdom. England was given the chance to revenge themselves over Croatia in this World Cup 2010 Qualifiers. Third favorites are Ukraine.


Group 7France and Romania have to fight for a qualifying spot in the Group 7. France are favourites but Romania could create an upset. The Romanians have won their Euro 2008 Qualifiers group against Netherlands. Serbia are starting the Qualifiers with the third chance.
Group 8Italy have an easy task at the first look of the Group 8. Bulgaria and Ireland will try to upset them.


Group 9Netherlands, Scotland and Norway will battle for the reign of this group. This is the only group that contains five teams, the others have six.
FIFA World Cup 2010 Preliminary - RulesThe first placed teams in each Group qualify for the World Cup 2010. Europe have 13 places awarded for the World Cup 2010 from a total of 32 teams that will start the final tournament in South Africa. Back to Europe now. Having 9 groups leaves 4 additional places left along with each group winners. The rest of the places are awarded for the four best placed runners-up from all 9 groups.

Wednesday, January 14, 2009

U.S. airline Mesa Air Group


Struggling U.S. airline Mesa Air Group (MESA.O) on Tuesday said US Airways Group (LCC.N) plans to reduce the number of aircraft it pays Mesa to fly regionally.
The carrier said the flight cuts, which are planned for January, July and next January, could continue, putting new strain on the company.


Mesa said that US Airways said it would eliminate three CRJ-200 flights by next year.
"We anticipate US Airways will continue to further reduce the number of covered aircraft in accordance with the agreement," the company said in a regulatory filing.
Mesa said that as of September 30, it operated 38 CRJ-900, 11 CRJ-200, and 6 Dash-8 aircraft for US Airways under a code-share agreement.


Mesa, which provides regional service for US Airways, Delta Air Lines (DAL.N) and other carriers has been looking to shore up its finances for months as it tries to ride out volatile fuel prices and a drop in travel demand.


Mesa said on Monday it received a letter from Nasdaq warning the company its stock is subject to delisting because Mesa was not in compliance with some listing requirements.
Mesa shares were down 10 percent at 26 cents in afternoon trade on the Nasdaq.

Tuesday, January 13, 2009

drive-in hamburger company Sonic


In similar fashion to retailers, fast food operators have resorted to price slashing in an effort to stem slowing consumer traffic. Old style, drive-in hamburger company Sonic (Nasdaq:SONC) recently rolled out a value menu that offers junior burgers, small fries and ice cream cones. Sonic's discount menu coincides with its earnings, which likely will remain stalled for the foreseeable future. At current share prices, Sonic is arguably a value from an investment standpoint.


Digesting the QuarterSonic rang in the first quarter of its fiscal year with a resounding thud as sales fell 3% to $184.1 million, which consisted of overall negative same-store sales growth of 3.6% on a 1.7% decline in foot traffic and a 1.9% decline in average check size.


The drop in comparable sales was more severe at partner, or company-owned locations, which saw a decline of 6.6%, while franchised locations registered a decline of 2.9%. During the earnings conference call, an analyst suggested that the difference was due to more aggressive pricing that didn't pan out at partner locations. Meanwhile, management referred to the overall need to bring customers back to Sonic. Currently, consumers have opted to buy groceries from the likes of Kroger (NYSE:KR) and SUPERVALU (NYSE:SVU) to save money by eating at home. (Get a taste for how to analyze this sector at Sinking Your Teeth into Restaurant Stocks.)


The introduction of the value menu is designed to improve traffic trends. But the success or failure of this strategy has yet to be determined, as Sonic only rolled out the new menu options on December 29, 2008. The company hopes that increased foot traffic as a result of the value menu will stave off the significant decline in profitability, as first quarter earnings fell by nearly half - to $0.12 per share on lower sales. Higher advertising spending related to the roll out of the value menu and hefty interest expense on an ill-timed decision to take on debt and buy back shares in an attempt to fend off a hostile takeover at the height of the private equity boom in 2006 also contributed to Sonic's decline in profits.


Battening Down the BurgerUntil macro conditions improve, Sonic has a few levers it can pull. Lowering prices on certain menu items should help on the fringes and the company has plans to opportunistically increase them in other categories. In addition, Sonic is also looking to sell company-owned stores in order to shift the mix of partnered stores to between 12% and 14% of total stores, down from 17-18%, currently. Such measures will leave room for Sonic to pay down debt. And fundamentally, Sonic is "primarily a franchiser" of its restaurants, which leads to a high margin fee and royalty revenue.


Bottom LineLast year, Sonic reported 97 cents in full-year earnings per share, and the average analyst projection for the coming year is a similar 96 cents. That puts the forward P/E at just under 12, which falls well below fast food rivals such as McDonald's (NYSE:MCD), Burger King (NYSE:BKC) and Wendy's/Arby's Group (NYSE:WEN). This multiple appears quite reasonable, provided that consumers start spending again, because it would allow the company to reignite its store expansion plans and return to bottom line growth. (EPS helps investors analyze earnings in relation to changes in new-share capital.

Yahoo Shares


Yahoo stock closed down 91 cents, or 6.9 percent, to $12.22. The stock has ranged between $8.94 and $30.25 over the past year.


American Technology Research analyst Rob Sanderson wrote in a note to investors that he expects a significant slowdown in online shopping.


Sanderson also wrote that he expects "the online advertising market to take a much greater than seasonal decline" in the first three months of 2009. The post-holiday first quarter is traditionally slower for online ad spending.


However, Sanderson noted that the possibility of a sale to Microsoft Corp. or another sort of deal could keep Yahoo's stock from falling too far.


"We continue to believe this is the ultimate outcome and will reward Yahoo shareholders, but have no visibility on timing," Sanderson wrote.


The analyst downgraded shares of Sunnyvale, Calif.-based Yahoo to "Neutral" from "Buy" and cut his price target to $14.50 from $18.

Goldcorp

I can think of no more essential question to pose to investors during these tumultuous times. I could, of course, state it more eloquently: "Pardon me, would you happen to have any Goldcorp (NYSE: GG)?"

A flurry of downgrades and target-price reductions rained down upon Goldcorp after the company released lowered guidance late last week, projecting a pit stop for production growth during 2009. Until those analysts begin including their gold price forecasts alongside their outlook for miners, however, I find it best to tune them out entirely. It is indeed unfortunate that declining production from mines like Goldcorp's El Sauzal will offset many of the gains from the newer ones this year, but I continue to urge Fools to focus upon the larger picture.

The newly issued forecast for 50% production growth through 2013 is only about 5% below what analysts had targeted, and the starting point of 2.3 million ounces of gold produced in 2008 is nothing to sneeze at. Goldcorp continues to post impressive cost metrics, with anticipated 2008 costs of about $300 per ounce of gold and about $365 for 2009. I have heaped praise upon intermediate miners like Yamana Gold (NYSE: AUY) and my top pick Agnico-Eagle Mines (NYSE: AEM) on the basis of their low cost structure, but Goldcorp achieves similar margins on a much grander scale.

After divesting its sizeable stake in spin-off Silver Wheaton (NYSE: SLW) a year ago, Goldcorp's debt-free balance sheet is a thing of beauty. Nonetheless, the company is deferring some longer-range development projects to focus resources upon the three core properties under development: Penasquito, Red Lake, and Pueblo Viejo. Penasquito is truly a world-class deposit, and will be the primary driver of Goldcorp's production growth for years to come. At Red Lake, where Goldcorp founder Rob McEwen has struck another bonanza through junior explorer Rubicon Minerals (AMEX: RBY), Goldcorp will obtain more than one quarter of 2009 production despite deferring some improvement projects. Of the $1.4 billion Goldcorp plans to spend in 2009, $430 million will go to Pueblo Viejo, a joint venture with larger rival Barrick Gold (NYSE: ABX).

Bring on the downgrades, analysts! In the long run, I believe they can only help Fools by creating more attractive entry points. After shares promptly doubled from their October low, we frankly needed a little consolidation.

Monday, January 12, 2009

Watch Out


Oil fell below $40 a barrel as investors worried that a weak economy will hurt demand. That weighed on energy stocks. Financial stocks also declined as investors looked to Citigroup and Morgan Stanley, which could announce as early as Monday a deal to combine their brokerages. The potential tie-up underscores the troubles with tattered balance sheets that many banks are still trying to address.



Investors are also digesting comments from General Motors that the company has presented a worst-case scenario to Congress in which it would need more money than the $13.4 billion allocated by the Treasury Department.