China buzz complicates BHP's Rio bid: competing Chinese offer is considered unlikely, but talk could be costly

Article Abstract:

Business media in China and other foreign sources have indicated that the Chinese government and its state-owned firms may make a rival bid for Australian mining company Rio Tinto Ltd., competing against BHP Billiton Group. BHP's offer values Rio Tinto at $134.09 bil; reports suggest that China may go as high as $200 bil, or 40 times the worth of China's biggest overseas purchase to date.

Strategy & planning, Acquisitions & mergers, Mining & Extractive Industries, Mining, All Other Metal Ore Mining, METAL MINING, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, Planning, Australia, Mergers, acquisitions and divestments, Company acquisition/merger, Mining industry, Company business planning, Mineral industry, Rio Tinto Ltd., BHP Billiton Group, RIO

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Baidu.com's net profit advances nearly fourfold

Article Abstract:

Baidu.com Inc. of China posted a soaring net profit of 24.5 million Yuan ($3 million), up from 6.4 million Yuan last year. Revenue increases were due largely to the popularity of online advertising despite increased competition from other search engine rivals. Market share for Baidu.com Inc. is up to 46.5 percent from 33.1 percent last year.

Sales, profits & dividends, Market share, Information services, Company sales and earnings, Company earnings/profit, Company Profile, Information services industry, Company market share, Baidu.com Inc.

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China is set to spend billions on wireless upgrade

Article Abstract:

China is to upgrade its wireless phone system fueling increased competition amongst worldwide mobile phone manufacturerers. Beijing is to award third generation wireless network licenses in the world's largest mobile phone market.

Contracts & orders received, Contracts & orders let, Contracts, Contract agreement, Wireless telecommunications equipment, Wireless communications equipment

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