Lucent raises $1.75 billion in convertible stock offering

Article Abstract:

Investors bought $1.75 billion in Lucent Technologies convertible stock offerings for about $7.48 a share. Hedge funds and other institutions gave Lucent a boost of optimism by buying about $750 million more stocks than had been anticipated, refuting the liquidity problems of the communication-equipment maker. Still, Moody's and Standard & Poor's lowered ratings on the day of the sale and continued a negative outlook. Lucent is still considering the sale of about $250 million more convertible shares.

Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Management, Telecommunications equipment industry, Telecommunications systems, Lucent Technologies Inc., LU, Schacht, Henry B.

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Natural Gas Prices Surge And Fingers Are Pointing

Article Abstract:

The 50% increase in natural gas rates since Thanksgiving has generated demands for investigation into the industry to determine if traders are manipulating prices. Other industries, such as chemical, fertilizer and ammonia, believe that the rate jump is unjustified and a cause for concern over the impact it will have on the recovering US economy. The natural gas price increased in futures markets yesterday to $7.22 per million British thermal units (B.T.U.)compared with a rate of $4.93 at the end of November. Financial analysts attribute this to hedge fund investment activity and projections for the futures markets.

Commodity & service prices, Natural Gas, Prices and rates, Futures market, Futures markets, Petroleum, Gas industry, Company pricing policy

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Harvard and Russian Oil Company Clash Over Payment of Dividends

Article Abstract:

Harvard Management Co. is bringing legal action against Russian oil producer Surgutneftegaz over failure to pay out millions in dividends. Harvard is the largest foreign investor in Surgutneftegaz.

Legal issues & crime, Russia, Legal/Government Regulation, Petroleum refining, Dividends, Dividend Policy, Company legal issue, Cases, Company investment, Investments, Investor relations, Surgutneftegaz, Company dividends, Harvard Management Co.

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