Seoul-based KB Financial Group which was in the running to acquire South Korean life insurance company ING Life Insurance from ING Group NV (NYSE:ING), has withdrawn its $2.1 billion bid as its board of directors considered the deal too risky from financial and political risk standpoints.
Data from ChannelAdvisor shows Amazon’s (NASDAQ:AMZN) sales for the first two weeks of December rose 25.7% compared to the same period last year. Ebay (NASDAQ:EBAY) was similarly up 23.4% and CSE achieved 10.9% growth. Google (NASDAQ:GOOG) would be concerned to note that search was down 18.8% compared to last year.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
The promise of chemical wizardry that transforms natural gas into liquid fuels such as diesel has led South Africa-based Sasol Limited (NYSE:SSL) to consider an investment of up to $14 billion to build a gas-to-liquids plant in Louisiana where a shale drilling boom has produced huge quantities of cheap gas. The view from Exxon (NYSE:XOM) however, is sceptical. “The reason you see so few G.T.L. plants is the economics are challenged at best. We do not see it being a relevant source of fuels over the next 20 years,” says an executive.