IMAX to Establish Itself in Brazil and 2 Hot Stocks to Follow
Linkedin Corporation (NYSE:LNKD): David Carr, a New York Times reporter, has people talking over an article about what Bloomberg L.P. and their majority owner, New York Mayor Michael Bloomberg, might want to buy. Most of the piece focuses on possible interest in acquiring The Financial Times from Pearson. There is also a passing reference, however, to “a faction” that would prefer to buy LinkedIn, the social-networking site for professionals.
Nexen Inc. (NYSE:NXY): Although the Canadian government approved the Nexen-Cnooc (NYSE:CEO) deal, Canada also stressed that future approaches by state-owned entities like Cnooc and Petronas will face more scrutiny. “They have been all but barred from further oil-sands investment,” according to Fox Business, adding that Prime Minister Stephen Harper said approval of these types of deals will be rare in the future.
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IMAX Corporation (NASDAQ:IMAX) and UCI Brazil announced an agreement to install three IMAX digital theatres across Brazil. The agreement, which is a part of IMAX’s restructured master license agreement with Giencourt Investments S.A., a member of the RACIMEC International Group, brings UCI Brazil’s total IMAX commitment to five.