Mediaboss Marketing

By Bloomberg News - Fri Mar 02 04:23:46 GMT 2012

Fang Fang, head of China investment banking at JPMorgan Chase & Co.

Fang Fang, head of China investment banking at JPMorgan Chase & Co. Photographer: Qilai Shen/Bloomberg

March 2 (Bloomberg) -- China's economic challenges are expected to be at the forefront of discussions among the nation's policy makers during the annual meeting of the National Peoples Congress in Beijing next week. Bloomberg Television's Stephen Engle reports. (Source: Bloomberg)

JPMorgan Chase & Co.s (JPM) pipeline of clients from China seeking financing overseas has doubled from a year ago to a record, led by developers seeking funds, said the head of its China investment banking business.

We saw a level of activity that weve never seen in the past by property companies tapping offshore debt markets, Fang Fang, who is also managing director and Asia vice chairman for New York-based JPMorgan, said in an interview yesterday. He declined to provide specific figures. We are seeing the return of the equity investor as well.

JPMorgan, the biggest U.S. lender by assets, is among banks benefiting from a revival in overseas fundraising by Chinas largest developers, who aim to ease a cash crunch as home prices drop and the government maintains curbs on the property market. Last month, JPMorgan was among banks that arranged a $500 million bond sale by China Overseas Land & Investment Ltd. (688)

The U.S. banks ties to China go back to 1911, when it led a syndicate in managing a railway companys $7.5 million bond sale. In 1921, Equitable Eastern Banking Corp., one of JPMorgans predecessor firms, opened a Shanghai branch, according to the lenders website.

JPMorgan began offering investment banking services in China in the middle of last year after tying with First Capital Securities Co. (FISCPZ) as a joint-venture partner in March 2010. That puts it behind rivals such as Goldman Sachs Group Inc. (GS), which in 2004 became the first Wall Street firm to firm to win an underwriting license in China, and Zurich-based UBS AG, which began operations on the mainland in 2006.

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JPMorgan China Clients Seeking Financing Abroad Rises to Record, Fang Says

NEW YORK - Internet-based photo and greeting cards company Shutterfly is reportedly looking to acquire Eastman Kodak's online photo services business for $23.8 million. Kodak has entered bankruptcy protection, and the agreement between the two parties characterizes Shutterfly's offer as the initial "stalking horse" bid for an auction process to be conducted through the bankruptcy court. Shutterfly shares were jumping 15.5% to $31.07 in premarket trading Friday. Zynga , the online game developer, announced Thursday a new online platform to play its titles, a move that will allow users to play games on its site and reduce its dependence on Facebook. "In addition to serving up popular Zynga games, Zynga.com will let players discover and play social games created by third party game developers," the company said in a press release. "These Platform partners will be able to reach new audiences and make their games even more social." Shares were adding 3.5% to $14.99. Retailer Overstock.com is expected by analysts to post quarterly earnings of 45 cents a share. Shares were gaining 1.7% to $7. Big Lots , the discount retailer, reported fourth-quarter net income of $114.7 million, or $1.75 a share, on net sales of $1.67 billion. Analysts expected earnings of $1.73 a share on sales of $1.66 billion. For the first quarter of fiscal 2012, the company estimated adjusted income in the range of 75 cents to 81 cents a share, a 7% to 16% increase from the same time a year earlier. Shares were up 0.3% to $44.60. A German court has dismissed a patent infringement suit brought by Apple against Samsung Electronics over slide-to-unlock technology, and also rejected a claim by Samsung that Apple infringed one of its third-generation, or 3G, wireless patents, The Wall Street Journal reported. Separately, ahead of Apple's expected iPad3 launch at a March 7 event in San Francisco, DigiTimes reported that the company may have trouble keeping up with demand for the product due to a shortage of high resolution display supplies. Shares were down 0.2% to $543.28 in premarket trading. AT&T said Thursday it would slow down service for "unlimited data" cellphone subscribers once they exceed a new monthly usage cap of 3 gigabytes. The change by AT&T, the No. 2 telecommunications company, relaxes its previous policy of slowing down service when subscribers entered the heaviest 5% of data users for that month. Yelp , the online business review company, said its initial public was priced at $15 a share, above its projected range of $12 to $14. Yelp is selling 7.1 million shares, while its charitable foundation will sell 50,000. The IPO values Yelp at $900 million. The stock begins trading Friday on the New York Stock Exchange. -- Written by Joseph Woelfel and Andrea Tse >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: tips@thestreet.com.

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Stocks to Watch: Shutterfly, Zynga (Update 1)

NEW YORK - Internet-based photo and greeting cards company Shutterfly is reportedly looking to acquire Eastman Kodak's online photo services business for $23.8 million.

Kodak has entered bankruptcy protection, and the agreement between the two parties characterizes Shutterfly's offer as the initial "stalking horse" bid for an auction process to be conducted through the bankruptcy court.

Shutterfly shares were jumping 15.5% to $31.07 in premarket trading Friday.

Zynga , the online game developer, announced Thursday a new online platform to play its titles, a move that will allow users to play games on its site and reduce its dependence on Facebook.

"In addition to serving up popular Zynga games, Zynga.com will let players discover and play social games created by third party game developers," the company said in a press release. "These Platform partners will be able to reach new audiences and make their games even more social."

Shares were adding 3.5% to $14.99.

Retailer Overstock.com is expected by analysts to post quarterly earnings of 45 cents a share. Shares were gaining 1.7% to $7.

Big Lots , the discount retailer, reported fourth-quarter net income of $114.7 million, or $1.75 a share, on net sales of $1.67 billion. Analysts expected earnings of $1.73 a share on sales of $1.66 billion.

For the first quarter of fiscal 2012, the company estimated adjusted income in the range of 75 cents to 81 cents a share, a 7% to 16% increase from the same time a year earlier.

Shares were up 0.3% to $44.60.

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Stocks to Watch: Shutterfly, Zynga

MemeBridge, a leading web publishing company, is now offering portions of its portfolio of real-estate related domains for sale.

Denver, CO (PRWEB) March 02, 2012

The majority of these real-estate domains are "exact match domains." Exact match domains are exceptionally valuable because they receive a significant ranking bonus from the major search engines, including Google, Bing, and Yahoo. These bonuses lead to improved search engine rankings, which lead to more traffic, which leads to greater revenue.

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The exact match domain bonus applies only to top level domains with the com, net, and org extensions. For example, the domain Section8HousesForRent.org will be much easier to rank for the search phrase "Section 8 Houses for Rent" than the domain Section8HousesForRent.biz.

This exact match bonus gives the owner of the domains an unfair advantage in the search engine rankings and makes these domains extremely valuable for receiving traffic from the major search engines. Investing in an exact match domain can pay for itself many times over by reducing the amounts that much be spent on search engine marketing.

These domains do not have set prices. Interested parties should contact MemeBridge with serious offers.

Corporate Summary

MemeBridge is a company with a mission: Spread Good Ideas. A meme is the smallest unit of thought and the job of MemeBridge is to build bridges which help good memes overcome obstacles. MemeBridge has extensive experience creating and managing web publications, including LiveDirtCheap.com and Tech-FAQ.com. MemeBridge web sites serve millions of visitors per month and provide information and guidance to people from all over the globe.

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MemeBridge Opens Bidding on Portfolio of Real Estate Domains

NEW YORK--(BUSINESS WIRE)--

Fitch Ratings has affirmed the 'AAA' ratings assigned to the auction rate preferred shares (ARPS) issued by the following four closed-end funds sub-advised by Pacific Investment Management Company LLC (PIMCO):

PIMCO High Income Fund (NYSE: PHK - News)

--$292,000,000 of ARPS consisting of Series M, T, W, TH and F, each with a liquidation preference of $25,000 per share, affirmed at 'AAA';

PIMCO Corporate & Income Strategy Fund (NYSE: PCN - News)

--$169,000,000 of ARPS consisting of Series M, T, W, TH and F, each with a liquidation preference of $25,000 per share, affirmed at 'AAA';

PIMCO Income Strategy Fund (NYSE: PFL - News)

--$78,975,000 of ARPS consisting of Series T, W and TH, each with a liquidation preference of $25,000 per share, affirmed at 'AAA';

PIMCO Income Strategy Fund II (NYSE: PFN - News)

--$161,000,000 of ARPS consisting of Series M, T, W, TH and F, each with a liquidation preference of $25,000 per share, affirmed at 'AAA'.

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Fitch Affirms Preferred Share Ratings of 4 PIMCO Closed End Funds at 'AAA'