Friday, November 5, 2010

Early Market News: Berkshire Hathaway (NYSE:BRK.A), AT&T Inc. (NYSE:T), ConocoPhillips (NYSE:COP)

Here is another batch of stock briefings which may affect trading on world markets later today. The following companies should see some movement: Berkshire Hathaway (NYSE:BRK.A), AT&T Inc. (NYSE:T), ConocoPhillips (NYSE:COP). Here is a more detailed look at the news that will affect each company when trading continues. Berkshire Hathaway (NYSE:BRK.A) Sun Life Financial Inc. has planned to sell its business to Berkshire Hathaway (NYSE:BRK.A). Sun Life Financial Inc. agreed to the sale of the reinsurance business to Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.A) last week. Reports say the reason behind the sale is low potential growth in Sun Life's future. Toronto-based Sun Life is the Canada's third-biggest insurer. Confirming the rumors, Chief Executive Officer Donald Stewart said, "There are areas that we've seen as having less growth potential." AT&T Inc. (NYSE:T) AT&T (NYSE:T) has announced the launching of the Solstice II. Samsung Solstice II with the Korean manufacturer’s TouchWiz 2.0 user interface will be on market on November 7. AT&T (NYSE:T) Navigator is one of the unique features this phone boasts. The device is coming with lot many advanced features. It has an internal memory of 256 MB, microSD card slot for memory expansion (up to 16GB) and Samsung Solstice II will be launched by AT&T on November 7th for $29.99 with a new 2-year AT&T contract. It is expected that the contract will boost AT&T (NYSE:T) business. ConocoPhillips (NYSE:COP) Australian company WorleyParsons has secured two gas deals from ConocoPhillips (NYSE:COP). Australian company WorleyParsons has secured two gas deals from the Energy giant ConocoPhillips (NYSE:COP). The contract is for providing detailed design and procurement services for ConocoPhillips (NYSE:COP) Jasmine joint venture project in the North Sea. The value of the contract not disclosed yet. WorleyParsons spokesman said, ”Produced gas [at Shtokman] will be conditioned on board the production vessel and further transported to the Russian mainland via a subsea pipeline." There will probably be more movement when trading continues for Berkshire Hathaway (NYSE:BRK.A), AT&T Inc. (NYSE:T) and ConocoPhillips (NYSE:COP).
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