South African gold production drops 23%

Bloomberg 10/09/08

South Africa, the world’s biggest producer of precious metals, said gold production fell 23 percent in August from a year earlier because of an electricity shortage and a protest against power price increases. "There was the Aug. 6 strike by Cosatu that affected mines quite heavily,” Alex Conradie, an economist at the Department of Minerals and Energy, said by telephone from Pretoria today. "The power issues also weren’t there a year ago.” The Congress of South African Trade Unions, known as Cosatu, protested against a 27.5 percent tariff increase by state-owned Eskom Holdings Ltd. to help fund a $44 billion expansion. The utility, which supplies 95 percent of South Africa’s power, started rationing supplies to mines this . . . → Read More: South African gold production drops 23%

Would You Like Some Chrome On Your Internet?

With the advent of Google’s foray into Web browsers with Google Chrome, we have yet another contender for the title of Web Browser King. If you’re not a die-hard web user this may not seem like a great title. Some Web browsers are better than others, yes, but these browsers are free anyway, so what’s the point if one is more popular than another. Believe it or not, the business of Web browsers is pretty important, not to mention occasionally profitable. The popular websites of today may also be the operating systems of tomorrow.

Obligatory History Lesson

Before I continue, though, let me cover briefly how web browser companies make money. While they may be free to the . . . → Read More: Would You Like Some Chrome On Your Internet?

Stock to Watch: Keystone Automotive Industries (KEYS)

Keystone Automotive Industries, Inc. is the nation’s distributor of aftermarket collision replacement parts produced by independent manufacturers for automobiles and light trucks. Keystone distributes products primarily to collision repair shops throughout most of the United States and certain areas in Canada. In addition, the Company recycles and produces chrome plated and plastic bumpers and remanufactures alloy and steel wheels. The Company’s principal product lines consist of automotive body parts, bumpers and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle. Keystone currently offers more than 19,000 stock keeping units to over 25,000 collision repair shop customers, out of an estimated 51,000 shops nationwide. (Source: Bigcharts)

Now might be a good time to . . . → Read More: Stock to Watch: Keystone Automotive Industries (KEYS)