Home Shopping Latino Inc. is launching the only network of its kind – a QVC-style shopping channel aimed at the Hispanic market. Targeting the United States in early 2010, the channel will be aired under the name of ViVa Telecompras. The company intends to sell products such as jewelry, gemstones, vitamins and beauty care items from third-party merchandisers.

Several weeks ago, the company announced an agreement with MadAmerican Exports Inc. to import sapphires, rubies, emeralds, garnets, tourmaline and other precious gems from the nation of Madagascar. This country is an Indian Ocean island nation off the east coast of Africa that is exceptionally rich in minerals and gemstones.

MadAmerican Exports CEO Biclair Andrianantoandro is an excellent person for Home Shopping Latino to partner with because he is well-known and well-respected by all political factions in Madagascar. He has held many official positions in

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News on the job loss front continued to mount but existing home sales in the United States rose unexpectedly in December and that sparked a mini-rally during Monday trading on the Canadian markets. For the tale of the tape, the TSX Exchange tacked on 0.33%, while the TSX Gold Index gave back 3.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.87% with the advancing issuers edging out the decliners by a 399 to 304 margin on 147 million shares traded.

Over in New York, Freeport-McMoRan (NYSE:FCX) posted its biggest quarterly loss in company history, losing nearly $14 billion during the fourth quarter. The company reported a loss of $13.9 billion, or $36.78 per share, compared with a net income of $414 million, or $1.05 per share in the prior-year period. The results, however, include special charges of about $14 billion, or $36.84 per share, largely

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Atticus CapitalAtticus Capital | 13 Hedge Fund HoldingsThis post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers.Atticus Capital is a $13 billion hedge fund ran by Timothy Barakett. In 2005, Atticus' funds were up a combined 45%. And, they finished well over 30% for 2006. Barakett founded the firm at age 26 in 1995 and focuses on taking large, concentrated positions in companies. One of Atticus' most famous investments was Phelps Dodge, a miner which was bought out by Freeport McMoran (FCX). At one point, Atticus owned more than 9% of Phelps. And, they continue to hold their position in what is now the combined FCX. Barakett ...

The title says it all. Global economy is on the rise with never-before-seen demand for natural resources and their applications.