Telus Corp (TU), Canada’s second largest telecom carrier, has reportedly acquired Black’s Photo Corporation (Black’s), a leading imaging and digital retailer in Canada , for C$28 million (US$26 million). For nearly 80 years, Black’s has been a premier distributor of cameras, accessories, albums and printing services that are complementary to Telus’ wireless offerings.  Telus’ wireless devices will feature in Black’s nationwide retail outlets, addressing the growing demand for mobile handsets embedded with high quality photo and video capability. Telus remains the industry leader in offering the broadest assortment of smartphones in Canada. Strong smartphone adoption and the associated increase in data service usage continue to catalyze wireless data revenue growth.  Telus contends with a weakening Canadian economy and domestic competition, which would intensify with the entry of new wireless players (including Globalive Communications and Quebecor Inc) in late 2009 and early 2010. The company continues to ...

Mobile TeleSystems (MBT) announced results for the second quarter with reported earnings of $1.49 per ADR beating the Zacks Consensus Estimate of 85 cents. Eastern Europe’s largest cellular operator reported revenue of $2 billion, down 23.3% year over year, hurt by the macroeconomic volatility across its markets. Net income dipped 14.6% from the year-ago quarter to $563 million on lower revenue, higher interest expenses and increased handset costs.

On a geographic basis, revenue rose 7% year over year in Russia, 4% in Uzbekistan, 35% in Turkmenistan and 3% in Armenia, while sales declined 8% in Ukraine.

Mobile TeleSystems added approximately 2.8 million customers in the quarter (up sequentially), primarily driven by a 2.3 million net subscriber growth in Russia. This was marginally offset by 155,000 subscriber losses in Ukraine. At the end of the second quarter, the company served approximately 99.5 million subscribers (67.4 million in Russia), up

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The five best performing stocks on the Zacks #1 Rank List last week were: Cyberonics, Inc. (...

The structural aspects of making a market economy work are not necessarily something that most investors pay attention to. For the most part, an investment is usually made in a company or financial product that already exists and is producing some good or service. There are, however, some investment vehicles that remain hidden so that a good or service can be moved forward through the combination of companies or ideas. These “shell” companies, as they are often called, sometimes take on a negative connotation, but if they are used properly they can become a nice profit vehicle.

Middle Kingdom Alliance Corp., a shell company created with the intent of forming a transaction, for the purposes of doing business in China, is currently in the process of doing so. The resulting company will be formed through the merger of Middle Kingdom Alliance Corp. and Pypo Digital Company Ltd. The merged company

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A hydrogen fuel injection system has been developed by Hydrogen Hybrid Technologies Inc. (OTCBB: HYHY) and the Canadian Hydrogen Energy Company. Initial field trials have now been completed for the car and light truck after-market.

Consumers are in search of cheaper, more environmentally beneficial fuel solutions, a HYHY news release points out, specifically with high-consumption consumer vehicles such as SUVs and light trucks. HFI units are currently widely used in city buses, and long haul truck and other commercial vehicles and equipment.

The Canadian Hydrogen Energy Company is the world’s largest retail distribution network for any hydrogen product, with more than 140 certified installation centers in Canada, the United States, and a number of international markets. HYHY’s product is the first emission control technology to have received Environmental Technology Verification by the Canadian government and the first hydrogen technology to receive ETV recognition anywhere in the world.

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