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Thursday, March 24, 2011

Indonesia Stocks: Astra, Bank Central Asia, Energi Mega

Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the noon Jakarta-time break.
The Jakarta Composite index (JCI) advanced 38.12 points, or 1.1 percent, to 3,594.36.
Energy companies: PT Medco Energi Internasional (MEDC IJ), Indonesia’s biggest listed oil company, gained 1.8 percent to 2,850 rupiah and PT Energi Mega Persada (ENRG IJ), the second largest, rose 1.6 percent to 127 rupiah.

In Libyan Conflict, Is Endgame A Stalemate?

Tracer fire is seen from anti-aircraft fire above the hotel where foreign media and government officials are staying, in Tripoli, Libya, on March 20. Allied forces are pounding Libyan leader Moammar Gadhafi and the forces loyal to him.
Libyan leader Moammar Gadhafi and the forces loyal to him are still getting pounded. Since Operation Odyssey Dawn began last Saturday, more than 160 cruise missiles have been launched and jet fighters from at least four countries have dropped bombs on targets all across Libya. But is the operation achieving its goals? Not yet.
As of Wednesday afternoon, the U.S.-led operation in Libya had achieved air superiority: Gadhafi's aircraft were staying on the ground. Also, maritime superiority: No ship could reach Libyan shores without being stopped and inspected.

Major Fire Breaks Out at Miami International Airport

Courtesy Gregory Castillo
March 23: Massive fuel fire breaks out at Miami International Airport.

DEVELOPING
A major fuel fire broke out at Miami International Airport late Wednesday night, with fire crews summoned from across the area, the Miami Herald reported.
The conflagration, on the east side of the airport, was graded a second alarm blaze, with smoke and flames visible from nearby roads around 11:00 p.m. local time.
The fire was caused by a fuel tank farm in the southeast corner of the airport, away from the runways and terminals, Miami-Dade Fire Rescue spokesman Capt. Eric Baum told the Miami Herald.