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Some Light Summer Reading

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Leslie Haines
August 1, 2008

?What is going on here? Are the solar flares worse than usual? In mid-July, a Belgian brewer bought our largest beer maker, Anheuser-Busch, for $52 billion. An Abu Dhabi investment fund bought 75% of the Chrysler building in Manhattan. And, the market cap of Newfield Exploration Co. was nearly $1 billion higher than GM’s!

At press time, the market caps of shale players Newfield, Petrohawk Energy Corp. and Range Resources Corp. had each surpassed that of General Motors, which had fallen to about $6.5 billion. And, the $12-billion market cap ...

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