Unlike Other Developed Countries, Denmark Refuses to Rescue Banks

Since the start of the global financial crisis of 2008, most of the developed countries have bailed out distressed banks with taxpayer funds. The U.S. government allows the failure of small and tiny banks but bails out large and TBTF banks by pouring billions in bailout funds with programs such as the now-forgotten TARP program. …

Continue reading ‘Unlike Other Developed Countries, Denmark Refuses to Rescue Banks’ »

The Top 10 Danish Companies by Sales

The 10 largest publicly-listed Danish companies based on sales for 2009 that appear in the Forbes Global 2000 list for 2010 are listed below: Rank Company Industry Sales ($bil) 1 Mxller-Maersk Transportation 48.7 2 Danske Bank Group Banking 30.41 3 Carlsberg Food, Drink & Tobacco 11.42 4 Novo Nordisk Drugs & Biotechnology 9.83 5 Vestas …

Continue reading ‘The Top 10 Danish Companies by Sales’ »

Danish ADRs: Novo Nordisk and Torm

In this post lets take a quick look at two companies from Denmark. These are the only two Danish stocks traded on the organized US exchanges. 1. Novo Nordisk (NVO) Novo Nordisk is a healthcare company focused on the discovery, development, manufacturing and marketing of pharmaceutical products. It operates in two segments: diabetes care and …

Continue reading ‘Danish ADRs: Novo Nordisk and Torm’ »