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Best of the Blogs: Will the Dow Jones Reach 16,000?


Plus, Apple settles dispute with Proview over use of iPad name in China.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.

Marketwatch: The Tell
Link: Dow 16,000 will happen, but it'll be long grind

"Portfolio manager Gene Peroni of Advisors Asset Management says that his technical analysis of the market suggests that the Dow Jones Industrial Average (^DJI) will reach 16,000 before the end of the current cycle, but noted that headline events and risks are dampening enthusiasm and holding the upward movement in check.

"'We do believe the market will head higher, and we do believe we will see 16,000 before the end of this market cycle,' Peroni said in the MoneyLife Market Call interview with Chuck Jaffe, MarketWatch senior columnist. 'We believe the market cycle could carry out between 2013 and 2015, even 2016,' he added, noting that it will take most of that cycle before the market reaches those lofty heights."

The Wall Street Journal: China Real Time Report
Link: Thuggish Victory? China Debates Apple's $60m 'iPad' Payout

"The China-based unit of Hong Kong computer monitor maker Proview has found itself $60 million richer after concluding settlement negotiations in its legal dispute with Apple (AAPL) over the use of the iPad name in China. Proview isn't faring nearly so well in the court of public opinion, however.

"News of the settlement rocketed quickly up the trending topics list on popular Twitter-like microblogging site Sina Weibo shortly after it was announced (in Chinese) Monday morning, with many users engaging in celebratory speculation that the end of the dispute would expedite the official China release of the latest iPad model."

Link: Firefox OS: Mozilla's phone experiment gets support from Sprint and global carriers

"Because 'Boot to Gecko' doesn't have much of a ring to it, Mozilla announced today that its upcoming phone OS will now be called 'Firefox OS.' The new platform also has the backing of major worldwide carriers, including Sprint (S) and Telefonica (TEF), and a couple device manufacturers.

"With Firefox OS, Mozilla aims to provide a fully open source and free mobile platform that's completely powered by HTML5. The first Firefox OS devices will hit Brazil in early 2013 through Telefonica's Vivo brand - a decent market to start with since Mozilla is targeting entry-level devices with the platform."

FOSS Patents
Link: Samsung appeals Galaxy Nexus ban and moves to stay the injunction

"As expected, Samsung's (SSNLF) lawyers worked hard to define their appellate strategy concerning the Galaxy Nexus injunction that was ordered on Friday afternoon Pacific Time. They just gave notice of their appeal to the Court of Appeals for the Federal Circuit and, like in the Galaxy Tab 10.1 case, filed a motion to stay the injunction for the entire duration of the appeal or at least until the Federal Circuit decides on a possible stay."

The New York Times: Deal Book
Link: GE Capital Sells Property Lending Unit for $2.51 Billion

"The EverBank Financial Corporation (EVER), a bank based in Jacksonville, Fla., that went public last month, said on Monday that it had agreed to acquire Business Property Lending, a unit of GE Capital, for $2.51 billion in cash.

"Since the financial crisis, General Electric (GE) has been steadily streamlining GE Capital, its huge financial arm, shrinking its real estate loan portfolio in particular.

"Business Property is a commercial real estate lender for properties owned or leased by small and midsize businesses. The acquisition includes about $2.44 billion of performing commercial loans, the origination and servicing platforms, and servicing rights on $3.1 billion of loans securitized by GE Capital. Business Property employs 108 people."

Twitter: @ChrisWitrak
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