By Jason Simpkins Two international oil companies yesterday (Thursday) reported a drop in second-quarter profits, while a third announced it was selling assets. French energy company Total (NYSE: TOT) reported a slight drop in second quarter profits. Net income fell to $4.66 billion, a 1% decline from the $4.7 billion taken in a year ago. Shares of […]
Archives for August 2007
August 2007 - Page 11 of 11 - Money Morning - Only the News You Can Profit From
Does Malaysia Pay Its Executives More than the United States?Â
by Mike Caggeso If you ventured a guess at which countries paid their senior management the most, what would be some of your choices? The United Kingdom? Japan? Surely the United States would be high on the list, right? Wrong. A recent Hay Group Research report showed that management in Russia, Mexico, Ukraine, Thailand, Poland, […]
Two Bear Stearns Hedge Funds Declare Bankruptcy, a Third Freezes Assets
By Jason Simpkins Two Bear Stearns Cos. hedge funds filed for bankruptcy Wednesday while another froze its assets. The Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and the Bear Stearns High-Grad Structured Credit Strategies Enhanced Leverage Master Fund Ltd. have filed for protection under Chapter 15 of the bankruptcy code. It became evident […]
To Make a Small Fortune in Hedge Funds, Better Start With a Big One
Hedge funds and private-equity funds are both a sucker's bet. As an investor, the best thing you can do to profit from these "alternative" investments is to avoid them altogether.
Consumers Confidence: What a Difference a Month Makes
By Jason Simpkins Consumer spending made a disappointing showing in June, with only a tepid increase from the month before. But consumer confidence shot up in July to its highest level in nearly six years, giving investors some hope that a resurgent consumer can help the U.S. economy to navigate its current morass of housing […]
Is Crude Oil on a Flight to $80 a Barrel?
By Jason Simpkins It appears that rising oil prices will remain a solid bet for investors – at least for the near future. Crude at $80 a barrel may be a reality sooner than we think. Amid swirling concerns about oil supplies, crude oil futures closed at a record $78.21 a barrel on the New […]
State Investment Funds: Beware of the Big New Buyers
When Britain's Barclay Bank PLC (NYSE: BCS) boosted its bid for Dutch Bank ABN AMRO Holding NV (NYSE: ABN) to more than $93 billion in the world's largest-ever takeover battle, it did so thanks to a financial boost from state-run investment funds in China and Singapore.
Dubai Employs the Latest Private Equity Strategies to Boost its Shifting Economy
By Mike CaggesoAnd William Patalon III Just two days after Dubai Aerospace Enterprise offered to buy Auckland International Airport in New Zealand for as much $2.1 billion, the government-run aviation investment group announced a week ago that it is scouting airport projects in Europe. Only three months ago, Dubai Aerospace Enterprise, or DAE, agreed to […]
News Corp. and Dow Jones Reach Deal Last Night
From Staff Reports It appears that media mogul Rupert Murdoch finally has his prize. The boards of directors of Wall Street Journal parent Dow Jones & Co. Inc., and Murdoch’s News Corp. (NYSE: NWS) late yesterday were reported to have approved a deal in which News Corp. will buy Dow Jones for $5 billion in […]