Results for 2007 September
CNBC Dismisses Talk of Outside Investor Stepping in at Troubled Bear Stearns
From Staff Reports
Shares of Bear Stearns Cos. Inc. (BSC) fell 3% yesterday (Thursday) afternoon after a CNBC report downplayed any talks between the embattled investment bank and potential outside investors – one of whom is rumored to be Berkshire Hathaway…
Pepsi 'Goes Red' in China
By Keith Fitz-Gerald
Contributing Editor
Sometimes it’s better to invest in the hungry underdog than in the satisfied leader, and nowhere is that more clear than with Pepsi and Coke in China.
In a story that received only passing coverage here in the…
Japan's Politics Shouldn't Derail Its Economy: Profiting from the New Prime Minister
By Martin Hutchinson
Director of Global Investing Research
The unexpected resignation of Japanese Prime Minister Shinzo Abe on Sept. 12 spooked the Tokyo stock market. But as the dust clears, it’s obvious that investors shouldn’t worry.
The new prime minister, Yasuo Fukuda, isn’t about…
U.S. Economy Surges in the Second Quarter, Struggles After That
By Jason Simpkins
Staff Writer
The U.S. economy made a strong showing in the second quarter, with growth surging at an annual rate of 3.8% — a major improvement over the anemic 0.6% advance of the first quarter, according to The Associated Press. It…
Here’s Why MGM is a High-Profit Play on China
By William Patalon III, MBA
Managing Editor
Money Morning & The Money Map Report
When it comes to MGM Mirage (MGM), to borrow a phrase from an old rock-n-roll hit, "you ain’t seen nothing yet."
That seems to be the general consensus on Wall…
Google Studies High-Speed Undersea Cable to Asia
From Staff Reports
In a move that highlights both Google Inc.’s ambitious global vision – and the massive infrastructure investments required to make that vision a reality – search-engine giant Google Inc. (GOOG) is in early discussions to invest in a…
Warren Buffett and Berkshire Hathaway Rumored as Bear Stearns Investors
From Staff Reports
Bear Stearns Cos. Inc. (BSC) shares jumped almost 7.5% yesterday (Wednesday) after the New York Times reported that the investment bank is in talks to sell a minority stake to investors including Warren Buffett.
The firm is in…
Defense Contractors See No Sector Slowdown on the Horizon
By Jason Simpkins
Staff Writer
A number of defense-industry shares hit new highs yesterday (Wednesday), and may have more room to run, according to a report by the Associated Press. Much of the surge can be attributed to Defense Secretary Robert Gates,…
Chevron Prepares $15 Billion Buyback
From Staff Reports
Chevron Corp. (CVX), the second largest U.S. oil company, yesterday (Wednesday) announced a three-year, $15 billion share buyback program, according to the Associated Press. The company has already spent $15 billion buying back shares over the past three…
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