October 2007 - Money Morning - Only the News You Can Profit From

O'Neal Finally Out at Merrill Lynch

  By Jason SimpkinsAnd William Patalon IIIMoney Morning Editors Just days after reporting the biggest quarterly loss in its history, Merrill Lynch & Co Inc. (MER) yesterday (Tuesday) forced out Chairman and Chief Executive E. Stanley "Stan" O'Neal, ending days of speculation about the embattled executive's fate. The New York-based Merrill has, in recent weeks, […]

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Global Investing Roundup

UBS Takes Credit Hit; Commodity Prices Dampen China Earnings; Bancolumbia Income Up 45%; HSBC Sells Credit Cards; Morgan Stanley Buys Japanese Beer… Swiss banking giant UBS AG (UBS) said yesterday (Tuesday) that it experienced a third-quarter net loss of $712 million, due in large part to difficulties in the U.S. mortgage securities markets. Most of […]

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General Motors Shifts into Growth Mode by Driving a Cleanup Effort in China

By Jason Simpkins Associate Editor Most experts view the pollution problem in China as one of the world's biggest problems. But General Motors Corp. (GM) Chief Executive Officer Rick Wagoner views it as one of the world's biggest business opportunities. With incomes soaring and a new wave of middle-class consumers emerging across China, car and […]

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DP World's IPO May Trigger Billions in Investments of State-Controlled Companies

By Mike Caggeso Associate Editor After years of amassing a diverse portfolio, Dubai's state-controlled holding company, Dubai World, is planning a Nov. 4 initial public offering of one of its subsidiaries, DP World, the world's fourth-largest port operator. The IPO would sell 20% of DP World's equity and list on the Dubai International Financial Exchange, […]

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Why This "Bernanke Put" Could Make for the Scariest Halloween Ever

By Keith Fitz-GeraldContributing Editor The markets are clearly counting on the "Bernanke Put," which is how market insiders refer to the Federal Funds rate cut nearly everyone is hoping for today (Wednesday). I have to say that I'm dumbfounded. I simply can't understand why investors believe that another rate cut will somehow bail out the […]

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Global Investing Roundup

Crude Surges as PEMEX Stumbles; Mitsubishi Electric Boosts Outlook; Fushi Finalizes Deal; Oriental Financial Reports Stellar Quarter From Staff Reports Crude-oil futures roared past $93 a barrel for the first time ever yesterday (Monday), closing at a record $93.53 a barrel on the New York Mercantile Exchange. Crude futures for December delivery hit an intraday […]

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The Two Ways the Global Shipping Sector Can Deliver Bulk Investment Profits

One shipping company's stock is up 588% percent year-to-date. Another is up 149%. A special report developed jointly by Eoin Gleeson at our U.K. affiliate, MoneyWeek Magazine, and Money Morning Associate Editor Mike Caggeso, explains why the maritime shipping industry is about to get bigger and deliver more profits to investors.  Shipping stocks have soared […]

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Embattled Merrill Lynch CEO Ousted Over Losses, Merger Overtures

By Jason Simpkins And William Patalon III Money Morning Editors Stan O'Neal, the embattled chief executive officer of Merrill Lynch & Co. Inc. (MER) will be ousted at any time, with only the terms of his departure still to be finalized, according to published reports. Although some early reports yesterday (Monday) stated that O'Neal had […]

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Could Goldman Sachs Explode? How to Dodge the Ongoing Mortgage Mess

By Martin Hutchinson Director of Global Investing Research The $8.4 billion write-down announced by Merrill Lynch & Co. Inc. (MER) last week was just the latest in a series of similar revelations by Bank of America Corp. (BAC), Citigroup Inc. (C), The Bear Stearns Cos. (BSC) and Lehman Brothers Holdings Inc. (LEH). And it underscores […]

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