By William Patalon III, MBA Managing Editor Money Morning/The Money Map Report Every American consumer who's ever eaten Chinese take-out has either heard, or repeated, that well-worn chuckler: "The only problem with Chinese food is that half an hour after I'm finished, I'm hungry again." Let me tell you the flip side to that one-liner. […]
Archives for October 2007
October 2007 - Page 10 of 13 - Money Morning - Only the News You Can Profit From
As Global Investors Profit From China's Growing Dairy Demand, Chinese Government Offers Incentives to Beef up Dairy Infrastructure.
By Mike Caggeso Staff Writer China's demand for dairy products is so strong that worldwide milk prices have spiked and fattened the wallets of farmers around the world. And yet about 30% of China's dairy farmers lost money last year, the country's National Development and Reform Commission reported. And with liquid milk consumption in China […]
LDK Shares Plunge Another 26% Due to Worries, Barron's Report
From Staff Reports Shares of high-flying LDK Solar Co. Ltd. (LDK) plunged 26.4% to close at $37.50 yesterday (Monday) – extending losses from last week – based on continued concerns that the China-based maker of solar wafers has serious production problems. The shares of the Jiangxi, China-based LDK are now trading at less than half […]
Oil Prices Slip, but a Rebound Could Be On the Way
By Jason Simpkins Staff Writer With worries mounting that the global credit crunch will squeeze the worldwide demand for petroleum-based products, oil prices dropped below the $81 a barrel level yesterday (Monday), according to The Associated Press. Light, sweet crude for November delivery fell 44 cents to $80.78 a barrel in Asian electronic trading on […]
Microsoft Eyeing GPS-Maker Garmin, Analyst Reports
From Staff Reports Shares of Garmin Ltd. (GRMN), the biggest U.S. maker of portable navigation devices, jumped by nearly 4.6% yesterday (Monday) on speculation that it is a buyout target of Microsoft Corp. (MSFT) – and after an analyst boosted his rating on the stock. Garmin's shares closed yesterday at $108.46, a jump of 4.58%, […]
China's Weeklong Shopping Holiday Breaks (Yet Another) Retail Sales Record
From Staff Reports Retail sales during China's weeklong National Day holiday surged almost 350 billion yuan (about $46.7 billion), a 16% increase in consumer spending compared to last year's week of celebration, its Ministry of Commerce reported on Sunday. During the week, Beijing hosted 5.94 million visitors, up 3.5% from last year. In the modern, […]
Vietnam's GNP Grows 8.16% After First Three Quarters of 2007
By Mike Caggeso Staff Writer Vietnam's economy has grown 8.16% in the first nine months of 2007, its best economic performance in 10 years, according to that country's General Statistic Office. At its current pace, it will hit its 2007 growth target of 8.2% to 8.5%, the China Post reported. Last year, its overall GNP […]
Who's Gaining Ground in the Global PC Wars?
By Jason Simpkins Staff Writer The personal computer industry is one of the most competitive in the world, with top guns Hewlett-Packard Co. (HPQ) and Dell Inc. (DELL), battling for market share in the United States and abroad. Moreover, margins for computer makers have come down dramatically, now hovering around 10%. And with wildly fluctuating […]
The Three Pathways to Profit as Investors Make it All About Earnings
By William Patalon III, MBA Managing Editor Money Morning/The Money Map Report In the weeks to come, it will be all about earnings. Stock prices soared to a new record high a week ago today (Monday), on a newfound belief that the subprime mortgage mess was contained. We predicted that belief would be short-lived, and […]
Goldman Sachs Moves into Japan Property Market
From Staff Reports Goldman Sachs Group Inc. (GS) has its sights set on Japan. Goldman and New York-based Aetos Capital LLC have joined forces and are looking to buy Japanese property company Simplex Investment Advisors for the equivalent of about $1.1 billion to $1.35 billion – a premium of about 65%. The bid is for […]