Archives for October 2007

October 2007 - Page 5 of 13 - Money Morning - Only the News You Can Profit From

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v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} Market: Ronald bholmes 2 14 2007-10-12T15:39:00Z 2007-10-19T16:35:00Z 2007-10-19T16:35:00Z 3 1241 7079 USFS 58 14 8693 9.8960     The Week That Was: Earnings Start, Deals Continue, Fed Minutes Upbeat …       Market Matters: Earnings Season Starts…                              Market/Index Year Close (2006) Qtr Close (09/30/07) Previous […]

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The Three Ways to Profit From a Messy Market

By Keith Fitz-Gerald Contributing Editor Many investors have been shell-shocked over the last few days as they watched the dollar continue its slide, the stock markets perpetuate their recent gyrations, and crude oil punch through the $90 a barrel level. And now industry experts are now saying the U.S. housing market won't turn around until […]

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Sony to Sell Semi Unit and Cut PS3 Prices as Part of Electronics Unit Turnaround

By Jason Simpkins Staff Writer Sony Corp. (SNE) is selling its advanced computer chip operations to Toshiba Corp. (TOSBF), a proposed $858 million deal that's the latest element of Sony's ongoing turnaround efforts, The Associated Press reported yesterday (Thursday). In a separate-but-related development yesterday, Sony slashed the U.S. price of its PlayStation 3 gaming system […]

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Global Business Roundup

Kirin Holdings in Deal; Autoliv Buys Out Venture; U.S. Banks Feel Squeeze, Mittal on the Prowl; Bank of Canada Holds the Line Kirin Holdings Co. Ltd. (KNBWY) announced yesterday (Thursday) that it is in negotiations to buy Kyowa Hakko Kogyo Company Ltd. (KYKOF), a major Japanese pharmaceutical company. Kirin is hoping to expand its biotech […]

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Recording Demonstrates Confusion About LDK Solar Inventory Quality, WSJ Reports

From Staff Reports Officials at solar-cell-maker LDK Solar Co. Ltd. (LDK) were apparently confused about the quality of the silicon in the firm's inventory- just as an ex-finance official has alleged- according to an audio recording of an internal conference call obtained by The Wall Street Journal, the newspaper reported yesterday. LDK, based in southern […]

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Emirates Telecommunication Eyes Controlling Stake in Oman Telecommunications

From Staff Reports Dubai-based Emirates Telecommunication Corp., the third-largest Arab telecommunications company, said it is interested in buying a controlling stake in state-controlled Oman Telecommunications Co., also known as Omantel. News of the possible interest from Emirates Telecom, more generally referred to as Etisalat, sent Omantel's stock up 10%, to a 21-month high, Reuters reported. […]

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Coca-Cola's Big Third Quarter Highlights its Rivalry with Pepsi

By Mike Caggeso Staff Writer Coca-Cola Co. (KO), the world's biggest soft drink maker, released better-than-expected third-quarter results yesterday (Wednesday), attributing the upside surprise to its worldwide growth. Overall, the company posted a 13% gain in profits, a 19% jump in net revenue and a 15% increase in earnings per share. Other highlights from its […]

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U.S. Economic Woes Prompt IMF to Cut its World Growth Forecast for 2008

By Jason Simpkins Staff Writer In part because of the U.S. market's economic malaise, the International Monetary Fund (IMF) cut its global growth projections for next year from 5.2% to 4.8%, Bloomberg News reported. In its semiannual World Economic Outlook, the IMF scaled its prediction for U.S. economic growth back to 1.9% from 2.8%. Declining […]

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Global Business Roundup

Airline Merger Mania; Upbeat Outlook at ASML; Banco Popular Profits Rise; Investment in Japan Drops; First Airbus for Singapore Air British Airways PLC (BAY) – highly concerned about a joint venture announced yesterday (Wednesday) between Air France-KLM (AKH) and Delta Airlines Inc. (DAL) – is already looking at merger opportunities that would create a Transatlantic […]

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