By Mike Caggeso Associate Editor Jeffrey Bewkes won't even start his new post as chief executive of Time Warner Inc. (TWX) until Jan. 1, but he's ready to sell assets – and perhaps even AOL – as the media giant wrestles with a 53% drop in third-quarter profits. "We will be looking at anything that […]
Archives for November 2007
November 2007 - Page 10 of 13 - Money Morning - Only the News You Can Profit From
Archer Daniels Midland Oilseed Harvest Reaps Big Rewards
By Jason Simpkins Associate Editor Soaring sales in its oilseeds businesses helped Archer Daniels Midland Co. (ADM) overcome fiscal-first-quarter sluggishness in its traditionally strong ethanol business, enabling the worldwide-food-processing powerhouse to surprise Wall Street. The Decatur, Ill.-based ADM saw its shares soar Tuesday after reporting that profits for the quarter ended Sept. 30 were $441 […]
Three Ways to Profit From the Next Phase of the Subprime Mortgage Mess
By Keith Fitz-Gerald Contributing Editor I've been telling you for months, now, that the subprime mess isn't over. But contrary to what you might be hearing in the mainstream news, the Four Horsemen of the Financial Apocalypse aren't thundering their way to our homes right now, either. In fact, savvy investors will have the chance […]
GM Misses And Oil Hisses Toward $100
By Keith Fitz-Gerald Contributing Editor In early morning trading yesterday (Wednesday), the market appears to be upset by the twin assaults of a staggering $1.6 billion loss posted by No. 1 U.S. carmaker General Motors Corp. (GM) and crude-oil prices, which are [still] rising toward that psychologically intimidating $100 a barrel price level. Stocks went […]
Alibaba Strikes It Big In Hong Kong Offering
By Jason Simpkins Associate Editor One day after oil giant PetroChina Ltd. (PTR) made its debut raising $8.94 billion, Alibaba.com Ltd. yesterday (Tuesday) became the latest beneficiary of the frenzy over Chinese stocks. The business-to-business arm of China's biggest Internet company, Alibaba saw its shares nearly triple after its initial public offering (IPO) listed its […]
Dividing to Conquer: Pepsi Shifts Organizational Structure and Management to Focus on Emerging Markets
By Mike Caggeso Associate Editor With ambitious plans for overseas sales and continued growth abroad, PepsiCo, Inc. (PEP) is reorganizing and adding senior-level managers to capitalize on opportunities outside of North America. Previously, Pepsi was comprised of PepsiCo North America (with its own three divisions – Frito-Lay North America, PepsiCo Beverages North America and Quaker […]
Snapshot From India: Advice on Stocks, the Rupee, High Tech and Real Estate
Editor's Note: Our friend and colleague, Karim Rahumtulla, is an expert on investing in India. He's currently leading an investment research trip, taking in the country's hotspots, examining its rapidly emerging market, meeting with companies, and studying its investment potential. Here's his investment travelogue: After spending the last 29 hours on various airplanes and stuck […]
Three Ways to Buy the "Other" China for Growth and Profits
By Martin Hutchinson Contributing Editor PetroChina Company Ltd. (PTR) became the world's first trillion-dollar company on Monday, when its initial public offering (IPO) soared to three times its issue price on the Shanghai market. It more than doubled the value of its Hong Kong shares. Moreover, the Shanghai stock market is up 160% year to […]
Global Investing Roundup
LAN Airlines Buys Boeing; Softbank Triples Earnings; J. Sainsbury Plummets 21%; Tongjitang Profits up 29%: LAN Airlines (LFL), the largest airline in Latin America, has finalized a contract with North American aircraft manufacturer Boeing (BA) for 26 long haul Dreamliner 787 passenger jets and two 777 freight aircraft, The Associated Press has reported. The Dreamliner […]
Toyota Profit Boosted by Higher Sales and Weaker Yen
By Jason Simpkins Associate Editor Toyota Motor Corp. (TM) will likely report a rise in net income for the ninth straight quarter when it releases its earnings statement today (Wednesday). According to estimates compiled by Bloomberg News, the company's net income probably rose 9.4% to 444 billion yen ($3.9 billion) in the third quarter. The […]