By Jason Simpkins Associate Editor Tata Motors Ltd. (TTM) has an eye on the future – and soaring oil prices in the present – as it prepares a fleet of econ-friendly automobiles that should be ready for action in the decade to come. The new vehicle line would showcase cars capable of running on electric, […]
Archives for November 2007
November 2007 - Page 3 of 13 - Money Morning - Only the News You Can Profit From
Three Ways to Profit Safely and Avoid the Money Market Fund Meltdown
By Martin Hutchinson Contributing Editor Last week, a $5 billion money market fund run by General Electric Co. (GE), the GEAM Cash Trust Enhanced Trust, offered its non-GE investors a new price of 96 cents on the dollar – and encouraged them to cash out. This should have been bigger news than it was [Although […]
The Iron Giant That Could Challenge the Chinese Mega-Market
By Jason Simpkins Associate Editor With its landmark bid for fellow mining giant Rio Tinto PLC (RTP), BHP Billiton Ltd. (BHP) has made it clear it won't sit still and watch the surging global commodities boom from the sideline. Instead, the Australia-based BHP intends to transform itself into a mega-giant that can stand toe-to-toe with […]
Virgin Group Wins Government Approval to Buy Northern Rock; Some Shareholders Peeved
By Mike Caggeso Associate Editor Virgin Group Ltd., and a team of investors, have won British government approval to buy troubled lender Northern Rock PLC (PINK: NHRKF), sending the embattled bank's U.K.-listed shares up more than 28% in trading yesterday (Monday). In a statement released by Northern Rock, Virgin's proposal will immediately repay $22.7 billion […]
Algeria Awards $4.1 Billion Worth of Power Plant Contracts; General Electric Part of $2.15 Billion Deal
By Mike Caggeso Associate Editor Algeria kicked off the season of giving before the holidays when the company announced it awarded $4.1 billion in power-plant construction projects to several companies – including a $2.15 billion deal to U.S. industrial giant General Electric Co. (GE) and a $1.98 billion deal to France-based Alstom S.A. – Reuters […]
Black Friday Has Retailers Dreaming of a Green Christmas
By William Patalon III Managing Editor Money Morning/The Money Map Report We warned you not to believe the gloom-and-doomers. Retailers opened their doors early [a Kohl's store near my home north of Baltimore opened its doors at 4 a.m.; another chain hosted a "Midnight Madness" sale], promoted their top toys and electronic gadgets, and discounted […]
Global Growth Fuels Japanese Exports Despite a U.S. Pullback
By Jason Simpkins Associate Editor Japan's yen-denominated trade surplus grew a whopping 66.1% in the month of October, the third-straight monthly increase and a jump that helped continue to fuel economic growth in that country's domestic market, that nation's Finance Ministry said last week. However, Japan's progress could be jeopardized if conditions in the U.S. […]
Dubai Ports World's Record IPO
From Staff Reports Dubai's ambitions to become the leading financial hub of the Middle East got yet another lift last week when the initial public offering of Dubai Ports World raised nearly $5 billion, making it the biggest IPO ever in the region. Strong demand for the port operator's shares – priced at the top […]
Boeing and Vietnam have the Billion Dollar Deal
By William Patalon III Managing Editor Money Morning/The Money Map Report The Boeing Co. (BA) has completed deals to sell 12 of its new Dreamliner jetliners to both Vietnam Airlines and to a new Vietnamese leasing company as that Asian country's flagship air carrier moves to end its airliner shortage. Based on published list prices […]
Goldman Sachs Plugs Into India Power-Trading Deal
By William Patalon III Managing Editor Money Morning/The Money Map Report India's finance ministry said it has approved foreign direct investment proposals to allow the U.S.-based Goldman Sachs Group Inc. (GS) and Australia's Macquarie Group Ltd. to invest $39.344 million (1.56 billion rupees) for as much as 40% in PTC India Financial Services Ltd., a […]