South Africa's Naspers Nabs U.K.'s Tradus; Medtronic in China J.V; German Retailer Rings Up Strong Quarter; Deutsche Telekom Dials Hutchinson Whampoa For Venture Naspers Ltd. (NPSNY), the largest media company in Africa, is buying U.K-based Internet auction firm Tradus PLC (TRSPY) for $1.9 billion. It's the latest in a series of acquisitions of European Internet […]
Archives for December 2007
December 2007 - Page 3 of 11 - Money Morning - Only the News You Can Profit From
European Central Bank Pumps $500 Billion into Banking Systems
By Mike Caggeso Associate Editor Seeking to loosen global credit markets, the European Central Bank (ECB) pumped $501.5 billion into banks yesterday (Tuesday), adding liquidity and easing the cost of lending. The rate for two-week loans dropped 50 basis points to 4.45%. That rate had spiked to 5.28% in the past two weeks, as banks […]
Investor Confidence At Lowest Level Since Index Inception
By Jennifer Yousfi Managing Editor The State Street Investor Confidence Index for December 2007, released yesterday (Tuesday), fell 9.9 points from November's reading to reach 65.9 – the lowest level since the index began in 1998. The index is compiled by State Street Global Markets, the investment research and trading arm of State Street Corporation […]
Outlook 2008: Gold Investments Will Continue to Glitter in the New Year
Editor's Note: The First Installment of an Ongoing Series Addressing the Outlook for Investment Opportunities and the Global Economy in 2008. By Mike Caggeso Associate Editor There's no fancy way to say it: Gold investors made a killing in 2007. Year-to-date, gold's spot price is up 25%. For some better perspective, consider the year-to-date gains […]
Lufthansa-JetBlue Deal Typifies Foreign-Investment Deals That Will Accelerate as Greenback Weakens
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Last week's tie-up between Germany's Deutsche Lufthansa AG (DLAKY) and the U.S.-based JetBlue Airways Corp. (JBLU) is yet another example of the kind of foreign investment in prime U.S. assets we've told you to expect and that we see accelerating in 2008. Sadly, many investors […]
BHP Suspends $10 Billion Buyback While Considering Further Takeover Action
By Jason Simpkins Associate Editor BHP Billiton Ltd. (BHP) suspended its $10 billion share buyback plan "until further notice," suggesting the company may not have given up on its plans to acquire rival Rio Tinto PLC (RTP). BHP has been carefully weighing its options ever since Rio rejected an all-share takeover proposal worth about $127 […]
World's Largest Exchange Looks to India
By Jennifer Yousfi Managing Editor CME Group Inc. (CME), owner of the world's largest and most diverse exchange, has turned its eye to India, according to Chief Executive Officer Craig S. Donohue. Speaking last week at the Goldman Sachs Group Inc. (GS) Financial Services CEO Conference in Manhattan, Donohue said, "We are very much looking […]
Gray Skies Are Going to Clear Up: Profiting From China's Green-Tech Movement
By Jason Simpkins Associate Editor Money isn't the only thing flowing through China right now. Pollution has filled the streets, contaminated the rivers and clouded the skies. Half of China's population – 600 people to 700 million people – drinks water contaminated by human and animal waste. In fact, 1 billion tons of untreated sewage […]
Ingersoll-Rand to Buy Trane in Largest Corporate Buyout in Recent Months
By Jennifer Yousfi Managing Editor Ingersoll-Rand Company Limited (IR) announced yesterday (Monday), a plan to purchase Trane Inc. (TT) for just over $10 billion. Ingersoll will acquire all of Trane's 200 million outstanding shares of common stock. Existing shareholders will receive a combination of $36.50 in cash and 0.23 Ingersoll-Rand shares of common stock per […]
Global Investing Roundup
Related Garners $1.4 Billion Cash Infusion; Australian Property Trust Suspends Dividend and Slashes Estimates; eFuture Caps Big Third Quarter; Competition for Alitalia Comes Down to the Wire Related Companies, a real estate development company, announced on Monday that it had received a $1.4 billion cash infusion from a consortium of investors. Goldman Sachs Group Inc. […]