Archives for January 2008

January 2008 - Money Morning - Only the News You Can Profit From

Boeing Deals With Dreamliner, Announced Fourth-Quarter Results That Exceed Wall Street Estimates

By William Patalon III Executive Editor Money Morning/The Money Map Report Boeing Co. (BA), the world's second-largest maker of commercial jetliners, announced a fourth-quarter profit gain of 4% that eclipsed Wall Street estimates – despite ongoing problems with its next-generation airliner, the 787 Dreamliner. Boeing shares jumped $1.88 each, or 2.32%, to close at $82.84 […]

Read More…

Fed Comes Through with Expected 50 Basis Point Cut, But Markets Still Falter

By Jennifer Yousfi Managing Editor The U.S. Federal Reserve yesterday delivered the half a point interest-rate cut the market was expecting yesterday (Wednesday) – and hinted that more reductions could come – but an afternoon rally was snuffed out by investor fears that economic conditions will continue to worsen and that bond insurers may be […]

Read More…

Global Investing Roundups

EU Brings Fat Up-Front; Citigroup Swaps for Nikko Cordial; Merrill Bails on Future CDOs; Foreign Sales Help Merck; UBS Writes Down $18 Billion in 2007; Honda Profit Rolls Over Expectations; U.S. Employers Add 130,000 Jobs; Google Taps South Korea Market Share In the face of fierce industry pressure from companies such as Nestle SA (PINK:NSRGF), […]

Read More…

India's Strong IT Sector So Far Unaffected by U.S. Turmoil

By Jason Simpkins Associate Editor The U.S. financial services sector has been devastated by the widespread collapse of mortgage-backed assets, but banking, financial, services, and insurance (BFSI) operations in India have been markedly less affected. The BFSI segment has historically been the highest spender on technology and accounts for a substantial portion of revenues generated […]

Read More…

Midday Market Update: GDP Staggers, Investors Wait for Fed

By Jennifer Yousfi Managing Editor Global markets sagged today on weak corporate earnings and subprime concerns, while investors wait for the Federal Reserve's decision later this afternoon (Wednesday). The U.S. markets were down at midday on news that U.S. gross domestic product failed to meet analyst expectations. At noon today, all three major U.S. indices […]

Read More…

Global Investing Roundups

Airlines Lose to High Fuel; Valero Cuts Back as California Goes Green; Sales Slump for Second Largest Railroad; Excel Snaps Up Quintana; Foreclosures Up 75%; Toshiba Profits Despite Flash Drive Drop; NEC Corp. Takes Quarterly Loss; Countrywide's Quicksand Deepens Northwest Airlines Corp. (NWA), JetBlue Airways Corp. (JBLU) and AirTran Holdings Inc. (AAI) released fourth-quarter earnings […]

Read More…