Tele Norte and Brasil Telecom Takeover Talks Heat Up; Signet Holiday Sales Slump; Tata Launches $2,500 Car; High Ratings Can't Save CanWest Profits Brazilian telephone company Tele Norte Leste Participacoes (TNE), also known as Oi, said that its talks to buy rival Brasil Telecom Participacoes (BRP) have intensified. It was reported Thursday by two Brazilian […]
Archives for January 2008
January 2008 - Page 10 of 15 - Money Morning - Only the News You Can Profit From
Money Morning Investment Director to Lead Two-Week Investor Tour of China
By Mike Caggeso Associate Editor Money Morning Investment Director Keith Fitz-Gerald relies upon a simple-but-powerful mantra: "Go global or go home." To help spread that message, this April, Fitz-Gerald will be leading a two-week investment tour of China. Participants who sign up to accompany the noted Asian-investing expert will head home with cutting-edge insights on […]
Outlook 2008: Lots of Pain But No Gain For Housing Market
Editor's Note: This is the 12th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. By Don Miller Contributing Writer The situation in the U.S. housing market appears to be about as bad as it can get. No one can be sure where or when the bottom will be, but don't bet […]
Four Ways to Profit from China's Poker Face
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report A longtime investor in Japan who is familiar with how closely the companies there work with their government "minders" recently asked me if the same thing was true in China. It's absolutely true, but the level of direction – rather than cooperation – makes Japan […]
Bernanke Says Fed is Ready to Act
By Jennifer Yousfi Managing Editor Addressing the economy for the first time since the Federal Open Market Committee's Dec. 11 meeting, Federal Reserve Chairman Ben S. Bernanke said the Fed was ready to take "substantive additional action" in the face of a weakening economy. "In light of recent changes in the outlook for and the […]
DuPont Cashes In On New Generation of Crops
By Jennifer Yousfi Managing Editor Fueled by a combination of international sales and a growing demand for genetically enhanced agricultural products, Wilmington, Del.-based E.I. du Pont de Nemours & Co., more commonly known as DuPont (DD), has emerged as one of the few bright spots in an otherwise gloomy U.S. stock market. DuPont announced Wednesday […]
Investors Will Benefit From New Plan to Have the United States and China Cooperate in Curbing Oil Speculation
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Here's a headline investors probably never expected to see: The United States and China have agreed to cooperate on the management of the two countries' strategic oil reserves. We don't know whether to find this story – first reported by China's state-run Xinhua News Service […]
Outlook 2008: Seven Ways to Profit From the U.S. Dollar's Doldrums
Editor's Note: This is the 11th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. By Martin Hutchinson Contributing Editor The dollar has dropped a long way since 2002 – by about 45% from its peak against the euro, for example. Yet even though holidays in Paris have been priced out of […]
Global Investing Roundup
MGM and Dubai Plan Share Buyback; Marks and Spencer Suffers Weak Shopping Season; Microsoft Makes Bid For Fast Search and Transfer; Alcoa Trumps 4Q Estimates MGM Mirage (MGM) announced yesterday (Wednesday) that is launching a joint tender offer with Dubai World to repurchase up to 10 million shares of MGM Mirage common stock priced between […]
E*Trade Takes a Step Toward Recovery With Sale of Assets
By Jason Simpkins Associate Editor Beleaguered brokerage firm E*Trade Financial Corp. (ETFC) yesterday (Wednesday) announced the sale of $3 billion in mortgage-backed securities and municipal bonds, losing $5 million but bolstering its finances in the process, the company said in a statement. The news helped E*Trade shares rise 7.1%, bringing them back from the all-time […]