By Jason Simpkins And William Patalon III Money Morning Editors In 2002, Monsanto Co. (MON), a large chemical company, was trading at less than $8 per share. It was reeling from a 14% drop in total sales and a 65% drop in the sales of its main product: herbicide. Monsanto's operating income had also dropped […]
Archives for January 2008
January 2008 - Page 13 of 15 - Money Morning - Only the News You Can Profit From
Investment Advisors Angle for Chance to Manage China's $200 Billion Sovereign Wealth Fund
From Staff Reports More than 100 money managers around the world have applied for the opportunity to invest part of China's $200 billion sovereign wealth fund, the China Investment Corp. (CIC), a source close to the selection process told Bloomberg. In December, firms were invited to apply for the chance to manage CIC assets via […]
Stocks Stumble Coming Out of the Gate
By Jennifer Yousfi Managing Editor Stocks were pummeled last week, as the U.S. stock market got off to its worst start memory. Pressured by major recessionary fears, each of the three major indices suffered losses in the first three days of trading in the New Year. The blue-chip Dow Jones Industrial Average Index closed the […]
Buffett's Fourth Quarter Investment Blitz
By Jason Simpkins Associate Editor Warren Buffett, chairman of the renowned Berkshire Hathaway Inc. (BRK.A, BRK.B), was able to sneak a few last minute deals in just before the ball dropped to end 2007. Putting his $45 billion cash reserves to use, Buffett has once again displayed the patience of a polar bear, tempered with […]
Auto Sales Decline for the Year; Ford Posts Double-Digit Drop
By Jennifer Yousfi Managing Editor Automakers are expected to post the worst results in the past nine years as even foreign giants Toyota Motor Corp. (TM), Nissan Motor Co. Ltd. (NSANY) and Honda Motor Co. Ltd. (HMC) are all expected to have declining sales year-over-year for the month of December. And the outlook for 2008 […]
U.K. Prime Minister Acknowledges Tough Year Ahead
By Jennifer Yousfi Managing Editor British Prime Minister Gordon Brown used his New Year's address to offer a painfully honest appraisal of the United Kingdom's economic prospects for 2008. And as a former Chancellor of the Exchequer [equivalent to the United States' Secretary of the Treasury] for 10 years under Tony Blair, Brown knows what […]
Global Investing Roundup
Tata Motors Emerges as Front-Runner for Jaguar and Land Rover; Toyota Supplants Ford as Second-Largest U.S. Auto Seller; KongZhong Mobile Teams With China Sports Industry; Investors Not Buying London Scottish Bank's Assurances Tata Motors Ltd. (TTM), the largest truck maker in India has emerged as the favored bidder for the Jaguar and Land Rover units […]
China's Economy Is 40% Smaller Than Thought - So What!
By Keith Fitz-Gerald Investment Director In a report that is sure to send shivers down the backs of investors who have been blindly pumping money into China-related investments, the World Bank recently stated that China's economy is 40% smaller than previously thought. The report also suggests that China will not become the world's biggest economy […]
Outlook 2008: Alternative Energy Companies Will Power "Green" Profits in the New Year
Editor's Note: This is the Seventh Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008 If "green" investors want to succeed in the New Year, there's really only one thing to remember: In 2008, alternative energy is an alternative no longer. The world's effort to rescue the earth from years of pollution […]
U.S. Phone Giant AT&T Looking to Dial Up Asian Operations With Stake in Malaysian Wireless Unit
By William Patalon III Executive Editor Money Morning/The Money Map Report U.S. telecom giant AT&T Inc. (T), looking to expand its network into the fast-growing markets of the Middle East and Southeast Asia, may buy an unspecified stake in the wireless unit of Telekom Malaysia Berhad (PINK: MYTEF) to help do so. The potential move […]