Archives for January 2008

January 2008 - Page 2 of 15 - Money Morning - Only the News You Can Profit From

Societe Generale's $7.14 Billion Blow Out Won't Be the Last

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report It wasn't quite the Bin Laden trade we wrote about months ago, but at $7.14 billion, it was noteworthy. We're referring, of course, to the trades taken by 31-year old trader Jerome Kerviel, former employee of Societe Generale SA (SCGLY). In recent months, he made […]

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Foreign Markets Slump, But U.S. Markets Gain

By Jennifer Yousfi And Jason Simpkins Money Morning Editors U.S. markets advanced yesterday (Monday), erasing most of Friday's losses, as hopes of another Federal Reserve rate cut buoyed investor optimism and kept the U.S. indices from following the Asian and European markets' lead. Friday saw all three major U.S. indices in the red.  The blue-chip […]

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Global Investing Roundups

CME Bids for NYMEX; Sears Ousts CEO; Record Year for McDonald's; Countrywide CEO Relinquishes Severance; New Home Sales Plummet; Investors Bancorp Gets a Lift From Share Buyback; Citigroup to Team Up with Central China Securities; American Express Hits 4Q Bump CME Group Inc. (CME), the result of a July merger between the Chicago Mercantile Exchange […]

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Takeover Bid For Societe Generale Unlikely

By Jason Simpkins Associate Editor A highly publicized rogue trader scandal has again made Societe Generale (SCGLY) the target of speculation about a possible takeover bid. But that speculation may be premature considering all of the prospective hurdles involved. The collapse of mortgage-backed assets, a depleted U.S. market, and a rogue trader scandal that cost […]

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Yum Brands Adds $1.25 Billion To Stock Buyback

By William Patalon III Executive Editor Money Morning/The Money Map Report Global Titan Yum! Brands Inc. (YUM) will buy back another $1.25 billion of its stock over the next 12 months, the latest part of a $4 billion stock repurchase plan announced last October. Yum Brands operates the Taco Bell, KFC and Pizza Hut casual-dining […]

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How Dividend-Paying Stocks Can Help You Tame the Bear

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Many investors are so scared by the wild gyrations the stock market has seen of late that they've jettisoned everything – including the kitchen sink – in their search for safety. Not only is this a massive mistake from a timing standpoint, it's also a […]

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