January 2008 - Page 4 of 15 - Money Morning - Only the News You Can Profit From

Wal-Mart CEO Hints at Selling Hybrids at Stores

By Mike Caggeso Associate Editor The parking lots at Wal-Mart Stores Inc. (WMT) retail locations could get much bigger, as the company is in talks with automakers to sell hybrid and plug-in automobiles, H. Lee Scott, the company's chief executive officer, said to store managers and suppliers Wednesday. "Maybe there isn't room for Wal-Mart in […]

Read More…

Saudi Arabia Contemplates a $6 Billion Sovereign Wealth Fund; Kuwait's Looking to Scoop European Banks

By Mike Caggeso Associate Editor Saudi Arabia, the world's biggest oil exporter, is considering joining its Middle East peers by setting up a sovereign wealth fund (SWF) with an initial investment of about $6 billion, Mohammad al-Jasser, vice governor of Saudi Arabia's central bank, said.  The vice governor didn't reveal many specifics of the plan, […]

Read More…

Three Ways to Profit in the Face of Surging Inflation

By Martin Hutchinson Contributing Editor When he slashed the Federal Funds Rate by three-quarters of a percent in an emergency move Tuesday morning, U.S. Federal Reserve Chairman Ben S. Bernanke said he "expected inflation to moderate in coming quarters." It's quite beyond me why he has such an expectation: Commodity prices have zoomed since he […]

Read More…

Fed Rate Cuts May Bode Well for the Greenback

By Jason Simpkins Associate Editor Just one day after the U.S. Federal Reserve surprised the global securities markets with its biggest rate cut in nearly 25 years, investors questioned whether the central bank action will do further damage to the downtrodden dollar or give the greenback a new lease on life. The answer depends largely […]

Read More…

Global Investing Roundup

Starbucks Dips to $1 Coffee; Toyota May Etch GM in 2007 Sales; L'Oreal Smells a Sweet Deal; Record Oil Fuels ConocoPhillips Earnings; Carrefour Rings Up a Strong 4Q; Red Hot Egypt Economy to Grow; China Allows Banks to Invest in Singapore; eBay CEO Ends 10-Year Reign Faced with increasing competition from McDonald's Corp. (MCD) and […]

Read More…

Dow Gains 300 After 600-Point Swing

From Staff Reports It was another wild day on Wall Street. The Dow Jones Industrial Average followed up Tuesday's manic trading with an equally surprising rebound yesterday (Wednesday). After dropping more than 325 points in morning trading, the 30-stock market bellwether reversed course and posted a gain of nearly 300 points for the day – […]

Read More…

Motorola's Stock Drop on Sharp Fourth-Quarter Declines

By Mike Caggeso Associate Editor Shares of the United State's largest mobile-phone maker, Motorola, Inc. (MOT) dropped $2.31 [18.75%] to $10.01 in trading yesterday (Wednesday) after the company announced fourth-quarter profit was down 84% from sales declines of its phones and handsets. Also in the final three months, sales for the Schaumburg, Ill.-based company dropped […]

Read More…

Middle East ETFs Will be Available "This Year"

By Mike Caggeso Associate Editor Several Middle East markets are expected to launch exchange-traded funds (ETFs) this year, according to a senior official at Morgan Stanley (MS), opening the door to the region's very lucrative, fast-growing economies. "Most exchanges in the region would like ETFs, even Saudi Arabia. The region sees ETFs as an appealing […]

Read More…

Oil Sinks, Gold Rallies

By Jason Simpkins Associate Editor Oil retreated again yesterday (Tuesday) on mounting recession fears while gold bounced back from a three-week low on as the Federal Reserve slashed interest rates by 75 basis points. After falling as low as $86.11 in early morning trading, light sweet crude for February delivery settled at $89.85 a barrel […]

Read More…

© 2014 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com