Archives for January 2008

January 2008 - Page 6 of 15 - Money Morning - Only the News You Can Profit From

Money Morning's Three-Minute Review: How Last Week's Events Will Shape This Week's Action

By William Patalon III Executive Editor Money Morning/The Money Map Report Another day, another write-down – and another cash infusion from a foreign government. Investors awoke each morning last week – expecting a new day – only to seemingly relive the same events over and over again. Financial institutions post big losses. Federal Reserve Chairman […]

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Air France-KLM Pins Hopes on Northwest Merger

By Jennifer Yousfi Managing Editor Air France-KLM (AKH) is taking a unique interest in Delta Air Lines, Inc.'s (DAL) merger talks with Northwest Airlines Corp. (NWA) and UAL Corp.'s  (UAUA) United Airlines. Air France-KLM, itself a product of a major airline merger, is one of Delta's primary European partners under the SkyTeam Airline Alliance.  Northwest […]

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Foreign Growth Boosts GE's 2007 Earnings

By Mike Caggeso Associate Editor For the first time, overseas growth and revenue compromised more than half of General Electric Co. (GE) fourth-quarter earnings. The company reported earnings of $6.8 billion, up 15% from earnings the previous year, and earnings per share (EPS) growth of 68 cents, up 17%. For fiscal 2007, earnings were $22.5 […]

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Carlsberg and Heineken Close in on Scottish & Newcastle

Jason Simpkins Associate Editor Carlsberg A/S and Heineken N.V. (HINKY) have upped their offer to buy Scottish & Newcastle PLC for a fourth time, with the hopes of finally winning the company over. Carlsberg and Heineken have raised their offer to $15.2 billion after being repeatedly turned away. The previous offer was $14.8 billion. Scottish […]

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Lending Dries Up in Iran

By Jason Simpkins Associate Editor Various industries in Iran are beginning to feel the pinch as bankers around the world have cut back lending to satisfy the U.S. government's demands. U.S. efforts to halt Iran's uranium enrichment program stalled in the United Nations, thwarted by Russia and China. But U.S. Treasury officials Stuart Levey and […]

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Sprint's Stock Drops on Lost Subscribers

From Staff Reports Shares of Sprint Nextel Corp. (S) suffered the worst decline in 25 years after the third-largest mobile phone company issued a report saying it lost 1.2 million subscribers in 2007 and planned to lay off 4,000 workers.  Sprint is eliminating almost 20% of its retail locations, as the company is still struggling […]

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The Politics of the "Two Chinas"

By Martin Hutchinson Contributing Editor In 1949, just a few short years after the end of World War II, the armies of Chinese revolutionary leader Mao Zedong moved into Shanghai and the existing Chinese government under Chiang Kai-shek decamped to Taiwan. Under Zedong, China pursued hardline Communism for the next 30 years, with limited liberalization […]

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Mining Companies Stock Up On Iron Ore Assets

By Jason Simpkins Associate Editor As BHP Billiton (BHP) continues its pursuit of the white whale known as Rio Tinto PLC (RTP), the world's second largest miner is expanding its own iron ore operations to better accommodate the rapid industrial growth of China and India. With demand booming and prices soaring, iron ore has become […]

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Four Ways to Profit From the "Other China"

By Martin Hutchinson Contributing Editor China's Shanghai SSE Composite Index soared 97% in 2007, and is trading at 30 times earnings. Taiwan's TSEC Taiwan 50 Index was up 7% in 2007, and is trading at 13 times earnings. Yet the Kuomintang victory in Taiwan's just-completed legislative election yet again demonstrates an important truth: Taiwan is […]

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