By Mike Caggeso Associate Editor India's biggest telecommunications company, state-owned Bharat Sanchar Nigam Ltd., or BSNL, plans to raise $10 billion in an initial public offering (IPO) sometime next year. Such a price tag would make the IPO India's largest ever, even though it would only amount to a 10% divestment of the company, currently […]
Archives for January 2008
January 2008 - Page 9 of 15 - Money Morning - Only the News You Can Profit From
Auto Industry moves to India and China
By Martin Hutchinson Contributing Editor India's Tata Motors Ltd. (TTM) last week unveiled its "one lakh' Tata Nano, an automobile that will sell for one lakh [100,000 rupees], or just over $2,500. That price undercuts Tata's Indian competition by about 30%, and is certain to add to the company's market share even as it causes […]
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 Don't let the stock market get you down. The so-called January Effect – the old adage that the first five trading days of the year usually determine whether or not the markets are headed for positive annual gains – certainly didn't fuel investor optimism. […]
Outlook 2008: Three Ways to Profit From A Takeover Market That's Alive and Well
Editor's Note: This is the 13th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. Elvis might be dead. But the mergers and acquisitions (M&A) boom certainly is not. While it's an admittedly Contrarian stance, I'm convinced the deal-making environment will be even better in 2008 than it was in 2007. That's […]
Going Green & Going Global: The Future of the Automotive Industry
By Jason Simpkins Associate Editor The automotive industry is one of the most competitive in the world. It's so competitive that the Ford Motor Co. (F), founded in 1903 by Henry Ford the legendary pioneer, innovator, and father of the assembly line, has fallen all the way to the third spot in U.S. auto sales. […]
Nuclear Energy Picks Up Momentum in Europe Despite Resistance
By Jason Simpkins Associate Editor The British government has approved the construction of new nuclear power stations, marking a shift occurring throughout the European mainstream that has traditionally been skeptical of atomic energy. According to the Associated Press, Business Secretary John Hutton told Parliament that nuclear power "should have a role to play in this […]
AT&T Shares Drop, But Recession is Not to Blame
By Jennifer Yousfi Managing Editor It's a longtime investing adage that telecom stocks are a good defensive play during a recession. The family telephone is essential, conventional wisdom holds, so consumers will pay their phone bills in good times and bad. But investors got a bit of nasty surprise last week when telecommunications shares saw […]
Gold Glimmers As Inflation Hedge
By Jennifer Yousfi Managing Editor Gold reached a new all-time high on Friday, as prices for an ounce of gold gained $6.50 to $900.10 in early trading for February delivery on the New York Mercantile Exchange. "It's a reflection of market sentiment: Gold is a hedge against uncertainty and right now it's the best bet," […]
Bank of America Will Buy Countrywide for $4 Billion in Stock
By Mike Caggeso Associate Editor Bank of America Corp. (BAC) announced Friday that it will buy troubled mortgage lender Countrywide Financial Corp. (CFC) for $4 billion [about $7.16 a share] – all in stock – a deal that would make the North Carolina-based Bank of America the country's largest mortgage lender and loan provider. The […]
Goldman Sachs Predicts Recession... in Japan
By Mike Caggeso Associate Editor It seems every analyst has chimed in on the possibility of a U.S. recession, but few have talked about the economic woes of the world's second-largest economy – Japan. Until now, that is. Goldman Sachs Group Inc. (GS) has cut it economic growth estimate for Japan's gross domestic product (GDP) […]