February 2008 - Money Morning - Only the News You Can Profit From

Global Investing Roundups

$300 Million Troubles for Thornburg; Brazil's Tele Norte Dials Up 49% Profit, China Economy to Slow; EOG Boosts Outlook; Cost Conscious Consumers Shun Premium Cocktails; Apple Ripens On Increased Demand; Freddie Mac Losses Mount; eBay Settles Suit Shares of Thornburg Mortgage Inc. (TMA) tumbled 15% to close at $9.76 yesterday (Thursday) after a regulatory filing […]

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Slow Growing U.S. GDP Unchanged Sending Markets and Dollar Lower

By Jennifer Yousfi Managing Editor The preliminary gross domestic product (GDP) figure for the fourth quarter of 2007 was 0.6%, unchanged from the advance figure released last month, the Commerce Board announced yesterday (Thursday). Analysts had expected a slight upward revision in GDP to 0.7% and the confirmed lower figure sent markets tumbling.   At […]

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Unauthorized Trades Cost MF Global $141.5 Million

By Jennifer Yousfi Managing Editor Shares of MF Global Ltd. (MF) – the largest broker of exchange-traded futures and options – plunged more than 25% yesterday (Thursday) when it was discovered that a rogue trader had run up $141.5 million in losses. While the amount was nowhere near the $7.2 billion a rogue trader lost […]

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LCD Market Gets Even Hotter as Trade Raids and JV Deals Raise the Stakes

By William Patalon III Executive Editor Money Morning/The Money Map Report Investigators from Japan's Fair Trade Commission raided the offices of Sharp Corp. (OTC: SHCAY) and Hitachi Displays Ltd. yesterday (Thursday), due to suspicions the two were fixing prices of display panels for Nintendo's popular DS portable game machines, The Wall Street Journal reported. In […]

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Sprint Still Paying for Nextel with Huge Loss, Canceled Dividend

By Mike Caggeso Associate Editor Sprint Nextel Corp. (S) posted a $29.45 billion fourth quarter loss, or $10.36 a share, as declining subscribers in an increasingly competitive market took its toll on the third-largest wireless carrier. Sales fell 5.7% to $9.85 billion. Total post-paid subscribed declined 683,000 compared to the 337,000 it lost in the […]

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Midday Market Update: GDP Unchanged Sending Markets Lower

By Jennifer Yousfi Managing Editor The preliminary gross domestic product (GDP) figure for the fourth quarter of 2007 was 0.6%, unchanged from the advance figure, the Commerce Board reported. Analysts had expected a slight upward revision to 0.7% and the lower figure sent markets tumbling.   At noon ET today (Thursday), the three major U.S. […]

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Global Investing Roundups

Brazilian Real Nears 9-Year High, EU Slaps $1.35 Billion Fine on Microsoft; Demand Drops For Durable Goods; Goldman Slashes Stake in Ambac; Business Borrowing Big in Europe; Citi's Pandit Taps New CRO; Hedge Funds Bullish on Merrill; Airline Merger Stalls The Brazilian Real is nearing a nine-year high, boosted by commodity prices rise and the […]

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