Results for 2008 March
Midday Market Update: Stocks Slightly Up on Last Day of Quarter
By Jennifer Yousfi
Managing Editor
On the final day of the first quarter, stocks headed slightly higher on the back of higher energy prices.
“The worst quarter since the first half of 2002 will be in the books at the close today, and…
Pernod Ricard $8.9 Billion Bid for Vin & Sprit Group Adds Absolut Vokda, Debt
By Mike Caggeso
Associate Editor
France’s Pernod Ricard SA won a highly contested auction to buy V&S Group – makers of Absolut vodka and Cruzan rum – from the Swedish government for $8.9 billion, a stiff premium that doesn’t sit well with…
Don't Let the "Lost Decade" for Stocks Cause You to Lose Your Way
By William Patalon III
Executive Editor
Money Morning/Money Map Report
For years, certain advisors have touted the "buy-and-hold" strategy as the pathway to optimal investment returns. While it’s true that short-term gyrations can lead to temporary investment setbacks, any resulting losses can be…
Don't Be Fooled by a Lull in M&A Activity, More Deals Are on the Way
By Jason Simpkins
Associate Editor
The U.S. buyout market is about to enter a new phase, as corporate takeovers pick up where private-equity firms left off last fall.
The deal-making market is a key to the health of the U.S. stock market. During…
Wall Street Firms Taking Full Advantage of New Access to Fed Discount Window
By Jennifer Yousfi
Managing Editor
Wall Street firms borrowed on average more than $30 billion a day from the U.S. Federal Reserve discount window in the past week.
It has only been two weeks since non-commercial banks, known as primary dealers, were first…
European Antitrust Regulators to Review Nokia's $8.1 Billion Bid for Digital Mapmaker Navteq
By William Patalon III
Executive Editor
Money Morning/The Money Map Report
European Union antitrust regulators have launched an in-depth investigation into Nokia Corp.’s (NOK) proposal to buy U.S. digital mapmaker Navteq Corp. (NAVT), expressing concerns the $8.1 billion deal could stifle competition in…
Beijing's $40 Billion Olympic Investment: How Investors Can Take Home the Gold
By Jason Simpkins
Associate Editor
The 85,000-mile relay that will culminate with the lighting of the Olympic torch got underway March 24. The torch will pass through five continents and 20 countries on its way to the Beijing 2008 Olympic Games. But…
South Korea' C&M Cable Scooped by MBK Partners and Macquarie Group for $2 Billion
By Mike Caggeso
Associate Editor
Private equity firm MBK Partners and Australia’ Macquarie Group have completed a $2 billion joint acquisition of South Korea’ second-largest cable television operator, C&M Co. Ltd.
The companies targeted the TV operator position because of South Korea’…
Brazilian Telecom Giant Could be in the Making
Midday Market Update: Stocks Rally in Early Morning Trading
By Jennifer Yousfi
Managing Editor
Stocks rallied in early morning trading today (Friday), buoyed by renewed confidence in the financial and technology sectors.
At midday, the three major indices had pared some gains, but were still ahead. The blue-chip Dow Jones Industrial…
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