March 2008 - Page 5 of 16 - Money Morning - Only the News You Can Profit From

Three Ways to Own Silver Before it Reaches $30

Leprechaun investors found their pot of gold four days before St. Patrick's Day, when gold broke the historic $1,000 an ounce mark. The chief reason for gold's ascent is simple. Gold is a "safe haven." When economic and geopolitical turmoil rears up, investors scurry for gold. And the billions in subprime write-downs and the failing […]

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Could the "Final Four" Be the Final Nail in the U.S. Economy's Coffin?

By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report When you consider everything that American consumers have been through in the past year – the subprime mortgage crisis, the collapse of the housing market, the ensuing global credit crisis, soaring prices for oil, gold and such daily household staples as milk and dairy products – […]

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Russian Steelmaker Severstal Forges Deal for the Historic Sparrows Point Mill Near Baltimore

By William Patalon III Executive Editor Money Morning/The Money Map Report Russian steelmaker OAO Severstal said today (Friday) that it's agreed to acquire ArcelorMittal (MT) SA's historic Sparrows Point steel mill near Baltimore, in an $810 million deal that will expand its U.S. reach. It expects to conclude the all-cash deal in the second quarter. […]

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With Dollar Diving, Morgan Stanley Debuts New India and China Currency ETNs

By Mike Caggeso Associate Editor Last week, Morgan Stanley (MS) began issuing two new exchange-traded notes (ETNs) that give exposure to the Indian Rupee and the Chinese Renminbi. The Market Vectors-Chinese Renminbi/USD ETN (CNY) and Market Vectors-Indian Rupee/USD ETN (INR) will trade on the New York Stock Exchange. Van Eck Global will market the ETNs […]

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CITIC Securities Backs Out on Bear Stearns

By Jennifer YousfiManaging Editor CITIC Securities Company Limited, which recently announced it would not be pursuing its cross-investment strategy with The Bear Stearns Cos. Inc. (BSC), probably feels like it dodged a bullet. The original deal, first mentioned in October 2008, had CITIC, the security firm subsidiary of China's state-controlled CITIC Group, making a $1 […]

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Billionaire Joseph Lewis Maneuvering for a Better Bear Stearns Deal

By Mike Caggeso Associate Editor Down more than $1 billion from his 8.4% stake in crippled financial giant The Bear Stearns Cos. Inc. (BSC), British billionaire Joseph Lewis said he'll try to steer Bear Stearns away from the U.S. Federal Reserve-backed JP Morgan & Chase Co.'s (JPM) acquisition offer of $2 per share. Lewis said […]

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Four Rules That Will Protect Your Wealth and Boost Your Profits Even if We're Battling the British Contagion

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report With the recent market collapse, the subsequent U.S. Federal Reserve-negotiated sale of The Bear Stearns Cos. Inc. (BSC), and a central bank that's socializing trillions of dollars in debt in a misguided attempt to "fix" the credit crisis, many investors are very astutely asking: How […]

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Global Investing Roundups

Wall St. Takes Good Friday Off; Intel Kicks Dividend up 10%; Borders Halts Dividend; Verizon and AT&T Bid Big; Leading Economic Index Lags; Pepsi Juices Russia's Market; Unemployment Gathers Steam; FedEx Fails to Deliver The U.S. markets closed the week yesterday (Thursday) in observance of the Good Friday holiday, today. The blue-chip Dow Jones Industrial […]

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