Archives for March 2008

March 2008 - Page 8 of 16 - Money Morning - Only the News You Can Profit From

Bear Stearns Breakdown the Biggest Factor in Fed’s Decision

By Jason Simpkins Associate Editor Until recently, Chairman Ben S. Bernanke was charged with the unenviable job of balancing the need to sustain economic growth in the face of mounting inflationary pressures. But the developments of this past weekend have drastically altered the economic landscape and recent activity will certainly guide the Federal Open Market […]

Read More…

Financial Confidence Crisis Clutches Markets, Sends Stocks Plummeting

By Jennifer Yousfi Managing Editor Global financial stocks plunged, dragging world markets lower yesterday (Monday) as the collapse and subsequent sale of The Bear Stearns Cos. Inc. (BSC) stoked new fears about the world credit markets. “If you get a crisis of confidence in the wholesale banking space and something the size of Bear Stearns […]

Read More…

Oracle of Omaha Discloses Annual Salary

By Jennifer Yousfi Managing Editor For the 27th year in a row, Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett received an annual salary of $100,000. In addition, Buffett received no bonus or stock options for heading up one of the most successful investment vehicles in the world, as Berkshire Hathaway profit increased 20% in […]

Read More…

Analysts Anticipate an International Intervention to Rescue Falling Dollar

By Jason Simpkins Associate Editor Central banks around the globe could launch an initiative to buoy the dollar, as the greenback’s continued slide seems to warrant foreign intervention. “We’re on intervention watch,” Stephen Jen, head of foreign exchange research at Morgan Stanley (MS), said in an interview with Bloomberg News. “While I don’t think we […]

Read More…

Citigroup’s Shares Are Finally Poised For a Rebound

By William Patalon III Executive Editor Money Morning/The Money Map Report It’s time to take a close look at Citigroup Inc. (C). That’s been the mantra of several commentaries here at Money Morning. But now, Punk, Ziegel & Co. LP analyst Richard X. Bove has made much the same recommendation. As readers know from our […]

Read More…

IMAX Posts Write-Down Induced 4Q Loss; Targets 2008 Infrastructure Growth for the Long-Term

By Mike Caggeso Associate Editor A $4 million write-down bludgeoned fourth-quarter earnings of Canada-based IMAX Corp. (IMAX) – Canada’s large-screen film production company – which posted a net loss of $10.1 million, or 25 cents a share. The write-down was related to old film-based equipment as the company continues its shift into digital-based technology. Excluding […]

Read More…