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

The View From China: Despite the Auto Industry's Pedal-to-the-Metal Growth, a Safety Play May Offer the Safest Play

[Editor's Note: Money Morning Investment Director Keith Fitz-Gerald is currently leading an investment trip through China, taking in that country's scenery, as well as its investment opportunities. Here is the first installment of a short series detailing his observations and discoveries.] SHANGHAI, CHINA – Why U.S. automakers can't import smartly designed, well-made little cars that […]

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Global Investing Roundups

Consumer Confidence Hits 5-Year Low; Citi to Offer $3 Billion in Common Stock; Denny’s Satisfied by 1Q Earnings; IBM Bumps Dividend; Merck Drops on FDA Rejection; Airline Shares Take-off; MasterCard’s “Priceless” Quarter; Gildan Shares Sacked for a 30% Loss The Conference Board's consumer confidence index fell to 62.3 in April, a five year low, Bloomberg […]

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Housing Slump Continues

By Jennifer Yousfi Managing Editor Housing prices continue to fall in 20 major metropolitan areas, according to the S&P/Case-Shiller home-price index released yesterday (Tuesday). The index dropped 12.7% in February from a year ago, a bigger drop than was anticipated and the largest decline since the index's inception in 2001. The index has had back-to-back […]

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Global Investing Roundups

Sohu Soars on 156% Jump in Revenue; Price of Crude Can't be Contained; Kerkorian Riding Shotgun at Ford; Verizon Gets a Boost From Wireless Business; Visa Profit Up 28%; BoA to Modify $40 Billion in Loans; Corn Continues to Grow in Price; Questar's Piping Hot Earnings Report   Chinese Internet media company Sohu.com Inc. (SOHU) […]

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Continental Jettisons United, Eos Grounded; Domestic Airline Woes Escalate

By Jennifer YousfiManaging Editor Continental Airlines Inc. (CAL) said it would forgo a merger with UAL Corp.'s (UAUA) United Airlines unit, while all-business-class carrier Eos Airlines Inc. ceased operations after filing for bankruptcy protection – two weekend developments that illustrate the escalating pressures that domestic air carriers continue to face. Continental's management ended months of […]

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