By Mike Caggeso Associate Editor Wasting no time with China's government-executed telecom restructuring, telecommunications giant China Unicom Ltd. (ADR: CHU) agreed to sell the smaller of its two wireless networks to fixed-line titan China Telecom Corp. Ltd. (ADR: CHA) for nearly $16 billion. Unicom will also pay $24 billion to take over fixed-line operator China […]
Archives for June 2008
June 2008 - Page 13 of 13 - Money Morning - Only the News You Can Profit From
As Gas Prices Escalate, Worries About a Recession Turn Into Fears of Inflation
By William Patalon III Executive Editor Money Morning/The Money Map Report As the post-Memorial Day hangover lingers, and $4 per gallon gasoline becomes a national reality, expect more and more daily energy prognostications. Goldman Sachs Group Inc. (GS) already is on record for $200-a-barrel oil. As you all know, our own Keith Fitz-Gerald – Money […]
Popular Stock Indicator Tells Investors to Hit the BRICs
By Jennifer Yousfi Managing Editor Global investors seeking undervalued markets might want to look at Russia, China, India, Malaysia, South Korea or Brazil. And if they want to avoid overvalued markets, they'd be best to eschew Italy, the United States, Japan, Canada, Switzerland, or Germany. What's tipping us off? The so-called Price/Earnings-to- Growth ratio, better […]
Investing View: Why Small Contracts Can Lead to Big Profits During Turbulent Times
There's an old adage in business that big contracts command big headlines. But bigger isn't always better. All too often, companies that focus only on big contracts discover there are very lean stretches between contract awards. And that affects the predictability of their earnings. That's why here at Money Morning we're more interested incompanies that […]
Canada's Negative GDP in the 1Q Doesn't Spell Disaster
By Mike Caggeso Associate Editor Canada's gross domestic product (GDP) shrank 0.1% in the first quarter (or 0.3% annualized), marking the country's first decline since the second quarter of 2003. Declining exports are chiefly to blame, as spending power in the United States – Canada's chief trading partner – has significantly contracted since the onset […]
Weak Consumer Spending, Record-Low Consumer Confidence Spell Bad News for the U.S. Economy
By Jennifer YousfiManaging Editor Consumer spending – the driving force behind the U.S. economy – slowed in April. Soaring prices wiped out any benefit from the scant 0.2% increase in consumer spending in April, the Commerce Department announced. After adjustment for inflation, consumer spending was flat at 0.0%. "Consumers are still spending, but just enough […]
Calpine Rejects NRG Takeover Bid
By Jennifer YousfiManaging Editor A merger that would have united the two largest U.S. independent power producers has hit a roadblock. Calpine Corp. (CPN) has rejected NRG Energy Inc.'s (NRG) initial offer, saying the 0.534 shares for each share of Calpine's approximately 500 million shares outstanding is inadequate. Story continues below… "I don't think anyone […]