Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.


Cash in on This "Invisible" $33 Billion Business

U.S. defense contractors don’t make a habit of sending “thank you” letters to America’s enemies.

But if they did, the corporate leaders at The Boeing Co. (NYSE: BA) might want to look up Vladimir Putin‘s address – before running to the Hallmark store.

Full Story

June 2008 - Page 2 of 13 - Money Morning - Only the News You Can Profit From- Money Morning - Only the News You Can Profit From.

  • E.U. Stocks Slide as ECB Gears Up to Fight Inflation with Higher Rates

    By Jennifer Yousfi Managing Editor European stocks were gutted yesterday (Thursday) as banks took heavy losses in the face of more hawkish inflation comments from European Central Bank (ECB) President Jean-Claude Trichet that put pressure on already struggling financials. The Dow Jones Stoxx 600 closed down 2.6% to 288.48, the worst finish for the Eurozone […]

  • Global Investing Roundups

    Report: Toyota Plunking $1 Billion on Brazil Plant; India Housing Boom Ending; GDP Revised Up; Home Sales Rise, Values Fall; Anheuser Busch to Reject InBev Bid; Bank of America Sheds Jobs; Gold Shares Glow; Oshkosh Plunges on Lowered Outlook Toyota Motor Corp. (ADR: TM) plans to drop more than $1 billion on a new factory […]

  • Oil Hits $140 on Depleted Dollar and Supply Concerns

    By Jason Simpkins Associate Editor Oil and gold each experienced a fresh resurgence yesterday (Thursday) – with crude achieving a new trading record – after the dollar weakened in response to the policy decisions by central banks around the world, and the Organization of Petroleum Exporting Countries' president said oil may reach $170 by the […]

  • Goldman’s Crystal Ball: Citigroup, Merrill are in Serious 2Q Trouble

    By Mike Caggeso Associate Editor Citigroup Inc. (C) – the U.S. financial titan still reeling from the subprime fallout – was the target of another downgrade, as Goldman Sachs Group Inc. (GS) analyst William Tanona said the bank may suffer $8.9 billion of second-quarter write-downs and be forced to cut its dividend again. Tanona downgraded […]

  • Global Investing Roundups

    New Home Sales Plummet; Mexico Staves off U.S. Slowdown; Monsanto Reaps Big Rewards; MasterCard Pays AmEx $1.8 Billion; Buffett Concerned About Stagflation; Reduced Damages for Exxon; Nike Strong in Asia; More Cuts for Penney's    As the Federal Reserve pondered interest rates yesterday, the Commerce Department released data showing that sales of new single-family homes […]

  • Fed Holds Rates Steady in Face of Upside Inflation Risk

    By Jennifer Yousfi Managing Editor Citing the risk of high inflation, the U.S. Federal Reserve voted to hold the Federal Funds rate steady at 2.0% yesterday (Wednesday). "Although downside risks to growth remain, they appear to have diminished somewhat, and the upside risks to inflation and inflation expectations have increased," the accompanying Federal Open Market […]

  • Godzilla-Sized Meals Could Lead to "Super-Sized" Profits

    By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Japanese companies and local governments must now measure the waistlines of all employees and family members over the age of 40. According to this new health-care initiative – which started this week – men whose girth exceeds 33.5 inches and women whose waistlines exceed 35.5 […]

  • Declining Russian Oil Production Could Lead to $200 Oil and "Global Recession," Says Deutsche Bank

    By Jennifer Yousfi Managing Editor Higher oil could lead to a worldwide economic collapse, according to a top analyst at Germany's largest bank. "Two-hundred dollar oil would break the back of the global economy," Adam Sieminski, chief energy economist at Deutsche Bank AG (DB), told Bloomberg News in an interview yesterday (Wednesday) in Tokyo. "Next […]

  • Rio Strikes While the Iron is Hot, but BHP Holds Out for More

    By Jason SimpkinsAssociate Editor Steelmakers throughout Asia cringed earlier this week when they heard the news that Aussie mining giant Rio Tinto PLC (ADR: RTP) had secured a 97% price increase for its iron-ore. But getting Rio out of the way was only half the battle, because now steelmakers are forced to confront BHP Billiton […]

  • Foreign Banks, Sovereign Wealth Funds Help Barclays Raise $8.9 Billion

    By Mike Caggeso Associate Editor Starving for capital and hell-bent on retaining its handsome dividend, Barclays PLC (ADR: BCS) plans to raise $8.9 billion (4.5 billion pounds) by selling shares to investment banks and sovereign wealth funds around the world. As much as 1.58 million shares will be sold to existing investors China Investment Bank […]