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

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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