By Mike Caggeso Associate Editor After months of tumultuous shareholder temperament, Yahoo! Inc. (YHOO) is giving its board and product line a makeover to convince traders of its value after turning down Microsoft Corp's (MSFT) $47.5 billion offer, according to reports. President Susan Decker is pushing a plan to roll several product groups under one […]
Archives for June 2008
June 2008 - Page 5 of 13 - Money Morning - Only the News You Can Profit From
Election 2008: Why Poor Presidential Approval Ratings Make For Great Stock Markets
By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report No question, President George Bush's approval ratings have pulled an "Enron." A recent Associated Press-Ipsos poll conducted June 12-16 showed only 29% of the public gave Bush a favorable rating. It's the least favorable approval rating for a U.S. president since Jimmy Carter's approval rating dropped to […]
Multinational Corporations Step up the Search for the “Next China”
By Jason SimpkinsAssociate Editor As far as foreign direct investment in Asia is concerned, China is still the undisputed leader, drawing approximately $42.78 billion in just the first five months of the year, an increase of 55% from the same period a year ago. But China is coping with a number of growing pains that […]
Global Investing Roundups
Circuit City Falls, Cuts Dividend; Mitsubishi Working on Plug-In Line; Continental and United Buddy Up; Western Oil Back in Iraq; Citi CFO Sees More Trouble; Bear Stearns Execs Arrested; Transocean and BP Extend Drilling Contract; Bank of America to Takeover Countrywide by July In reporting a $164.8 million loss (or $1 per share), electronics retailer […]
Financial Fears Sweep the Globe After RBS Predicts Worldwide Stock-Market Crash
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report As rocky as the global markets have been, the worst is yet to come, the Royal Bank of Scotland Group PLC (ADR: RBS) warns. RBS analysts have warned clients to brace for a full-blown crash in the global stock-and-bond markets over the next three months as […]
Oil Drops as China Ratchets Up Fuel Costs
By Jennifer YousfiManaging Editor Oil futures fell yesterday (Thursday) on news that China plans to sharply reduce fuel subsidies starting today, which is expected to have an effect on demand. "The announcement of the Chinese fuel price increase sent the market sharply lower," Michael Fitzpatrick, vice president for energy risk management at MF Global Ltd. […]
Can Inflation Save Canada From Recession?
By Mike Caggeso Associate Editor Canada's consumer price inflation rose 2.2% year-over-year in May, edging ahead as the Bank of Canada signaled it would last week. The spike suggests Canada's economy of is also sputtering alongside that of the United States, but soaring commodities costs just may help our northern neighbor skirt recession. Inflation is […]
Election 2008: The Achilles' Heel of Obamanomics
By Martin HutchinsonContributing Editor Presidential hopeful, Barack Obama, recently told The Wall Street Journal that he intended to lift the United States out of recession through a burst of government spending on infrastructure and a venture capital fund for the new energy sector. Obama has made few economic mistakes in his campaign – he avoided […]
High Yields Raise Red Flags for Bank Stocks
By Jennifer YousfiManaging Editor Fifth Third Bancorp (FITB) just became the latest in a string of hard-hit financial firms to slash its dividend to preserve much-needed cash. Yesterday (Wednesday),the Ohio-based regional bank slashed its dividend to 15 cents down from 44 cents, becoming the 17th company to reduce or eliminate its dividend completely this year, […]
Global Investing Roundups
Mexico Freezes Food Prices; FedEx Doesn't Deliver Earnings, Dow Drops Below 12,000; Bear Stearns Execs to be Indicted; Somanetics Reports Healthy Profit; LinkedIn's Loot; More Cut-Backs for Delta; Gas Guzzler Price Decline Mexican President Felipe Calderon announced yesterday (Wednesday) that the government will freeze the prices of more than 150 basic foods, a bid to […]