By Jennifer YousfiManaging Editor General Electric Corp. (GE) is strengthening its commitment to clean energy with a $230 million (150 million euros) investment in Spain’s Fotowatio. The investment, made through GE’s Energy Financial Services unit, will amount to a 32% stake in the solar-energy firm. “By facilitating the growth of one of the solar industry's […]
Archives for August 2008
August 2008 - Page 12 of 12 - Money Morning - Only the News You Can Profit From
3Com Sues Bain Capital For $66 Million Failed Takeover
By Staff Reports 3Com Corp. (COMS) is suing Bain Capital Partners LLC over a $66 million termination fee that resulted when the private equity firm and Huawei Technologies Co. backed away from an attempted takeover. In September 2007, China’s No. 1 network-equipment maker and Bain Capital launched a $2.2 billion takeover bid for 3Com. The […]
Special Report: Hit the BRICs for a Global-Investing Double Play
The First of Two Parts. By Martin Hutchinson Contributing Editor If you're a global investor looking for global profits – including one potential way to double your money – you need to "Hit the BRICs." Back in 2003, the Goldman Sachs Group Inc. (GS) – eager to push its clients toward emerging markets investment – […]
Insights on Income: Magnify Your Returns With Investments in Foreign Currencies
By Martin Hutchinson Contributing Editor In a recent column, I suggested that investors seeking income (which means most of us aged 55 or older) could do better in foreign stocks than in domestic shares, especially since options-obsessed corporate managers have slashed U.S. dividend payouts in order to protect their yearly bonuses. In this column we're […]
Global Investing Roundups
Bristol Myers Moves for ImClone; Kodak Earnings Fade; Diana Shipping Doubles Earnings; Crude Stumbles Again; Google to Start VC Fund; Primetime Ad Drama; MasterCard Slumps on Less Spending; S&P Says U.S. Car Companies are “Junk” Bristol-Myers Squibb Co. (BMY) yesterday (Thursday) offered $4.5 billion in cash for biotechnology company ImClone Systems Inc. (IMCL), the Associated […]