2008 November
Hot Stocks: Citigroup to Buy Back Billions in SIV Assets, May Face Another Write-Down
[“Hot Stocks” is a new Money Morning feature that analyzes the investment outlook of global companies that are in the news. This is the seventh installment of this ongoing investment series.] By William Patalon III Executive Editor Money Morning/The Money Map Report Embattled U.S. banking giant Citigroup Inc. (C) has agreed to buy back $17.4 [...]
China and Peru Sign Free Trade Agreement, Extending Asian Influence in Latin America
By Jason Simpkins Associate Editor Money Morning China and Peru signed a free trade agreement today (Wednesday) that will pave the way for further cooperation between the two countries and broaden China’s influence in Latin America. Chinese President Hu Jintao landed in Peru along with a delegation of nearly 600 business leaders and finance ministers [...]
Consumer Prices Fall Fastest Rate on Record, Raising Deflation Concerns
By Mike Caggeso Associate Editor Money Morning Consumer prices dropped at the fastest rate in its 61 years of record keeping, the Labor Department reported in its October Consumer Price report. Its closely watched Consumer Price Index (CPI) dropped 1% in October, higher than the 0.8% decline forecast. The overall drop was heavily weighted by [...]
Despite the G20's Latest Missteps, Reason for Economic Optimism Remains
By Martin HutchinsonContributing EditorMoney Morning/The Money Map Report The gathering of 20 largest industrial countries in Washington this past weekend – billed as a crucial G20 summit – turned out to be a rather dull scrum. There were promises of a coordinated approach to bank regulation, additional economic stimulus packages, and increased allocations for the [...]
GM, Ford, and Chrysler Chiefs Push for Action in Washington as Congress Debates Another Bailout
By Jason Simpkins Associate Editor Money Morning Executives from Detroit’s “Big Three” auto companies – General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler LLC – yesterday (Tuesday) joined Congressional Democrats on Capitol Hill to make the case for an industry-wide bailout that could spare their troubled companies from totally collapsing. Detroit’s bigwigs have [...]
Global Investing Roundups
HP Beats 4Q Forecasts; Carrefour Milks New CEO From Nestle; InBev Officially Closes Anheuser Buy; Home Depot Beats 3Q Estimate; Gulf Bank Loses $1.4 Billion; Mexican Tycoon Interested in Circuit City; Wholesale Prices Plummet Hewlett-Packard Co. (HPQ), the world’s largest maker of personal computers, offered a preview of its fiscal fourth-quarter profits – reporting that [...]
Yang Steps Down, Yahoo CEO Search Commences
By Mike Caggeso Associate Editor Money Morning Jerry Yang, Yahoo Inc.’s (YHOO) co-founder and chief executive officer, today (Tuesday) stepped down from his post under heavy shareholder pressure. Yang will return to his former role as board member and “Chief Yahoo!” – a non-so-flattering, if not ironic, title considering the heavy criticism he took in [...]
Hot Stocks: Despite Lowered Target, Vale Still Poses Potential 59% Gain, Analyst Says
[“Hot Stocks” is a new Money Morning feature that analyzes the investment outlook of global companies that are in the news. This is the sixth installment of this ongoing investment series.] Money Morning Staff Reports Riddle me this: When is it good news when an analyst slashes his price target for a stock by 55%? [...]
The Five Financial Crisis "Aftershocks" Investors Can Play for Profit
[The first installment in an ongoing occasional news series that looks at the anticipated “aftershocks” of the global financial crisis, in some cases even exploring possible profit opportunities.] By William Patalon III Executive Editor Money Morning/The Money Map Report It used to be that buying a stock was like buying a house. You’d find a [...]
With its Pension Fund Grab, is it 'Déjà Vu All Over Again' For Argentina?
By Jennifer YousfiContributing Writer Money Morning By grabbing $26 billion in private pension money last month, Argentina may have put itself on track for its second debt default in a decade – ironically, the very situation that country’s government had hoped its bit of leisure-fund larceny had hoped to avoid. “The misguided macroeconomic and monetary [...]
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