By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Judging from recent reports that JP Morgan Chase & Co. (JPM) Chief Executive Jamie Dimon and Citigroup Inc. (C) board member Robert W. Rubin will forgo bonuses this year, it appears that at least some U.S. executives are starting to change their habits, as we’ve […]
Archives for December 2008
December 2008 - Page 3 of 11 - Money Morning - Only the News You Can Profit From
Banks That Got $188 Billion in Bailout Money This Year Paid Out $1.6 Billion to Top Execs Last Year
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report The 116 banks that are receiving billions in taxpayer-provided bailout money this year actually paid out $1.6 billion in compensation and benefits to their top executives last year – even though the results at some of these institutions were so poor that they would soon have […]
Global Investing Roundups
Kenya Growth Stalls Quickly; Caterpillar Cuts Pay and Jobs; Wal-Mart Offers $2.66 Billion for Chile’s Biggest Grocer; Walgreen Falls Short, Cuts Opening Plans; Palm Gets $100 Million Injection; JPMorgan Buys UBS Assets; Oil Falls 6% Kenya’s economy grew 2.1% in the third quarter, down significantly from the 6.3% gross domestic product growth it posted a […]
Toyota's First Operating Loss Since 1938 Spells Trouble for Japanese Economy
By Don Miller Contributing Writer Money Morning Joining a chorus of ailing U.S. automakers, Toyota Motor Co. (TM) yesterday (Monday) forecast its first operating loss in 71 years on plummeting demand and sharp appreciation of the Japanese yen. The announcement prompted Moody’s Investors Service to consider downgrading the company’s top-rated credit. But the news may […]
Bank of China Tries to Spur Economy with Fifth Rate Cut in Three Months
By Mike Caggeso Associate Editor Money Morning The People's Bank of China continued nipping away at its one-year lending rate, cutting off 0.27 percentage points to 5.31%, its fifth rate cut in three months. China also lowered its deposit rate by the same amount and reduced the proportion of deposits lenders have to hold as […]
AIG Looking to Divest Division
Money Morning Staff Reports Embattled U.S. insurer American International Group Inc (AIG) is looking to sell its Hartford Steam Boiler Inspection and Insurance Co. unit to Germany's Munich Re Group AG, the world's second-largest reinsurance company, a source familiar with the negotiations told Reuters yesterday (Sunday). The unit could fetch between $700 million and $1 […]
Panasonic Offers $9 Billion for Controlling Stake in Sanyo
By Mike Caggeso Associate Editor Money Morning Panasonic Corp. (ADR:PC) said Friday that it will spend up to $9 billion to acquire majority stake in rival Sanyo Electric Co. Ltd. (OTC:SANYY). The merger would create Japan’s second-largest electronics manufacturer behind Hitatchi Ltd. (ADR:HIT), as Panasonic is the world’s No. 1 plasma TV maker and Sanyo […]
Hot Stocks: Fast Food Restaurateur Yum! Brands Making China its Main Course
By Mike Caggeso Associate Editor Money Morning Yum! Brands Inc. (YUM) expects another year of double-digit profit growth. For nearly everyone else, 2009 won’t be just “another year.” Nearly every economist expects the first half of the New Year to bring more of the same, a deepening global financial crisis that’ll throw an even bigger, […]
If Holiday Retail Stats Don't Have Economists Saying "Humbug," Tuesday's GDP Report Certainly Will
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report If it’s good enough for Wal-Mart… Looks like the discounting model pioneered by Wal-Mart Stores Inc. (WMT), the Bentonville, Ark.-based retailing giant, will make its way to some rather unlikely high-end retailers: Barney’s New York Inc. and Neiman Marcus Inc. have announced significant price reductions (up […]
The Two Most Profitable Oil Plays in the World...
Two companies are dwarfing "big oil" in profit margins and reserves. They're about to hand investors a double in the short run…
No one knows if the price of oil will continue breaking records – but one thing is certain:
The biggest oil companies are hardly the best oil investments.