By Jason Simpkins Managing Editor Money Morning Three-quarters of the world consists of water, but growing populations, higher living standards, and global climate change have more than a few analysts worried that there still may not be enough to go around. In fact, water shortages are erupting around the world, from San Diego to Riyadh. […]
Archives for April 2009
April 2009 - Page 5 of 11 - Money Morning - Only the News You Can Profit From
Earnings Reports Will Play a Key Role This Week
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report When it comes to the U.S. stock market right now, the story continues to be about earnings. And this week will be no exception. Bank of America Corp. (BAC), which reports today (Monday), remains among the last financials of note that has yet to announce its […]
Permanent Wealth Investment Strategy to be Revealed in Tuesday’s Free Web Summit
By Mike Caggeso Associate Editor Money Morning Over the 25-plus years he spent as an investment banker Martin Hutchinson's wealth-creating investment strategy has never once wavered or changed. Of course the same can't be said of the financial landscape, or the conditions surrounding the everyday investor. But while those changes have been dramatic, and in […]
Cautious Optimism as Citigroup and GE Post Quarterly Profits
By Don MillerAssociate EditorMoney Morning Both Citigroup Inc. (C) and General Electric Co. (GE) released first-quarter earnings reports Friday, posting better-than-expected quarterly profits. But analysts threw up caution flags to investors that might consider wading into either stock. The shares of both companies were hammered when investors headed for the exits as the lockdown in […]
General Growth Files Biggest Real Estate Bankruptcy in U.S. History
By Don MillerAssociate EditorMoney Morning After months of speculation, General Growth Properties Inc. (GGP) filed the biggest real estate bankruptcy in U.S. history, ending a futile seven-month effort to refinance its debt. General Growth filed for Chapter 11 seeking protection from creditors after it amassed $27 billion in debt accumulating over 200 shopping mall properties. […]
Global Investment News Briefs
Sources: GM May Drop Pontiac, GMC Brands; Rosetta Stone IPO Soars; Turkey Benchmark Rate at Record Low; Zurich Financial Buys AIG’s Auto Insurance Unit; NYT Will Cut Content; Canadian Factory Orders Rise; Copper Falls on China GDP; Falling U.S. Homestarts; Bankruptcy “Cram Down” Bill Falters in Senate General Motors Corp. (GM) may drop its Pontiac […]
Hot Stocks: IBM's Diverse Business and Global Presence Should Boost First Quarter Earnings
By Mike Caggeso Associate Editor Money Morning India’s information technology industry is one of the largest operations in the world – employing millions of engineers, technicians and customer service specialists who serve the world’s second-largest population. The industry has enabled socio-economic development, enhanced economic growth and productivity, reduced poverty, and improved standards of living across […]
How to Bank Real Profits by Bucking Wall Street's Latest Fashion Trends
By Martin HutchinsonContributing EditorMoney Morning Investors who trade actively and are closely in touch with the ebb and flow of opinion on Wall Street have one enormous barrier to good investment performance: They will often be seduced by what’s fashionable – whether it be in terms of sectors, countries or individual stocks. But in this […]
JPMorgan Beats First Quarter Estimates, Continues Bank Earnings Rally
By Mike CaggesoAssociate Editor Money Morning JPMorgan Chase & Co (JPM) beat first-quarter estimates, and its Chief Executive said it has the money to repay the $25 billion the bank borrowed from the U.S. government. After dividends, the second-largest U.S. bank reported net income of $1.52 billion, or 40 cents a share, on $25 billion […]
China’s Growth Slows but a Rebound May be on the Way
By Jason SimpkinsManaging EditorMoney Morning China's economy expanded by 6.1% in the first quarter, its slowest pace in at least a decade. But many economists believe this will be the low point for the world's third-largest economy, as signs of recovery are already starting to emerge. A collapse in exports and industrial overcapacity are the […]