May 2009 - Money Morning - Only the News You Can Profit From

Japan Manufacturing Shows Signs of Recovery, but Economy Still Plagued by Unemployment

By Jason SimpkinsManaging EditorMoney Morning Japanese factory production jumped significantly in April and inventories fell, an indication that the nation's manufacturers are beginning to recover. However, soaring unemployment and slumping consumer spending have tempered optimism about Japan's economy. Factory output rose 5.2% from March, the biggest jump since 1953.  April marked the second consecutive month […]

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Despite the Recession, the U.S. Pet Care Industry is Staying Out of the Dog House

By Jason SimpkinsManaging EditorMoney Morning During a recession, investors typically look to consumer staples, such as food, medical care and utilities. But one of the most overlooked, recession-resistant industries is the pet care industry, where sales of food and medication have helped a handful of companies turn a sizeable profit. About 63% of U.S. households […]

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Investment News Briefs

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Time Warner Spinning Off AOL; Costco Misses Earnings; Posco Agrees to 33% Iron Ore Price Cut; Two Auto Parts Makers File Bankruptcy; Microsoft Launches New Search Engine; Geithner Will Prod […]

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Investment News Briefs

With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Existing Home Sales Up 2.9%; Malaysia's Economy Shrinks 6.2%; Staples Beats Estimates; U.K. Millionaires Halved by Financial Crisis; Treasury Yield Spread Hits Record High; Intel Won't Cut Dividend After Euro […]

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Collapse of Bond Deal Steers GM Toward ‘Imminent’ Bankruptcy Filing and Majority Government Ownership

By Don MillerAssociate EditorMoney Morning The next chapter in the history of General Motors Corp. (NYSE: GM) is likely to be about bankruptcy. And that would leave the U.S. and Canadian governments as company's majority owners. The largest of the U.S. Big Three automakers yesterday (Wednesday) announced that it failed to persuade the required 90% […]

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