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. Nasdaq Up for 11th Straight Day; Military Boosts Boeing’s Profit; Dollar Brings Down Pfizer’s Bottom Line; Eddie Bauer Saved by Suitor in $286 Million Deal; SEC to Restrict Pay-to-Play at […]
Archives for July 2009
July 2009 - Page 4 of 11 - Money Morning - Only the News You Can Profit From
Investment News Briefs
iPhones Carry Apple Past Wall Street Estimates; Coca-Cola Beats Estimates of Overseas Sales; CIT May Still Face Bankruptcy; TARP Czar Calls for Transparency; Caterpillar Stock Jumps on Brighter Outlook; BlackRock Beats Estimates, State Street Falls Short; Merck Considering Partner For Schering-Plough Consumer Health Operations; Yahoo Sales Down, Profit Up The introduction of the new iPhone […]
Airbus Deal Shows Investors That China Profits Are Cleared For Takeoff
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Individual investors who still hold any doubts about Mainland China's future growth potential should take a long hard look at Airbus SAS, the Pan-European commercial airliner maker that is now building airplanes in that country. When Airbus recently announced the delivery of its first China-built […]
Economic Outlook Improves, But Unemployment and a Possible Jobless Recovery Remain Wild Cards, Bernanke Warns
By Bob Blandeburgo Associate Editor Money Morning The worst post-Depression economic decline seems to have slowed, but unemployment and the prospect of a jobless recovery remain a concern, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Capitol Hill yesterday (Tuesday). "Better conditions in financial markets have been accompanied by some improvement in economic prospects," […]
China Tightens Grip on Africa's Energy Resources with Stake in Offshore Field
By Jason Simpkins Managing Editor Money Morning CNOOC Ltd. (NYSE ADR: CEO) and Sinopec Corp. (NYSE ADR: SHI) have agreed to buy a 20% stake in an oil field off the shore of Angola for $1.3 billion, illustrating China's persistent attempts to acquire resources for its economic expansion at a time of weakness for many […]
Choosing Sides in the Fight for the Federal Reserve: Whom Should Wise Investors Align With?
By Martin Hutchinson Contributing Editor Money Morning A debate over the future of the U.S. Federal Reserve is taking place in the halls of Congress. On one side is U.S. President Barack Obama and his plan to expand the authority of the Federal Reserve. In addition to its current powers, Obama plans to give the […]
Obama's Healthcare Plan: A Prescription for Disaster
By Peter D. SchiffGuest Columnist Money Morning The healthcare bill unveiled last week by the U.S. House of Representatives (with the full support of the Obama administration) is one of the worst pieces of legislation ever drafted. If passed, President Obama's healthcare plan will reduce the quality and increase the cost of healthcare in America. […]
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. TARP May Cost Taxpayers $23.7 Trillion; Economists: Recession Not Over Yet; GM Gets 3 Bids for Opel; Defaults on Commercial Real Estate Hit 20-year High; Drug Company's Stock Rises 276.81% […]
Microsoft, Yahoo May Finally Come to Terms
By Bob Blandeburgo Associated Editor Money Morning While its attempt to take over Yahoo Inc. (Nasdaq: YHOO) failed last year, Microsoft Corp. (Nasdaq: MSFT) is reportedly back in talks with the search engine company and a deal could be announced later this week. Executives from the Redmond, Wash. Microsoft traveled to Silicon Valley late last […]
Bondholders to Bail Out CIT
By Bob Blandeburgo Associate Editor Money Morning CIT Group Inc. (NYSE: CIT) appears to have struck a $3 billion financing deal with bondholders late Sunday night, rescuing it from the brink of bankruptcy after last week failing to obtain additional bailout money from the U.S. government. CIT will be charged a high interest rate in […]