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

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. Dow Posts 8th Straight Gain; Dell Still Hemorrhaging, But Beats Street; Q2 GDP Revision Unchanged; Weekly Initial Jobless Claims Shrink; GM Board Likes CEO; Microsoft Drops Game Console Prices; Bernanke’s […]

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China Landing Natural Gas Deals as Prices Plummet

With large purchases of iron ore, copper and oil, China has been taking full advantage of depressed commodities prices and excess production capacity. Now, the Red Dragon is making its presence felt in the natural gas market – landing two blockbuster deals in the past two weeks. The first was an unprecedented $41 billion liquefied […]

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FDIC Fund Shrinks as Small Banks Fail at Rapid Pace

A mounting number of small bank failures is putting the squeeze on the Federal Deposit Insurance Corp.’s (FDIC) fund, but a new rule that eases capital requirements for those buying bad debt could open the door for private investors. The balance on the FDIC’s fund that safeguards more than $4.5 trillion in bank deposits dropped […]

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Desperate for Capital, the FDIC Backs Away From Tougher Rules Governing Private Equity Purchases of Failed U.S. Banks

A new Federal Deposit Insurance Corp.  (FDIC) plan to offload busted banks to vulture investors strikes an uneven balance between private equity players and public taxpayers and may inadvertently sow the seeds for another round of bank failures. The FDIC currently insures bank depositors up to $250,000 – up from $100,000 prior to the financial crisis. […]

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China Curbs Bank Lending but Vows to Keep Liquidity High

Beijing continued a delicate balancing act yesterday (Wednesday), vowing to keep stoking its economy with funding from its $787 billion stimulus program even as it implements new controls on bank lending. After spending three days visiting the restive eastern province of Zhejiang, Premier Wen Jiabao argued for maintaining the loose economic policies implemented under the […]

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