Archives for August 2009

August 2009 - Page 9 of 9 - Money Morning - Only the News You Can Profit From

PepsiCo Brings Bottlers Into Fold in $7.8 Billion Merger

By Bob Blandeburgo Associate Editor Money Morning In what looks to be a windfall for investors, PepsiCo Inc. (NYSE: PEP) yesterday (Tuesday) finally made a takeover offer that The Pepsi Bottling Group Inc. (NYSE: PBG) and PepsiAmericas Inc. (NYSE: PAS) found to be acceptable. Pepsi will merge with the two bottlers for $7.8 billion, representing […]

Read More…

With His Flawed 'Exit Strategy,' Bernanke Has Set the Stage for Stagflation

By Martin Hutchinson Contributing EditorMoney Morning As the U.S. and global economies stabilize, economists wonder how U.S. Federal Reserve Chairman Ben S. Bernanke will manage to reverse all the monetary stimulus that has been infused into the economy over the past year and prevent inflation. My guess is that he won't be able to do […]

Read More…

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. Nasdaq, S&P 500 Pass Key Milestones; BofA Settles with Government Over Merrill Bonuses; U.S. PMI Closer to Growth; Treasuries Fall on Manufacturing, Construction Data; Oil Eclipses $70; Google CEO Resigns […]

Read More…

Senate Debates "Cash for Clunkers" Program After Car Sales Accelerate

By Bob Blandeburgo Associate Editor Money Morning While politicians in Washington continue to debate the merits of the Obama administration's "cash for clunkers" legislation, the Big Three U.S. auto companies are reporting better-than-expected July sales, in part because of the program's success. The program, formally dubbed Car Allowance Rebate System (CARS), began on July 1 […]

Read More…

U.S. GDP Contraction Slows, but the Road to Recovery Will Be Rocky

By Bob Blandeburgo Associate Editor Money Morning While the many of the world’s economies continue to look for signs of growth, the U.S. economy took a big step in the right the direction in the second quarter. U.S. gross domestic product (GDP) shrank 1% in the second quarter, following the first quarter’s 6.4% drop. The […]

Read More…