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 […]
Archives for August 2009
August 2009 - Page 9 of 9 - Money Morning - Only the News You Can Profit From
Hot Stats: The One Jobless Indicator That Hints at the End of the U.S. Recession
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report The latest unemployment statistics show that the U.S. recession is winding down – or is over altogether. If you had to read that sentence twice to make sure you read it correctly, don't feel bad – you're probably not alone. After all, U.S. unemployment statistics haven't […]
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 […]
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 […]
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 […]
Why the Obama Stimulus Has Us on a Collision Course with Inflation
By William Patalon III Executive Editor Money Morning/Money Map Report Has the massive Obama stimulus plan put us on a collision course with virulent inflation? It sure looks that way. Let me explain … When the U.S. Commerce Department on Friday said the U.S. economy contracted at a 1% annual pace in the second quarter, […]
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 […]
With Its Economy Ignited by Stimulus Spending, China Is Leading the Global Recovery
By Jason Simpkins Managing Editor Money Morning China’s economy grew by 7.9% in the second quarter, exceeding most analysts’ expectations, and lending credence to Beijing’s goal of 8% annual growth. Now, with the nation awash in liquidity and the economy picking up steam, the only task ahead of the central government is deciding when to […]
Buy, Sell or Hold: The Coca-Cola Company (NYSE: KO) Continues to Deliver Knockout Profits
Back on Feb. 17, as the market was on sell-off mode, I recommended buying The Coca-Cola Co. (NYSE: KO). The stock is up some 16% from our entry point. That’s because Coca-Cola recently reported a near-20% jump in profit, which soared to 67 cents a share, excluding restructuring charges. Coca-Cola beat earnings, increased guidance, increased […]