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

Asia's Semiconductor Makers Mirroring Improvement of U.S. Counterparts

Some of Asia's biggest players in the chipmaking business have confirmed what U.S. semiconductor makers have been saying for months: Demand for semiconductors is growing and the future looks bright. South Korea's Samsung Electronics Co. Ltd. (PINK: SSNLF) saw operating profit in its semiconductor business improve by more than 84%, rising to $968.8 million (1.15 […]

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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. U.S. Markets Gain Most in Three Months on GDP Report; Weekly Jobless Claims Fall, But Less Than Expected; Obama Administration Promotes Housing Tax Credit Extension; Exxon Profit Drops 68%; Motorola […]

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U.S. Economic Growth Surprises in the Third Quarter

The Obama administration’s $787 billion stimulus package has yielded results as the U.S. economy grew for the first time since the second quarter of 2008. Gross domestic product (GDP) in the world’s largest economy grew 3.5%, slightly higher than estimates of 79 economists polled by Bloomberg News expecting a growth of 3.2%. U.S. government subsidies […]

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Galleon Paid Bankers Hundreds of Millions for Information

The insider trading scandal surrounding the Galleon hedge fund took a complicated turn yesterday (Thursday) when it was revealed Galleon paid hundreds of millions to Wall Street banks in return for a steady stream of information not available to most investors.  The Financial Times, citing executives familiar with the matter, said Galleon paid about $250 […]

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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. New Home Sales Unexpectedly Collapse; US Airways Lays Off 1,000 Employees; Former AMD Chief Linked to Galleon Insider Trading Case; CIT Lives to Lend Another Day; Durable Goods Orders Up; […]

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Three Ways to Avoid Another Credit-Default-Swap Crisis

Former U.S. Federal Reserve Chairman Paul Volcker and Bank of England (BOE) Governor Mervyn King think that banks that are considered “too big to fail” should be broken up. The House Financial Services Committee is drafting a bill that will make banks pay for other banks’ bankruptcies. Others have suggested reviving the Glass-Steagall Act – […]

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Ford Inches Closer to Volvo Sale, Profitability

By announcing China’s Geely Automobile Holdings (PINK: GELYF) as the preferred bidder for its Volvo unit, Ford Motor Co. (NYSE: F) has passed another recovery milestone. There’s much left to be sorted out in any possible deal, such as intellectual property concerns, but a completed sale of the money-losing Volvo is just one more smudge […]

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