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

Bargain Hunters Turn Out for Black Friday

More shoppers turned out for the Black Friday weekend this year, but they spent less per capita and favored lower-priced items, according to a survey by the National Retail Foundation. The survey showed that about 195 million consumers shopped stores and Web sites, up about 13% from the 172 million who ventured out last year.  […]

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Is Government Debt the Next Crisis to Strike?

While American investors were busy enjoying their Thanksgiving dinners, global markets were shaken by word that Dubai asked for a payment holiday on the $59 billion it owes via its investment vehicle, Dubai World. The move, which comes as oversized bets on Persian Gulf real estate sour, was considered a default by the major rating […]

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Unemployment Monkey Loosens Grip On Economy's Back

Is the dark cloud of joblessness finally starting to dissipate? Key indicators suggest it is, and while this will be a slow-moving dissipation, top economists as well as the U.S. Federal Reserve now say the picture for the coming months looks a little less bleak. Unemployment, considered to be one of the darkest spots of […]

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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. GM May Keep Saab After Deal Falls Apart; Third Quarter GDP Revised Down; Home Prices Rise for Fourth Straight Month; European Commission Drops Qualcomm Antitrust Inquiry; Fitch Downgrades Mexico; Bank […]

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As Bank Failures Grow, FDIC Options Narrow

The Federal Deposit Insurance Corp. (FDIC) will likely have tap its credit line with the U.S. Treasury or impose more special premiums on banks, to ensure U.S. banks are fully supported.

While FDIC-insured banks reported a net income of $2.8 billion in the third quarter, bank lending fell by 2.8%, the most since records were first kept in 1984 and the fifth consecutive quarter loan balances declined. The FDIC's Deposit Insurance Fund (DIF) went into the red at the end of September and the bank insurer today (Tuesday) revealed just how steep the loss it was when the quarter ended: $8.2 billion.

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Can U.S. Bank Stocks Double Again in 2010?

[Editor's Note: This report on the U.S. banking sector is the latest installment of our "Outlook 2010" series, which chronicles the global-investing outlook for the New Year.]

In February 2009, I reviewed the operations of the 12 largest U.S. banks, and concluded most of them were sound.

In fact, I told Money Morning readers that the soundest were at that point excellent investment opportunities.

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Investment News Briefs

Existing Home Sales Up 10% in Oct.; IMF: Dollar Not at Risk; Cadbury Stock Gains On Rumors of Competing Bid; Microsoft and News Corp. in Discussing Possible Pact; Tyson Earnings Beats Street; Campbell Soup Raises Forecast; Holiday Shoppers Preparing to Pare Spending; Twitter IPO a Possibility

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