By Keith Fitz-GeraldContributing Editor “Will it be enough?” That’s not a question. That’s the question. And it was being asked all around the world, in emergency sessions that started late last week and stretched into the weekend. It was being asked by central bankers in government offices, and by securities traders, hedge-fund managers and corporate […]
Archives for August 2007
August 2007 - Page 9 of 11 - Money Morning - Only the News You Can Profit From
AIG Gets OK to Buy Stake in Bulgarian Telecom Operator
From Staff Reports The European Commission (EC) has given AIG Global Investment Group the green light to acquire 65% of Bulgarian Telecommunications Co. (BTC), the Eastern European country’s largest landline telecommunications operator, for $1.47 billion. AIG Global Investment Group is the private-equity investment arm of American International Group Inc. (NYSE: AIG). The EC ruled that […]
ECB Bails Out Banks; Dow and Other Global Stock Indexes Plummet
By Jason Simpkins The credit mess that started as a slowdown in the U.S. housing industry, and then spread to the sub-prime mortgage market, morphed into a full-blown global credit crisis yesterday (Thursday), forcing the European Central Bank into action. Yesterday’s developments were no surprise to us, for we’ve been saying for months that the […]
Investing With Caution During a Global Financial Crisis
By Martin Hutchinson Chief Global Investing Strategist In the last week, a bank in Germany and another in France got themselves into deep trouble by speculating on the U.S. sub-prime mortgage market. And yesterday (Thursday), the European Central Bank was forced to inject no less than $130 billion into the world monetary system. Stock prices […]
Potential Battery Woes Reportedly Cause Toyota to Delay Hybrids
From Staff Reports Toyota Motor Corp. (NYSE: TM) has delayed the product launch dates of some proposed new high-mileage hybrid cars that will use lithium-ion battery technology. The Wall Street Journal said that major safety concerns relating to the new type of batteries was behind the decision. The decision is a blow to Toyota, whose […]
French Bank Finally Says the Emperor Has No Clothes, Global Stocks Tumble
By Keith Fitz-Gerald Contributing Editor As I stare at my trading screens today, I’m reminded of that Hans Christian Anderson fable in which the Emperor has no clothes. In case you don’t recall that story from your childhood, the “Emperor” walks around naked while all his subjects “admire” his invisible garments. Finally, a young boy […]
Housing Market Remains Rocky, But Some Bright Spots are Visible
By Mike Caggeso Housing market investors take heed: The mortgage meltdown is heading uptown. And that has to be the most disconcerting revelation yet for investors, most of who believed that the downturn would be limited to borrowers with questionable credit histories. It started with a housing slowdown. Then it turned into a mortgage meltdown […]
Cisco Results Point to Continued Online Profit Opportunities
From Staff Reports Projections of continued strong global growth combined with fourth-quarter results that leapfrogged analyst estimates were enough to send the shares of networking giant Cisco Systems Inc. (Nasdaq: CSCO) up nearly 7% yesterday (Wednesday). "We're at the right time with the right products. And the economy, from my perspective, on a global basis […]
Fed Keeps Rates Steady, Market Continues to Fluctuate
By Jason Simpkins Although Federal Reserve policymakers failed to offer any signs of an interest-rate reduction at their meeting Tuesday, investors shrugged off their disappointment and enabled U.S. stocks to rebound from deep losses and finish well into positive territory. Stocks repeated that pattern yesterday (Wednesday), zig-zagging to a triple-digit close. During Tuesday's trading session, […]
The Three Simple Secrets to Global Investing Profits
By William Patalon III Managing Editor "The Prince" has targeted China's booming hotel sector. If you're a confirmed Contrarian, like me, or are merely an avid investor, you already know that I'm talking about Saudi Prince Alwaleed bin Talal Alsaud, the shrewdest and most-successful investor to come out of the Middle East. Prince Alwaleed is […]