From Staff Reports Shares of Chinese search engine Baidu (BIDU) hit a record high yesterday (Monday) after an RBC Capital Markets analyst increased his price target for the stock on expectations for a solid third quarter, according to The Associated Press. In a note to clients Monday, RBC analyst Jordan Rohan raised his price target […]
Archives for September 2007
September 2007 - Page 6 of 12 - Money Morning - Only the News You Can Profit From
CRH eyes possible $4.5 billion buyout of Cemex operations
From Staff Reports Dublin-based CRH PLC (CRH) is eyeing a possible $3.5 billion to $4.5 billion acquisition of Cemex SAB's (CX) concrete plants, cement division and pipe-making unit, the companies announced yesterday (Monday). For CRH, the world's second-biggest maker of building materials, it's all about timing. The majority of the assets that the Monterrey, Mexico-based […]
Nokia buys mobile advertiser Enpocket, T-Mobile buys SunCom
From Staff Reports Nokia Corp. (NOK) announced yesterday (Monday) that it will buy the privately held, Boston-based mobile advertiser Enpocket for an undisclosed amount. Enpocket advertises to cell-phone users by displaying ads in downloaded video clips and text messages. It also generates user information such as location and key words searched to package high-response advertisements. […]
U.S and Japan Take to the Skies
From Staff Reports The Financial Times recently reported that the United States and Japan have agreed to expand their air-services agreement for the first time in ten years. The agreement provides additional access for direct passenger and cargo flights and connecting services throughout Asia. The first amendment to the deal originally reached in 1998 is […]
Emerging Markets Weathering Economic Storm
From MoneyWeek Magazine Reduced inflation, lower interest rates and lighter government debt burdens have strengthened developing nations’ infrastructure and allowed them to weather the current subprime-induced global jitters. The MSCI Emerging Market Index has bounced back from August’s slide and it up 2% since the beginning of July. The S&P 500 was down 1.75% during […]
U.S. Fed Readies Itself For All the Right Moves
As we await the announced decision of U.S. Federal Reserve policymakers today, there are some very important facts to keep in mind. First and foremost is this: The fears of a recession are highly exaggerated. The U.S. economy has good momentum, the American consumer is still spending, and we believe that central bank will reduce […]
How to Play Today's FOMC Meeting
By Martin Hutchinson Director of Global Investing Research Wall Street has firmly got it into its tiny overpaid noggin that the Fed Chairman Ben S. Bernanke and the central bank's Federal Open Market Committee will slash interest rates today. I'm not so sure. Whatever Bernanke & Co. does will indicate the medium-term future of Federal […]
New York Times Will Offer Content For Free
From Staff Reports In a move that's certain to have a ripple effect on the newspaper sector, the New York Times Co. (NYT) last night (Monday) announced that editorial content previously accessible only via subscription will be available for free, starting tomorrow (Wednesday). Currently, that content is available only through the Times' two-year-old TimesSelect subscription […]
Bellwether Blue Chip Stocks Record Best Week Since April
From Staff Reports Blue chip stocks had their best week since April last week, with the Dow Jones Industrial Average gaining 2.5% for the week. That 30-stock index is now up 7.9% for the year, according to The Wall Street Journal. The Dow gained 17.64 points, or 0.1%, on Friday, ending the day and the […]
No Hope For Newspapers?
By William Patalon III Managing Editor The daily newspaper has been as much a part of American life as apple pie, baseball and hot dogs. And, for many years, it was also a staple of American investment portfolios. Newspaper stocks were once a top-tier holding. As late as the middle 1980s, newspaper-publishing companies still offered […]