From Staff Reports Analysts at UBS AG (UBS) have maintained their "Buy" rating and lifted their target price on the shares of Newmont Mining Corp. (NEM), one of the gold-mining plays recently recommended by Martin Hutchinson, Money Morning's director of global investing research. In the Oct. 25 Money Morning story "Five Ways to Profit From […]
Archives for November 2007
November 2007 - Page 11 of 13 - Money Morning - Only the News You Can Profit From
Oil Prices Hit New Record at $97 a Barrel as the Dollar Weakens and Commodities Continue to Soar
By William Patalon III Managing Editor A drop in inventories and continued weakness in the U.S. greenback sent crude oil prices rocketing to an all-time high of $97 early today (Tuesday), a jump of more than 3%. In early afternoon trading, crude oil for December delivery was still trading at $96.70 a barrel on the […]
Global Investing Roundup
Global Cash Taps Gambling Market; Goldman Sachs China Deal Denied; Ballard Power Unloads Fuel Cell Business; Miners' Strike Falters in Peru; Munich RE Sees 69% Profit Jump Global Cash Access Holdings, Inc. (GCA) said yesterday (Monday) that it has completed an agreement with one of Africa's largest banks, Absa Bank Ltd. The agreement allows the […]
PetroChina Leapfrogs Exxon Mobil as World's Largest Company; But China Shares Wobble
By Jason Simpkins Associate Editor Shares of PetroChina Co. Ltd. (PTR) soared during its Shanghai initial public offering yesterday (Monday), making the state-owned oil and gas giant the largest company in the world by market capitalization. The Beijing-based company raised $8.94 billion, driving its total market value north of $1 trillion. PetroChina is now twice […]
Boeing Refurbishes 500th Super Hornet Fighter Jet, Makes Plans for Looming Dubai Air Show
By William Patalon III Managing Editor Money Morning The Boeing Co. (BA) announced that it's delivered its 500th modified F/A-18 Super Hornet jet fighter-bomber to the U.S. Navy from the company's Aerospace Support Center at Cecil Commerce Center, located near Jacksonville, Fla. Boeing also detailed its plans for the upcoming Dubai Air Show, which opens […]
Three Ways to Profit From High Gasoline Prices
By Keith Fitz-Gerald Contributing Editor Most investors assume that higher oil prices are bad for the markets. I disagree. Sure, as consumers, we're all feeling the pinch from spiraling oil-and-gasoline prices. And I don't like feeling mugged when I fill up anymore than you do. But from an investment standpoint, I actually think higher oil […]
Citigroup's Troubles Continue to Grow
From Staff Reports Citigroup Inc. (C) took a trifecta of blows yesterday (Monday) – sending the shares spinning downward 4.85%. Citigroup yesterday said: It was unable to assure investors that a possible $11 billion write-down for subprime mortgages won't grow. Reduced a previously reported third-quarter profit. And watched as its credit rating was downgraded. And […]
Canadian Telecom Telus Misses Third-Quarter Estimates, Even With a 28 Percent Gain in Profits
By William Patalon III Managing Editor Telus Corp. (TU), the Number Two telephone company in Canada, on Friday said that its third-quarter profits jumped 28%, thanks to increased customer spending on wireless phone services. But the results still fell short of analyst estimates because the increased wireless revenue couldn’t overcome the increase in lower-priced phone […]
An Optimist Jobs Report Grants the Fed Some Breathing Room
By Jason Simpkins Associate Editor Employers added 166,000 employees in October, more than double analyst forecasts, the U.S. Labor Department reported Friday. Most economists had only expected an increase of between 80,000 and 85,000 jobs. The report helped to ease concerns that the meltdown in mortgage markets and the heavy toll taken on homebuilding would […]
Garmin Takes 5% Stake in Tele Atlas, Company it is Pursuing in Hostile Bidding Battle
By William Patalon III Managing Editor Money Morning Garmin Ltd. (GRMN), the navigation device maker that’s locked in a bidding battle for digital mapmaker Tele Atlas NV (TLATF), has taken a 5.02% stake in that Dutch company, according to filings with the Dutch stock markets regulator AFM. AFM is The Netherlands’ version of the U.S. […]