Archives for November 2007

November 2007 - Page 4 of 13 - Money Morning - Only the News You Can Profit From

Employment Holds Steady Despite Credit Pressures

From Staff Reports Applications for unemployment insurance dropped by a seasonally adjusted 11,000 to 330,000 for the week ended Nov. 17, the Labor Department reported last week. While the report is no indication that the economy is well on its way to recovery, it does suggest that companies aren't resorting to wholesale layoffs as they […]

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Nine Ways to Profit From the Diving Dollar

Let me put it bluntly: The U.S. dollar is nose-diving against foreign currencies. So far, it's down 12% against the euro, 7% to the yen, 8% to the pound, 15% to the Canadian dollar, and 10% to the Swiss frank. And that's just in the past year alone.

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Global Investing Roundup

Mobile TeleSystems Dials Up a 35% Profit; J.C. Flowers Saves Wilting Shinsei Bank; Royal Dutch Shell Exits Nigeria; China Metallurgical Moves on Afghanistan Mobile TeleSystems OJSC (MBT) announced yesterday (Tuesday) that third-quarter profits grew 35% to a larger-than-expected $655 million. Third-quarter revenue jumped 23.3% to $2.216 billion, up from $1.8 billion during the comparable quarter […]

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Canadian Dollar Dances with Dipping Commodities

By Mike CaggesoAssociate Editor The Canadian dollar had possibly the best year of all world currencies. Its performance against the U.S. dollar is one for the record books – on Nov. 7, almost six weeks after eclipsing parity with the U.S. dollar, the loonie peaked at $1.0837 against the U.S. dollar, a 27% year-to-date appreciation […]

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Three Pathways to Global Profits Despite Our "Worthless Pieces of (Green) Paper"

By Martin Hutchinson Contributing Editor Mahmoud Ahmadinejad, president of Iran, announced at an Organization of Petroleum Exporting Countries (OPEC) conference over the weekend that dollar-based oil sales were a bad idea since "they get our oil and give us a worthless piece of paper." Although I'm a patriotic American investor, that immediately causes me to […]

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Eight "Juniors" to Play for Major Profits in the Gold and Silver Sectors

Definitions may change, and governments may fiddle the figures, but inflation goes up regardless. A special report from Dominic Frisby and our U.K. affiliate MoneyWeek says it's time to buy commodities. Money Morning contributed to this report. Unless your name is Rip Van Winkle, or you work in a drab, windowless office in Washington and […]

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Goldman Analyst Says 'Sell' Citigroup, Lowers 2008 Estimates

By Mike CaggesoAssociate Editor Citigroup Inc.'s (C) financial troubles will continue to spread beyond subprime mortgage write-downs and into the bank's consumer divisions, said William Tanona, a Goldman Sachs Group Inc. (GS) analyst, who recommends that clients sell Citigroup shares. Those issues – combined with unsuccessful attempts to find a new chief executive officer, and […]

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Freddie Mac Takes a $2 Billion Hit, Stock Drops Nearly 30%

From Staff Reports Shares of Freddie Mac (FRE) plummeted nearly 30% yesterday (Tuesday) when the company announced a record loss and warned of a possible dividend cut. The company is the nation's second-largest U.S. mortgage company, and yesterday's plunge marks the its biggest decline since Freddie Mac went public in 1988. The meltdown in the […]

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Merrill Lynch Fund Moves In To A New Neighborhood

From Staff Reports DLF Ltd., the largest real estate company in India, announced the sale of a minority stake in several of its assets yesterday (Tuesday). According to Bloomberg News, the divestiture brought in $426 million dollars for a total of eight housing projects located throughout India. DLF sold a 49% stake in seven housing […]

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Global Investing Roundup

SABMiller Swallows Grolsch; DP World Boosts Offering; Credit Agricole Makes Deposit on 15% of Bankinter; China Railway Steams Toward IPO In yet another instance of consolidation in the global brewing industry, SABMiller PLC (SBMRF) announced yesterday (Monday) that it buying Dutch Royal Grolsch NV. SABMiller will pay $1.2 billion (816 million euros) in cash for […]

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