Isuzu Profits Skid; Telefonica Dials Up Big Profits; Sinotruck IPO Should Haul Away $1.2 Billion; Rexel Finds Breaking Up Easy To Do; Doral Loses $70.5 million For Third Quarter Isuzu Motors Ltd. (ISUZY) of Japan yesterday (Monday) announced it had experienced a 26% drop in third-quarter operating profits, according to Reuters News Agency. The company […]
Archives for November 2007
November 2007 - Page 8 of 13 - Money Morning - Only the News You Can Profit From
Oil Prices Slide on Demand and OPEC Considerations
By Jason Simpkins Associate Editor Crude oil prices settled $1.70 or 1.75% lower yesterday (Monday) after retreating more than $2.00 in early morning trading. The decline was driven, in part, by the Organization of Oil Producing Countries (OPEC), which gave several indications it would increase output to help combat soaring energy prices. Analysts also believe […]
China's Growth Will Clear $340 Billion Worth of Airliner Sales for Takeoff Over the Next 20 Years
By William Patalon III Managing Editor Money Morning When Europe's Airbus SAS picked off nearly $50 billion worth of airliner orders from Middle East air carriers at the opening of the Dubai Aerospace Air Show this past weekend, analysts portrayed it as a huge victory over U.S. rival Boeing Co., (BA). Once again, the gloom-and-doomers […]
With More Pain to Come, Don't Be Fooled by Yesterday's Banking Sector Gains
By Mike Caggeso Associate Editor Though last week's river of red flowed into the new week causing stock prices to stumble yesterday (Monday), the market received a boost from an unlikely quarter – the banking-and-finance sector. Aided by a strengthening U.S. dollar and a dip in gold prices – not to mention an extended sell-off […]
U.K. Home Prices, Economy Both Headed for a Fall, Economists Predict
By Mike Caggeso Associate Editor The U.K. housing market is slowing, and housing prices could actually decline next year, according to analyst forecasts and the latest batch of government economic reports. United Kingdom housing prices actually rose 0.3%, a slowdown from the 0.5% advance in August and the scorching 2% leap in July. Also, the […]
Breather or Bear Market? Gold Bulls Stumble in Trading Yesterday
By Mike Caggeso Associate Editor Nearly every U.S. consumer is feeling the continuous slow burn from this summer's credit rout. If it didn't devalue their home or stocks, it trickled into the higher costs at grocery stores and gas stations in the form of rising commodity prices and a weakening dollar. These credit-induced pains can […]
The Week That Was: Team Bernanke and Interest Rates Have U.S. Economy Headed in the Wrong Direction
By William Patalon III Managing Editor Money Morning Where is Paul Volcker when you need him? The U.S. economy is between the proverbial rock and a hard place. And the U.S. Federal Reserve under chairmen Alan Greenspan and Ben S. Bernanke has played a big part in putting us there. But it's Bernanke's actions that […]
Strong Exports Compress Trade Deficit
By Jason Simpkins Associate Editor The September U.S. trade deficit narrowed slightly from the month before, as the U.S. dollar continued its slump and continued global growth continued to boost demand for lower-priced U.S. goods. The trade gap shrank 0.6% to $56.5 billion from a revised $56.8 billion in August, according to Friday’s report from […]
ArcelorMittal Edges Its Way Into China
By Jason Simpkins Associate Editor The world's largest steel company, Luxembourg-based ArcelorMittal (MT), expanded its presence in China last week when it acquired a 28% stake in a Chinese steel mill for $647 million. The company announced last Wednesday that it is now a minority shareholder in China Oriental Group Co. Ltd., whose main asset […]
MGM Mirage Steps Into the Fray Again, Partners With Abu Dhabi To Develop $3 Billion Resort
From Staff Reports MGM Mirage (MGM) will partner with the Mubadala Development Co. to develop the MGM Grand Abu Dhabi resort. This latest MGM-headed project is projected to cost $3 billion and will be owned by Mubadala, which is wholly owned by the government of Abu Dhabi. MGM Mirage will develop and manage the project […]