Archives for December 2007

December 2007 - Money Morning - Only the News You Can Profit From

Wall Street Boosts Compensation - 14% Average Increase in 2007

By Mike Caggeso Associate Editor The subprime mortgage crisis helped send many investors on a wild ride in 2007, but that didn't stop some Wall Street investment bankers from giving themselves a hefty raise. Four large New York-based firms – Goldman Sachs Group Inc. (GS), Morgan Stanley (MS), Lehman Brothers Holdings Inc. (LEH) and The […]

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Saudi Arabia Aiming to be "King of the Cash Barons" by Launching its First Sovereign Wealth Fund

By William Patalon III Executive Editor Money Morning/The Money Map Report In yet another example of the growing global importance of state-run investment pools, Saudi Arabia said it's establishing a sovereign-wealth fund that will eclipse Abu Dhabi's $900 billion venture to become the largest in the world. As the new "King of the Cash Barons" […]

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Economic Forecasts Boosted by Consumer Spending

By Jason Simpkins Associate Editor Consumer spending rose by its highest level in more than two years in November, evidence that American shoppers were willing to open their wallets despite market gyrations, credit concerns and declining home values. In fact, consumers spent more than they earned, driving the personal savings rate into the red for […]

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Election 2008: Which Democratic Candidates Will Be Best For Investor Profits

The First Article in a Two-Part Series on Economic Policies of the Presidential Candidates From Both Parties. Next: The Republicans. By Martin Hutchinson Contributing Editor With the Iowa caucuses looming immediately after the New Year's holiday it's worthwhile for investors to take a break from their trading triumphs and focus on politics. It's worth taking […]

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Global Investing Roundup

BlueScope Broadens Base with IMSA Acquisition; Lifetime Moves Into Mexico with Ekco; Deal Will Allow Chinese Online Consumers to Buy From U.S. Retailers; Daito Founder Puts His $1.7 Billion Stake on the Block  BlueScope Steel Ltd., Australia’s largest steelmaker, announced yesterday (Thursday) that it would pay $730 million for IMSA Steel Corp., the Associated […]

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