By Mike Caggeso Associate Editor After three months of interviewing dozens of candidates, board members of Harmony Gold Mining Co. (HMY) have unanimously elected Graham Briggs as the South African miner's chief executive officer. The arduous selection process began in October when a four-person selection panel tapped an executive search company to help find the […]
Archives for January 2008
January 2008 - Page 14 of 15 - Money Morning - Only the News You Can Profit From
Election 2008: Which Republican Candidates Will Be Best For Investor Profits
The Second Article in a Two-Part Series on the Economic Policies of the Presidential Candidates From Both Parties. Last Story: The Democrats. By Martin Hutchinson Contributing Editor With the Iowa caucuses set for tonight (Thursday), it's worthwhile for investors to consider which politicians might make your life easier, and who might make a grab for […]
Outlook 2008: Continued Supply Crunches Will Add a "Glow" to Uranium Stocks
Editor's Note: This is the Sixth Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008 By Don Miller Contributing Writer Of all the commodities to ride the volatile global roller coaster in 2007, uranium had the wildest ride. Overall, it gained 28% for the year. But that seemingly simple statistic masks a […]
Global Investing Roundup
Globalstar Expands South American Reach; Centro Properties Puts Itself on the Auction Block; Vietnam Brewer Sabeco Plans IPO; PHH Corp. LBO Falls Through Globalstar Inc. (GSAT), a leading provider of mobile satellite voice and data services, announced yesterday (Wednesday) that it has reached an agreement with Loral Space & Communications Ltd. (LORL) for the company's […]
Oil Hits $100 a Barrel on Global Political Tension and Supply Concerns
By Jason Simpkins Associate Editor After flirting with the century mark for months, crude oil finally it the record $100 a barrel level yesterday (Wednesday), fueled by violence in Nigeria, bad weather in Mexico and an unprecedented admission by the Middle East oil cartel that petroleum supplies will fall short of demand by 2024. An […]
Asian Index Gains Are Early Signs of Global Decoupling
By Mike Caggeso Associate Editor The majority of Asian stock markets made monster gains for the year in 2007, despite volatile dips in the first and fourth quarters. Analysts are expecting Asian stocks to boom again in 2008, following a period of continued declines early in the first quarter of the New Year. After dropping […]
Private-Equity Firms Follow Sovereign Wealth Funds' Lead By Seeking Financial Sector Investments
By Jennifer Yousfi Managing Editor Foreign sovereign wealth funds have been grabbing headlines lately with their well-publicized investments into struggling financial services firms like Citigroup Inc. (C) and Morgan Stanley (MS). U.S.-based private equity firms are starting to become part of the investment trend as well. Late last month, Merrill Lynch & Co. Inc. (MER) […]
New Labor Laws and Strengthening Yuan Could Put the Squeeze on Chinese Exports
By Jason Simpkins Associate Editor China's economy made massive strides in 2007, averaging a quarterly expansion of 11.5%. Critics alleged that stellar growth figures were the product of cheap labor and a severely undervalued currency, which drove a torrent of exports out of the country. But new labor laws and the accelerating value of the […]
Surprise! Coal & Nuclear Power are Keys to Obama's Energy Plan
[Editor's Note: With the New Year upon us, it's a good time for investors to be looking ahead. With that in mind, Money Morning will be running installments of our "Outlook 2009" economic forecasting series into the New Year.] By Don Miller Contributing WriterMoney Morning President-elect Barack Obama has made no bones about wanting to […]
Money Morning's Three-Minute Review: How Last Week's Events Will Shape This Week's Action
By William Patalon III Executive Editor Money Morning/The Money Map Report Last week, investors worldwide were hoping for a holiday respite from the financial-market uncertainty and geopolitical turmoil that was the hallmark of 2007. They wanted to forget about the imploded U.S. housing market, the subprime-mortgage debacle, the ongoing credit crisis, escalating oil prices, the […]