Electrolux Loses Steam; Cisco Switches On Profits; High Ratings at MetLife; Greek Bourse Sneaks Into Slovenia; Wheat Futures Hit Record High; India's Growth Slows; D.R. Horton's Dismal First Quarter; Icahn Moves in on Motorola Europe's largest appliance manufacturer, Electrolux AB (OTC:ELUXY), reported a 22% drop in fourth quarter profits. Chief Executive Officer Hans Straaberg closed […]
Archives for February 2008
February 2008 - Page 12 of 15 - Money Morning - Only the News You Can Profit From
Cell Phone Makers Add Features and Up the Ante in a High-Risk/High Return Market for Investors
By Mike Caggeso Associate Editor On April 3, 1973, Motorola, Inc. (MOT) engineer Martin Cooper – considered the father of the mobile phone – made the first cellular phone call. It wasn't to his wife, mother or children, but to rival Joel Engel, head of research at AT&T Bell Labs. "He tried to pretend it […]
The Take on Thailand: Two Profit Plays in a Bargain Market
By Martin Hutchinson Contributing Editor Like all investors, those making emerging-market forays need to diversify their holdings. But that's not always easy. While each overseas market has its own particular risks, most also share in the general risks of the world economic cycle. They can easily succumb to Wall Street's periodic euphoric frenzies – as […]
General Motors Changes Gears, Shifts to Ethanol
By Jason Simpkins Associate Editor General Motors Corp. (GM) said Wednesday that half its U.S. vehicles will run on ethanol by 2012, the Associated Press reported. Giving a speech at the Chicago Auto Show, GM North American President Troy Clarke said his company will have 11 ethanol-capable vehicles on the market this year and 15 […]
Midday Market Update: U.S. Stocks Erase Early Losses to Trade Even
By Jennifer Yousfi Managing Editor After some choppy trading early in the day, U.S. stocks were relatively flat at midday today (Thursday), with weak European trading, continued economic worries and consumer-spending concerns all playing a role. At noon, the three major U.S. indices were narrowly mixed after recovering from deeper losses in early morning trading. The […]
With an 'Icky' First Half for U.S. Vehicle Sales, Toyota and GM Bank on China to Supercharge Sales Growth
From Staff Reports Auto sales in North America will be challenging in the year's first half, and will likely require automakers to resort to sales incentives, several top executives told journalists at the Chicago Auto Show yesterday [Wednesday]. As an added industry attraction for 2008: The battle for the coveted top spot for global auto […]
Five Survival Strategies That Will Allow You to Profit Even in a Recession
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report With the Dow Jones Industrial Average having dropped more than 370 points over recessionary fears on Tuesday, and the much-broader Standard & Poor's 500 Index having dropped by an equal 3%, it is clear that many investors have stopped thinking about stock-market profits. But profits […]
Global Investing Roundups
McDonald's Sees Profits in China's Auto Boom; Caterpillar Acquires China's SEM; Ralph Lauren's Partnership Proves Profitable; Labor Dept. Reports Strong Productivity; Sara Lee Delights in Global Profits; Cigna Reports Healthy Fourth-Quarter McDonald's Corp. (MCD) plans to expand its presence in China by opening 125 new outlets in 2008, The Wall Street Journal reported. Fast food […]
With New R&D and Auto Plants Planned, Toyota Revs up its Rivalry with General Motors in China
By Mike Caggeso Associate Editor After a year in which Toyota Motor Corp. (TM) saw its stock drop 21.5% and its rivalry with General Motors Corp. (GM) intensify, the Japan-based carmaker is trying to recapture its momentum by investing heavily in China. BizChina reported that Toyota plans to set up a new automobile plant in […]
Rio Tinto: New BHP Offer Neglects its "Underlying Value"
By Jason Simpkins Associate Editor Rio Tinto PLC (RTP) rejected BHP Billiton's (BHP) revised $147 billion takeover bid hours after its rival made its offer yesterday [Wednesday]. In a statement, Rio Chairman Paul Skinner said the bid failed to recognize the "underlying value" of the company's assets and prospects. "Our plans are unchanged, and will […]