Examining the Books at UBS; Blue Nile Expands Internationally; Wendy's Serves Up Weak Sales; Virgin Bank?; Kookmin Bank Profits Soar; Wrigley Gum Popular Overseas; Societe Generale Under Investigation; Legg Mason Executive Invests $1 Million UBS AG (UBS) is under investigation by federal prosecutors in New York to determine whether the bank inflated the book value […]
Archives for February 2008
February 2008 - Page 14 of 15 - Money Morning - Only the News You Can Profit From
Google Chimes in on Microsoft's Bid For Yahoo
By Jason Simpkins Associate Editor Google Inc. (GOOG) didn't waste any time before weighing in on Microsoft Corporation's (MSFT) takeover bid for Yahoo! Inc. (YHOO). Google officials lashed out against Microsoft's supposed motives yesterday [Monday], and even offered to help Yahoo! rebuff the takeover through a partnership of its own. "While the internet rewards competitive […]
Gazprom Drills $70 Billion into Arctic Exploration, Plans to Double Crude Production by 2020
By Mike Caggeso Associate Editor Gazprom Neft OAO (OTC:GZPFY) – Russia's largest company and the world's largest producer of natural gas – plans to double its crude production by 2020 and spend $70 billion developing Arctic fields, Chief Executive Officer Alexander Dyukov told Moscow-based newspaper Kommersant. Dyukov didn't specify how the company plans to raise […]
Renowned Investor Jim Rogers, "Extremely Worried"
By Jennifer Yousfi Managing Editor Jim Rogers has a knack for knowing which way the investment winds will blow. He's been profiting off that rare gift for years. He predicted the global commodities boom we're experiencing over a decade ago. He's been short on the struggling Wall Street investment banks for months. And now he's […]
World Bank Says China's Economy to Slow, But "Still Strong"
By Jennifer Yousfi Managing Editor The World Bank has lowered its growth forecast for China's economy in 2008 – from 10.8% to 9.6% – due to a global economic slowdown, which could threaten China exports. "The world economy is going to be weaker, and this will have an impact on China," said Louis Kuijs, a […]
Call it MicroHoo! or Yahoo!Soft, the Bottom Line is Microsoft's Bid For Yahoo Faces Many Obstacles
From Staff Reports With its $44.6 billion hostile bid for Internet search pioneer Yahoo! Inc. (YHOO), software giant Microsoft Corp. (MSFT) is poised to redefine the deal-making market. According to an analysis of the deal conducted by the San Jose Mercury News, this is more than just a simple acquisition: The hostile buyout bid confirms […]
China's Nightmare Snowstorm Signals More Economic Expansion with Investment Opportunities Still to Come
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Tens of millions of people were heading home for the Chinese New Year late last week, as they do every year. But this year, an estimated 77 million people were effectively stranded by a record-setting snowstorm that essentially cut the country in two. It was […]
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 I came across an old friend last week. Back in mid-November, just after another rate reduction by Team Bernanke and the U.S. Federal Reserve, I raised the following question in this very column: Where is Paul Volcker when you need him? Last week, I […]
The Six Profit Plays to Consider as “Super Tuesday” Plays Out
By Jennifer Yousfi Managing Editor With Super Tuesday just hours away, the field has narrowed considerably from the last time Money Morning took a look at the Presidential candidates. With the recent end to the campaigns of John Edwards and Rudy Giuliani, what was a wide-open race at the start of the New Year has […]
Chinalco, Alcoa Stun BHP With Surprise Counterpunch, Grabbing a 12% Stake in Takeover Target Rio Tinto
By Jason Simpkins Associate Editor Playing the role of the white knight, Aluminum Corp. of China (ACH) and Alcoa Inc. (AA) on Friday teamed up and took a $14 billion stake in Anglo-Australian miner Rio Tinto Group PLC (RTP), hoping the move will derail BHP Billiton Ltd.’s (BHP) plan to buy Rio and create a […]