Archives for February 2008

February 2008 - Page 6 of 15 - Money Morning - Only the News You Can Profit From

Global Investing Roundups

Platinum Propels Anglo American Profits; BET to Adopt ‘British Accent’; Winn Dixie Gains; A Slight Buildup in January Housing Starts; Sharper Image Blurred by Dismal Sales; Toshiba and Sony Develop Joint Venture; Pfizer Goes Shopping; Thomson Buys Reuters Anglo American plc (AAUK), the world’s second-biggest mining company, rode record platinum prices to post a 21% […]

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Sprint Rumored to Undercut Rival Flat Rates, Price War on the Horizon

By Mike Caggeso Associate Editor Sprint Nextel Corp. (S) is expected to offer flat-rate calling plans – with prices that could undercut competing plans by up to 40%  – a strategic move that could rattle rival service providers and stoke a price war, Reuters reported. Sprint's actually late to the parade, as many rivals already […]

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Midday Market Update: Inflation and Continued Credit Concerns Point Markets Lower

By Jennifer Yousfi Managing Editor Inflation worries coupled with a troubling report from KKR Financial Holdings LLC (KFN) conspired to drive the markets lower today (Wednesday). At noon ET, the three major U.S. stock indices were all in the red. The blue-chip Dow Jones Industrial Average Index dropped 73.19 points (-0.59%), to trade at 12,264.03. The […]

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Consumer Prices Rise, Giving the Fed Cause for Concern

By Jason Simpkins Associate Editor Consumer prices rose 0.4% in January, an indication that Federal Reserve policymakers will have to think twice about the risk of inflation before making more interest rate cuts. Energy prices rose 0.7% last month after gaining 1.7% in December, the Labor Department reported yesterday (Wednesday). Fuel costs were up 4.5%.  […]

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With Many Hits, Some Misses, Wal-Mart Searches for Success in the Global Economy

By Jennifer Yousfi Managing Editor With the announcement of record fourth-quarter sales and earnings yesterday, Wal-Mart Stores Inc. (WMT) became the world's first $100 billion retailer. "For the fourth quarter, we topped $100 billion in sales, the first time in history that any retailer has reached this milestone in a single quarter," Wal-Mart President and […]

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Make Up Market Losses With Value Averaging

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report If you're like most investors whose portfolios have been pounded in recent months, you've got some losses to make up for. And while the outlook appears more promising than before with the U.S. Federal Reserve ready to ride to the rescue, you might be wondering […]

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Nationalizing Northern Rock

By Jennifer Yousfi Managing Editor After a five-month search to find a private buyer for Northern Rock PLC (PINK: NHRKF), the U.K. government has decided to nationalize the struggling bank. The law that would grant sweeping powers to the government to place troubled financial institutions under state control is currently being debated in the House […]

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Global Investing Roundups

Onyx Shares Plummet; MBIA to Restructure; Martha Stewart Puts Emeril’s Brand in Her Oven; Manulife Buys $1.7 Billion in Timberland; Credit Suisse Writes Down $2.85 billion; Oil Breaks $100 a Barrel, Again; Citigroup Sells Off Japan Office; Foreign Direct Investment Takes Off in Mexico Shares of biopharmaceutical company, Onyx Pharmaceuticals Inc. (ONXX), plunged yesterday (Tuesday) […]

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Corporate Express Shuns Staples' $3.7 Billion Takeover Offer

By Mike Caggeso Associate Editor Staples Inc.'s (SPLS) $3.7 billion (2.5 billion euro) takeover offer for Dutch rival Corporate Express N.V. (CXP) was promptly rejected yesterday (Tuesday). The all-cash offer valued shares at a 34% premium to Monday's closing price on the Dutch Stock Exchange – sending the company's stock up 38.94% for the day […]

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