By Jason Simpkins Associate Editor The price of gasoline across the country hit a record high yesterday (Tuesday), and some analysts believe motorists could be paying upwards of $3.75 a gallon in the near future. Prices at the pump rose to a record national average of $3.2272 a gallon yesterday, topping the previous record of […]
Archives for March 2008
March 2008 - Page 11 of 16 - Money Morning - Only the News You Can Profit From
Tata Plans to Fund Acquisitions by Raising $1 Billion
By Mike Caggeso Associate Editor Indian automotive titan Tata Motos Ltd. (TTM) plans to raise as much as $1 billion by selling securities, in an effort to partly fund its acquisitions. At the top of that list of acquisitions is Tata's pending purchase of luxury brands Jaguar and Land Rover from Ford Motor Co. (F). […]
Midday Market Update: Fed Plan Boosts Markets
By Jennifer Yousfi Managing Editor News that the U.S. Federal Reserve will offer $200 billion in Treasuries in exchange for debt that includes mortgage-backed securities, increasing liquidity in the financial industry, spurred the markets to their largest rally in five weeks today (Tuesday). "What the move really did is begin to provide some liquidity back […]
The Grimmer it Gets, the More Profit Opportunity We See
Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Investors who are regular readers of the financial pages are no doubt feeling about as uneasy as can be about the near-term outlook for the U.S. economy and U.S. stock prices. But if you're a regular reader of the Money Morning Web site these same headlines […]
Stocks Slide Towards Bear Territory
By Jennifer Yousfi Managing Editor The markets extended losses yesterday (Monday) edging ever closer to bear territory, as financial stocks plunged on continued U.S. recession concerns. At the New York close, the three major U.S. stock indices had all posted losses for the third day of trading. The blue-chip Dow Jones Industrial Average Index had a […]
Barrick's Bullish View of Gold Signals Higher Prices Ahead
By William Patalon III Executive Editor Money Morning/The Money Map Report With gold trading at nearly $1,000 an ounce, yellow-metal prices have risen a long way and for a long time. And yet there still looks to be plenty of room to run. At least, that's what we can take away from the most recent […]
Global Investing Roundups
FBI Probing Countrywide for Fraud; Japan Machinery Orders up 19.6%; Ronald McDonald Has Reason to Smile; Crude Oil Spouts to Another Record High; Berkshire Bails on White Mountains; $2.2 Billion Buyout of Nationwide; Bear Stearns Cash Poor?; Layoffs for Lehman The Federal Bureau of Investigation is probing Countrywide Financial Corp. (CFC) for possible securities' fraud […]
Chinese Trade Gap Narrows by 63%
By Jason Simpkins Associate Editor Chinese exports recoiled and imports surged in February, suggesting the nation's politically contentious trade surplus may be growing more slowly or has finally peaked. China's February trade surplus shrank to $8.56 billion, down from $19.5 billion in January and $23.8 billion a year ago. The rolling 12-month surplus fell 5.6%, […]
Blackstone Misses Estimates, Profit Dives 89%
By Mike Caggeso Associate Editor Blackstone Group LP (BX) investors can't be happy. The private equity and real estate company missed analysts' estimates for fourth-quarter earnings, with profit falling 89% to $128.2 million, or 8 cents a share, compared to $894.9 million, or 72 cents, from a year ago. Blackstone, the manager of the world's […]
Midday Market Update: Indices Head Lower Towards Bear Territory
By Jennifer Yousfi Managing Editor Markets headed lower today as any hope of an emergency rate cut from the U.S. Federal Reserve based on Friday's weak employment report began to fade. "What's really moving the market are fears about a recession," Edward Hemmelgarn, president of Cleveland-based Shaker Investments Inc. with $350 million assets under management, […]