Archives for March 2008

March 2008 - Page 4 of 16 - Money Morning - Only the News You Can Profit From

Dubai's Shiekh Mohammed 'Ponying' up $400 Million for Another Huge Investment

By Mike Caggeso Associate Editor Dubai has chalked up a string of foreign investments in the past year – mostly through its state-owned investment vehicles, or sovereign wealth funds. The government's most recent investments include: a $448 million stake in a Malaysian super city; $1.26 billion in hedge fund Och-Ziff Capital Management Group LLC's (OZM) […]

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Midday Market Update: Consumer Confidence Plunges

By Jennifer Yousfi Managing Editor  U.S. stocks stumbled on news of a lower-than-expected consumer confidence reading and more warnings of weak earnings for financial firms. At noon ET, the blue-chip Dow Jones Industrial Average Index had posted a decline of 68.55 points (-0.55%), to trade at 12,480.09. The tech-laden Nasdaq Composite Index dropped 3.28 points […]

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Will the Dollar Crash? How to Fatten Your Portfolio With Every Dip

By Martin Hutchinson Contributing Editor Will the dollar crash?  Well, no one can know for sure. But the fundamentals are pushing it down at an alarming rate… The greenback is already at its lowest level ever against the euro. In fact, the euro has risen more than 17% against the dollar in the past year. […]

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Sirius-XM Merger: Should Investors Buy?

By Mike Caggeso Associate Editor Minutes after the Dept. of Justice approved Sirius Satellite Radio Inc.'s (SIRI) merger with XM Satellite Radio Holdings Inc. (XMSR), each company's shares soared by double-digits… Yet, until the merger is completed, it's hard to know whether that sharp jump will continue… whether now is a time to jump in […]

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Changes for the S&P 500 Index

By Jennifer YousfiManaging Editor Standard & Poor's announced two changes to its popular S&P 500 Index, used by many investors to track the performance of the U.S. markets. Story continues below… Altria Group Inc. (MO) is divesting its tobacco subsidiary and the resulting firm, Philip Morris International Inc., will replace electronics retailer Circuit City Stores […]

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Global Investing Roundups

Price of Gas Hits Record High; Ford and Tata to Seal Deal Tomorrow; VMWare Expands India Operations; Walgreen's Rings Up Strong Sales; Tiffany's Earnings Shine; Ardrea Biosciences Can't Deliver; Big Fine for Biovail; Easter Monday in Europe The average price of a gallon of gasoline in the United States rose to a record high $3.26 […]

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JPMorgan Raises Bear Stearns Bid

By Jason Simpkins Associate Editor JPMorgan Chase & Co. (JPM) more than quadrupled its bid for troubled investment bank The Bear Stearns Cos. Inc. (BSC), from $278.5 million [$2.32 a share] to $1 billion [$10 a share]. News of the higher bid sent Bear Stearns shares up 115% by midday yesterday (Monday), before settling at […]

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Midday Market Update: Financials Rally on Higher Bear Stearns Bid

By Jennifer Yousfi Managing Editor Stocks rallied in morning trading on news that JPMorgan Chase & Co. (JPM) had increased its bailout bid for The Bear Stearns Cos. Inc. (BSC). At noon ET, the blue-chip Dow Jones Industrial Average Index had posted a gain of 222.25 points (1.80%), to trade at 12,583.57. The tech-laden Nasdaq […]

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Home Sales Rise While Prices Slide Most in 40 Years

By Mike Caggeso Associate Editor Existing home sales in the United States unexpectedly rose in February, breaking a six-month streak of declines and signaling a turnaround for the browbeaten housing market and U.S. economy. Purchases climbed 2.9% to an annual rate of 5.03 million, the National Association of Realtors (NAR) reported. Existing home prices continued […]

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