By Jennifer YousfiAnd William Patalon IIIMoney Morning Editors If U.S. Federal Reserve policymakers make the expected quarter-point rate cut at the end of their meeting today (Wednesday), the impact will be felt well beyond U.S. borders. Indeed, the interest-rate reduction could set in motion a series of diverse global events that will impact such seemingly […]
Archives for April 2008
April 2008 - Money Morning - Only the News You Can Profit From
The View From China: Despite the Auto Industry's Pedal-to-the-Metal Growth, a Safety Play May Offer the Safest Play
[Editor's Note: Money Morning Investment Director Keith Fitz-Gerald is currently leading an investment trip through China, taking in that country's scenery, as well as its investment opportunities. Here is the first installment of a short series detailing his observations and discoveries.] SHANGHAI, CHINA – Why U.S. automakers can't import smartly designed, well-made little cars that […]
Global Investing Roundups
Consumer Confidence Hits 5-Year Low; Citi to Offer $3 Billion in Common Stock; Denny’s Satisfied by 1Q Earnings; IBM Bumps Dividend; Merck Drops on FDA Rejection; Airline Shares Take-off; MasterCard’s “Priceless” Quarter; Gildan Shares Sacked for a 30% Loss The Conference Board's consumer confidence index fell to 62.3 in April, a five year low, Bloomberg […]
It Takes a Task Force: The U.N.'s Latest Attempt to Feed the Planet
By Jason Simpkins And William Patalon III Money Morning Editors United Nations Agencies and the World Bank yesterday (Tuesday) set up a special task force and called on countries to stop restricting food exports – the latest evidence that an escalating global food shortage is threatening to spiral out of control. "We consider that the […]
India and Iran Plan Move Gas Project Forward Despite U.S. Reservations
By Jason Simpkins Associate Editor After a visit to Sri Lanka, Iranian Prime Minister Mahmoud Ahmadinejad stopped off in India yesterday (Tuesday) to put the finishing touches on an agreement that will bring Iranian gas to Pakistan and India through a $7.6 billion pipeline. The 1,615-mile pipeline will transport 30 million cubic meters of natural […]
Housing Slump Continues
By Jennifer Yousfi Managing Editor Housing prices continue to fall in 20 major metropolitan areas, according to the S&P/Case-Shiller home-price index released yesterday (Tuesday). The index dropped 12.7% in February from a year ago, a bigger drop than was anticipated and the largest decline since the index's inception in 2001. The index has had back-to-back […]
Mars Teams up With Berkshire Hathaway and Warren Buffett in $23 Billion Buyout of Wrigley
By Jennifer YousfiManaging Editor Take two leading candy companies, mix in $23 billion, and add in a pinch of investing guru Warren Buffett and what do you get? How about one of the largest candy companies on the planet… Closely held Mars Inc. – with a sweet $4.4 billion in debt financing from Buffett and […]
"Dire Inflation Outlook" for the EU and Sluggish Growth Add to ECB Woes
By Jason Simpkins Associate Editor The European Commission, the executive branch of the European Union, said yesterday (Monday) that Eurozone growth would continue to erode throughout 2008 and 2009. But here’s the wild card: Inflation is actually expected to accelerate for the rest of this year and much of next – even in the face […]
Global Investing Roundups
Sohu Soars on 156% Jump in Revenue; Price of Crude Can't be Contained; Kerkorian Riding Shotgun at Ford; Verizon Gets a Boost From Wireless Business; Visa Profit Up 28%; BoA to Modify $40 Billion in Loans; Corn Continues to Grow in Price; Questar's Piping Hot Earnings Report Chinese Internet media company Sohu.com Inc. (SOHU) […]
Continental Jettisons United, Eos Grounded; Domestic Airline Woes Escalate
By Jennifer YousfiManaging Editor Continental Airlines Inc. (CAL) said it would forgo a merger with UAL Corp.'s (UAUA) United Airlines unit, while all-business-class carrier Eos Airlines Inc. ceased operations after filing for bankruptcy protection – two weekend developments that illustrate the escalating pressures that domestic air carriers continue to face. Continental's management ended months of […]