By Jason Simpkins Associate Editor Stock prices soared in China yesterday (Thursday) after the government announced Wednesday night that a tax on stock trades would be reduced. Beijing's decision to lower the trade tax from 0.3% to 0.1% was motivated by a steep drop in many mainland indices over the past six months. The Shanghai […]
Archives for April 2008
April 2008 - Page 3 of 14 - Money Morning - Only the News You Can Profit From
Ford Posts Unexpected Profit on International Strength, Domestic Cost Cuts
By Mike Caggeso Associate Editor Ford Motor Co. (F) surprised analysts with a $100 million in first-quarter profit, or 5 cents a share – the result of increased sales overseas and 4,200 job cuts in North America. Analysts had forecast a loss, as Ford posted a $282 million loss a year earlier and a $2.7 […]
Boeing Earnings Surprise Wall Street Just One Day After Weak Dollar Forces Airbus to Raise Prices
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Just one day after arch-rival Airbus SAS was forced to raise prices because of a weak dollar, The Boeing Co. (BA) said yesterday (Wednesday) that its first-quarter profits soared 38%, easily eclipsing Wall Street expectations. Shares of the world's No. 2 commercial jetliner-maker soared $3.53 each, […]
Six Ways to Protect Yourself - and Profit - From a Global Food Crisis That's Here to Stay
By William Patalon III Executive EditorMoney Morning/The Money Map Report When the leader of the United Nation's World Food Programme warned that a "silent tsunami" of hunger is sweeping the globe because of soaring food prices, a lot of folks probably viewed it as just another clever sound bite tossed off by a bureaucrat. Don't […]
Big Oil Digs Deep to Solve a Growing Problem: Where Will Tomorrow's Oil Come From?
By Jason Simpkins Associate Editor The Kingdom of Saudi Arabia is the world's leading petroleum exporter. Officially, it has reserves of about 260 billion barrels of crude oil – approximately 24% of the world's total proven petroleum reserves. But Saudi Arabia has a problem. And it's the same one that every oil-producing nation will face someday: […]
Global Investing Roundups
Ambec Bombs in First Quarter; Liberty Mutual to Buy Safeco for $6.2 Billion; Ballmer Ready to Walk on Yahoo Bid; Mortgage Applications Plummet; Susquehanna Bancshares Posts Strong First Quarter; Rice in Short Supply; MBIA Drops on Rival's Loss; Communication Shares Jump on Rosy Outlook Ambec Financial Group Inc. (ABK), the world's second-largest bond insurer, posted […]
Expert Support Increases for Money Morning's Prediction That Oil Prices Could Approach $200 a Barrel
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Global Oil experts continue to climb aboard the Money Morning bandwagon. It was back in mid-December, when crude oil was trading at $90 a barrel, that Money Morning Investment Director Keith Fitz-Gerald first publicly predicted that petroleum prices would reach $187 a barrel within three years. […]
Changes at the Top for UBS Aim to Send Swiss Bank in New Direction
By Jennifer YousfiManaging Editor At its annual shareholder meeting yesterday (Wednesday), Swiss bank UBS AG (UBS) announced it would cut expenses, raise additional capital and replaced its chairman. Speaking before 4,200 shareholders in Basel, Switzerland, Chief Executive Officer Marcel Rohner said the bank would look to reduce expenses, particularly in its investment banking division. Story […]
With Delta and Northwest Quarterly Losses, All Five Major U.S. Carriers Start 2008 in the Red
By Mike CaggesoAssociate Editor High fuel prices are to blame for Delta Air Lines Inc.'s (DAL) and Northwest Airlines Corp.'s (NWA) first-quarter losses, the companies said separately. For the quarter, Delta posted a net loss of $274 million, or 69 cents per diluted share. Northwest, which Delta agreed to merge with a couple weeks ago, […]
As Oil Prices Hit Another Record High, Consider These Three Ways to Profit From This Long-Term Gusher
By Martin HutchinsonContributing Editor Venezuelan President Hugo Chavez said a few months ago that if the United States invades Iran, we could expect to see oil at $200 a barrel. With oil already approaching the $120 mark, we may get there even without invading Iran. [Perhaps President Chavez could be tempted out of his chaos-causing […]