By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report There's an incredible story taking place in Asia. Based on my 20 years of experience in the region and formal academic study, you can believe me when I say that this may well be the most pivotal event in 20 centuries of Sino-Japanese relations. We've […]
Archives for May 2008
May 2008 - Page 3 of 14 - Money Morning - Only the News You Can Profit From
Global Beer Titan InBev to Make $46 Billion Offer for No. 1 U.S. Brewer, Anheuser-Busch
By Jennifer Yousfi Managing Editor Shares of the largest U.S. brewer, Anheuser-Busch Companies Inc. (BUD), maker of such iconic brands as Budweiser and Bud Light, shot up more than 7% on Friday on news that the Belgium-based InBev NV was considering a $46 billion takeover bid. European beermaker InBev is the world's largest brewer. Its […]
Major Lending Pullback Predicted by Maverick Wall Street Analyst Could Have Dire Implications for U.S. Economy
By William Patalon III Executive EditorMoney Morning/The Money Map Report Oppenheimer & Co. (OPY) analyst Meredith Whitney's reputation has soared like a skyrocket since she made her bearish – but highly prescient – call on the banking sector, including Citigroup Inc. (C), as Money Morning reported last fall. Now she's back. And her outlook for […]
Cashing in on Commodities: Lumber & Paper Mills Struggle as Timber Stands Tall
Editor's Note: This is the third installment of a new Money Morning series highlighting investment opportunities created by the global bull market in commodities. By Don MillerContributing Writer There's a classic squeeze going on in the timber markets right now. As you might expect, the U.S housing slump is reducing demand for finished lumber. Meanwhile, […]
Rising Energy Prices Will Hold Down Retail Sales, Corporate Earnings and Even Travel Spending This Summer
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report When U.S. Department of Energy analysts told you more than a month ago that gasoline prices would peak at about $4 a gallon around Memorial Day, we told you they were wrong. Gas prices, we said, were destined to head much, much higher. Clearly, we were […]
With Oil Prices in the Stratosphere, Bidding Battle Ensues for Expert on Deep-Sea Exploration
By Jennifer Yousfi Managing Editor The higher crude-oil prices climb, the deeper in the oceans it becomes worthwhile for exploration companies to drill. So it's no surprise a bidding battle is under way for deep-water-drilling expert Expro International Group PLC (PINK: EXPRF), of the United Kingdom. On Friday afternoon, a private-equity consortium headed up by […]
Cashing in on Commodities: What's Driving the Oil Bull, How Much Further It Will Go, and How Investors Can Profit
Editor's Note: This is the second installment of a new Money Morning series highlighting investment opportunities created by the global bull market in commodities. By Jason Simpkins Associate Editor Exactly 12 months ago, West Texas Intermediate crude oil was trading at just under $63 a barrel. Yesterday (Thursday) futures prices for that benchmark grade of […]
Global Investing Roundups
WTO’s Global Trade Deal; Ford’s Lowered Expectations; Surprise Decline in Jobless Claims; Oil Drags on Hang Seng; Wider Loss for B&N; Big Oil Spends $1.3 Million in 1Q Lobbying; Bill Miller Joins Ichan in Pressuring Yahoo; IEA to Probe World’s Oil Supply; Medtronic Coughs Up $75 Million to Settle Suit The World Trade Organization (WTO) […]
NRG Looks to Electrify its Business with $11.3 Billion Calpine Takover
By Jason SimpkinsAssociate Editor Princeton, NJ- based NRG Energy Inc. (NRG) has publicly acknowledged its estimated $11.3 billion takeover bid for Calpine Corp. (CPN) – a wholesale provider of electricity emerging from chapter 11 bankruptcy protection. NRG acknowledged Wednesday that it made the initial $22.98 a share offer on May 14. NRG said the deal […]
Shares of Canada's BCE Plunge After Investors Learn Proposed LBO is in Jeopardy
From Staff Reports Shares of BCE Inc. (BCE) suffered their biggest downdraft in at least a quarter century yesterday (Thursday), after an unexpected court ruling threatened to derail a $53.9 billion leveraged buyout (LBO). A collapse would make it the biggest LBO ever to fail. Indeed, BCE would top the list of 62 LBOs – […]