By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report It's one of the biggest product-development programs in Asia right now, and it could easily determine whether Japan remains a global industrial powerhouse – or limps into the future as an international has been. More than 30 years after Japan's only airliner program since World War […]
Archives for May 2008
May 2008 - Page 9 of 14 - Money Morning - Only the News You Can Profit From
Will This Week's Retail Reports Help Investors Decode the Mystery of the U.S. Economy?
Editor's Note: Due to a technical error, yesterday's Money Morning newsletter contained the wrong lead story. Although the story was posted to our Web site late yesterday morning, we've re-sent the story to news-service recipients who might not have seen it. By William Patalon III Executive Editor Money Morning/The Money Map Report The U.S. retail […]
Soaring Oil and Gasoline Prices Worry Cost Conscious U.S. Consumers
By Jennifer YousfiManaging Editor The effects of soaring oil prices are finally trickling down to the pump and consumers are feeling the pinch. On Friday, oil futures hit a new record of over $126 per barrel. Prices jumped 7.4% last week, with crude oil for June delivery trading as high at $126.20 on the New […]
Weak Dollar Narrows Trade Deficit, but Inflation Blunts Consumer Demand
By Jason SimpkinsAssociate Editor The trade deficit narrowed significantly in the month of March, as developing markets took advantage of a weak dollar and stocked up on American goods. The gap shrank 5.7% from a revised $61.7 billion in February to $58.2 billion, the Commerce Department reported. Imports decreased 2.9% as the country experienced sluggish […]
Circuit City Puts Itself on the Auction Block, Opens Books to Blockbuster and Icahn
By Mike Caggeso Associate Editor Struggling electronics retailer Circuit City Stores Inc. (CC) announced Friday that it has put itself on the auction block and has hired Goldman Sachs Group Inc. (GS) to help target "strategic alternatives." Interested suitor (and also a struggling media outlet) Blockbuster Inc. (BBI) couldn't be happier. Last month, Blockbuster and […]
The View From China: The Single Secret That Will Put You on the Pathway to Profits
Money Morning Investment Director Keith Fitz-Gerald is currently leading an investment trip through China, taking in that country's culture and scenery, as well as its investment opportunities. Here is Part IV of a short series detailing his observations and discoveries. By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report BEIJING, CHINA – Whether you're […]
With the New Russian President Vowing to Steer a Steady Ship, U.S. Investors Can Look to Profit
By Martin Hutchinson Contributing Editor New Russian President Dmitry Medvedev wants better links with Europe. Judging by the performance of outgoing President Vladimir Putin, Europe should beware: The so-called "links" he's seeking may resemble those used to chain together prisoners in the Gulag. On the other hand – though it's admittedly unpleasant to say so […]
Global Investing Roundups
MySpace Expands Deeper into Cyberspace; News Corp. Posts $2.7 Billion Profit; Gasoline and Crude Hit New Records; Weekly Unemployment Applications Decline; Latin America Attracts $106 Billion in 2007; ECB and BOE on Pause; New Alcoa CEO; Barr Comes Up Short Trying to one-up its social-networking rival Facebook Inc., MySpace.com will allow users the option to […]
A Weak Dollar and Sluggish U.S. Economy Accelerate Toyota's Retreat to Emerging Markets
By Jason Simpkins Associate Editor A weak dollar and an even weaker U.S. economy have proved to be serious roadblocks for Toyota Motor Corp. (TM), which reported a 28% decline in net income for its fiscal fourth quarter. The company said it expects its first annual profit drop in nine years to occur in fiscal […]
Best Buy Plugs into Europe with $2.1 Billion Carphone Warehouse Partnership
By Mike Caggeso Associate Editor Best Buy Co. (BBY) is planting its flag in European soil with a $2.1 billion 50-50 joint venture with London-based Carphone Warehouse Group PLC, giving the largest U.S. electronics retailer a much-needed inroad to Europe's highly competitive electronics retail market. Story continues below… Best Buy has a near monopoly in […]