Archives for June 2008

June 2008 - Page 11 of 13 - Money Morning - Only the News You Can Profit From

Global Investing Roundups

Continental's Cost Cuts; Possible Eurozone Telecom Merger; Rising Tide of Foreclosures; Jobless Claims Drop; Inflation Controls Threaten China Stocks; Honeywell Shot Full of Holes; Dupont's Bumper Crop; Novartis on the Guard Against Influenza Continental Airlines Inc. (CAL) became the latest airline to announce reduced flight service and jobs cuts yesterday (Thursday). Continental will eliminate 3,000 […]

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Cashing in on Commodities: Will Gold Hit $1,500 an Ounce?

Editor's Note: This is the sixth installment of a new Money Morning series highlighting investment opportunities in the global bull market in commodities. By Mike Caggeso Associate Editor Gold prices have skidded about 15% since the "yellow metal" hit an all-time record of $1,032 an ounce on St. Patrick's Day. The retreat has most certainly […]

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ECB Stands Firm Against Inflation

By Jennifer YousfiManaging Editor After voting to hold rates steady at its monthly meeting yesterday (Thursday), European Central Bank (ECB) President Jean-Claude Trichet said a rate hike in July is "possible." Inflation in the Eurozone is running at a 16-year high.  And on Wednesday, the Organisation for Economic Cooperation and Development (OECD) boosted its inflation […]

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The Statistical Battleground

With consumer confidence now testing generational lows, our politicians are, nevertheless, continuously assuring us that the economy is strong and that there is no cause for worry. Although it is standard procedure for governments to soothe their citizenry with placebo politics in order to avoid panic and uprising, there is a line after which such […]

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Japan Makes Way for China Tourist Money

By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report From my vantage point on my recent visit to both China and Japan, the signs are clear. China is coming. And Japan knows it. Major department stores like Takashimaya Co. Ltd., Sogo Co. Ltd. and Mitsukoshi Ltd. are gearing up. In places like Tokyo, Osaka and Kyoto, […]

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Global Investing Roundups

ADP Paints Positive Job Picture; MetLife Buys into Mortgages; United's Ongoing Cost Battle; Smucker Strikes a Deal with P&G; U.S. Service Sector Continues to Grow; Emerson Abandons Bid for Chloride; Bob Evans Serves Meaty 4Q Profits; Icahn Moves to Replace Yahoo's Yang Automatic Data Processing's (ADP) National Employment Report, released yesterday (Wednesday) indicated that 40,000 […]

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U.N. Calls for Increased Cooperation to Fight Growing Global Food Crisis

By Jennifer YousfiManaging Editor The United Nations announced yesterday (Wednesday) that an additional $20 billion would be needed each year to combat global hunger. On the second day of a three-day summit hosted by the U.N.'s Food and Agriculture Organization in Rome, leaders from 40 nations and representatives from 183 countries met to address the […]

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India Fuels Inflation by Bailing Out Refineries

By Jason SimpkinsAssociate Editor Soaring oil prices have forced Indian authorities to raise subsidized fuel prices and risk propelling inflation that is already running at a three-year high.  The Indian government subsidizes most fuel costs, meaning state oil firms are forced to sell fuel at hugely discounted rates to shield consumers from inflation. But with […]

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