Archives for July 2008

July 2008 - Page 9 of 12 - Money Morning - Only the News You Can Profit From

Buried Treasure at the Federal Reserve?

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Every market cycle has its genius. Even a market cycle as wild and volatile as this one has been. And the latest genius might be just what the U.S. Federal Reserve needs to restore order around here: She might even be able to bring credibility […]

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Global Investing Roundups

Retailers Report 4.3% Bump in Sales; Toyota Changes Direction; Whirlpool Closes Two Factories; Brazil and Vietnam Come Together; GE Spin-Off; New Wachovia CEO; IAM Wants Fair Bidding; Oil Jumps Over $5 on Political Tension Retailers reported a 4.3% increase in sales in June gain as rebate checks again bolstered consumer spending. Wal-Mart Stores Inc (WMT), […]

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Freddie Mac and Fannie Mae Rocked by Liquidity Concerns

By Jennifer YousfiManaging Editor Investor worry over the solvency of U.S. mortgage-giants Freddie Mac (FRE) and Fannie Mae (FNM) have gutted the stocks over the last few days more than halving their market capitalizations. News of a possible government-sponsored bailout sent Freddie Mac and Fannie Mae shares plunging yesterday (Thursday) dangerously close to new 52-week […]

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Dow Makes $18.8 Billion Offer for Rohm and Haas

By Jennifer YousfiManaging Editor The Dow Chemical Co. (DOW) yesterday (Thursday) announced its plans to buy rival Rohm and Haas Co. (ROH) in an $18.8 billion deal, $3 billion of which will come from Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B). News of the Dow buyout sent Rohm and Haas shares soaring over 60% by […]

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Global Investing Roundups

Chrysler Building Sold to Abu Dhabi; 2,500 Employees Depart From Northwest; Icici Bank on the Prowl; OPEC Revenue to Jump 86%; Steve & Barry's Bankruptcy; Bear Market S&P; Busch to Shareholders: Just Say No; Bank of America Chief Sees Mid-Year Recovery New York's Chrysler Building, the an iconic piece of the city's skyline and the […]

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Eurozone Growth Revised Down as Inflationary Pressures Trump Economic Growth

By Jason SimpkinsAssociate Editor First-quarter growth in the 15-nation Eurozone was weaker than first reported, yet another worrying development for a region already struggling with soaring inflation. The combined Eurozone economy grew by 0.7% in the first quarter compared to the three months prior, revised down from a previous forecast of 0.8%, Eurostat reported. While […]

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Boeing Projects Increased Demand Despite High Oil, Weak Economy

By Jennifer YousfiManaging Editor The Boeing Co. (BA), one of Money Morning's "Global Titans," yesterday (Wednesday) released a report that predicted $3.2 trillion in aircraft sales over the next 20 years, as air travel picks up despite current price pressures. "During 40 years of producing the Current Market Outlook, we have learned that the resilience […]

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