By Jennifer YousfiManaging Editor The U.S. markets took a beating yesterday (Thursday) as retail sales sputtered and jobless claims surged. At the New York close, the blue-chip Dow Jones Industrial Average Index had posted a loss of 344.65 points (-2.99%), to trade at 11,188.23. The tech-laden Nasdaq Composite Index dropped 74.69 points (-3.20%), to reach […]
Archives for September 2008
September 2008 - Page 10 of 11 - Money Morning - Only the News You Can Profit From
As Japan's Economic Sun Sets - Albeit Temporarily - Look to Korea as an Asian Profit Play
By Martin Hutchinson Contributing Editor I have been much more positive about the Japanese economy than most other analysts in recent months, largely because I believed that many of the problems from the Japanese recession of 1990-2003 were finally in the country’s rearview mirror. In particular, I believed that the Japanese budget deficit – which, […]
Global Investing Roundups
Red Hat’s Purchase; Toll Bros. NYC Worries; Dollar Rally; Unilever’s New CEO; Fed President Sees Room for Cut; Boeing’s Labor Woes Red Hat Inc. (RHT) yesterday (Thursday) announced it had purchased privately held software company Qumranet Inc. for $107 million in cash. The Raleigh-based software distrubutor expects the purchase to knock 5 to 6 cents […]
ECB Holds Steady in Fight Against Inflation, Despite Contracting Economy
By Jennifer YousfiManaging Editor Despite economic contraction in the second quarter, the European Central Bank (ECB) yesterday (Thursday) maintained its hawkish stance on inflation. Led by President Jean-Claude Trichet, the ECB’s monetary policy committee voted to hold interest rates steady at 4.25%. “Upside risks to price stability prevail,” Trichet said at a press conference in […]
Four Ways to Fight the Incoming… “Oil-Flation Epidemic”
This free report reveals why Oil-Flation is here to stay… and what you can do to beat it starting now.
China Huiyuan Quenches Coca-Cola's Thirst for Foreign Exposure, but Still Faces Regulatory Scrutiny
By Jason Simpkins Associate Editor The Coca-Cola Co. (KO) announced yesterday (Wednesday) that it will buy China Huiyuan Juice Group Ltd. for $2.3 billion (HK$17.9 billion) in an effort to diversify its presence in one of the world's fastest-growing beverage markets. But the deal still requires government approval, which is anything but guaranteed. Coca-Cola's offer […]
FDIC Quandary Could Stick U.S. Taxpayers With the Tab for the U.S. Credit Crisis
By Keith Fitz-GeraldInvestment Director Money Morning/The Money Map Report The "Bailout Bens" are at it again. I'm talking, of course, about U.S. Federal Reserve Chairman Ben S. Bernanke, who's clearly decided it will be "bailouts for all." Why is this problematic? Federal Deposit Insurance Corp. Chairman Sheila C. Bair last week said that the government […]
Global Investing Roundups
Gloomy Beige Book Report; Weak August for Autos; Layoffs at GMAC; Fraud Charges for Former Credit Suisse Brokers; Factory Orders Rise; Staples Profit Squeezed; United Technologies Lands $80m Jet Deal; Liberty Spins Off DirectTV The U.S. Federal Reserve released its Beige Book report yesterday (Wednesday), which looks at the economic conditions in the 12 Fed […]
KDB Still Angling for a Piece of Lehman Brothers
By Jennifer YousfiManaging Editor Lehman Brothers Holdings Inc. (LEH) is scrambling to find a much-needed capital injection prior to announcing fiscal third quarter results this month. State-controlled Korea Development Bank, or KDB, confirmed it would take a 25% stake in the struggling Wall St. investment bank if it could find enough private sector partners to […]
Oil Slides on Safe Storm Passing, Stronger Dollar
By Jennifer YousfiManaging Editor Oil prices dropped yesterday (Wednesday) as news that oil majors’ Gulf of Mexico facilities were unscathed coupled with the dollar’s seven-month high against the euro sent crude futures lower. Light sweet crude oil for October delivery dropped 86 cents to $108.85 per barrel on the New York Mercantile Exchange (NYMEX) yesterday. […]