By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report General Electric Co. (GE) expects its business in China to double to $10 billion a year by 2010, as the U.S. industrial giant aims to overcome a sputtering U.S. economy by ramping up its emerging-markets focus. "We've seen great growth in China," GE Chief Executive Officer […]
Archives for September 2008
September 2008 - Page 9 of 11 - Money Morning - Only the News You Can Profit From
Global Investing Roundups
St. George Agrees to Takeover; Chile's Pension Funds go Global; Lights Out at LSE; KDB Warned Over Lehman; United Air's Costly Misprint; Consumer Spending Cutback; Oil Traders Eye Ike; P&G Sells Noxzema St. George Bank Ltd., Australia's fifth-largest bank, yesterday (Monday) agreed to a revised $14.4 billion takeover offer from larger rival Westpac Banking Corp. […]
Altria Group's $11.4 Billion Purchase of UST Could Spark More Tobacco Takeovers
By Jennifer YousfiManaging Editor Altria Group Inc.’s (MO) purchase of UST Inc. (UST), the largest smokeless-tobacco maker, could spark a wave of consolidation in the domestic tobacco industry. Altria is the owner of Phillip Morris USA, maker of Marlboro cigarettes. It offered $69.50 per share in cash for UST, the maker of Skoal and Copenhagen […]
WaMu Ousts Killinger, the Latest Subprime Casualty
By Jason Simpkins Associate Editor Kerry Killinger yesterday (Monday) was ousted from his position as Chief Executive Officer of Washington Mutual Inc. (WM), the biggest U.S. savings and loan, after a ceaseless torrent of mortgage-related losses resulted in a 90% decline in WaMu stock. Alan Fishman, Chairman of Meridian Capital Group, will take Killinger’s place. […]
With OPEC Meeting Looming, and Emerging Markets Growing, Oil Prices May Only be Temporary
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Analysts are trumpeting the recent drop in oil prices as a step toward normalcy. But is this celebration premature? Or perhaps even misplaced? After all, we all know that over the long haul, energy prices are headed in only one direction – higher. Crude oil plunged […]
U.S. Government Takes Control of Ailing Mortgage Giants Fannie Mae and Freddie Mac
By Jennifer YousfiManaging Editor In what could prove to be the biggest federal bailout in U.S. history, the federal government will take control of mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) – the U.S. government's latest attempt to blunt a credit crisis that has spawned more than $500 billion in losses since it […]
Buy, Sell or Hold: Nucor Corp.
Several Money Morning readers have written to ask about steel-sector stocks, which have taken investors on a roller-coaster ride in the past year. After analyzing the sector, I came to one very strong conclusion: With its terrific fundamentals, Nucor Corp. (NYSE: NUE) is poised for significant gains. Steel stocks, which had seen a 36% climb […]
Jim Rogers: How the Federal Reserve Will Fail and the One Sector Every Investor Should Be In
VANCOUVER, B.C. – The U.S. financial crisis has cut so deep – and the government has taken on so much debt in misguided attempts to bail out such companies as Fannie Mae and Freddie Mac – that even larger financial shocks are still to come, global investing guru Jim Rogers said in an exclusive interview with Money Morning.
Indeed, the U.S. financial debacle is now so ingrained – and a so-called "Super Crash" so likely – that most Americans alive today won't be around by the time the last of this credit-market mess is finally cleared away – if it ever is, Rogers said.
The end of this crisis "is a long way away," Rogers said. "In fact, it may not be in our lifetimes."
Four Secrets That Will Help You Survive - and Even Profit From - the Whipsaw Stock Market
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report After zooming about 7% from mid-July to mid-August, U.S. stocks have dropped about 5% – a whipsaw-pattern decline that was punctuated by the 2.99% sell-offs in both the Dow Jones Industrial Average and Standard & Poor’s 500 Index yesterday (Thursday). But none of that’s a […]
Protest at Tata Plant Evidence of Indian Identity Crisis
By Jason SimpkinsAssociate Editor At a price of just $2,500 each, Tata Motors Ltd.’s (TTM) Nano was billed early in its development as the world’s cheapest automobile and the only car that was both affordable and practical enough for India’s quickly burgeoning middle class. But the car that was emerging as a bright symbol of […]