[“Hot Stocks” is a new Money Morning feature that analyzes the investment outlook of global companies that are in the news. This is the third installment of this new investment series.] By William Patalon III Executive Editor Money Morning/The Money Map Report In an announcement that kicks off two weeks of corporate-earnings reports that will […]
Archives for October 2008
October 2008 - Page 8 of 14 - Money Morning - Only the News You Can Profit From
Paulson Announces New Plans to Buy Equity Stakes in Banks and Revive Credit Markets
By Jason Simpkins Associate Editor The U.S. government yesterday (Tuesday) announced plans to invest $250 billion, more than a third of the $700 billion congressional bailout allotment, into nine of America’s largest banks in an effort to bolster confidence in the financial system. Similar to steps taken by European governments earlier this week, the government […]
GM and Ford Choose Different Routes to Return to Profitability
By Jennifer YousfiManaging EditorMoney Morning Shares of Ford Motor Co. (F) and General Motors Corp. (GM) posted gains yesterday (Tuesday) on speculation that consolidation in the U.S. domestic auto industry could be the struggling sector’s saving grace. Over the last three trading sessions, Ford shares are up almost 18%, while GM shares are up over […]
Global Investing Roundups
Visa and MasterCard Settle Up; Daimler’s Plant Closures; Apple’s Christmas Bargain; Johnson Controls’ Weak Outlook; Gas Prices Down 23% From July; U.S. Budget Deficit the Highest Ever; Pepsi Fizzles Visa Inc. (V) and MasterCard Inc. (MA) have settled an antitrust suit with Discover Financial Services Inc. (DFS) rather than go to trial, sending Discover shares […]
Strong Gains in Asia and Europe as Governments Act to Instill Confidence in Global Banks
By Jennifer YousfiManaging EditorMoney Morning Overseas markets surged early today (Tuesday) as government-backed bank-bailout plans in the United States, Europe and Japan persuaded investors to jump back into stocks. Japan’s Nikkei 225 Index set a record one-day gain today, soaring 14.2%, or 1,171.14 points, to close at 9,447.57, after being closed yesterday (Monday) for a […]
How U.S. Missteps Triggered a Spiral of Worldwide Margin Calls and Deepened the Financial Crisis
By Shah GilaniContributing EditorMoney Morning [This is the eighth installment of an ongoing series in which Shah Gilani breaks down the credit crisis for readers.] In the mid-80s, I ran a private partnership – call it a hedge fund – from the floor of the Chicago Board of Options Exchange Inc. (CBOE). I was an […]
Dow Zooms to Record Gain Yesterday on Reports The Government Will Reveal Banking Bailout Plan Details Early Today
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report U.S. stocks yesterday (Monday) staged their biggest rally since the Great Depression – with the Dow Jones Industrial Average soaring an all-time record 936 points – on a Federal Reserve-led push to flood the ailing global financial system with dollars and on a U.S. government plan […]
Special Credit Crisis Commentary: Don't Let the Market Rally Steal Your Long-Term Profits
[Although the Dow Jones Industrial Average soared 936 points yesterday (Monday) to post its biggest one-day gain ever, Money Morning’s Keith Fitz-Gerald cautions against abandoning defensive positions.] By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report With the huge rally we saw yesterday (Monday), the question most investors are going to ask themselves is […]
United Kingdom Leads European Nations in Coordinated Effort to Cut Off the Credit Crisis
By Jason Simpkins Associate Editor Governments across Europe yesterday (Monday) took the first step in a new, coordinated effort to subvert the widening credit crisis and restore functionality to the markets by guaranteeing new debt and using taxpayer money to bail out troubled lenders all over the continent. The sweeping actions followed a pact reached […]
Japan's Mitsubishi UFJ Takes 21% Stake in Morgan Stanley as Spain's Santander Moves on Sovereign
By Jason Simpkins Associate Editor Morgan Stanley (MS) announced yesterday (Monday) that it closed its long-awaited deal with Mitsubishi UFJ Financial Group (ADR: MTU), giving Japan's largest financial group a 21% stake in the beleaguered U.S. investment bank. Meanwhile, Sovereign Bancorp Inc. (SOV) confirmed last night that it has agreed to be bought out by […]