By Jason Simpkins Associate Editor Money Morning Obama Stimulus Package Updated Articles – 2/19/09Obama's New Stimulus Plan May Be the Needle That Pops the Treasury-Bond Bubble Geithner to be a key player in the stimulus saga, going forward….. Treasury Secretary Geithner Confirmed, Begins Difficult Journey Financial Crisis Challenges Escalate as Republicans Announce Plans to Oppose […]
Archives for November 2008
November 2008 - Page 2 of 10 - Money Morning - Only the News You Can Profit From
Global Investment News Briefs
Existing Home Sales Down 3.1%; Chile’s 3Q GDP Beat Forecast; SunPower Finishes 18-Megawatt Plant; Cnooc Pushing to Develop More Oil Sites; Alpharma Gets Kinged; Xerox On Track; Oil Jumps 9%; Sales of existing homes fell 3.1% in October, the lowest drop in four years, Reuters reported. Over the past year, medium home prices also declined […]
Hedge Funds Have Another $200 Billion to go to Complete Their "De-leveraging"
[This is the newest installment in an ongoing news series that looks at the anticipated “aftershocks” of the global financial crisis, in some cases even exploring possible profit opportunities.] By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Hedge funds looking to slash their use of borrowed money may have to unload another $200 billion […]
GM Taking Swift Cost-Cutting Action
By Mike Caggeso Associate Editor Money Morning Running out of cash and in danger of collapse, General Motors Corp. (GM) will try to negotiate for new union work rules and seek to cut debt levels in attempt to boost its chances of securing crucial federal loans. GM is also considering dropping brands of vehicles and […]
Citigroup Lands Government Rescue Plan
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Banking giant Citigroup Inc. (C) received $306 billion of U.S. government guarantees for troubled mortgages and toxic assets, in a rescue package that will save the embattled bank from a possible breakup or sale after its stock plunged 60% last week. Citigroup will also receive a […]
Will "Black Friday" be Just a "Black" Friday for Retailers as the Holiday Shopping Season Begins?
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Reports As Thanksgiving approaches, the American people should be thankful for the declining gasoline prices that help enable many of them to afford holiday travel this year. Speaking of the holiday, after the traditional bird has been devoured, one additional time honored tradition remains – shopping. The […]
Timothy Geithner, Career Finance Official, is Obama's Nominee for Treasury Secretary
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Timothy F. Geithner, the New York Federal Reserve Bank president who rose to prominence earlier this year as a key official in the government's financial rescue measures – is to be secretary of the Treasury, designated White House senior advisor David Axelrod told Fox News yesterday […]
Buy, Sell or Hold: Google Inc.
When – on August 22, 1851 – schooner-yacht America defeated 15 other yachts representing the Royal Yacht Squadron, racing around the Isle of Wight in England to win the renamed “America’s Cup,” Queen Victoria asked who was second. The famous answer was: "Ah, Your Majesty, there is no second." Similarly, in the search-engine category, Google […]
OPEC Left to Deliberate as Oil Prices Plummet
By Jason Simpkins Associate Editor Money Morning Crude oil prices have plunged two- thirds from its record high during the summer, and the likelihood they’ll fall further has caused panic among oil-producing nations and inspired the Organization of Petroleum Exporting Countries (OPEC) to call another meeting this week to discuss possible production cuts. After blitzing […]
International Retail Guru Michael Duke to Replace Lee Scott as Wal-Mart CEO
By Jason Simpkins Associate Editor Money Morning Wal-Mart Stores Inc. (WMT) has announced that H. Lee Scott Jr., 59, will be stepping down as the retail giant’s chief executive officer, effective Feb. 1. He will be succeeded by Michael “Mike” T. Duke, 58, head of the company’s overseas operations. The announcement surprised some analysts, both […]