By Jason Simpkins Associate Editor Money Morning Speculation that oil prices are beginning to bottom helped push crude contracts higher yesterday (Wednesday), as traders closed out short positions and rumors surfaced that both Russia and the Organization of Petroleum Exporting Countries (OPEC) are planning to cut production next week. Light, sweet crude for January delivery […]
Archives for December 2008
December 2008 - Page 8 of 11 - Money Morning - Only the News You Can Profit From
Beware The Value Trap
[Editor’s Note: Louis Basenese is the Associate Investment Director of The Oxford Club and regular contributor to Investment U. He is one of the top analysts and most sought after speakers on financial topics in the country.The following article first appeared in Investment U. But because of the quality, we wanted to share it with […]
Hot Stocks: McDonald's Serves Up Juicy Profits After Global Makeover
By Jason Simpkins Associate Editor Money Morning McDonald’s Corp. (MCD) is the quintessential American fast-food chain. For decades, its golden arches have dotted the U.S. landscape, its advertisements have dominated the airwaves, and its catchy slogans and jingles have been drilled into our brains. But McDonald’s ability to adapt to shifting consumer demand and build […]
Global Investing Roundups
Report: Russia, China Biggest Bribers; Coffee Prices Continue Falling; October Existing Home Sales Slump; China Wants More Help From BHP; Yahoo Closing in on New CEO; FedEx Lowers Guidance 26%; Lehman Selling French Unit for $1; NFL to Cut 150 Jobs Companies from Russia and China are most likely to use bribes when conducting business […]
Facing Falling Demand, Sony Lops Off 16,000 Jobs
By Mike Caggeso Associate Editor Money Morning Surrounded by global recession, Tokyo-based Sony Corp. (ADR: SNE) said it plans to eliminate 16,000 jobs, the biggest of several moves intended to cut more than $1.1 billion (100 billion yen) from its annual expenses by March 31, 2010. Its cost-cutting operation only applies to its electronics division, […]
The Big Three Need a Shakeout, Not a Bailout
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report I don't know about you, but my jaw literally hit the floor when the chief executives of Detroit's "Big Three" begged for a taxpayer-funded bailout. Never mind that General Motors Corp (GM), Ford Motor Co. (F) and Chrysler LLC are now seeking an aggregate $34 […]
China Stocks Advancing as Beijing Boosts Investments
By Mike Caggeso Associate Editor Money Morning Seemingly under the radar, China's Shanghai Composite Index has risen 17.7% since Nov. 1. Specifically – and not coincidentally – the index began its rise Nov. 10, the day after Beijing announced an ambitious economic stimulus plan that will pour $585 billion into housing, water-and-energy projects, airports, disaster […]
Global Investing Roundups
Tribune Files for Bankruptcy; Dow Cuts 5,000 Jobs; Pay Cut for Morgan Stanley Execs; Sen. Reid Scolds Thain's Bonus Request; AB InBev to Cut 1,400 U.S. Jobs; China Offers Petrobas $10 Billion Loan; McDonald's November Sales Soar Dealing with $13 billion in debt and declining revenues, media and sports conglomerate Tribune Co. filed for bankruptcy […]
Obama’s Talk of Infrastructure Investment Moves Monday Markets
By Mike Caggeso Associate Editor Money Morning Warning that more pain will precede the positive, President-elect Barack Obama said in a weekend interview and press conference that he plans a massive investment in infrastructure to create jobs and stimulate grounded and long-lasting economic growth. Speaking at a Sunday news conference and on"Meet the Press," Obama […]
China Plays Hardball with Iron Ore Producers, Seeking 82% Reduction in Price
By Jason Simpkins Associate Editor Money Morning China may soon ask the world"s top iron ore producers to reduce the prices they charge for the key steel component by as much as 82%. Just months ago, BHP Billiton Ltd. (ADR: BHP), Rio Tinto PLC (ADR: RTP) and Brazil"s Vale (ADR: RIO) negotiated an 86% price […]