By Jason Simpkins Associate Editor Money Morning Supplies of natural gas have fallen sharply across Europe and are now approaching crisis levels, as the standoff between Russia and Ukraine continues to drag on. Austria, Bulgaria, Croatia, Germany, Greece, Italy, Macedonia, Poland, Romania, Slovakia, Turkey and the Czech Republic all have said that gas shipments coming […]
Archives for January 2009
January 2009 - Page 11 of 12 - Money Morning - Only the News You Can Profit From
U.S. Auto Sales Post Worst Year Since 1992
By Mike Caggeso Associate Editor Money Morning Total U.S. auto sales last year hit a 16-year low as the world's major carmakers racked alarmingly high double-digit sales drops in the recession-plagued United States. According to industry research firm Autodata Corp., U.S. vehicle sales clocked in a 13.2 million, the lowest since 1992. The year before, […]
Buy, Sell or Hold: Research in Motion is Poised to Dial up Profits
Research in Motion Ltd. (Nasdaq: RIMM) – maker of the ubiquitous BlackBerry – is likely to consolidate and increase its market share. Almost all of our "Buy, Sell or Hold" recommended stocks started out on the right foot here in the New Year. And our strategy of building up a position gradually up to year-end […]
U.S. Banks Refuse to Detail How They're Spending Federal Bailout Money
[This is the fifth installment of an investigative series in which Money Morning examines how U.S. banks are using federal bailout funds.] By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report After receiving hundreds of billions of dollars in taxpayer-funded federal bailout money, the biggest U.S. banks say they can't track how that money is […]
Obama’s Stimulus Plan Backed by Promises of Fiscal Restraint & Tax Cuts
By Don Miller Contributing Writer Money Morning President-Elect Barack Obama headed to Capitol Hill yesterday (Monday) to meet with House and Senate leaders to push for quick action on his broad economic stimulus package that could cost as much as $775 billion. But in a concession to his need for bi-partisan support to pass any […]
Global Investing Roundups
Borders Ousts CEO; Front Page Ads in New York Times; Steve Jobs Speaks, Apple Soars; U.K. Short Selling Ban Ending; Whitman's Future; Oil Rises on MidEast Violence; Russia Cuts Gas Supplies to Europe Borders Group, Inc. (BGP) ousted its Chief Executive George Jones and replaced him with outsider Ron Marshall, a Wildridge Capital Management executive […]
Internet Censorship Intensifies as China Attempts to Curb Online Vulgarity, Political Dissent
By Jason SimpkinsAssociate EditorMoney Morning With the onset of 2009, Beijing is cracking down on web portals and search engines that publish material deemed to be too vulgar or subversive for the nation's 300 million-plus Internet users. Chinese authorities have reportedly implemented new software that lets them more easily track and counter threats, and have […]
Dour Demand Sends Japan 2008 Auto Sales Down Dramatically
By Mike Caggeso Associate Editor Money Morning Major domestic sales declines from Toyota Motor Corp. (ADR: TM) and Nissan Motor Corp. (ADR: NSANY) led Japan to post its worst overall annual vehicle sales in nearly three decades. Sales of cars, minicars, trucks and buses hit a 28-year low, falling 5%, or 5.08 million, from the […]
Top Citi Executives to Forgo 2008 Bonuses, Reports State
By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report Citigroup Inc. (C) Chief Executive Officer Vikram Pandit and Chairman Winfried Bischoff will forgo 2008 bonuses after the bank lost three-quarters of its market value and got a $45 billion U.S. bailout, Pandit said in a memo to employees. Robert E. Rubin, the former U.S. Treasury […]
India Starts 2009 With More Rate Cuts and Stimuli
By Mike Caggeso Associate Editor Money Morning India started the year on an actionable note by sharply cutting interest rates and unveiling another stimulus package. The Reserve Bank of India lowered its repurchase rate by one percentage point to 5.5%, and lowered the reverse-repurchase rate by one percentage point to 4%. As part of its […]