Archives for January 2009

January 2009 - Page 3 of 12 - Money Morning - Only the News You Can Profit From

New Index Combines Jim Rogers’ Top Two Profit Plays: Commodities and China

By William Patalon III Executive Editor Money Morning/The Money Map Report Investing icon Jim Rogers and Australia's Macquarie Funds Group have teamed up to create an agricultural-commodities index that will help investors profit from shifting patterns of food consumption in the burgeoning market of Mainland China. The Macquarie and Rogers China Agriculture Index is an […]

Read More…

China’s “Chuppies” Point the Way to Growth and Profits

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Despite what you might be hearing about a global recession, consumer capitalism is alive and well in China. And it's still fueling growth. Take a stroll through Beijing's trendy Wangfujing area, a quick walk south of Tiananmen Square or the six-story Shin Kong Place in […]

Read More…

Caterpillar Predicts Zero Economic Growth for 2009 – Sheds 20,000 Jobs

Caterpillar Inc., (CAT) predicted zero economic growth worldwide in 2009 and announced it will shed 20,000 jobs over the next few months. The world's largest maker of construction and mining machines issued its gloomy forecast after a downturn that began in the United States grew into a full-blown global recession, gutting orders for its equipment. […]

Read More…

On the Brink of Bankruptcy, U.S. Auto-Parts Companies Seek Bailout

By Jason SimpkinsManaging EditorMoney Morning U.S. companies that make and supply auto-parts to major carmakers are pleading for a bailout from Washington, as many are now on the verge of declaring bankruptcy. Auto-parts companies may seek between $10 billion and $12 billion in cash and guarantees from the federal government as soon as this week. […]

Read More…

Financial Crisis Challenges Escalate as Republicans Announce Plans to Oppose $825 Billion Obama Stimulus

William Patalon III Executive Editor Money Morning/The Money Map Report President Barack Obama’s $825 billion stimulus plan heads to the floor of the House of Representatives this week, with House Minority Leader John A. Boehner, R-Ohio, saying many in his party will vote against the package unless significant changes are made. “Right now, given the […]

Read More…

Schlumberger Sees End in Sight for Slumping Oil Prices

By Don MillerAssociate EditorMoney Morning A massive slump in oil exploration spending pummeled Schlumberger Ltd. (SLB), the world's largest oilfield services corporation, as profit fell 17% in the fourth quarter. But the company said curtailed spending could be setting the stage for a rebound in oil and gas prices as supplies dwindle. Schlumberger is pulling […]

Read More…

Geithner, Obama Put Pressure on China Over Currency

By Jason SimpkinsManaging Editor Money Morning Timothy Geithner, President Barack Obama's nominee for U.S. treasury secretary, told the Senate that he and the new administration are prepared to take a harder line in economic relations with China. In written responses to questions posed by the Senate, Geithner accused China of "manipulating" its currency, a phrase […]

Read More…