By Mike Caggeso Associate Editor Money Morning After conducting a six-month review of the economic effects of Troubled Asset Relief Program (TARP) spending, a Congressional Oversight Panel suggested the removal of more company executives and liquidating some of the country's bad banks to accelerate a financial recovery. "All successful efforts to address bank crises […]
Archives for April 2009
April 2009 - Page 9 of 11 - Money Morning - Only the News You Can Profit From
Why Wall Street is Missing the U.S. Housing Recovery
[Editor's Note: This is the second installment of a two-part look at how the U.S. real estate market will affect the nation's economic recovery. Today's focus: The residential real estate rebound. Last Week: The foundering commercial real estate market. Watch for an upcoming "Hot Stocks" feature that looks at potential housing plays.] By William Patalon […]
Thirty Years After Three Mile Island, Nuclear Power is Poised for a Comeback
By Don MillerAssociate EditorMoney Morning It's been 30 years since the meltdown of a reactor at the Three Mile Island nuclear power plant also caused a meltdown in the U.S. commercial nuclear power business. Even though no one was seriously injured – and only a small amount of radiation leaked into the air above eastern […]
Global Investment News Briefs
RBS Will Eliminate up to 9,000 Jobs; Mortgage Delinquencies Rise 7%; Rio Rebuffs Asia Steelmakers Discount Demands; Retail Sales Dive Sans Wal-Mart; Moody's: More Than Half of Latin American Companies At Risk; CEO Confidence Hits Record Low; MGM in Talks to Refinance Debt; Audi Sales Fall in March Royal Bank of Scotland plc (ADR:RBS) said […]
GM Fights for Survival, Prepares for Bankruptcy
By Don Miller Associate Editor Money Morning General Motors Corp. (GM) will meet with the U.S. Treasury department's automotive task force as soon as this week to work on a plan to return the automaker to viability. But while company executives assert that bankruptcy is far from inevitable GM is accelerating preparations for a court […]
One-Quarter of Global Businesses Plan 2009 Pay Freezes
By Mike Caggeso Associate Editor Money Morning Despite signs of the global economy warming, businesses around the world are curbing salary increases – with more than a quarter of them planning to freeze salaries in response to the global financial crisis, according to a global survey. Salary increases are expected to clock in at 4.7% […]
Make Inefficient Markets Work For You
By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report One of the single biggest fallacies foisted upon the investing public is the notion of an "efficient market." Academics love it, which is why the "efficient-market hypothesis," or EMH, as it's known, is taught at all the leading B-schools. The broadest version of this theory holds that […]
Three Ways to Profit as Inflationary Fears Push Gold Over the $1,000 Mark
[Editor's Note: This look at gold prices is the first in a series of Money Morning quarterly reports that will examine such topics as housing, U.S. stocks and oil. These reports will now be a regular feature at the end of each quarter.] By Mike Caggeso Associate Editor Money Morning Gold surged a solid 4.3% […]
Global Investment News Briefs
Sun Backs Away from IBM; HSBC Raises $19.1 Billion; Ford Reduces Debt by 38%; Emerging Market Stocks Regaining Strength; Stanford Investors Sue for Funds; Bank Stocks Sink on Mayo's "Underperform" Rating; Time Warner Prepping for AOL Spinoff; Oil Drops Near $50 Sun Mircosystems Inc. (JAVA) has broken talks with International Business Machines Corp. (IBM), a […]
Treasury Secretary Geithner Denies Administration Will Help Executives Avoid Pay Limits
By Don MillerAssociate Editor Money Morning U.S. Treasury Secretary Timothy Geithner denied the Obama administration would allow financial companies avoid limits on executive compensation, as suggested in a recent report by the Washington Post. Geithner also said he's prepared to oust executives at banks that require "exceptional" assistance from the U.S. government, as it did […]