By William Patalon III Executive Editor Money Morning/The Money Map Report Barring some dramatic – and unforeseen – news this week, expect investors to tread water until Thursday, when the government is expected to release the results of the bank stress tests it conducted on the 19 largest U.S. banks. The stress-test results are expected […]
Archives for May 2009
May 2009 - Page 11 of 11 - Money Morning - Only the News You Can Profit From
MasterCard Struggles as Credit Crisis Hits Card Companies
By Don MillerAssociate EditorMoney Morning MasterCard Inc. (NYSE: MA), the world's second-largest electronic payments network, reported an 18% decline in profits in the first quarter. The company also said projected revenue growth this year will fall short of its goals, as the strong dollar reduced overseas revenue and credit card spending fell. MasterCard's first-quarter net […]
Citigroup Sells Japanese Brokerage in Effort to Appease Government Regulators
By Jason SimpkinsManaging EditorMoney Morning Citigroup Inc. (NYSE: C) Friday agreed to sell its Japanese brokerage arm, Nikko Cordial Securities, to Sumitomo Mitsui Financial Group (OTC: SMFJY) in a deal that will give Citi more capital to satisfy government demands. Sumitomo Mitsui will pay about $5.5 billion (545 billion yen) for Citi's Nikko Cordial unit […]
China Pursues Worldwide Growth Opportunities Caused by the Global Financial Crisis
[Editor's Note: Money Morning Investment Director Keith Fitz-Gerald is one of the world's leading experts on Asia, especially China. Right now, Fitz-Gerald is leading an investment tour of the Red Dragon, and he'll be sending along regular investment travelogues to update Money Morning readers on his latest observations. Fitz-Gerald previously wrote about China's fast-growing auto […]
U.S. Auto Industry Spins Out of Control, as Chrysler Goes Bankrupt and GM Struggles to Reverse Course
By Jason Simpkins Managing Editor Money Morning Chrysler LLC yesterday (Thursday) filed for bankruptcy protection after a failed attempt to reorganize operations and restructure debt before the government appointed deadline. The collapse of one of America’s largest and oldest auto companies – having been founded in 1925 – shows just how much the U.S. auto […]
Investment News Briefs
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Exxon Profit Spills 58%; Motorola Posts Loss, Bleeding Cash; FTSE 100 Moves 8.1% in April; South Africa Cuts Interest Rate to 8.5%; Flu Scare Drops Demand for Continental Flights to […]