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 […]

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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 […]

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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 […]

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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 […]

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