Archives for May 2009

May 2009 - Page 6 of 11 - Money Morning - Only the News You Can Profit From

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. GM CEO Says Bankruptcy “Probable;” Wal-Mart Posts Flat 1Q Profit; BT Group Cuts Jobs, Dividend; PNC to Sell Stock, Raise Capital; GM, Chrysler Closures to Idle 50,000 Workers; Madoff Trustee […]

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Watchdog Alleges Obama Administration in “Cover Up” of Docs from Treasury Meeting with Banks

By Don MillerAssociate EditorMoney Morning Despite promises of open government, the Obama administration tried to "cover up the very existence of smoking-gun documents" prepared for a meeting in which former U.S. Treasury Secretary Henry M. Paulson allegedly coerced major banks to allow the government to take equity stakes, according to conservative watchdog group Judicial Watch. […]

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Standard & Poor’s Says Banking Crisis Has Entered New Phase

By Jason Simpkins Managing Editor Money Morning Even though the government stress tests have ended and the banks in question have set about raising the required capital, credit rating agency Standard & Poor's believes the nation's banking crisis has "merely entered a new phase" and might not end before 2013. At least seven of the […]

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Producer Prices and Wal-Mart Results Give the Market Edge Over Weak Jobs Data

By Jason SimpkinsManaging EditorMoney Morning Stocks edged up in early morning trading today (Thursday) as an uptick in producer prices and steady earnings from Wal-Mart Stores Inc. (NYSE: WMT) outweighed a surge in jobless claims last week. The Dow Jones Industrial Average was up 26.2 points, or 0.32% as of 11:00 a.m. today (Thursday), while […]

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Obama’s High-Speed Vision Gets Railroad Companies Back on Track

By Jason Simpkins Managing Editor Money Morning Railroad companies have been some the best performers in the recent rally of U.S. equities. Canadian National Railway (NYSE: CNI) CSX Corp. (NYSE: CSX), and Burlington Northern Santa Fe Corp. (NYSE: BNI) – a favorite of Warren Buffett – are all up a about 30% since early March. […]

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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. Intel Dealt $1.45 Billion Fine; WSJ: Gov't Wants Financial Sector Pay Overhaul; Verizon Divests Access Lines for Stock; AIG Says 5 Years to Pay Back Gov't; Foreclosures Jump to Record […]

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How the New ‘Yuan Carry Trade’ Will Add to China’s Global Muscle, and Possibly Even Accelerate the U.S. Recovery

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Institutional investors have talked a lot about the so-called "yen carry trade" over the past couple of years. But that's really just been a warm-up act for a much bigger story. I'm talking about the "yuan carry trade." You're hearing about it here first. But […]

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Time Running Short for Social Security and Medicare

By Jason Simpkins Managing Editor Money Morning The U.S. Social Security and Medicare programs will run short of adequate funding faster than previously thought, according to a government report released earlier this week. The Social Security Fund will be exhausted by 2037, four years earlier than previously thought. And the Medicare hospital trust fund will […]

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Plummeting Retail Sales in April Bury Economic “Green Shoots”

By Don MillerAssociate EditorMoney Morning Those elusive "green shoots" that economic optimists had been digging up lately were buried under disappointing data from the Commerce Department in Washington yesterday (Wednesday) when it was revealed that retail sales in the unexpectedly dropped in April. Sales at U.S. retailers dropped 0.4%, the eighth monthly decline in the […]

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Venezuela’s Oil Production Squeezed by Chavez’s Heavy Hand

By Jason Simpkins Managing Editor Money Morning Venezuela's oil production is already below 1997 levels, but could fall significantly lower as the country's president, Hugo Chavez, has alienated oil service companies by refusing to pay their fees, and in some cases, seizing their assets. Chavez's government seized the assets of 60 foreign and domestic oil service […]

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