Video rental king Netflix Inc. (Nasdaq: NFLX) years ago usurped Blockbuster Inc. (NYSE: BBI)'s throne as the No. 1 video rental outlet, but now it's focused on cementing its status as the market leader as other video rental companies struggle to play catch-up. Blockbuster, still king of brick-and-mortar rental stores, learned first hand the threat […]
Archives for August 2009
August 2009 - Page 5 of 9 - 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. Japan's Economy Grows; Home Builder Confidence Up; New York Manufacturing Rises; Credit Card Defaults Stabilize in July; MSNBC Buys "Hyperlocal" News Aggregator; Reader's Digest Files for Bankruptcy; Lowe's Profit Falls […]
Public-Private Investment Program to Get a Boost From China
China Investment Corp. (CIC) will reportedly take part in the U.S. government's Public-Private Investment Program (PPIP), which aims to combine taxpayer funds with private capital to buy toxic securities from banks. Such an investment would boost the fledging U.S. program, while also helping China to diversify its holdings of U.S. assets. CIC, which cannot invest […]
Will This Week's Earnings Reports Reflect a Recovery or a Relapse for the U.S. Economy?
Several key second-quarter earnings reports could either validate or undercut assertions that the U.S. economy is poised for recovery. After the Commerce Department reported last week that retail sales fell 0.1% in July from June, and 8.3% year-over-year, retailers will stay in the limelight this week as several high-profile companies report second-quarter earnings. Target Corp. […]
High-Speed Rail Puts Investors on the Fast Track to Profits in China, but Languishes in the U.S.
Understanding that high-speed rail (HSR) could provide millions of Americans with a cleaner, more efficient way to travel, President Barack Obama allocated $13 billion to its development over the next five years as part of the American Recovery and Reinvestment Act (ARRA) passed in February. But Obama’s high-speed rail initiative has gotten off to a […]
Buy, Sell or Hold: Nucor Corporation (NYSE: NUE) Will Get Is Due for a Boost From Government Spending
Steel maker Nucor Corp.’s (NYSE: NUE) stock has rallied some 51% from its March 3 low of $29.84 a share and has twice bumped against its recent high of $49.91 a share. The stock is still a far cry from its record-high level of $83.56, but is only 0% below its 52-week high of $53.46. […]
Smaller Banks Could Need More TARP Money
Troubled assets are still plaguing the U.S. financial system, and a recent report from the Congressional Oversight Panel concluded some smaller banks may need additional $12 billion to $14 billion in funds from the Troubled Asset Relief Program (TARP) and may need a stress test of their own. According to data compiled by Bloomberg News, […]
High Frequency Trading: Wall Street's New Rent-Seeking Trick
Goldman Sachs Group Inc. (NYSE: GS) disclosed recently that it had 46 “$100 million trading days” in the second quarter of 2009. That was a record number, even for one of the biggest players on Wall Street. When the U.S. economy is facing collapse and merger and acquisition volume is way down, it seems odd […]
The 10 Keys to the Perfect Job Interview
[Editor's Note: This story is a sidebar to the latest installment in an ongoing series that highlights unique career strategies for navigating the jobless recovery. To read the main story, which appears elsewhere in today’s (Friday’s) issue of Money Morning, please click here.] When the time comes for your job interview, you have 60 seconds […]
How to Take Control of a Job Interview and Make Yourself a Winning Candidate Every Time
[Editor's Note: This two-part story is the latest installment in an ongoing series that highlights unique career strategies for navigating the jobless recovery. To read Part I, which appeared yesterday (Thursday), please click here.] Thanks to your diligent preparation, you made the perfect first impression on your prospective new employer. Now it’s time to close […]