It wasn't long ago that Venezuelan President Hugo Chavez's decision to end the functional independence of the state oil company, Petroleos de Venezuela SA (PDVSA), and bring its revenue under his control resulted in a failed coup that very nearly cost him his post. Now, Chavez's aggressive economic policies are again being called into question, this time as the […]
Archives for September 2009
September 2009 - Page 10 of 10 - 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. Gov't Spending Spurs China Manufacturing; "Clunkers" Program Fuels Auto Sales; Existing U.S. Home Sales Rise Again; EBay Selling Skype to Private Investors; India's Exports Fall for 10th Month; Eurozone Unemployment […]
Bank of America Seeks to Repay Bailout Funds
Bank of America Corp. (NYSE: BAC) today (Tuesday) offered to repay part of the $45 billion it received as a part of the Troubled Asset Relief Program (TARP) as well as end a loss-sharing deal with the U.S. government related to its acquisition of Merrill Lynch & Co., The Wall Street Journal reported, citing a […]
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 Election Rout Shakes Shares; Shanghai Composite Falls Nearly 7%; Walt Disney Adding Marvel to its Roster; Baker Hughes Buys Rival BJ Services; PetroChina Gaining Athabasca Tar Sand Control; […]
The U.S. Housing Market's False Dawn
Is the U.S. housing market truly at a turning point, as investors seem to increasingly believe? Or is this actually a false dawn, meaning that there are problems and pain ahead for those who turned bullish too soon? New home sales jumped almost 10% in July, while the Case-Shiller home price index rose for the […]
Key Indicators Point to a Rough September for U.S. Stocks
When the "Great Crash" came in 1929, it came in October. So, too, did the infamous "Crash of '87." And last year, during a tortuous October that led to even lower lows in the months to come, the Standard & Poor's 500 Index lost 19% of its value in just 30 days. Investors can be […]
U.S. Turning Profit on TARP, but Big Loans Remain in Banks' Hands
The U.S. government is starting to see profits from the $750 billion Troubled Asset Relief Program (TARP), started last year to thwart the financial crisis. However, the two largest recipients of TARP money – Citigroup Inc. (NYSE: C) and Bank of America Corp. (NYSE: BAC) – have yet to pay back their loans and the […]