When the Federal Deposit Insurance Corporation's (FDIC) board meets today (Tuesday), it will be faced with some tough questions about how it will replenish its still-shrinking fund in the wake of mounting bank failures. The FDIC has seen its fund that protects more than $4.5 trillion in bank deposits shrink to just $10.4 billion from […]
Archives for September 2009
September 2009 - Page 2 of 10 - Money Morning - Only the News You Can Profit From
Flurry of Mergers and Acquisitions Drives Stock Market Rally
A flurry of mergers-and-acquisition deals in the pharmaceutical and technology industries today (Monday) sparked a sharp market rally, snapping a three-day losing streak and giving stocks to their biggest gains in five weeks. The pickup in merger activity bolstered arguments that mergers and acquisitions (M&A) are rebounding from the biggest slump in six years. It […]
Buy, Sell or Hold: Constellation Energy Group Inc. (NYSE: CEG) Has Long-Term Potential, But Short-Term Problems
As the second-largest provider of electricity to the United States, Constellation Energy Group Inc. (NYSE: CEG) has a tremendous upside. At least, it would if the economy were growing strongly. Unfortunately, that’s not the case. And that means Constellation will have to clear a number of hurdles if it’s going to fulfill its long-term promise. Last […]
The No. 1 Way to Profit When Silver Upstages Gold
While prices of gold don’t necessarily affect silver prices or vice versa, history has demonstrated that when gold rises or falls, silver usually follows suit. This time around, silver has failed to match the gains that gold posted in recent months, spawning a widespread believe that silver is poised for a bull run. Such factors […]
Long-Term Stock-Market Uptrend to Continue
Stocks moved lower for the third consecutive day on Friday, something that hasn't happened in more than three weeks, as the bulls just couldn't capitalize on a short-term overbought condition. Measures of selling pressure eased as the bears rested their knuckles after a two-day pummeling. Investors are worried. The big question – as always – […]
Unilever Buys Sara Lee Arm for $1.9 Billion as Part of Emerging Market Expansion
Anglo-Dutch Unilever PLC/AG (NYSE ADR: UL, UN) on Friday made an aggressive play to expand its brand portfolio by purchasing the personal care arm of U.S.-based Sara Lee Corp. (NYSE: SLE). Unilever will pay $1.87 billion (1.28 billion euros) in cash for the business, which includes brands like Sanex and Radox. The acquisition is expected […]
G-20 Reaches Agreement on Restructuring Economic Policy and Banking Rules
The G-20 summit in Pittsburgh concluded Friday with agreements to restructure policies to sustain the economic recovery and to install new banking regulations to prevent a repeat of the biggest financial meltdown since the Great Depression. Also, the G-20 announced that it would become the permanent council for international economic cooperation, eclipsing the G7 and […]
Research In Motion Shares Nosedive After Missed Sales, Earnings
Shares of BlackBerry maker Research In Motion Ltd. (Nasdaq: RIMM) plummeted in after hours trading yesterday (Thursday) after the company missed Wall Street’s earnings and sales expectations. For its second quarter ended August 29, RIM reported net income of $475.6 million, or 83 cents per share on revenue of $3.53 billion. That compares to a net […]
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. Australia Blocks Another China Majority Stake; Avtovaz Cutting 27,600 Jobs; WSJ: Citigroup Focusing on Six Metros; Experimental HIV Vaccine Raising Eyebrows; Nintendo Knocks $50 Off Wii; SEC Charging Insider Trading […]
Three Ways to Profit From China's New Anti-Corruption Regulations
[Editor's Note: Money Morning Investment Director Keith Fitz-Gerald is currently in Mainland China. Look for additional installments of his investment travelogue next week.] XIAN, People’s Republic of China – China is toughening up its disclosure rules for government officials, the latest in a series of moves that should level the playing field for foreign investors […]