The number of traders betting that oil prices will drop outnumbers the number of traders who believe they will rise by the largest margin ever. Some analysts believe prices will fall significantly lower in the near future – at least into the low $60 a barrel range – after soaring to $75 a barrel in […]
Archives for September 2009
September 2009 - Page 4 of 10 - Money Morning - Only the News You Can Profit From
Three Ways to Connect With China's Profit Pathway
[Editor's Note: Money Morning Investment Director Keith Fitz-Gerald is currently in Mainland China. Look for additional installments of his investment travelogue later this week.] XIAN, People's Republic of China – During the politically charged period in the late 1980s and early 1990s – when China believed it really needed friends – a small number of […]
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. Santander IPO Aiming for $7.3 Billion; Deloitte: Flat Holiday Sales; RBS Gauging $8 Billion Share Sell Interest; HBSC Downgrades Lukoil; Citi: BHP May Consider Share Buyback; Lennar Posts Another Loss; […]
Dell Looks to Services in Perot Acquisition to Pick Up Slack for Slow PC Sales
Dell Inc.'s (Nasdaq: DELL) agreement to buy information technology service provider Perot Systems Corp. (NYSE: PER) yesterday (Monday) signals a sign of the times as computer makers branch out from their core businesses into the lucrative services sector. The acquisition, which is valued at $3.9 billion, or $30 per share, represents a 68% premium to […]
G20 Leaders Meet to Rebalance World's Economy While Imposing Banking Reforms
Leaders from the G20 nations, which represent 85% of the global economy, will hold an economic summit in Pittsburgh this week to determine how they can keep the economic recovery on track while rebalancing growth and imposing new regulatory restrictions on banks. U.S. President Barack Obama and his overseas counterparts will meet for the third […]
Buy, Sell or Hold: Kimberly Clark Corp. (NYSE: KMB) Offers a Strong Defensive Position and a Generous Dividend Yield
In the last few months we have seen a very strong stock market rally. The market has recovered from highly distressed levels and posted exorbitant gains. In addition the “wall of money” from the U.S. Federal Reserve has pushed risk-prone investors back into the market, pushing its general level up. You see, the massive fiscal […]
High-Quality Stocks Ready to Take the Lead in the U.S. Market
With the major U.S. stock market indices trading at recent highs, there is new evidence that the most recent phase of the advance was fueled by the lowest-quality stocks. But now it looks like higher-quality companies may be ready to take the lead: These shares will emerge from their slumber, causing the Standard & Poor’s […]
"New Reality" For Newspaper Publishers Forces Search for New Revenue Streams to Tap Into
As traditional print media continues its steep declines in advertising sales and circulation, publishers are struggling to come up with new and creative ways to generate revenue. Ad revenues in the newspaper industry plunged 16.7% last year to $37.8 million, according to the Newspaper Association of America (NAA). The 2009 take is estimated to fall […]
U.S. Turns Up Pressure Worldwide on Banks Hiding Tax Dodgers
A $780 million settlement between UBS AG (NYSE: UBS) and U.S. authorities that established a Sept. 23 deadline for tax cheats to declare they own Swiss accounts has tax dodgers on the run. U.S. citizens with offshore accounts are scrambling to avoid prosecution as the "drop dead" date for an Internal Revenue Service (IRS) amnesty […]
Government Looks to Extend Jobless Payments as Unemployment Soars
With unemployment expected to remain at its highest level in decades for at least another year, the government is considering another extension of jobless benefits to help the unemployed. The House of Representatives will vote next Wednesday on a new measure that would extend jobless benefits for an additional seven weeks nationwide and for 13 […]