Despite earlier this week announcing disappointing first-quarter results, Oracle Corp. (Nasdaq: ORCL) says it expects its second quarter will be stronger. However, many analysts are skeptical, as the company’s attempted takeover of Sun Microsystems Inc. (Nasdaq: JAVA) has not gone as smoothly as planned. Oracle reported revenue for the three months ended Aug. 31 fell […]
Archives for September 2009
September 2009 - Page 5 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. FedEx Profit Drops; Irish Banks Rally; China Green-Lights IPOs; World Bank: Emerging Markets Vulnerable; Petrobras Upping Investment Plan; DuPont Expects Emerging Market Sales Decline; Discover Beats Earning Estimates; Cuomo Pension […]
The Only Way to Profit From a Stock Market Bubble
Former U.S. Federal Reserve Chairman Alan Greenspan said it was impossible to tell a bubble while you were in it. Well Alan, I’ve got news for you: We’re in one now. The Standard & Poor’s 500 Index is up 58% from its March lows, gold has finally broken through the $1,000-an-ounce level – and may […]
American Airlines Parent Raises $2.9 Billion in Capital for a Possible Acquisition
Shares of American Airlines Inc. parent AMR Corp. (NYSE: AMR) soared as high as 23.7% in early morning trading today (Thursday) after the company announced it raised $2.9 billion in liquidity to hunker down for the typically slow winter travel season and possibly acquire a majority stake in a Japanese airline. The new liquidity includes […]
New Data Show Slow Recovery for U.S. Housing and Unemployment
Recent data suggests that crises in the job and housing markets have begun to subside. But a thorough examination of the numbers suggests the U.S. economy still has a lot of healing to do. Government reports released today (Thursday) revealed the number of Americans filing initial claims for unemployment benefits was lower than forecast last […]
The World's Most Exciting Market - Until They Spoiled it
Over the past year, Brazil has established itself as one of the most exciting markets in the world for investors. Its Bovespa stock index is up 55% this year. And the discovery of the huge new Tupi oil field off its east coast has led some investors to refer to Brazil as the "New Saudi […]
Wall Street Back to Business as Obama's Regulatory Overhaul Loses Momentum
It was more than a year ago – Sept. 14, 2008 – that Lehman Bros. Holding Co. (OTC: LEHMQ) finally collapsed under the weight of its own bad investments. But since then, little progress has been made on financial regulatory reform, and many of the large investment banks that received billions of dollars in government […]
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. OECD: Up To 25 Million Jobs Lost; BHP Affirms China's Strength, Demand; Adobe Buys Omniture; Emerging Market Stocks Double From Oct. Lows; Corning Buys Plastic Maker Axygen BioScience; Blockbuster Closing […]
Chrysler CEO Gearing Up to Reveal Five-Year Plan That May Include Roads Into China
Chrysler Group LLC Chief Executive Officer Sergio Marchionne has designed a five-year plan that outlines the path to recovery after the automaker was forced into bankruptcy earlier this year, he said yesterday (Wednesday). A recent report showed this path may lead to China, which has supplanted the United States as the world's largest auto market. […]
Gold Prices Soar to 18-Month High on Dollar Weakness, Inflation Fears
Gold bugs pushed the gold prices to an18-month high today (Wednesday), as rattled investors focused on renewed weakness in the U.S. dollar and the looming potential for runaway inflation. Those factors combined to push gold as high as $1,023.30 an ounce, the loftiest level since late March 2008. The case for inflation was bolstered by […]