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 Raises Rates; Societe Generale Raising $7.1 Billion; GrainCorp. Buying United Malt Holdings; Caterpillar Raising Prices 2% in Jan.; Samsung 3Q Profit Doubles; Merrill Bull Logo Returning; Euro Leaders Want […]
Archives for October 2009
October 2009 - Page 10 of 11 - Money Morning - Only the News You Can Profit From
Hot Stocks: Amazon Looks to Be a Beam of Light in Foggy Retail Picture
Forecasts for holiday retail sales my not exactly be glowing but there's a good chance that Amazon.com Inc. (Nasdaq: AMZN) – the world's largest online retailer – will again buck the negative trend that has gripped the retail industry for the past year. Estimates for holiday retail sales this year range from a 1% gain […]
The Five Stocks to Watch This Week
The earnings season beginning today (Tuesday) is shaping up to be an important one, as it could have a significant impact on a struggling stock market rally. Since the stock market rally reached a pinnacle nearly two weeks ago, the Dow Jones Industrial Average has lost about 3.3% while the Standard & Poor's 500 Index […]
Hidden Traps Make Bank Stocks a Bad Deal
Billionaire investor George Soros said yesterday (Monday) that the U.S. recovery would be a slow one because of all the "basically bankrupt" financial companies impeding it. U.S. Federal Reserve Chairman Ben S. Bernanke and Congress agreed Friday that the financial system – not the American taxpayer – should bear the costs of bank bailouts. Sheila […]
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. Treasury Announces More PPIP Investors; Roubini: Market Due For Correction; BofA Planning Emergency CEO Appointment; Goldman Could Fetch $1 Billion From A CIT Bankruptcy; Mazda Raising Money for Hybrids; Nomura […]
Experts Warn Against Bair's Proposal For Making Secured Creditors Pay for Bank Failures
Federal regulators should consider ensuring secured creditors face losses when banks fail, the head of the Federal Deposit Insurance Corp. (FDIC) says. However, such an action could make for an even worse credit crunch during periods of financial turmoil and weaken recovery efforts, according to many analysts. Secured creditors, normally protected from losses if a […]
Unemployment Figures Increase Odds of Jobless Recovery
The number of unemployed Americans jumped more than expected in September, raising the unemployment rate to 9.8%, the highest level since 1983. The latest data suggest the odds are increasing that the economy may be suffering through its second “jobless recovery” in eight years. U.S employers cut 263,000 jobs from payrolls in September the Labor […]
Buy, Sell or Hold: H.J. Heinz Co. (NYSE: HNZ) Is a Long-Term Keeper, but Will Struggle in the Months Ahead
H.J. Heinz Co. (NYSE: HNZ) dominates in the ketchup market. There is no second. And Heinz has taken advantage of its revered ketchup brand over the years to develop organically and acquire other brands. However, its overdependence on developed markets and a sluggish U.S. consumer are currently holding the company back. Emerging markets are where […]
Upbeat Earnings Will Fuel the Bull Market's Next Leg
When it comes to the health of the U.S. stock market over the next few weeks, corporate earnings will tell the story. Alcoa Inc. (NYSE: AA) kicks off the third-quarter earnings season on Wednesday. My guess is that over the next few weeks, as third-quarter earnings are reported, we will have the opportunity to witness […]
CIT Offers Debt Exchange, Draws Up Bankruptcy Plans
In what is being viewed as a last-ditch effort to avoid filing for protection from its creditors, commercial lender CIT Group Inc. (NYSE: CIT) is offering bondholders a debt exchange, while still preparing for a likely chapter 11 bankruptcy filing. CIT in July raised $3 billion from bondholders to keep afloat after it was denied […]