A proposed tie-up between AMR Corp.'s (NYSE: AMR) American Airlines, British Airways PLC (OTC: BAIRY), and Spain's Iberia Lineas Aereas de Espana SA (PINK: IBRLY) is catching flak from both sides of the Atlantic as U.S. and European regulators have raised antitrust concerns. The three carriers last year applied for permission to cooperate more closely […]
Archives for October 2009
October 2009 - Page 11 of 11 - Money Morning - Only the News You Can Profit From
Will Global Warming Alarmism Disappear Like the Hula-Hoop?
The entire world is waiting for a worldwide agreement to emerge from the Copenhagen summit on global warming in December. Such an agreement would include regulations that change the way we do business for the next two decades. There's just one problem. Are we absolutely sure that our enthusiasm for this battle will remain constant […]
What Does the "Wall of Worry" Tell Us About Future Gold Prices?
There can be little doubt that 2008 was a nightmare for investors of all outlooks. In the midst of the carnage, it seemed to make little difference whether your portfolio rested on the bedrock of sound economic principles or if it was based on nothing but hot air. However, as I pointed out at the […]
Boom, Bust and Rebuild: Bank of America and the Kenneth Lewis Legacy
There are many ways to view Kenneth Lewis' eight-year reign as Bank of America Corp. (NYSE: BAC) chief executive, but two seem to hold the most landscape. On one hand, the $130 billion he spent on acquisitions – FleetBoston Financial Corp., MBNA Corp., LaSalle Bank Corp., Countrywide Financial Corp., Charles Schwab Corp.'s (Nasdaq: SCHW) U.S. […]
Investment News Briefs
With our investment news briefs, Money Morning provides investors with a quick overview of the most important global investing news stories from all around the world. GM to Shutter Saturn; IMF Raises Global Growth Forecast; Private-Sector Job Losses Show September Decline; Red Ink Flows at Neiman Marcus; Cisco Dials Up $2.7 Billion Buyout for Norway's […]
Could Goldman Sachs Share GM's Fate?
Investment banks have gotten fat off the land since 1982, when the great U.S. bull market got its start. Their business has multiplied many-fold, and their earnings have soared into the stratosphere, to a level far higher than any other sector. Now, JPMorgan Chase & Co. (NYSE: JPM) has issued a report suggesting that investment-banking […]
Retailers May Have a Cheerier Holiday Season to Look Forward To
The worst holiday season since at least 1970 left many retailers – including the now bankrupt Circuit City Stores Inc. (OTC: CCTYQ) – very little to be thankful for last year. But things might be a little bit cheerier this year, once consumers overcome the specter of last year's stock market crash and retailers slink […]
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. IMF Lowers Global Writedown Estimate; CIT Still Struggling; $1.6 Billion Hong Kong IPO for Wynn Macau; Wal-Mart, Kmart Gunning For Holiday Toy Sales; Toyota Announces Record Recall; BofA Exec Takes […]