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Global Investing Roundups
Slim Bites Into Big Apple Daily; Campbell’s Earnings Mmm, Mmm Good; King’s Alpharma Bid Heats Up; Conflicting Crude Trader Findings; WSJ: BAC to Buy Lehman; Bristol Doesn’t Budge; Sun Setting on Sunrise; Deutsche Bank Ready to Compete for Postbank
-Carlos Slim, the Mexican billionaire Forbes ranks as the second-richest man in the world, yesterday (Thursday) announced he purchased a 6.4% stake in New York Times Co. (NYT). Slim called the publisher of The New York Times an “attractive value” due to the stock’s 20% loss so far this year, Bloomberg News reported.
-Campbell Soup Co. (CPB) yesterday (Thursday) announced quarterly profit…
12Sep2008 | Money Morning | Comments Off | ContinuedSecond Quarter GDP Release Set to Confirm or Deny U.S. Recessionary Fears
A hectic week on the economic calendar is highlighted by the initial look at second quarter gross domestic product (GDP). Remember, a recession is defined as two consecutive quarters of negative growth, so doomsayers have targeted this week’s release as confirmation of their pessimism.
Fortunately, the analyst consensus holds that the economy expanded at a faster pace than the 1% rate of the first quarter, putting us safely outside of recession territory. Investors get another view inside the struggling labor market where layoffs (mainly among financials) have resulted in overall job contractions for five consecutive months.
Economists hope for another positive showing…
28Jul2008 | Money Morning | Comments Off | ContinuedGlobal Investing Roundups
Piracy Robs Microsoft; BlackRock Profits Rise 23%; Nokia Beats Expectations; Venezuela Lights Up U.S.; BOE’s Sentance “Struck”; Coke’s Earnings Hiccup; JPMorgan Earnings Surprise; Investor Outrage in Pakistan
Microsoft Corp.’s (MSFT) profit growth may be stunted this year by a resurgence of software piracy in China, the second-biggest personal-computer market after the U.S., Bloomberg News reported. An unexpected jump in piracy caused Windows sales to miss estimates by $300 million in the third quarter, UBS AG (UBS) analyst Heather Bellini said in April.
Investment manager BlackRock Inc. (BLK) said yesterday (Thursday) that its second-quarter profits rose 23% on a sharp increase in assets under management,…
18Jul2008 | Money Morning | Comments Off | Continued
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