Wall Street Rumors - April 30, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
GM Posts $3.25 Billion Loss, Despite Strong Overseas Sales
General Motors Corp. (NYSE:GM) on Wednesday said it swung to a first-quarter net loss of $3.25 billion as continued weakness in North America and a charge related to its equity in finance unit GMAC LLC [...]
Time to buy on the Chinese dip
China’s Shanghai composite index has lost 50% of its value from just last fall, indicating the strength in Chinese securities is waning and investors are moving back to developed markets. It is hard to keep a good investment down, however, as Chinese growth is some of the highest in the world and offers significant investment [...]
Wall Street Rumors - April 29, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
High Oil Prices Boost Shell Profit, Offsetting Lower Refining Margins
Royal Dutch Shell (NYSE:RDS.A) and BP PLC (NYSE:BP) posted sharp net profit rises for the first quarter as the top two listed European oil companies continue to benefit from higher oil prices.
Mars’s Takeover of [...]
Long-term care insurance: a great retirement investment
Retirement planning focuses on a portfolio that can sustain the cost of living once work-related income has ceased. Many retirement portfolios are healthy enough to carry your standard of living well into retirement, but not large enough to protect against any huge costs - especially the rising cost of health care.
Rising costs of health care
Unfortunately [...]
Wall Street Rumors - April 28, 2009
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Mars, Buffett Team Up in Wrigley Bid
Mars Inc. announced Monday an agreement to acquire Wm. Wrigley Jr. Co. (NYSE:WWY) for about $23 billion with financial backing from Warren Buffett’s Berkshire Hathaway Inc. (NYSE:WRB) in a deal that would remake the global confectionery landscape.
Verizon [...]
Wall Street Rumors - April 25, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
OCC Expected to Announce Action Against Wachovia
The Office of the Comptroller of the Currency is expected to announce an enforcement action against Wachovia Corp. (NYSE:WB) Friday morning, people familiar with …
Dollar Climbs Higher; Futures Gain
Futures suggested stock markets would build on the gains [...]
Chinese central bank still turning in favor of higher rates
Last month witnessed many reports showing Chinese inflation rates near their historical highs. As the “basket of currencies” that maintains much of the renminbi’s worth came to correct, the central bank has had to step up the money supply to keep a low yuan. The main driver behind China’s growing manufacturing centers is the difference [...]
Wall Street Rumors - April 24, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Ford Swings to a Profit on Cost Cuts, Strength at International Divisions
Ford Motor Co. (NYSE:F) Thursday said it swung to a first-quarter profit on cost reductions in North America and strong profits in its international regions led by Europe.
Credit Suisse Posts SF2.15 Billion [...]
Wall Street Rumors - April 23, 2008
Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Apple Earnings Rise 36%; Profit Forecast Falls Short
Apple Inc. (NASDAQ:AAPL) reported a 36 percent jump in second-quarter profit after winning customers for Macintosh personal computers. The stock fell after the earnings forecast fell short of some projections.
Starbucks Blames Weak Economy In U.S. for [...]
China Mobile sees huge growth
China Mobile’s profit was up 37% year over year due to new mobile phone rates and converting customers from traditional land lines to a cell phone. This news comes as China’s largest landline operator posted growth of just .5% in the same quarter. The trend that has caught on in the US is now gaining [...]
