China shuts down coal burning plants…
Photo Credit: Shanghai Daily
….Time for an investment in coal?
The Chinese government acted to shut down 32 coal burning electric generating plants due to falling supplies of coal. This action comes as the amount of coal reserves for northern and central parts of the Chinese mainland reached a low of less than 7 days worth of [...]
Wall Street Rumors - May 22, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Stock Futures Point To Modest Recovery
U.S. stock futures are indicating a modest rise at the open Thursday, as investors try to recover lost ground after two days of heavy losses, but oil prices marched higher.
NRG Makes Unsolicited Offer for Calpine
Power [...]
How to Invest for Retirement Overseas
Photo Credit to Amanita
The problem arises for many retirees that domestic slowdowns put their own retirement jeopardy. It has long been the advice that future retirees should invest more of their own money in domestic stock funds rather than chase the foreign markets of the world. But is this advice really sound? Or are [...]
Wall Street Rumors - May 21, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Stock Futures Edge Lower As Oil Prices Sap Early Gains
U.S. stock futures Wednesday failed to recover from the previous day’s rout, as crude oil’s rally above the $130 a barrel mark sapped early gains and concerns about credit crunch-related fallout deepened.
Time [...]
Nissan weighed down by lofty yen
Photo Credit to AllWorldAuto
A weak dollar and strong yen has Nissan restating its profits to miss its estimates by as much as 30%. From weak sales in the US due to currency prices and a weak economy in general, Nissan is showing its reliance on the US market. Net income will fall from 482.3 Billion [...]
Wall Street Rumors - May 20, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Microsoft Sees Yahoo Being Split in New Offer
Microsoft Corp.’s (NASDAQ: MSFT) proposed alternative to acquiring Yahoo Inc. would involve a breakup of the Internet giant that people close to Yahoo (NASDAQ: YHOO) said is unlikely to win favor with its [...]
Modern trading making earnings multiples obsolete
Price to earnings multiples were once the basis of investment decisions. The analysis was simple: the return divided by the stock price should properly valuate a certain company. But with many companies all over the map in both PE and PEG ratios, investors are looking for other guidelines for evaluating an investment. Technical trading has [...]
Wall Street Rumors - May 19, 2008
Daily rumors covering the global markets. Subscribe to the update feed here.
Microsoft Revives Yahoo Fight, Considers More Limited Deal
Microsoft Corp. (NASDAQ: MSFT) said it has resumed its effort to team up with Yahoo Inc. (NASDAQ: YHOO) — and reopened the door to the possibility of making a new bid for the Internet company.
Dairy Co-Op [...]
Hunan Nonferrous steps up with an investment
Hunan Nonferrous has agreed to buy Abra Mining Ltd. in a deal valued at $111 Million. Hunan Nonferrous already owns a stake in Abra Mining, but will be stepping up its investment to grow its zinc and tungsten metal reserves. In addition, Abra anticipates accessing to new markets. Hunan currently holds a 17.8 percent [...]
Wall Street Rumors - May 16, 2008
Daily rumors, covering the global markets. Subscribe to the update feed here.
Housing Starts Post Surprise Rise
WASHINGTON — Home construction turned up unexpectedly in April and showed surprising vigor, making the biggest increase in two years. However, the increase was driven by a surge in multi-family housing, while single-family starts dropped.
Bernanke’s Bubble Laboratory
PRINCETON, N.J. — First [...]
