Global Investing Roundups
Source: http://feeds.feedburner.com/~r/USMoneyMorning/~3/323560901/Posted on Monday, June 30th, 2008 | In Current Market News, Stocks to Watch
Contributed by: Money Morning (http://moneymorning.com) -
Canada Staving off Recession; H&R Block Rebounds; Kellogg Buys Chinese Cookie Kingpin; Occidental Petroleum: New $1.1 Billion Hydrocarbon Plant; This Bud’s Not For You; Eurzone Inflation Hits 4%; Dubai Ties Into Russia’s Energy Sector; Tyson Takes a Bite Out of Indian Food Poultry Processor
- Canada posted 0.4% economic growth for the month of April, after falling in the red for the first three months of the year – its first negative quarter in five years. Economists warned this rebound isn’t forward looking, as U.S. demand is still low amid the subprime credit fallout and high gasoline costs, Bloomberg reported.
- Tax preparing leader H&R Block Inc. (HRB) said yesterday (Monday) that it posted 11% revenue for its fiscal fourth quarter, a dramatic shift from its previous quarterly loss. The company benefited from the sale of its Option One mortgage servicing business to Wilbur Ross in April, Reuters reported.
- Battle Creek, Mich.-based cereal maker Kellogg Co. (K) said yesterday (Monday) that it acquired China-based Zhenghang Food Company Ltd., a cookie and cracker maker. The purchase will give a big boost to Kellogg’s efforts to expand its product line in the emerging Chinese market, Reuters reported.
- Occidental Petroleum Corp. (OXY) will plunk down $1.1 billion to develop a hydrocarbon gas processing plant and pipeline infrastructure in West Texas, part of an agreement with SandRidge Energy Inc. (SD). Occidental Petroleum will own and operate the facility, and said would expand production by a minimum of 50,000 barrels of oil per day, MarketWatch reported.
- Anheuser Busch (BUD) rejected InBev NV’s $46.3 billion takeover and announced a strategic cost-savings plan. The company will cut 10%-15% of its salaried workforce through early retirement and attrition. A memo obtained by Reuters called the changes “difficult, but necessary.”
- Inflation in the 15-nation Eurozone hit 4% in June, the highest level in more than 16 years, Bloomberg reported. The increase makes a rate hike by the European Central Bank at its July 3 meeting a near certainty.
- Dubai World and Roskommunenergo, an energy trader whose chairman is the son of a senior Kremlin official, offered to buy the biggest Russian power producer for $5.3 billion. The acquisition by Dubai World would be the first in the Russian energy industry by a Gulf investor, Bloomberg reported.
- Meat producer Tyson Foods Inc. (TSN) announced yesterday (Monday) that it acquired a 51% stake in Godrej Foods Ltd., a poultry processing business in India. Tyson said the joint venture will be called Godrej Tyson Foods, the Associated Press reported. The company expects annual sales to be in the range of $50 million and will likely grow as operations expand.
Last 5 posts by Money Morning
- Obama Commits to Free Trade Deal With South Korea, But Auto Trade Remains Sticking Point - November 20th, 2009
- Investment News Briefs - November 20th, 2009
- Hot Stocks: Comcast Looks to Expand Its Brand with Potential NBC Universal Takeover - November 20th, 2009
- Although President Obama Warns of a “Double-Dip” Recession, Money Morning Expects U.S. Recovery to Continue - November 19th, 2009
- Investment News Briefs - November 19th, 2009
Tags for this Post:
1 Billion, bud, Canada, Current Market News, global economy, Global Investing, Hydrocarbon, Investors Profit, Kellogg, Kingpin, Money Moves, Occidental Petroleum, recession, Seismic Shift, Stocks to Watch
1 Billion, bud, Canada, Current Market News, global economy, Global Investing, Hydrocarbon, Investors Profit, Kellogg, Kingpin, Money Moves, Occidental Petroleum, recession, Seismic Shift, Stocks to Watch
![]() About Money Morning (http://moneymorning.com)
Money Moves the Markets; Money Morning Lets You Move First We’re in the midst of the greatest investing boom in almost 60 years. And rest assured - this boom is not about to end anytime soon. You see, the “flattening of the world” continues to spawn new markets worth trillions of dollars; new customers that measure in the billions; an insatiable global demand for basic resources that’s growing exponentially ; and a technological revolution even in the most distant markets on the planet. The bottom line is this: With U.S. influence slipping, and the dollar declining as well, investors who think too narrowly about this transformation will face years of meager returns. But those who embrace this new global reality can make themselves very wealthy. # Over the next 25 years, America’s share of the worldwide economic pie will slip from 28% to 24%… # Even as Asia’s share almost doubles ;which means it will account for a whopping 55% of the global economy by 2030. The big brokerage firms are making a killing on the global boom. Yet Wall Street reserves the timeliest information - and the best profit opportunities - for its partners or wealthiest clients. And the Securities and Exchange Commission doesn’t help the everyday investor much either. The second sad fact is this: While you can buy any U.S. or Canadian stock you want, the SEC prohibits you from purchasing many of the available international stocks. The reason: Foreign companies that haven’t registered with the SEC are off-limits to most U.S. individual investors. Our worldwide research staff includes former investment bankers, international financiers, emerging markets specialists and veteran financial journalists. Our experts know that certain capital flows essentially act as a “leading indicator” of future profit opportunities. These are opportunities that you won’t be reading or hearing about anywhere else. Each weekday morning, in a readable style you can digest in just a few minutes, you will reap the benefits of our research and expert experiences. Indeed, Money Morning will bring you: # The latest reports on China, Japan, Emerging Europe, and the other global hot spots where most investor wealth will be created in the months and years to come… # Reports on companies you’ve likely never heard of - even though they’re poised to sell billions worth of their wares to “new middle class” customers around the world… # Information on the U.S. companies shrewd enough to cash in on this boom in global; # The latest developments in banking, interest rates, foreign investment and other global investing topics; # Advice on how to invest in currencies, precious metals, commodities and energy # Inside news on the hottest investments, including water, uranium and private equity… # And news on rules and regulations, financial trends and strategies - and any other “market intelligence” that you will need to become a shrewd-and-successful investor in the greatest global investing boom most of us will ever see. Money does move markets. But Money Morning lets you move first. |



