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Global Investing Roundups

Money Morning (June 30th, 2008) Writes:
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 ...

Western Union (WU) is gaining momentum

Eric Cheshier (June 23rd, 2008) Writes:
The Western Union Company (NYSE: WU) shares are on the rise – up 15% in the last 3 months. The debt markets are in a panic, and the mortgage industry has all but evaporated like the foam in your freshly poured beer. But money-transfer kingpin Western Union scoffs at the rest of the pitiful companies in the financial sector. Here’s why WU’s biggest growth segment is International. In fact, International revenue and volume surged 19% in Q1, helped by rapid growth in China and India and improved business in Mexico. WU Also, Management bought back 14 million shares for nearly $300 million during the quarter. In 2007, the company spent a crazy amount of money - purchasing more than $700 million worth of ...

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