View This Message on the Web November 19 Congratulations Keith! Keith Fitz-Gerald's just-published book, Fiscal Hangover: Protect Your Money and Profit in the Global Economy, has hit #1 on Amazon's Finance and Investing list. Get Your Copy - and save $10 off the publisher's price- by clicking here now. New Technology Turns Coal Into Clean, High-Powered Gas [Editor's Note: Money Morning recently conducted a Q&A with Dr. Kent Moors on the future of energy. Dr. Moors last wrote about Marcellus Gas Shale, a new energy-sector profit play.] By Kent Moors, Ph.D. Contributing Editor Money Morning A new fuel technology – unveiled just two weeks ago – is about to revolutionize the energy business. I saw it firsthand. General Electric Co. (NYSE: GE) asked me to present "The Future of Natural Gas" at the company's Gas Turbine Symposium in Greenville, S.C. That's where GE revealed a new generation of its market-leading turbine technology. Most of GE's major North American power-production end users attended the event. And the proceedings were simulcast to GE research centers in Munich, Bangalore, and Shanghai. They made a fuss about this new technology for a reason... Read Full Article » An investment that still works There's been one reliable investment trend of the past 20 years... Over the past decade or so, it has helped investors make gains of anywhere from 530% to 1,084%. Now... it's set to pay off big-time, again. This full report explains exactly what's going on and how to take advantage of the situation... Click here for the details... Sponsored content Why Gold Will Reach a Record $2,000 in 2010 [Editor's Note: This gold-price report is part of our "Outlook 2010" series, which will chronicle the global-investing outlook for the New Year.] By Jason Simpkins Managing Editor Money Morning Gold has surged 60% in the past 12months and it's not letting up. The "yellow metal" is continuing that scorching surge into the last part of the year, establishing new highs on a near-daily basis. In fact, gold established yet another record price yesterday (Wednesday) when it peaked at $1,153.40 an ounce on the New York Mercantile Exchange (NYMEX). And the records are going to keep on coming. Read Full Article » Investment News Briefs With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. U.S. Rep: Give Regulators Power to Break Up Financial Giants; GM IPO Could Come in Q4 2010, Official Says; Fed May Not Increase Interest Rates Until 2012; Wells Fargo to Buy Back $1.3 Billion in Auction Debt; GE Says Appliance and Lighting Businesses Improving; October Housing Starts Miss Estimates; DirecTV Hires Pepsi Exec as New CEO; AMD to Pay Off $1 Billion in Debt; - U.S. Rep. Paul Kanjorski, D-PA, chairman of the House Capital Markets Subcommittee revealed a proposal that would empower regulators to break up financial firms that pose a risk to the nation's economy. Kanjorski's plan took the form as an amendment to a bill in the House Financial Services Committee that proposed new powers for regulators to police, take over, restructure and close firms that are a "systematic risk." Targeted at the 50 largest U.S. financial firms, the amendment would require the Financial Services Oversight Council to evaluate several factors in determining whether to take action, such as size, exposure, leverage and relationships.
- The U.S. government wants the eventual initial public offering (IPO) of General Motors Co. (NYSE: GRM) on a fast track and it could come as soon as the fourth quarter of next year, Reuters reports. "Private markets would like to see us exit this investment, and I think they will be more comfortable if we're on a sustained path out the door than if they think we're going to try to market time it to maximize return," Ron Bloom, head of the government's autos task force told the news agency in an interview.
- Policymakers may not raise key interest rates until early 2012, according to U.S. Federal Reserve Bank of St. Louis President James Bullard. "If you look at the last two recessions, in each case the FOMC waited two and a half to three years before we started our tightening campaign," Bullard said yesterday (Wednesday) in a speech in St. Louis. "If we took that as a benchmark, that would put us in the first half of 2012."
- Wells Fargo & Co. (NYSE: WFC) agreed to repay roughly $1.3 billion to brokerage clients whose funds were frozen last year as the auction-rate securities market collapsed, the North American Securities Administrators Association (NASAA) said yesterday (Wednesday). The San Francisco-based bank also will pay a $1.9 million fine and reimburse investors that sold their holdings at a discount after the market collapsed.
- Revenue and profit growth for General Electric Co.'s (NYSE: GE) consumer and industrial division are slowly improving, unit President James Campbell said yesterday (Wednesday) at an Oppenheimer Holdings Inc. (NYSE: OPY) conference in New York. Campbell expects the unit, which includes GE's appliance and lighting businesses, to show "slight" revenue growth in 2010 and "positive operating profit."
- Housing starts in the United States fell 10.6% in October to a seasonally adjusted rate of 529,000, the Commerce Department said. That's lower than the expected annual rate rise of 600,000 according to a media forecast of 77 economists polled by Bloomberg News.
- The DirecTV Group Inc. (Nasdaq: DTV) named PepsiCo Inc.'s (NYSE: PEP) Michael White its next chief executive officer. White was vice chairman and CEO of Pepsi's its international unit, and is credited by Pepsi CEO Indra Noovi as helping boost sales abroad to almost $20 billion -- more than double the amount when he took the helm of that division in 2003.
- Advanced Micro Devices Inc. (NYSE: AMD) is using a $1.25 billion settlement it received from rival Intel Corp. (Nasdaq: INTC) and a new $500 million bond offering to pay off $1 billion in debt, it said yesterday (Wednesday). AMD will put the cash toward buying back $1 billion in 5.75% notes that mature in 2012.
Read Full Article » | Money Map Report Login » 11/18/2009 SEC Filing Shows Buffett Played It Safe Ahead of His Burlington Northern Buyout 11/18/2009 Battle for Cadbury Gets Sticky as Hershey & Italy's Ferrero Mull Offer 11/17/2009 Home Depot's Numbers Show Housing's Still in the Basement Feature Protect Your Money and Profit in the New Global Economy See More » November 16 | Retail Sales (10/09) | November 17 | Industrial Production (10/09) and Producer Price Index (PPI – 10/09) | November 18 | Consumer Price Index (10/09) and Housing Starts (10/09) | November 19 | Weekly Jobless Claims (11/14) and Leading Indicators (10/09) | November 20 | Philadelphia Fed President Charles Plosser speaks in Singapore. | Worth Considering This Market is (Finally) Heating Up -- Get in Before Its Too Late Buy, Sell, or Hold? by Horacio Márquez Insights on Income by Martin Hutchinson Inside Wall Street? by Shah Gilani When and How the U.S. Economy Will Recover Three Big Reasons Oil Prices Will Rally Back Big Time Alternative Energy Asia Commodities Europe Global Markets Gold/Precious Metals Oil Real Estate Technology U.S. Economy |
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