Sponsored Link:

Global Investing Roundups

Toll Brothers 4Q Revenue Caves; Vodaphone Focuses on Cash; Tyco Doubles 4Q Net Income; StatOilHydro Buys Shale Gas from Chesapeake; Oil Hits 20-month Low; Sirius Posts Profit Loss Despite Increase in Revenue

  • Reeling from the housing and credit crisis, luxury-home builder Toll Brothers Inc. (TOL), reported a 41% dive in its fiscal fourth-quarter revenue, Bloomberg reported. “Unfortunately, the preliminary signs of stability we had discussed in early September were upended by the past month’s financial crisis,” Chief Executive Officer Robert Toll said in a statement.
  • Cash-flush StatoilHydro ASA (STO) said it will buy an inital 32.5% stake in the Chesapeake Energy Corp.’s (CHK) 1.8 million-acre Marcellus shale gas reserve. StatoilHydro doled out nearly $3.4 billion for the unconventional energy source, filling a huge hole at Chesapeake, which has a heavy debt burden, Reuters reported.
  • The price of oil hit a 20-month low yesterday falling $3.08 to settle at $59.33 a barrel on the New York Mercantile Exchange – the lowest closing price since March 2007.
  • Sirius XM Radio Inc. (SIRI) said yesterday (Tuesday) that its third-quarter losses totaled $4.88 billion, or $1.93 a share. Revenue more than doubled to $488.4 million, from $241.8 million, however. On an adjusted basis, revenue soared 16% from $529.2 million last year, to $612.8 million.

 

November 12th, 2008

Peter Schiff: Why this Money Should Replace the U.S. Dollar

There’s a new universal currency, backed by solid gold. You can use it to make online purchases anywhere in the world. Converting some money to the new currency takes just 5 minutes. You can start with as little as $10… or as much as $10 million.

According to CNBC star analyst and Euro Pacific Capital President Peter Schiff, this money could double the value of your savings – automatically – in just 6-9 months.

For Schiff’s full analysis and recommendations, please go here.




This entry was posted on Wednesday, November 12th, 2008 at 11:30 am and is filed under Global Business Roundup, Global Roundup. You can follow any responses to this entry through the RSS 2.0 feed. Due to the amount of comments we receive Money Morning will not be able to respond to all questions. If you have not already registered to leave a comment, once doing so you will receive Money Morning's Daily Email.

There Are 3 Responses So Far. »

  1. Pingback by Global Investing Roundups | fixedinvest.com on 12 November 2008:

    [...] The rest is here [...]

  2. Pingback by Global Investing Roundups | forexaud.com on 12 November 2008:

    [...] Original post [...]

  3. Pingback by Jutia Group - Market Jitters & Political Critters on 12 November 2008:

    [...] Money Morning addthis_pub = ‘jutiagroup’; addthis_logo = ‘http://www.jutiagroup.com/favicon.ico’; addthis_brand = ‘Jutia Group’; addthis_options = ‘email, favorites, digg, delicious, myspace, facebook, google, live, reddit, more’; [...]

Post a Response