Sponsored Link:

Global Investing Roundups

Mid-East Violence Drives Crude Higher; IndyMac to be Sold by Year’s end; Retailers in for Tough Start to 2009; Six-month Treasury Rate Hits Record Low; Commercial Banks Report $6 Billion in 3Q Revenue

  • Crude prices rose back above $40 a barrel yesterday (Monday), as Israel and Palestinian forces exchanged fire and casualties mounted in the region. Light, sweet crude for February delivery rose $2.31 cents to settle at $40.02 a barrel on the New York Mercantile Exchange.
  • A group of investment firms that includes J.C. Flowers & Co., Dune Capital Management, and Paulson & Co., is set to purchase IndyMac Bank, one of the nation’s largest failed banks, from the Federal Deposit Insurance Corp. (FDIC) according to CNNMoney. Neither the FDIC nor any of the potential buyers have commented, but the agency has said it expects the deal to be announced by yearend.
  • Retailers may close 73,000 stores in the first half of 2009, the International Council of Shopping Centers said yesterday (Monday). More than a dozen retailers, including Circuit City Stores Inc., Linens ‘n Things Inc., Sharper Image Corp. and Steve & Barry’s LLC, have already sought bankruptcy protection this year, Bloomberg News reported.
  • The interest rate on six-month U.S. Treasury bills fell to its lowest level ever at this week’s government auction. The Treasury Department yesterday (Monday) said it auctioned $27 billion in six-month bills at a yield of 0.25%, down from a rate of 0.285% last week, and an all-time low. The department also auctioned $26 billion in three-month bills at a yield of 0.05%, a slight increase from last week’s 0.04%.
  • Commercial banks in the United States reported $6 billion in third-quarter revenue from trading foreign exchange, interest-rate and other derivative instruments, the Office of the Comptroller of the Currency said yesterday (Monday). That is significantly more than the $1.6 billion of trading revenue banks reported in the second quarter.

 

More on this topic (What's this?)
Dividend Portfolio Investing for monthly income (Dividend Growth Investor, 12/4/08)
As goes January so goes the year – Testing the January Barometer (Dividend Growth Investor, 2/4/09)
Investing Carnival #24 (Dividends Value, 12/2/08)
Sound Investing Amidst the Market Panic (Penny Sleuth, 12/5/08)
Read more on How To Invest at Wikinvest
December 30th, 2008

Why Gold Will Surpass $2,500

Few investors realize that inflation is the least of the factors driving the bull market in gold. Other factors, like Venezuela's crackdown on gold exports, are likely to push prices higher. Find out how to play each of the "7 Key Drivers" in our Money Morning Publisher's Series report... Go here to get it for free.




This entry was posted on Tuesday, December 30th, 2008 at 11:45 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 2 Responses So Far. »

  1. Pingback by Jutia Group - Market Jitters & Political Critters on 30 December 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’; [...]

  2. Pingback by Global Investing Roundups on 31 December 2008:

    [...] 2009; Six-month Treasury Rate Hits Record Low; Commercial Banks Report $6 Billion in 3Q Revenue… Read More Money Morning Sponsored [...]

Post a Response