Contrarian Investors' News: Financial Services - Upcoming stories

Latest Delays With Boeing’s Dreamliner Puts Program Two Years Behind Schedule

MoneyMorning — Fri, 09 Jan 2009 22:10:02 GMT

The Boeing Co. (BA). is pushing back the schedule of its troubled 787 Dreamliner jet program by about six months as it works to unwind delays caused by the recently concluded union-machinists strike.

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Plunging Auto & Gas Sales Hurt Retail Sales in November

MoneyMorning — Fri, 09 Jan 2009 22:10:02 GMT

Dragged down by plunging gasoline prices and an auto industry struggling for survival, retail sales fell by 1.8% in November for a record fifth straight month, according to the U.S. Commerce Department.

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Some Latin American Markets Show Profit Potential in the New Year, While Others Pose Risk

MoneyMorning — Fri, 09 Jan 2009 22:10:02 GMT

The “right” Latin America will thrive in the New Year, fueled by ts own growth – with an assist from the continued hot growth from China – while the “wrong” Latin America will get left behind.

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Fed May Cut Rates Again as Policymakers Meet

MoneyMorning — Fri, 09 Jan 2009 22:10:02 GMT

.S. Federal Reserve policymakers meet today (Monday) and tomorrow (Tuesday), most experts expect a half a percentage point cut in the benchmark Federal Funds Rate – which is already 1.0%.

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White House Opens TARP to Auto Industry after Congress Fails to Approve Loans

MoneyMorning — Fri, 09 Jan 2009 22:10:02 GMT

The Bush administration Friday dropped its opposition to using the $700 billion bank bailout fund to provide financing for U.S. automakers after the Senate balked at approving $14 billion emergency loans.

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Toyota to Slash 2009 Sales Outlook, Cut Costs

MoneyMorning — Fri, 09 Jan 2009 22:10:02 GMT

The world’s top automaker said it will announce a revised 2009 sales forecast at its end-of-the-year news conference Dec. 22. The company is expected to slash at least 1 million cars from its original forecast of 9.7 million units, Reuters reported.

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ECB Strikes Hawkish Tone on Interest Rates as U.S. Fed Plans Further Cuts

MoneyMorning — Fri, 09 Jan 2009 22:10:02 GMT

While the U.S. Federal Reserve is expected to cut its benchmark Federal Funds target rate to a record-low 0.5% at its policymaking Federal Open Market Committee meeting tomorrow (Tuesday), the European Central Bank (ECB) is signaling a reluctance to drop its key rate below 2.0%.

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Storm's ill-advice sends innocents to the bottom

cij — Fri, 09 Jan 2009 22:10:02 GMT

Another financial time-bomb exposed when the financial tide of credit receded. Leverage is the weapon here.

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Global Investing Roundups

MoneyMorning — Fri, 09 Jan 2009 22:10:02 GMT

The world’s biggest nuclear utility company, Electricité de France SA will offer as much as $6.5 billion for assets of Constellation Energy Group, Inc (CEG), source familiar with the matter told The Wall Street Journal.

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That $25 Billion in Loans America’s “Big Three” Automakers Had Sought … It’s Now $34 Billio

MoneyMorning — Fri, 09 Jan 2009 22:10:02 GMT

The U.S. “Big Three” of General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler Corp. submitted their turnaround plans to Congress yesterday (Tuesday), hoping for approval of a massive loan package they say is central to their survival.

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