Thursday, November 20th, 2008

Global Investing Roundups Friday, September 5th, 2008

Sep 5th, 2008 | By William Patalon III | Category: Financial News, International Investing

Red Hat’s Purchase; Toll Bros. NYC Worries; Dollar Rally; Unilever’s New CEO; Fed President Sees Room for Cut; Boeing’s Labor Woes

  • Shares of consumer goods maker Unilever PLC (ADR: UL) increased 5% yesterday (Thursday), bucking the overall trend of the market, on news that industry veteran Paul Polman had been selected as the new chief executive officer. Unilever ADR shares gained $1.31 to close at $27.85.
  • Federal Reserve Bank of San Francisco President Janet Yellen said an interest-rate reduction was not out of the question as the risks to economic growth remain “substantial” and will likely moderate inflation, Bloomberg News reported. The current rate “does not imply a highly accommodative policy stance,” because credit conditions are “probably more restrictive” now than when the Fed started its aggressive easing campaign, Yellen said while speaking in Salt Lake City.

Source: Global Investing Roundups Friday, September 5th, 2008


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By William Patalon III

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William Patalon IIIWilliam (Bill) Patalon III is the Managing Editor and Senior Research Analyst for Money Morning, and is also the Managing Editor for The Money Map Report. Patalon's work has appeared in Kiplinger's personal finance magazine, USA Today, and The South China Morning Post, among other publications.

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Money Morning is the leading source of investment research on the global markets. Its free daily service provides news, research, investment opportunities and insights on international investing -- most of it well before it appears in the mainstream financial media.

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