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...company's sales have increased for 55 straight months. Profits grew 11%, to $1.2 billion, in the third quarter of 2008 (the company will report its fourth-quarter results on Jan. 26). McDonald's and Walmart were the only two companies in the Dow Jones industrial average whose share prices rose during 2008. Merrill Lynch, which rates McDonald's a "buy," said in a research report that the stock is "in a world...
...Times were located in Mexico, Slim would probably get his share of headlines, some of which might not be flattering. Forbes, usually a friend of the very rich, mentions in its profile of Slim that his close relationships with the top echelon of his country's politicians have drawn some measure of concern...
...says the official. "We've already said that with the current situation in world markets, there needs to be major consolidation in the car business, and as we've shown today, we'd like to be part of that." Still, despite its more recent success, the Italian company's share price is near an all-time low, and Tuesday's deal may have been an attempt, above all, by Fiat to strut for investors. Fiat shares, which had been suspended earlier Tuesday, rose nearly 4.5% after the deal was announced, only to end the trading day in Milan down...
...front end of the process, the U.K. has essentially begun that nationalization of some banks. It will end up with a 70% share in RBS. The stunning part of the program is, according to Bloomberg, that the government will require aid recipients to sign "specific and quantified" agreements to lend, reflecting Brown's frustration at the failure of an October rescue to unlock credit markets. (See pictures of London's gathering storm...
...good news for Merkel. Although Koch retained power in Hesse, the CDU's share of the vote remained static. The biggest gains were posted by smaller parties like the FDP, the Greens and the Left. In such turbulent times, voters might be expected to turn out in their droves. But voter participation in Hesse was only 61%, the lowest turnout ever recorded in the state. "The federal election will depend on which parties can mobilize voters but for the moment only the small parties are doing so - especially the FDP and the Greens," said Peter Lösche...