Cash-rich companies, 2008 Fortune 500 & trillion dollar mortgage bomb - Today in Money - 4/21

Posted Apr 21st 2008 9:17AM by Allan Halprin
Filed under: Google (GOOG), Microsoft (MSFT), Yahoo! (YHOO), Apple Inc (AAPL), Hewlett-Packard (HPQ), eBay (EBAY), Wal-Mart (WMT), Coca-Cola (KO), Walt Disney (DIS), International Business Machines (IBM), Halliburton (HAL), Johnson and Johnson (JNJ), Money and Finance Today, Bank of America (BAC), Boeing Co (BA), Federal Natl Mtge (FNM), Procter and Gamble (PG), Mattel, Inc (MAT), Oracle Corp (ORCL), Merck and Co (MRK), Lilly (Eli) (LLY), EMC Corp (EMC)

In the News:

· Bank of America Profit Plunges 77% in 1Q

· Merck Earnings Top Estimates as Profit Nearly Doubles

· Gas Prices Rise 16 More Cents; Expected to Rise 30 Cents More Over Next Few Weeks

· National City Bank Close to $6 Billion Cash Infusion

· Eli Lilly 1Q Profit Doubles as Cialis, Cymbalta Sales Rise

· Mattel Delivers 1Q Loss on Product & Legal Costs

· Halliburton 1Q Profit Rises

· Google Named World's Most Powerful Brand for Second Year Over GE

· Skype to Sell Unlimited International Calls for $9.95/Month

· Red Envelope Files for Bankruptcy

· Yahoo's Last Stand: Tomorrow's Earnings Report Could Sway Microsoft Deal

Wal-Mart Tops Fortune 500 List
The retail giant is on top for the second year in a row, while AT&T moves up and GM slips. See who ranks where on the definitive list of America's largest companies and why.
FORTUNE 500 2008: Annual ranking of America's largest corporations from Fortune Magazine

Stocks: Where the Big Bucks Lurk
A closer look at S&P's list of stocks with big cash hoards and top analyst rankings show these 20 companies are sitting pretty. They include Apple, Boeing, Coca-Cola, Disney, EMC, Hewlett-Packard, IBM, J&J, Microsoft, Oracle, Paychex, P&G to name a few.
Cash-Rich Companies

Mom's New Battle: The Food Price Bulge
As American families face the double whammy of higher gas and food prices, moms nationwide are resorting to considerable ingenuity to stretch their monthly grocery budget. Beyond clipping coupons, families are embracing generic grocery brands, and making their own baby food and detergent.
Soaring food prices elicit creative solutions from moms - CNNmoney

Trillion-Dollar Mortgage Bomb
Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac. Risks are rising that Fannie and Freddie may need a government bailout that could cost far more than previous rescues.
Concerns rising that Fannie and Freddie could need bailout - CNNmoney

Mortgage Rates at Low Point
Eyeing a home loan? Current mortgage rates are about as low as they'll go this year.
Mortgage Rates at the Low Point - Kiplinger.com

7 Sure-Fire Ways to Become an Identity Theft Victim
If you like red tape and the feeling of being used, follow these steps to ensure your identity is no longer yours.
How to become an identity theft victim - Bankrate.com
Also: 8 Tips to Limit Your Exposure to ID Theft
Also: Former ID Theft Victim Helps Others

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Reader Comments (Page 1 of 1)

4-22-2008 @ 1:24PM

wolfman said...

The price of gasoline is going up to fast so much so it will cause a big recession and put a lot of people out of work. Now rather than go to the store and waste gas I order everything on line even most of our food. This is just the tip of the iceburg for what is to come. The malls will shut down. The department stores will shut down. We will no longer go out to eat. And Bush can put Oil on his cornflakes instead of milk.

The Wolfman