White House Photo by Pete SouzaWarren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) has released his annual letter to shareholders. Investors will want to review the book value metric before anything else. That was $114,214 per A-share versus the year-end…
By Jon C. Ogg
· 4:58pm ET Thinkstock24/7 Wall St. often looks for crazy volume moves and there are more than just a handful today. AFC Enterprises, Inc. (NASDAQ: AFCE) is up 8% at $32.41 after being called a…
ThinkstockGovernor Rick Snyder of Michigan said today that he will in fact appoint an emergency financial manager for the city of Detroit. He said he has a candidate in mind but did…
Paul Ausick President Obama gave his speech today about the spending sequestration kicking in. We are going to skip the politics on the matter because frankly we have developed something called Cronic Ridiculously Absurd Political…
Jon C. Ogg courtesy of General MotorsFollowing the path set out earlier by Ford Motor Co. (NYSE: F) and Chrysler Group LLC, General Motors Co. (NYSE: GM) and Toyota Motor Corp. (NYSE: TM) posted U.S. sales gains…
courtesy Best Buy Co. Inc.Richard Schulze has filed a statement with the Securities and Exchange Commission that basically confirms that he is not going to make a new big for shares of Best Buy…
ThinkstockIn the coming weeks, the financial sector may move from worrying about the spending sequestration to the coming stress tests of the 19 major banks in the United States. We recently covered the Seven…
ThinkstockAlthough same-sex marriage is now legal in nine U.S. states and the District of Columbia, it is still illegal in the United States. And for the purposes of filing a federal tax return, same-sex…
Thinkstock24/7 Wall St. is taking a daily aim at the world exchange-traded funds (ETFs). Many are great, and many are actively traded and truly represent what investors are trying to get exposure to. Other…
ThinkstockIn its Form 10-K filing today for fiscal year 2012, Chesapeake Energy Corp. (NYSE: CHK) said the U.S. Securities and Exchange Commission (SEC) notified the company on December 21, 2012, that the department’s inquiry…
ThinkstockThe U.S. Census Bureau reported this morning that construction spending in January fell by 2.1% to an estimated seasonally adjusted annual rate of $883.3 billion from a revised estimate of $902.6 billion in December.…
ThinkstockThe stock and bond market just got two new economic readings to digest, and they are both indicating more strength than the economists were expecting. The first reading is the ISM Manufacturing Index for…