The talk of succession for Warren Buffett is likely to take on some new discussion today, even if there is no timeline set. Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B) has announced the hire of…
Dollar General Corporation (NYSE: DG) is seeing its stock trade a bit soft this morning on news that private equity backers are selling 25 million shares of common shares at a price to the…
Hurricane Irene lightened up before hitting the northern half of the Eastern Seaboard. Hurricane Katia was originally looking to be a real threat to much of the same areas as Irene hit, but it…
Bank of America (NYSE: BAC) has announced another management reorganization that seems to do nothing to solve the bank’s balance sheet and legal problems. That makes the new structure useless. Tom Montag becomes a…
Another private equity giant is set to come public in an initial public offering. The Blackstone Group (NYSE: BX), Apollo Global Management, LLC (NYSE: APO), Kohlberg Kravis Roberts & Co. (NYSE: KKR), and Fortress…
It is Bank of America’s (NYSE: BAC) turn to sell off 10%. Deutsche Bank dropped 8.9% in trading today. Royal Bank of Scotland fell 12.3%, and Societe Generale 8.6%. The reasons for the panic…
If it is true, it would be another sign of desperation. The Charlotte Observer reports that Bank of America (NYSE: BAC) could lay-off 30,000 people over several years. The bank has come under new…
To say that the situation had become painful at Bank of America (NYSE: BAC) would be the understatement of the year. Shares were trading at $10.22 on July 21, before the meltdown started and…
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-B) is 81 years old today and many are paying tribute. Earlier this year, we gave a breakdown of his greatest investments in history. The recent addition…
Bill Gross, who manages the world’s largest bond fund, told the Financial Times and almost anyone else who would listen: “Do I wish I had more Treasuries? Yeah, that’s pretty obvious. … I get…
Bank of America Corp. (NYSE: BAC) raised $5 billion in cash from Warren Buffett last week, and the bank announced this morning that more cash is on the way from a sale of 13.1…
Any time a hurricane hits, it can cause billions of dollars in damage to homes, cars, businesses, and other properties. The estimates for Hurricane Irene were growing higher and higher last week for what…
Americans often think that if a foreign stock does not have an ADR here in America that the company doesn’t matter as much. Sometimes that is true, but not this morning. Europe, and Greek…
Now that Bank of America Corp. (NYSE: BAC) has raised $5 billion in cash from Warren Buffett, it’s time to look around and see what assets the bank might have on the block next.…
Germany is supposed to be immune to losing its “AAA” rating. When we covered “The Nations Which Could Lose Their AAA Ratings” there was no mention of Germany. That was before the short-selling ban. …