The recent bid by France’s Electricite de France (EDF) for half of the nuclear business of Constellation Energy (NYSE:CEG) caused Fitch Ratings to downgrade the company’s Issuer Default Ratings. The long-term IDR…
Whenever something like this comes along, one has to ask, "Are these guys serious?" Electricite de France (EDF) yesterday offered Constellation Energy (NYSE:CEG) a premium of about 96% to purchase half of…
This weekend, Barron’s wrote an article noting that shares of Berkshire Hathaway Inc. (NYSE: BRK-A) were finally cheap. After closing at $90,000 on Friday and seeing a low of $74,100 last week,…
Douglas A. McIntyre Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) will be appearing on Fox Business News around the close of the market today, and we have been provided some of the information being…
USG Corporation (NYSE: USG) shares are surging this morning. The sheet rock and building products company has reported that it has entered into an agreement to sell a total of $400 million…
These are the new holdings (sans ETF and sans derivatives) for Bill Gates’ CASDADE INVESTMENT LLC As of September 30, 2008: AUTONATION (NYSE: AN) …
After today’s close, we’ll get to see earnings out of conglomerate, insurance giant, and recent bailout investor Berkshire Hathaway Inc. (NYSE: BRK-A) NYSE: BRK-B). Warren Buffett and friends do not get many…
Goldman Sachs Group (NYSE: GS) had been the one spot in the brokerage sector which was immune from the credit crunch and nearly immune from the mortgage mess. In fact, the company…
Wells Fargo & Company (NYSE: WFC) has priced that monster share offering. Rather than $10 billion being raised, it is more like $11 billion. The banking giant priced 407.5 million shares at…
Depending upon where your local elections are held, it looks like we are the half-way mark for most voting poll times today. What has been a 19- or 20- month ordeal is…
It looks like the Oracle of Omaha is riding the Reading Railroad on the Monopoly board all over again. Berkshire Hathaway Inc. (NYSE: BRK-A) has said in a filing that it has…
Douglas A. McIntyre The New York Times has a new writer, at least for a day. Warren Buffett has written an op-ed piece for the paper titled "Buy American. I Am." to shore up some…
There was an interesting Form 4 filed today with the SEC. Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) has artificially added to his holdings of Burlington Northern Santa Fe Corp. (NYSE: BNI). On…
Douglas A. McIntyre Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) just told CNBC that the bailout plan was "no panacea" but that it will help avoid a total disaster. Whether it will be a…
General Electric Co. (NYSE: GE) is coming out swinging to halt the offensive rumors and credit concerns that have been hindering its stock. The company made two key announcements to fight this. …