Industrials

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Macau: The New Las Vegas

Based on industry figures, Las Vegas casinos will only bring in about $4.8 billion this year. Receipts in Macau rose 22% to $3.8 billion in the third quarter. While casino companies lose money in…

Douglas A. McIntyre · 17 years ago

Bankruptcy Watch: U.S. Shipping Partners

U.S. Shipping Partners L.P. will enter bankruptcy court on October 2nd, following the company’s April 29th Chapter 11 filing.  There the court will implement company’s restructuring plan, which is supported by a majority of lenders and…

Douglas A. McIntyre · 17 years ago

Berkshire Hathaway Helped By Derivatives Gains Of $1.53 Billion

Buffett Spit-Shines Berkshire Earnings (BRK-A, BRK-B, COP, GS) Berkshire Hathaway Inc. (BRK-A, BRK-B) has just released earnings for its second quarter.  Warren Buffett and friends reported earnings of some $3.3 billion, or $2,123.00 EPS,…

Douglas A. McIntyre · 17 years ago

GE Gets SEC Issues Behind It (GE)

General Electric Company (NYSE: GE) has reached a settlement with the SEC regarding four accounting matters in 2002 and 2003.  Yep, 2002 and 2003.  This has enough of a look-back that it is probably…

Douglas A. McIntyre · 17 years ago

Warren Buffett’s Berkshire Hathaway (BRK-A) Hits $100,000

The stock price of Berkshire Hathaway (BRK-A) hit $100,000 today, up from a 52-week low of $70,000, but still well off its period high of $147,000. Berkshire’s chief Warren Buffett has made a number…

Douglas A. McIntyre · 17 years ago

Negative PR And Market Cap: GE’s (GE) Missing $200 Billion?

VMS, which monitors television content for its PR value, recently reported that Twitter had received $48 million in free media public relations in the last month. The dynamic of press mentions certainly can work to undermine…

Douglas A. McIntyre · 17 years ago

GE (GE) Bombs

GE’s results were not terribly different from what Wall St. expected although revenue was on the low side. The conglomerate, however, could not get out of its own way as it reported mediocre results…

Douglas A. McIntyre · 17 years ago