Berkshire Hathaway Bets on Oil
Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in pipeline operator Kinder Morgan Inc, boosting its bet on the oil industry as prices hover near lows not seen in more than a decade.
Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new investment in pipeline operator Kinder Morgan Inc, boosting its bet on the oil industry as prices hover near lows not seen in more than a decade.
A new survey of 400 chief financial officers raises serious questions about the veracity of earnings reports.
Gold prices tumbled on Tuesday as U.S. stocks drew bidders and after a prominent Wall Street firm offered a bearish outlook on the yellow metal.
Apple was leading a slate of new bond sales on Tuesday after a nearly two-week lull, suggesting investors are still eager to lend to big blue-chip companies despite concerns that a global recession could be developing.
Indonesia's mining ministry on Tuesday recommended that Freeport McMoRan receive a new six-month copper export permit, potentially ending a near two-week stoppage after the previous permit expired last month.
Saying the largest U.S. banks should be regulated like nuclear power plants, the Minnesota Fed President Neel Kashkari warned of the lingering dangers of ‘too big to fail banks’ and urged Congress to consider breaking them up.
Ascent Capital Group Inc.'s stock shot up 30% in morning trade Tuesday, putting it on course for the biggest one-day percentage gain in its 7 1/2-year history, in the wake of buyout offer for rival home security company ADT Corp. .
Community Health Systems shares were under pressure, after the No.2 U.S. for-profit hospital operator posted a surprise quarterly loss Monday after the close.
I’ve blogged a lot lately about the extended marketvolatility we’ve experienced recently, in an effort to equip investors andtraders with actionable strategies to fight back.
The National Association of Home Builder’s gauge of homebuilder sentiment slipped to 58 in February from 61 the month prior. It was the lowest reading since May. Wall Street expected a shallower decline to 60.
Hormel Foods boosted its guidance for the year as profit in the most recent quarter shot up 37% on strength from its refrigerated foods, grocery products and specialty foods segments.
Community Health Systems Inc.'s stock plunged 28% in active morning trade Monday, putting it on course to close at a six-year low, after the hospital operator swung to a surprise fourth-quarter loss on revenue that fell well short of expectations.
U.S. stocks opened higher Tuesday as crude oil prices stabilized following an announcement that several major producers would freeze production.
Saudi Arabia, Russia, Venezuela and Qatar have agreed to freeze their crude oil production at January levels, but only if other major oil nations follow suit, media reports said Tuesday.
Facebook is taking pre-orders for Oculus Rift computer bundles in hopes of attracting devout gamers.
U.S. crude pared gains after Qatar's energy minister said his country had agreed to freeze output at January's levels, together with Saudi Arabia, Russia and Venezuela.
Private-equity firm Apollo Global Management is nearing a deal to acquire ADT and combine it with another security company Apollo already owns.
China stocks extended their rebound on Tuesday, closing at a three-week high, drawing inspiration from a jump in oil prices, a rally in European equities and a stabilizing yuan.
China's central bank issued a slew of measures on Tuesday to support steady growth of industries as the economic slowdown weighed on a spectrum of sectors.
U.S. crude jumped 5% to $30.91 per barrel, as a meeting of oil ministers from Saudi Arabia, Russia, Qatar and Venezuela spurred hopes of action by the producers to tackle a devastating global supply glut that has hammered oil prices.
Rapper Kendrick Lamar led the Grammy winners on Monday with five wins but was shut out of the night's top categories as Taylor Swift nabbed album of the year in an upset victory.
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