Warren Buffett’s Berkshire Hathaway announced that it will pay $4.5 billion for 60 percent of Marmon Holdings Inc., a private company of more than 125 manufacturing and service businesses.
Berkshire Hathaway Inc. plans to acquire the remaining 40 percent of Marmon over the next five to six years depending on future earnings of Marmon, according to […]
Reports surfaced that billionaire Warren Buffett may buy parts of Countrywide. Reports from the Wall Street Journal state that Countrywide’s debt-servicing and its mortgage portfolio - mortgage backed securities may be attractive to Buffett. Warren Buffett has recently been increasing his stake in financial service companies focusing on those companies with significant exposure to […]
While the rest of Wall Street is getting hammered by the credit crunch and the housing market but one thing remains clear…Goldman is king. Goldman managed to post a 2% profit increase for its fiscal fourth quarter. Financial advisory revenue hit $1.24 billion, up 98% from last year. And the firm set aside $20.2 […]
Brocade Communications Systems former personnel director did not conspire to backdate employee stock-option awards, the company’s former CEO said in an unsealed court document that goes against a jury’s findings in the case.
Stephanie Jensen, Brocade’s former vice president of human resources, “never participated in a scheme to defraud Brocade, its board, its shareholders, its auditors, […]
Research in Motion’s fiscal third-quarter profit more than doubled on strong demand for its BlackBerry smart phones by consumers and businesses. The company’s shares jumped more than 11 percent in after hours. For the quarter ended Dec. 1, Canada-based RIM earned $370.5 million, or 65 cents per share, compared with $175.2 million, or […]
The maker of the popular BlackBerry, Research In Motion (RIMM), reports earnings Thursday after the bell. That leaves you tomorrow’s trading day to make your move…the question is, how should you play it?
The following is a synopsis of Jim Goldman’s thoughts:
Most analysts are expecting to hear pretty good news from RIMM. Look for a […]
