Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Berkshire net rises, Buffett sees housing rebound (Reuters) »
said fourth-quarter profit surged, helped by derivatives bets tied to
, though
fell 40 percent as the weakened economy weighed on several businesses.
Profit rose for a third straight quarter, and full-year profit increased 61 percent, as Berkshire rebounded from perhaps its worst year since
took over in 1965.
“I was quite impressed with the [...]
SEC examines destabilizing effects of CDS (Reuters) »
, a
that can be used to speculate on an issuer's credit worthiness.
.N) and other
helped Greece arrange derivative deals.[nN25251885]
The SEC would not confirm or deny it was investigating Goldman's role in Greece.
“As an agency, we have been examining potential abuses and destabilizing effects related to the use of credit default swaps [...]
Greece downgrade fears hurt euro, stocks (Reuters) »
LONDON (Reuters) –
World stocks, the euro and commodities fell on Thursday on concerns over a potential downgrade of Greece's debt, while borrowing costs for peripheral euro zone countries rose.
firmed.
's BBB-plus rating by one or two notches within a month, citing downside risks to growth that could hinder the country's deficit-cutting plan.
said Greece [...]
SEC reins in short sellers with new restrictions (Reuters) »
WASHINGTON (Reuters) –
Securities regulators adopted a new rule to restrict short selling more than a year after the financial crisis provoked cries to rein in investors who bet on a stock's decline.
voted 3-2 on Wednesday for a rule designed in part to boost investor confidence by braking the precipitous fall of a stock.
from [...]
TSX rises for seventh session, led by golds (Reuters) »
TORONTO (Reuters) –
Toronto's main stock index finished higher for a seventh straight session on Thursday, led by
shares, which got a boost from better than expected results from
.
Barrick, the world's biggest
, led all heavyweight gainers, up 3.3 percent at C$40.94, after it announced plans to spin off its African assets into a [...]
Summers: China holdings of U.S. debt fluctuate (Reuters) »
on Thursday played down the significance of a decline in China's holdings of U.S. Treasuries.
's paring back of its portfolio as a possible sign of protest against U.S. policies.
But asked on CNBC about the move, Lawrence Summers, director of the
, said the reduction did not signal a concern and that U.S. government [...]
Zain board approves $10.7 billion Bharti bid for Africa ops (Reuters) »
ZAIN.KW
BRTI.BO
), state news agency KUNA and a person familiar with the matter said on Sunday, in a deal valued at $10.7 billion.
in years and a turning point in the long-running saga around the third-biggest telecoms operator in the region.
“Bharti put forward the most compelling offer, but there were offers from others [...]
Nikkei rises 0.5 percent on hopes of Greece aid plan (Reuters) »
TOKYO (Reuters) –
Japan's Nikkei average rose 0.5 percent on Wednesday, with blue-chip shares that had been sold off on concerns about fiscal stability in
.
Toyota Motor rose, with some market players saying its share price may have bottomed and despite a new recall of Camry sedans for steering problems but
slipped on plans to [...]
Stocks, euro firmer ahead of EU Greek debate (Reuters) »
at a summit in Brussels.
are expected to take the lead in sending a message that the EU will help Greece tackle its debt and deficit problems. But the structure, size and any conditions attached to a deal may not be worked out until next week.
Concerns over the debt crisis in Greece and other [...]
Some wary of SEC’s high-frequency presumptions (Reuters) »
NEW YORK (Reuters) –
Regulators considering new rules for U.S. stock markets should take care not to assume that certain types of high-frequency trading are harmful, speakers at a conference on algorithmic trading said on Friday.
The U.S. Securities and Exchange Commission's appeal for public comment on
is largely balanced, speakers at the New York University [...]