Consumer Credit Rose by $18.14 Billion in February; January Revised to Show Smaller Jump Than Previously Expected
Warren Buffett
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Global risks are rising, and that has Pimco investing in higher quality, highly liquid investments like Treasurys, bond investor Bill Gross told CNBC.
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Global risks are rising, and that has Pimco investing in higher quality, highly liquid investments like Treasurys, bond investor Bill Gross told CNBC.
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Pimco's Bill Gross says Warren Buffett, George Soros and even himself have benefited from favorable market conditions. Dennis Gartman, The Gartman Letter and Joe Greco, Meridian Equity Partners, share their opinions.
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"Am I a great investor? Not yet," Pimco's Bill Gross writes in an essay titled "Man in the Mirror." The real test of greatness will be adapting to a new era once the epoch of credit expansion comes to a close.
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NEW YORK, April 3- Bill Gross, manager of the world's largest bond fund, said on Wednesday that the Federal Reserve's aggressive monetary policies may have changed the landscape so greatly that investors like himself and Warren Buffett may face radically new challenges in trying to maintain their track records.
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NEW YORK, March 28- U.S. stock index futures edged up on Thursday and were set to close out a strong quarter, as investors shifted focus from developments in the euro zone and Cyprus to the U.S. economy, which is expected show continued improvements.
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Pinnacle Foods Inc., the maker of Birds Eye frozen foods, Duncan Hines frosting and Vlasic pickles, is expected to go public Thursday in the only major IPO this week. The Parsippany, N.J.- based company could raise as much as $580 million in the initial public offering of its stock. It is on deck to sell 29 million shares at between $18 and $20 each.
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NEW YORK-- Big U.S. companies spent less to buy back their stock in the fourth quarter than in the third, an analysis issued Wednesday shows. Two big companies which hadn't bought back shares for years _ Apple Inc. and Warren Buffett's Berkshire Hathaway Inc. _ did so in the fourth quarter, S&P Dow Jones Indices noted.
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Buffett's Berkshire will probably get just $100 million in GE stock in a warrant deal, far less than its return from Goldman Sachs warrants.
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GEORGE OSBORNE'S MORTGAGE SUPPORT PLAN' WILL JUST BOOST HOUSE PRICES' George Osborne's 15 billion pounds plan to underwrite mortgages and take stakes in new homes will drive up house prices without boosting housebuilding significantly, Treasury forecasters have said.
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Capital rules relaxed for new UK banks US crackdown on Citi laundering flaws Buffett to join Goldman top 10 investors Deutsche sets aside 500 m to cover Libor Kingfisher suffers from cold snap T-Mobile USA drops yearly phone contracts Overview.
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CNBC's Bertha Coombs reports on the biggest stories on Wall Street today.
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In the new agreement between Goldman Sachs and Warren Buffett, Buffett receives roughly 9.2 million shares valued at $1.3 billion, reports CNBC's Mary Thompson.
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March 26- Warren Buffett has given up his chance to become Goldman Sachs Group Inc's largest shareholder no additional cost to his Berkshire Hathaway Inc. Buffett received the warrants as part of a 2008 deal during the depths of the financial crisis, when his investment in Goldman was seen as a vote of confidence in the firm.
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Under that deal, Berkshire had the right to buy about 43.5 million Goldman shares- or a roughly 9 percent stake- at an exercise price of $115 per share, for $5 billion in total.
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A crisis-era deal has been amended between Warren Buffett and Goldman Sachs, reports CNBC's Mary Thompson.
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Warren Buffett's Berkshire Hathaway will become one of the biggest shareholders of Goldman Sachs.
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March 26- Warren Buffett will become one of Goldman Sachs' ten largest shareholders essentially for free, after he and the bank amended a 2008 deal to exchange his potential profit on Goldman warrants for stock. Under a 2008 deal, Buffett had held the right to acquire about 43.5 million shares of stock at an exercise price of $115.
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March 26- Warren Buffett will become one of Goldman Sachs' ten largest shareholders essentially for free, after he and the bank amended a 2008 deal to exchange his potential profit on Goldman warrants for stock.
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March 26- Goldman Sachs Group Inc will give Berkshire Hathaway Inc millions of shares in the bank in place of warrants that date to the financial crisis, a deal that saves Berkshire money upfront and reduces dilution risk for Goldman.
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CNBC's Mary Thompson reports Goldman Sachs and Warren Buffett have amended a crisis-era deal, which will now make Buffett one of Goldman's top ten shareholders.