At the annual IBM investors' meeting, CEO Ginny Rometty and her lieutenants lay out a plan for winning back investors.» Read More
Here at the breaking news desk, we have a pretty good handle on what’s news, but sometimes the fact that news is going to happen becomes the news itself. Usually, when I start off the daily blog with a statement like that, the reaction is a universal “What? Speak English!”. But stay with me here, because this one involves the forthcoming investment proclamations of one Warren Buffett, the world’s second richest man.
A $45 billion megawatt merger could light up at least a few stocks this week. The guarded stock market will otherwise focus on rising oil prices, housing numbers, a batch of economic data, Fed speakers, and the drama surrounding Iran. The oracle of Omaha will issue his latest words of wisdom after the bell Thursday and a few big earnings will make news. Of course, everyone will be watching the Oscars.
Billionaire Warren Buffett's holding company Berkshire Hathaway revealed Wednesday that it bought $774.3 million in U.S. Bancorp stock last year, adding to the bank holdings already in the company's $52.8 billion stock portfolio.
The portfolio manager and short-selling expert offers CNBC’s Erin Burnett his “possible improbables” for 2007.