Warren Buffett
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The vote to split roles for JPMorgan Chase Chairman and CEO Jamie Dimon on Tuesday could be driven by big index funds, as well as by Institutional Shareholder Services
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Though investors are abandoning solar manufacturing, the solar game is far from over, with the next boom expected in storage, one analyst says.
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sold off another 1.375 million of its Moody's Corp shares in the past three trading days, leaving it with an 11.1 percent stake in the parent of credit rating agency Moody's Investors Service. Last Wednesday, Berkshire Hathaway said it had sold 1.75 million Moody's shares in the first three days of last week, the first time since 2010 it had sold shares in Moody's.
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Warren Buffett and Bill Gates said it's only fair that online retailers collect state sales taxes, just as brick-and-mortar stores do.
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May 6- Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion.
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May 6- Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion.
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Buyers are sensing that the economy is getting better, and are more interested in dumping the "tried and true brand names" and jumping on cyclical stocks, Jim Cramer says.
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NEW YORK, May 6- The S&P 500 closed at another record high, pushing further above 1,600 as financial shares led the way after Bank of America's settlement with MBIA. Bank of America said it would settle claims with MBIA for $1.6 billion, lifting shares of both companies as well as the S&P financial sector Index, which gained 1 percent.
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NEW YORK, May 6- The U.S. dollar rose against the yen and euro on Monday and U.S. stocks closed at a new record as the outlook for the U.S. economy continued to brighten following last week's strong jobs report. Financial shares led the way on Wall Street, with Bank of America up 5.2 percent after it reached a settlement with bond insurer MBIA Inc..
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A look at some of the most compelling conversations and noteworthy moments broadcast on CNBC Monday.
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NEW YORK, May 6- The U.S. dollar rose against the yen and euro on Monday and U.S. stocks were set to close at a new record as the outlook for the U.S. economy continued to brighten following last week's strong jobs report.
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NEW YORK, May 6- U.S. stocks inched higher on Monday, lifted by financials and Apple shares, as Wall Street extended a rally that pushed the Dow and S&P 500 to record highs last week. Shares of MBIA jumped nearly 50 percent to $14.46 following a news report regarding a settlement of ongoing dispute with Bank of America. Bank of America shares were up 4 percent at $12.74.
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"We believe Apple is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again- starting with a software/services/Mac event on June 10th and a likely iPhone/iPad event in September," analysts led by Ben Reitzes said in a note to clients. **MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct.
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May 6- Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion.
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*Oil briefly pares Syria- related gains, demand a concern. The euro fell against the greenback after European Central Bank President Mario Draghi said the bank, which cut interest rates last week, is watching economic data and is ready to act again.
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NEW YORK, May 6- U.S. stocks edged up on Monday, boosted by the tech sector, as Wall Street extended a rally that pushed the Dow and S&P 500 to record highs last week on improving earnings and reassuring signs about the economy. Apple shares were among the top gainers after Barclays raised its price target on the stock.
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*Bank of America, Apple rise; Humana jumps after upgrade. Apple shares were among the top gainers, up 2 percent at $458.65 and giving the biggest boosts to the Nasdaq composite index and benchmark S&P.
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*Buffett says JPMorgan CEO Dimon should stay chairman. May 6- Warren Buffett said the U.S. economy is gradually improving, but low interest rates have made bonds "terrible investments" while stocks remain "reasonably priced."
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Billionaires Bill Gates and Warren Buffett said limits on charitable deductions could hurt giving—but only among the lesser rich.
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*Marano has previously worked for Cerberus Capital. May 6- Residential Capital LLC Chief Executive Thomas Marano has resigned as the mortgage subsidiary of auto lender Ally Financial Inc works its way out of bankruptcy. Marano was managing director at Cerberus Capital Management before moving to ResCap.
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*BofA and Apple rally; Humana jumps after upgrade. NEW YORK, May 6- U.S. stocks were flat on Monday as investors paused following a sharp rally that took major averages to record highs last week.