RICHMOND, Va. _ Universal Corp. on Tuesday reported fiscal fourth-quarter net income of $45.8 million. On a per-share basis, the Richmond, Virginia- based company said it had net income of $1.64. Universal Corp. shares have risen almost 10 percent since the beginning of the year.
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What stocks might the father of value investing, Benjamin Graham, like today? TheStreet.com reports.
Sony has secured financing from Abu Dhabi’s investment fund for EMI as second-round bids for the UK music company came in before a deadline last night, people close to Citibank’s $3.5bn-$4bn auction said. The FT reports.
Bids for EMI suggest that the British music company could fetch more than $4 billion, allowing Citigroup to recoup about three-quarters of the money it lent to Guy Hands’ ill-fated private equity buy-out in 2007.
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Based on the theory that bond analysts look more closely at company balance sheets, Peter Andersen, portfolio manager at Congress Asset Management, recommends picking stocks based on how company bonds are performing. Read this post to pick his brain.
Cramer makes the call on viewers' favorite stocks.
Peter Andersen of Congress Asset Management Company and Steve Grasso at Stuart Frankel, told CNBC how investors can prepare their portfolios for the weekend.