Warren Buffett says people like him are the problem with the U.S. economy.
The Oracle of Omaha says, “the economy is doing well, but all Americans aren’t doing well.”
Nestle SA, up $3.34 to $88.17. Arconic Inc., down $1.53 to $24.01. Pandora Media Inc., up 18 cents to $8.46.
Store Capital CEO says Berkshire Hathaway followed the company "closely" since 2014 before investing this year.
OMAHA, Neb.— Warren Buffett's company is spending $377 million to pick up 9.8 percent of a real estate investment trust called Store Capital. Berkshire bought 18.6 million shares of Store Capital for $20.25 per share in a private placement sale. Store Capital's stock jumped nearly 11 percent to $23 after the investment was announced Monday.
Store Capital says Berkshire Hathaway followed the company "closely" beginning in 2014 before investing this year.
U.S. stock indexes closed mostly higher Monday, snapping a four-day losing streak for the Dow Jones industrial average on a day of largely listless trading. "It's a pretty low volatility day and a continuation of the trend we saw last week, which is equity markets largely treading water," said Bill Northey, chief investment officer at the private client group at U.S.
Store Capital says Berkshire Hathaway invested $377 million in the company, which represents a 9.8 percent stake in the real estate investment trust.
Store Capital on Monday announced Berkshire Hathway has taken a 9.8 percent stake in the company, a real estate investment trust.
TORONTO, June 23- Canada's main stock index rallied on Friday as index heavyweights like energy and mining shone, while BlackBerry Ltd shares suffered its biggest one-day drop in 2-1/ 2 years after disappointing first quarter sales. Enbridge Inc rose 1.2 percent to C $52.22, while Suncor Energy advanced 1.1 percent to C $38.52 as oil prices bounced from 10- month...
The more the bull market is led by indexing, "the less likely it will be that there'll be big bonuses," Josh Brown says.
*BlackBerry stock falls 11.8 percent to C $12.93. TORONTO, June 23- Canada's main stock index rallied on Friday, bolstered by index heavyweights like energy and mining stocks, but BlackBerry Ltd shares suffered sharp losses after first quarter sales missed expectations. Shares tumbled 11.8 percent to C $12.93, on track for its biggest one-day decline in about...
Billionaire Charlie Munger told a small group of investors the strategy of buying only service company stocks made former vice president Al Gore very wealthy.
June 22- It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C $360 million paper profit by propping up a major Canadian lender on life support. Home Capital joined Bank of America Corp, General Electric Co, Goldman Sachs Group Inc and other companies that have welcomed Buffett's largesse, accepting a C $2 billion credit...
*Qatar Airways interested in buying 10 pct of American Airlines. *Qatar Airways says will first buy 4.75 pct. The move by Qatar Airways would expand its investments in North America as Qatar is embroiled in the region's worst diplomatic crisis in years and is locked in an airspace rights row with three other Gulf states.
*Berkshire Hathaway to provide new C $2 billion loan. TORONTO, June 22- Warren Buffett's Berkshire Hathaway Inc is providing a C $2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada's housing market has turned riskier. Street Capital Group closed up...
OTTAWA, June 22- Canada's main stock index rose on Thursday as the financial and resource sectors advanced, while non-bank lender Home Capital Group jumped after it said it would get a line of credit from Berkshire Hathaway Inc.. Shares of Home Capital, which nearly collapsed in April, soared 23 percent to C $18.38 after it said billionaire Warren Buffett's...
Warren Buffett's Midas touch just gave this Canadian company's stock a 10% boost. And, he made a cool 65% profit in the process, writes Breakingviews' Tom Buerkle.
Berkshire Hathaway Inc's commitment of a C $2 billion credit facility to Home Capital Group Inc, Canada's largest nonbank lender, marks the billionaire's latest effort to shore up a company in dire need of cash. "It's a traditional, opportunistic Berkshire transaction," said Cathy Seifert, a CFRA Research equity analyst, in an interview. "Today's announcement is a...
The Senate health-care bill's tax cuts would go primarily to the wealthy, with 40 percent of savings going to the top 1 percent of earners.