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Warren Buffett’s Berkshire Hathaway Keeps Selling Moody’s
6 hours ago ago from WordPress
By Bill Freehling. Warren Buffett trimmed Berkshire Hathaway's position in Moody's Corp. by another 87,992 shares Friday, the sixth time since July that Buffett has sold off Berkshire's stake in the credit-rating firm. Read more
Related contentTip News Tip News 2009
3 hours ago ago from Tip News
Tip News 2009-Dec-22 - Wall Street buoyed by optimism after home sales jump NEW YORK (Reuters) Stocks rose on Tuesday, briefly lifting the S&P 500 to a 14-month high, as a surge in existing home sales indicated more stabilization in housing, increasing optimism about the economic recovery and prospects for profits. Stocks supporting the market's advance included big manufacturers like Boeing Co (BA.N), up 1.5 ...
Related contentMicron Beats Expectation, Posting First Profit in 3 Years
5 hours ago ago from Stockstrategist's Blog
Boise, Idaho chip company Micron Technology ($MU) reported a quarterly profit of $204 million, or 23 cents a share, compared with a loss of $718 million, or 93 cents a share for the same quarter last year. Revenue climbed 24 percent to $1.7 billion. up from $1.4 billion from the previous year's quarter. Analysts had consensus expectations of 6 cents earnings per share on revenue of $1.6 billion. Micron stated that revenue from ...
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3 hours ago ago from Real Estate Pick
Mortgage Bankers Association for the week of November 12, 2009 Market Composite Index: (loan application volume) increased 3.2 percent on a seasonally adjusted basis from one week earlier. Refinance Index: increased 11.3 percent from the previous week and the seasonally adjusted Purchase Index decreased 11.7 percent from one week earlier. Purchase Index: decreased 13.7 percent compared with the previous week and was 21.6 percent ...
Related contentRed Hat 3Q profit falls 32 pct on higher expenses
8 hours ago ago from Hottest News at 365Daynews.Com
Red Hat Inc. said Tuesday that its third-quarter net income fell by 32 percent as the company grappled with higher expenses that included a legal settlement. But results still exceeded Wall Street's forecasts. Shares of Red Hat rose $1.97, or 6.6 percent, to $31.84 in after-hours trading. The provider of Linux operating systems software earned $16.4 million, or 8 cents per share, compared with $24.3 million, or 12 cents, in the same ...
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Berkshire Hathaway names Comcast's Burke to board
16 hours ago ago from U.S. News
Berkshire Hathaway names Comcast's Burke to board OMAHA, Neb. (AP) -- Billionaire Warren Buffett's Berkshire Hathaway Inc. on Tuesday named Stephen Burke, the chief operating officer of Comcast Corp., to its board of directors. Buffett said in a statement that Burke, 51, is "keenly interested" in the company. Burke also is president of Comcast Cable Communications, a unit of Comcast. Berkshire did not say if Burke was replacing anyone ...
Related contentBerkshire Hathaway Cuts Stake in Moody’s
2 hours ago ago from The New York Times
Berkshire Hathaway , led by Warren E. Buffett , cut its stake in the Moody's Corporation for the sixth time since July, after the ratings company suffered profit declines, lawsuits and criticism from regulators. Berkshire sold 87,992 shares on Dec. 18 for $26.77 apiece and remains Moody's biggest shareholder, according to a regulatory filing Tuesday. Berkshire's stake is down about 34 percent from the 48 million shares it ...
Related contentCintas 2Q down 20 percent, shares fall
9 hours ago ago from U.S. News
Cintas 2Q down 20 percent, shares fall CINCINNATI (AP) -- Cintas Corp. said Tuesday that its fiscal second-quarter profit dropped 20 percent as the nation's high unemployment rate reduced demand for its uniforms and other supplies. The company also warned that analysts' outlooks for revenue and earnings in the current fiscal year "are too optimistic." Analysts, on average, have predicted that Cintas will earn $1.75 per share on revenue of ...
Related contentProgress Software posts higher 4Q profit
12 hours ago ago from U.S. News
Progress Software posts higher 4Q profit BEDFORD, Mass. (AP) -- Progress Software Corp. said Tuesday its fiscal fourth-quarter profit increased sharply as lower expenses made up for a slight decline in revenue. For the three months ended Nov. 30, the Bedford, Mass.-based business-software maker posted a profit of $16.7 million, or 40 cents per share, up from a profit of $6.5 million, or 16 cents per share, in the same period a year earlier. ...
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