Archive for February, 2009
Sebelius tapped as health secretary
Read full story for latest details.
Buffett’s worst year
Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire’s worst result in the 44 years that Chairman Warren Buffett has run the company and, in fact, only the second decline in that period. The other drop was 6.2% in 2001, a year hurt by 9/11 and other problems in Berkshire’s insurance operations.
Buffett’s happy monoline snub
Sometimes the best deals are the ones you don’t get.
Buffett’s bailout headache
Warren Buffett is no critic of federal aid to the financial system. But the Berkshire Hathaway chief says the government’s decision to provide low-cost credit to troubled firms is taking a hefty toll on his Clayton Homes housing finance business.
Buffett’s paper losses pile up
Derivatives, the investments Warren Buffett famously scorned as “financial weapons of mass destruction,” are proliferating at Berkshire Hathaway. But so far, there are no signs Berkshire risks a blowup.
The Buffett-doubter discount
Warren Buffett on Saturday deemed Berkshire Hathaway’s 2008 earnings and investment performances “unsatisfactory.” Judging by some unusual recent action in Berkshire shares, he isn’t alone in that assessment.
Buffett’s bailout headache
Warren Buffett is no critic of federal aid to the financial system. But the Berkshire Hathaway chief says the government’s decision to provide low-cost credit to troubled firms is taking a hefty toll on his Clayton Homes housing finance business.
The Buffett-doubter discount
Warren Buffett on Saturday deemed Berkshire Hathaway’s 2008 earnings and investment performances “unsatisfactory.” Judging by some unusual recent action in Berkshire shares, he isn’t alone in that assessment.
Buffett’s worst year
Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire’s worst result in the 44 years that Chairman Warren Buffett has run the company and, in fact, only the second decline in that period. The other drop was 6.2% in 2001, a year hurt by 9/11 and other problems in Berkshire’s insurance operations.
Wall Street: Teetering on 12-year lows
Fasten your seat belts. The week ahead could be critical as the stock market sits on the precipice of nearly 12-year lows.
