Archive for November 3rd, 2009
Stocks churn in choppy session
Stocks struggled Tuesday, ending mixed, as investors mulled improved auto sales, surging commodity prices and Warren Buffett’s buyout of railroad Burlington Northern Santa Fe.
CIT’s long goodbye
When CIT Group filed for bankruptcy Sunday, it wasn’t much of a surprise. The once-dominant small business lender has been largely sidelined for more than a year.
Auto sales bounce back
Major automakers reported Tuesday that their October sales rebounded following a weak September, as an increase in the number of cars available at dealers helped to get sales moving once again.
Is Warren Buffett calling a bottom?
Warren Buffett said he’s making an “all-in wager on the economic future of the United States” with the purchase of railroad Burlington Northern Santa Fe. Let’s hope it’s a bet that Buffett wins.
Investing by burgers and beer
You decide you’re going to have some friends over to watch a little NASCAR. You hit the supermarket and buy some burgers, hot dogs and a 12-pack. You get home, fire up the grill, turn on the tube and let your dog out.
Oil recovers to post gains
Oil erased earlier losses and gained on Tuesday as investors responded to Warren Buffett’s $44 billion investment in U.S. railway operator Burlington Northern Santa Fe.
Gold surges to an all-time high
Gold prices surged to a record high Tuesday after the International Monetary Fund said it had sold 200 metric tons of the precious metal to India’s central bank.
Treasurys mixed ahead of Fed statement
Bond prices were mixed on Tuesday afternoon as investors await a statement from the Federal Reserve on monetary policy due Wednesday and monthly jobs data due Friday.
Credit card issuers fight for more profit
Looks can be deceiving, especially in the credit card business.
Madoff accountant pleads guilty
The longtime accountant of convicted swindler Bernard Madoff pleaded guilty Tuesday to multiple fraud charges in connection to Madoff’s notorious, decades-long Ponzi scheme.
