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May 6, 2012

Warren Buffett turned his back on extremely expensive mega-deal

  • $22 billion deal killed at the last minute by Warren Buffett source

» “I just couldn’t make the deal … We couldn’t come to an agreement.”: Buffett, known as a shrewd investor even when the stakes are insanely high, spoke about his almost-deal Saturday on Bloomberg TV. He wouldn’t say who it was, but considering the value, it must’ve been a massive company with a sizable legacy. Why’d he pass on the deal? Simple. Too expensive. The deal would’ve forced him to sell securities he wanted to keep. Buffett, who recently announced he was suffering from cancer, is still looking for the right deals to help add value to his $37.8 billion in cash. ”If we can make a good deal tomorrow, whether it’s big or small, we’ll make it,” he said.

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21:00 // 2 years ago
April 27, 2012
To be clear: If you don’t wring every last dollar from a company, people criticize you. (via BO.LT)

To be clear: If you don’t wring every last dollar from a company, people criticize you. (via BO.LT)

14:41 // 2 years ago
September 15, 2011
I think a good example is the space industry and there’s a lot more that we could look at (reporter asks: Like what besides space?) I’ll leave it at space now (reporter asks: Really? That’s the only place you can see?) I’m just leaving it as space for right now…I don’t want to give a flip off-the-cuff answer.
GOP presidential candidate Michele Bachmann when asked by KGO’s Mark Matthews what she would invest in if she became President of the United States. Bachmann attended a private Tea Party breakfast at a residence in San Rafael, California on Thursday. [KGO] (via producermatthew)
20:07 // 2 years ago
September 14, 2011

After dodging a Supreme Court bullet, Walmart focuses on women

  • june In what would’ve been the largest class-action suit ever, over a million female employees tried to sue Walmart for discrimination. The Supreme Court, however, said it stretched the definition of a class-action suit way too far, blocking the suit from moving forward.
  • september Looking to improve its image after avoiding what could’ve been a hugely damaging lawsuit, the company says it plans to double its investment in businesses run by women, and show in other ways that they’ve changed their ways. Have they? source

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0:58 // 2 years ago
August 25, 2011

Warren Buffett invests a ton of cash in struggling Bank of America

  • $5 billion investment from Warren Buffett to Bank of America source

» Giving it to the needy: Our boy Warren Buffett, who recently took the U.S. government to task for not raising taxes on the rich, is giving a big cash infusion to a company that’s struggling build confidence in investors. It’s taken a hit on the stock market — its shares are down nearly 30 percent since the beginning of August and it just announced some huge job cuts — and it owns a couple of properties, Countrywide and Merrill Lynch, noted for their spectacular combustions during the financial crisis. Buffett’s deal is pretty sweet — a 6 percent annual dividend and a 5 percent premium if he buys back the stock — but he nonetheless sounds like he’s doing it out of respect for the company. “I am impressed with the profit-generating abilities of this franchise, and that they are acting aggressively to put their challenges behind them,” Buffett said in a statement. “Bank of America is focused on their customers and on serving them well. That’s what customers want, and that’s the company’s strategy.”

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10:31 // 3 years ago
August 2, 2011

Shocker: Tooth Fairy investing less in kids’ teeth due to the recession

  • $2.60 average amount the tooth fairy gives a kid for a lost tooth
  • 40¢ dip from the last survey; that’s $3, for the math-challenged source

» We’ve been really worried about the whole debt-ceiling mess for the past few days, but it really says something about the economy when the tooth fairy isn’t even giving as much for kids’ pearly whites. Perhaps, like Glenn Beck, she’s chosen to invest in gold instead of teeth. We hear gold’s doing pretty well nowadays.

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18:33 // 3 years ago
March 7, 2011
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February 9, 2011
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January 21, 2011
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January 8, 2011
13:02 // 3 years ago