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Market Updates: Apple (AAPL), Monsanto (MON), Berkshire Hathaway (BRK.A, BRK.B)
Fed Holds Funds Rate; Buffett: U.S. May Need More Stimulus; Jobs’ Liver Transplant Confirmed; Fewer Americans Traveling on 4th Despite Lower Gas Prices; Monsanto Profits Drop 14%; SEC Proposes New Rules for Money Market Funds; Recession Yields Fewer Millionaires
- The U.S. Federal Reserve has opted to hold the federal funds rate at 0% to .25% and “continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period,” the central bank said in a statement yesterday (Wednesday). Information the
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25Jun2009 | Money Morning | 0 comments | ContinuedMarket News: Sprint Nextel (S), Berkshire Hathaway (BRK.A, BRK.B), Liberty Media (LCAPA)
Housing and Construction Stats Improve; Mobius: Emerging Markets Close to Bull Market; Sprint Beats Expectations; Bovespa Hits Seven-Month High; Buffett Says Wall Street Sold “Sewage”; Liberty Spins Off DirecTV; Airlines Low on Cash; Mexico Lifts Work Ban on Flu Scare
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world.
- The index that measures pending sales of previously owned homes rose 3.2% in March on the renewed confidence of first-time buyers. Meanwhile, the U.S.
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5May2009 | Money Morning | 0 comments | ContinuedMoody’s Cuts Berkshire Hathaway’s Aaa Credit Rating
Moody’s Investors Service (MCO), today (Thursday) cut Berkshire Hathaway Inc.’s (BRK.A, BRK.B) top-level Aaa credit rating by two notches, despite Berkshire chief Warren Buffett’s status as the ratings agency’s biggest shareholder.
Moody’s was the last major ratings agency to downgrade the Berkshire, after Fitch Ratings Inc. stripped the company of its top rating almost four weeks ago, saying it believed “AAA ratings are not appropriate at the holding company level for financial-oriented enterprises.”
Standard & Poor’s Inc. followed two weeks later with an announcement it had placed…
10Apr2009 | Money Morning | 0 comments | ContinuedBuffett Reignites Berkshire Hathaway with a $4 Billion Spending Spree
Not even Warren Buffett was immune to the stock market’s rampant first-half gyrations, as Berkshire Hathaway Inc. (BRK.A, BRK.B) notched its worst first half in 18 years, with the shares skidding more than 16%. But only a fool would count out the great Oracle of Omaha, who has spent the past several months restructuring his company’s portfolio and is now ready to come out swinging for the year’s second half.
As Money Morning’s Horacio Marquez noted in his most recent “Buy, Sell, or Hold†feature, Berkshire Hathaway has had a tough start for the year.
The company’s net earnings…
27Aug2008 | Money Morning | Comments Off | Continued
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