Is Warren E. Buffett mulling a move to sell down some of his holdings in BYD Company? Mr. Buffett could deliver some tough talk when the billionaire visits the Chinese automaker next week, including potential plans to sell down his stake in the former high flyer that has hit a speed bump, Reuters suggests. BYD [...]
The federal government sued tough-talking Sheriff Joe Arpaio Thursday, arguing that the Phoenix lawman has refused for more than a year to hand over records pertinent to an investigation of charges that his Maricopa County office discriminates against Hispanics. The Justice Department says Arpaio’s actions are unprecedented and have held up its probe of allegations [...]
What recovery? Unemployment remains high and manufacturing is moving slowly, two signs that the U.S. economy will see more dark days ahead, according to the nonpartisan Congressional Budget Office. CBO Director Douglas Elmendorf said the economy faces a tough recovery from the recession, although the office did predict three percent economic growth this year, Reuters [...]
It has been a disappointing first day for NXP Semiconductors as a public company. The chip maker, owned by Kohlberg Kravis Roberts, Bain Capital and three other private equity firms, priced Thursday night at $14 a share. That is not only below the $18 to $21 a share the company’s underwriters had sought, but below [...]
Sarah Palin can’t expect anyone to take her seriously as a presidential candidate — not after what she said this week. In recent days, the former Alaska governor and Tea Party fave has been on a tear against Journolist, a list-serv for nearly 500 journalists, policy wonks and academics, most of whom are self-identified liberals [...]
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