Filings with the Securities and Exchange Commission revealed recent investment decisions made by Berkshire Hathaway, the investment group led by Warren Buffett. In addition to buying and selling stocks in its $85 billion U.S. stock portfolio, the company owns 80 other companies, some of which account for more than half its income.
Dow is virtually unchanged, while S&P and Nasdaq fall. Silver falls more than 7 percent.
Home sales plunged in July and housing prices may dip again. But in six metropolitan areas, the housing picture is far brighter: Home values are rising and median prices are already well ahead of their peak during the housing bubble. What allowed these metro areas to beat the downturn in home sales prices? Two are state capitols. Five have lower-than-average unemployment. All of them had undervalued real estate, even at the height of the housing boom, says Lawrence Yun, chief economist for the National Association of Realtors (NAR). When mortgage rates fell, "they had room to grow" and home sales rose. Is your city on the list? Click on the right arrow to see each metro area:
The Antitrust Division’s sentencing statistics over the last two decades show a steady trend toward higher corporate fines for cartel offenses and longer jail sentences for individuals, passing the cost for trials and incarceration onto tax payers.