Recent Articles
Carl Icahn Stake in Motorola (MOT) Now at Over 10%
When big-time investor Carl Icahn makes a big move, everybody notices. Since the beginning of the year, Icahn has increased his stake in Motorola Inc. (NYSE: MOT) by nearly 50 million shares, some 22.7 million of which he acquired within the last couple of months.
Boeing Dreamliner Faces Yet Another Delay, This Time on Engine
Boeing Co. (NYSE: BA) and its 787 Dreamliner are more than three years behind schedule and has cost the company billions in penalties paid to customers due to the delays. The company's latest plan had called for the first Dreamliner to be delivered early in the first quarter of 2011. Now Boeing says the delivery will not happen until the middle of the first quarter.
Microsoft’s Gates, Wind Icon Pickens Speak Out on Energy
Bill Gates, co-founder of Microsoft Corp. (NASDAQ: MSFT), thinks the US should develop a more rational energy policy, invest more in energy research and development, and get lucky. The phrase Gates uses does not refer to luck, though. He prefers "energy miracles," by which he means a technological breakthrough that would reduce the amount of carbon emitted.
Gasoline Prices Falling on Less Driving, More Ethanol
The US pump price for a gallon of gasoline has hit an eight-month low of just below $2.71/gallon. This is good news for consumers, of course, but it underscores the continuing weakness in the US economy.
China Automaker and Buffett Stock BYD Faces Rough Road
In February, Warren Buffett's Berkshire Hathaway, Inc. (NYSE: BRK-B) reported ownership of 225 million shares of Chinese battery and auto maker BYD Company Ltd. (OTC: BYDDF). Berkshire Hathaway paid $232 million for a 10% stake in the company in 2008. That stake was worth $1.986 billion in February, for a tidy gain of more than 800%.
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