Bruce Berkowitz (Trades, Portfolio): Fairholme’s latest internal figures have Sear (NASDAQ:SHLD) at a net asset value (NAV) of over $90 per share. This figure has been dramatically reduced over time due to the retail cash burn. We come up with the $90+ per share based upon the remaining real estate of the company – including long-term leases, which we have significantly discounted to....More>>>
Fox News Network is being sued by a dozen black employees, some current and some former, who are charging the company with allowing years of racial discrimination and creating an abusive work environment.
And a thirteenth employee has filed a discrimination charge with the Equal Employment Opportunity Commission, says the workers’ attorney Douglas Wigdor.
The latest alleged victimswere....More>>>
China’s ban on Bitcoin and other cryptocurrencies may be temporary, to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention.
China’s big government and banks cannot tolerate Bitcoin. It threatens their very existence, as it was previously written in a piece here.
That’s in the long term,....More>>>
Sometime last month, I published an article on Seeking Alpha regarding the oil production trends of the Marcellus and Haynesville regions that are covered by the EIA (Energy Information Administration) in its monthly Drilling Productivity Report. Based on my findings, I concluded that the picture should be looking slightly better for oil bulls this year compared to last year for the regions as a....More>>>
Social media outlets are currently awash with claims that 2016 was arguably a “dumpster fire year” for many folks – but it certainly was not bad financially for famed investor Warren Buffett.
Shares of Buffett’s firm Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) skyrocketed 20% in 2016, helping to boost the “Oracle of Omaha’s” personal fortune....More>>>
The word bills used to be synonymous with fixed expenses. But theres nothing fixed about many of the bills a typical household pays today.
Some bills have introductory rates that expire, shooting monthly costs skyward. Others offer secret discounts or upgrades to those in the know. Providers constantly tweak their plans and pricing, which means long-term customers can overpay by hundreds....More>>>
There’s been a lot of talk over the past few months about where Apple (NASDAQ:AAPL) may or may not expand its manufacturing footprint. President Trump would naturally like it if Apple brought some manufacturing jobs back home, despite the massive cost increases that would come along with such a move. But Apple has long faced challenges with expanding sales in India in part due to a government....More>>>
.Photographer: Akio Kon/Bloomberg
Saudi Arabia wants Chinese wealth funds and state oil companies to take a stake in the Aramco IPO, with King Salman traveling to Beijing to make the pitch.
That’s according to a recent Bloomberg report, though Chinese and Saudi official media have been silent on the issue. Instead, they have been stressing “enhanced....More>>>
Kraft Heinz has put its plans to buy British and Dutch food and personal care products conglomerate Unilever back on the shelf after Unilever turned down its $140 billion bid.
But the ketchup and macaroni and cheese king could still be interested in shopping for another big maker of supermarket staples.
Kraft Heinz (KHC) is backed by Warren Buffett. His Berkshire Hathaway (BRKB)....More>>>
Although several obesity drugs are now on the market, they haven’t caught on nearly as much as biopharmaceutical companies had hoped they would. Investors looking to buy obesity-drug stocks are better off finding companies that also have other products either on the market or in development.
Eisai (NASDAQOTH:ESALY), Novo Nordisk (NYSE:NVO), and Roche Holding Ltd. (NASDAQOTH:RHHBY)....More>>>