Articles From: 2nd UPDATE: Berkshire Buys Rest of Iscar for $2.05 Billion to 2nd UPDATE: Hess Agrees to $2.05 Billion Sale of Russian Unit Samara-Nafta


2013/5/1
-- Berkshire Hathaway pays $2.05 billion to buy remaining stake in Iscar --Berkshire paid $4 billion for first 80% in 2006 --Iscar "has enjoyed very significant growth over the last seven years," Buffett says (Adds background on 2006 transaction in the penultimate paragraph.) By Erik Holm and Mia Lamar Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) acquired for $2.05 billion the remaining piece of an Israeli metalworking company that it had bought a majority stake in seven years ago.
Sign-up for 2nd UPDATE: Berkshire Buys Rest of Iscar for $2.05 Billion investment picks
2013/4/25
--Bristol-Myers still feeling fallout from lost patent protection on Plavix --"Unremarkable quarter" for Bristol-Myers, analyst says --Investors focused on pipeline, including key cancer treatment (Updates stock price in second paragraph; adds details about FDA designation for cancer drug nivolumab, other details beginning in 11th graph.) By Peter Loftus Bristol-Myers Squibb Co.
Sign-up for 2nd UPDATE: Bristol-Myers Profit Drops 45% on Lower Heart Drug Sales investment picks
2013/5/6
--Buffett says stocks are "reasonably priced" and bonds are a "terrible investment" --Buffett reiterates support for Jamie Dimon and J.P. Morgan's board --Buffett says performance of Berkshire's housing and plane-lease units are improving (Adds Buffett comment in the third paragraph) By Erik Holm Warren Buffett, the billionaire investor who runs Berkshire Hathaway Inc. (BRKA, BRKB), said Monday on CNBC that stocks are "reasonably priced," while bonds are a "terrible investment" now.
Sign-up for 2nd UPDATE: Buffett on CNBC: Stocks Are 'Reasonably Priced,' but Not 'Cheap' investment picks
2013/4/17
--Carnival to improve fire, hospitality and power systems across fleet --Follows glut of ship snafus, included powerless Carnival Triumph ship in Gulf of Mexico --Benefit lies in repairing public perception (Updates throughout) By Joan E.
Sign-up for 2nd UPDATE: Carnival to Invest Up to $700 Million on Emergency Systems investment picks
2013/4/15
--Schwab first-quarter profit climbs, helped by increase in net new assets --Company posts best quarter of net new asset growth in first quarter since 2000 --Money market fund fee waivers fell 4.9% from a year ago, though rose 9.2% over the fourth quarter (Adds details on expenses, headcount, net interest margin, and comments from analyst throughout) By Brett Philbin Charles Schwab Corp.'s (SCHW) first-quarter profit rose 5.6% as a stock market rally boosted the discount brokerage's net new assets by 12%, though its clients' trading activity fell compared with the year-earlier period.
Sign-up for 2nd UPDATE: Charles Schwab 1st-Quarter Net Up 5.6%; Net New Assets Rise investment picks
2013/5/1
Chesapeake Energy Corp.
Sign-up for 2nd UPDATE: Chesapeake Energy Swings To 1st-Quarter Profit investment picks
2013/4/26
--Oil production down as field output declines --Natural gas prices rise --Refining outages hurt bottom line By Ben Lefebvre Chevron Corp.'s (CVX) first-quarter earnings dropped 4.5% as the energy producer suffered from a moderation in global oil prices.
Sign-up for 2nd UPDATE: Chevron Net Falls 4.5% as Margins, Revenue Decline investment picks
2013/4/26
-Trading opened normally Friday after Thursday's protracted outage -Exchange suffers brief halt Friday for certain options due to "system issue" -CEO says exchange will learn from Thursday's errors (Updates with comments from CEO on CNBC, trader comment, additional background.) By Jacob Bunge Trading on the Chicago Board Options Exchange resumed normally Friday in the wake of a software glitch that delayed business for more than three hours Thursday and left U.S. markets without crucial hedging tools.
Sign-up for 2nd UPDATE: Chicago Board Options Exchange Opens Without Issue investment picks
2013/4/16
-- Glencore secures final regulatory approval from China but with conditions --
Sign-up for 2nd UPDATE: China Approves Glencore-Xstata Merger With Conditions investment picks
2013/4/24
--CEO Corbat: Won't be satisfied until credibility is rebuilt --Corbat: This year, share buybacks are "the right way" --Says the era of shrinking Citi is over (Adds vote results in third paragraph and other details throughout) By Matthias Rieker Citigroup Inc.'s (C) top executives said the bank is going to continue to favor share repurchases over dividends and that the post-crisis period of substantial bank restructuring is over.
Sign-up for 2nd UPDATE: Citi CEO Says Era of Bank's Major Restructuring Is Over investment picks
2013/5/2
-CME profit falls to $235.8 million , or 71 cents a share -Trading activity rises 1% over first quarter of 2012, though average fee slips 3% -Lighter trade in agricultural, energy contracts, which carry higher fees (Updates with executive comments on tax threats.) By Jacob Bunge CME Group Inc. (CME) on Thursday downplayed the prospect of higher taxes on some U.S. derivatives trading and said the futures exchange operator was lobbying against such moves in Washington .
Sign-up for 2nd UPDATE: CME Group Vows to Oppose Trading Taxes investment picks
2013/4/16
--Coca-Cola taking first steps to pass U.S. bottling operations back to independent bottlers --Drinks company discloses agreement in principle with five bottlers to take on new territory --Coca-Cola also says first-quarter earnings beat expectations as global sales volume rose 4% (Adds comment from Coke executives, starting in 5th paragraph, and updates shares.) By Paul Ziobro Coca-Cola Co.
Sign-up for 2nd UPDATE: Coke to Refranchise US Bottling System; 1st-Quarter Net Off 15% investment picks
2013/4/3
--ConAgra sales volume excluding acquisition remains down despite big marketing boost --Company expects sales volume to improve significantly in fiscal fourth quarter --Fiscal third-quarter net drops due to acquisition costs related to Ralcorp --Company backs fiscal 2013 outlook (Adds details and comments from earnings call starting in first paragraph.) By Paul Ziobro ConAgra Foods Inc. (CAG) expects a significant improvement in the amount of food its sells in its current quarter and beyond as the company cycles last year's price increases and a big bump up in marketing spending on brands like Marie Callender's frozen meals and Pam cooking spray pays off.
Sign-up for 2nd UPDATE: ConAgra Expects Sales Volumes to Improve Significantly investment picks
2013/4/10
(Updates with details, analyst quote) -- ConocoPhillips says it will revisit Alaskan drilling after regulations clarified --
Sign-up for 2nd UPDATE: ConocoPhillips Suspending 2014 Alaska Drilling Plans, Blames Regulatory Uncertainty investment picks
2013/4/24
--Management considers stock undervalued --Glass price declines still slowing --Telecom unit sales drop (Adds analyst comment, fresh stock quote, more detailed guidance starting in third paragraph.) By Drew FitzGerald Corning Inc.'s (GLW) first-quarter earnings rose 4.2% as the materials maker benefited from lower tax costs and stabilizing prices for its television glass, offsetting weaker sales from its telecom business.
Sign-up for 2nd UPDATE: Corning Reports Higher Net, Unveils $2 Billion Buyback investment picks
2013/4/26
--Sales grow 5.3% to $3.1 billion , but come in below analysts' expectations --
Sign-up for 2ND UPDATE: Covidien Shares Fall After Light Revenue Miss in 2nd Quarter investment picks
2013/5/1
--Strong flu season, rising demand for generic drugs lift bottom line --Bottom-line results now topped expectations for five consecutive quarters --Outperformance attributed to strong prescription volumes (Updates with details from the company's conference call and the latest stock quote.) By John Kell CVS Caremark Corp.'s (CVS) first-quarter earnings rose 23% as higher demand for new generic drugs lifted profits, while a strong flu season and sales tied to the Easter holiday also helped the bottom line.
Sign-up for 2nd UPDATE: CVS Caremark 1st-Quarter Net Up 23% Amid Stronger Margins investment picks
2013/4/16
--Billionaire investor agrees to restrictions on his stake in company --Icahn says he retains "absolute right to conduct a proxy fight" --Icahn refuses expense-reimbursement offer (Adds statement from Carl Icahn in third paragraph.) By Drew FitzGerald and Saabira Chaudhuri Activist investor Carl Icahn agreed to limit his potential stake in Dell Inc. (DELL)--while refusing to rule out the possibility of staging a proxy fight--in exchange for more leeway to team up with other bidders.
Sign-up for 2nd UPDATE: Dell Strikes Deal With Icahn to Cap Potential Stake investment picks
2013/4/23
--Discover posts a profit of $673 million , or $1.33 per share --Credit-card loans increased 5.2% from a year earlier --New Discover it card resulting in higher retail sales (Updated with CEO comments beginning in paragraph four and new details throughout.) By Andrew R.
Sign-up for 2nd UPDATE: Discover 1st-Quarter Net Up 3.5%, Beats Street Views investment picks
2013/4/25
(Adds statement from AMC) By Ben Fritz Walt Disney Co.
Sign-up for 2nd UPDATE: Disney Resolves Dispute With AMC, Now in Talks With Regal investment picks
2013/4/24
--Revenue growth slowest since 2009 --CEO says results show hesitant customers --Sales of EMC's mid-tier products slip (Adds executive comment, additional details.) By Drew FitzGerald EMC Corp.'s (EMC) first-quarter profit shrank 1.1%, as the data-storage provider's higher compensation and restructuring costs outpaced its slowest revenue growth since late 2009.
Sign-up for 2nd UPDATE: EMC Reports Disappointing Results But Backs Year View investment picks
2013/4/10
BRUSSELS --
Sign-up for 2nd UPDATE: EU Plan Targets China Subsidies investment picks
2013/4/2
-- Exxon plans floating LNG vessel for Australian waters -- Vessel is larger than Shell's proposed Prelude project --
Sign-up for 2nd UPDATE: Exxon Plans World's Biggest Floating Gas-Export Plant investment picks
2013/4/19
--Shipments in power and water unit expected to improve in second half --GE warns industrial profit growth could come in lower than expected --Says margin target still on track and ahead of public target (Adds CEO conference call comments, additional details and stock activity, throughout.) By Bob Sechler General Electric Co.'s (GE) first-quarter earnings climbed 16% and topped Wall Street expectations by a small amount, even as the conglomerate noted that economic weakness in Europe was worse than anticipated and hurt results.
Sign-up for 2nd UPDATE: GE 1st-Quarter Net Up 16% on NBCUniversal Gain; Revenue Flat investment picks
2013/4/16
-- Goldman Sachs reports 7.2% increase in first-quarter profit --Per-share earnings of $4.29 beat Wall Street's consensus estimate --CEO Blankfein: 'Potential for macroeconomic instability...constrained overall corporate and investor activity.' (Adds details and background throughout.) By Saabira Chaudhuri, Liz Moyer and Justin Baer Goldman Sachs Group Inc.'s (GS) first-quarter profit rose 7.2%, beating Wall Street's expectations, as revenue gains from the underwriting businesses overcame a drop in trading revenue.
Sign-up for 2nd UPDATE: Goldman Profit Up 7.2% on Higher Investment-Banking Revenue investment picks
2013/4/22
-- Halliburton raises reserves by $637 million for Deepwater Horizon disaster --Progress toward litigation settlement is a big plus for shares, analysts say --Growth elsewhere helps to offset weakness in North America By Alison Sider and Tom Fowler Halliburton Co.
Sign-up for 2nd UPDATE: Halliburton Boosts Deepwater Horizon Claim Reserves investment picks
2013/4/11
-- Hartford takes $600 million first-quarter charge as it hedges Japan risk --Insurer declares Talcott run-off unit "self-sufficient" --
Sign-up for 2nd UPDATE: Hartford Declares Run-Off Unit `Self-Sufficient' investment picks
2013/4/2
--Health insurance stocks surge after lobbying win on Medicare Advantage rates --Industry managed to mitigate substantial cuts for 2014 --Change in math regarding doctor payments was big, surprise swing factor (Adds comment from former CMS chief actuary, background, updated share prices.) By Jon Kamp U.S. Health insurers received the Medicare Advantage rate changes they were seeking, thanks in part to a strong lobbying campaign by the industry and an assist from the nation's top health-care official.
Sign-up for 2nd UPDATE: Health Insurer Stocks Jump After Win on Medicare Rates investment picks
2013/4/24
--Hess posts first-quarter profit of $1.28 billion , or $3.72 a share, including impact of asset sales --Reported 55% increase in Bakken production --CEO says company doesn't currently plan to sell more assets (Updates with analysts' comments beginning in the 10th paragraph) By Alison Sider and Melodie Warner Hess Corp.'s (HES) first-quarter earnings more than doubled on gains from asset sales and got a boost from higher oil and natural gas prices as the company prepares to go head to head with a dissident investor at the shareholder meeting next month.
Sign-up for 2nd UPDATE: Hess 1st-Quarter Profit Doubles on Asset-Sales Gains investment picks
2013/4/1
--Hess selling its 90% stake to Lukoil for $1.8 billion --Hess trying to shore up balance sheet and fend off activist shareholders --
Sign-up for 2nd UPDATE: Hess Agrees to $2.05 Billion Sale of Russian Unit Samara-Nafta investment picks
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Articles From: 2nd UPDATE: Berkshire Buys Rest of Iscar for $2.05 Billion to 2nd UPDATE: Hess Agrees to $2.05 Billion Sale of Russian Unit Samara-Nafta
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