30,000 The number of Florida homeowners who could end up as part of a class action suit against German drywall maker Knauf Gips KG and other manufacturers of Chinese drywall. The plaintiffs allege that the plasterboard is contaminated and is …
Amidst all the gloom and doom, the failures and frustrations, the finger pointing and scapegoating, the drumbeat of negative economic news… we turn to two men wiser than ourselves for advice that lifts us up: Warren Buffett in his annual …
Billionaire investor Wilbur Ross said he is keen to invest more in insurance, a sector he has been active in for more than a decade, but is biding his time until pricing fundamentals improve. Ross, on the sidelines of an …
The world’s second-richest man, Warren Buffett, wasn’t even the highest paid employee at Berkshire Hathaway’s 19-person headquarters again last year. Buffett, chairman and chief executive of the Omaha, Neb.-based company, received a total of $175,000 in compensation in 2008, the …
Warren Buffett’s Berkshire Hathaway was stripped of its ‘AAA’ credit rating by Fitch Ratings, barely hours after S&P cut General Electric Co’s top-tier rating, as the global financial crisis pummels America’s corporate titans. Citing concerns about Berkshire’s equity and derivatives …
Can’t Figure “I can’t figure out what amount (Blunt) is convicted of.” —District Judge Bruce Romanick in ordering Sandy Blunt, the former director of North Dakota’s Workforce Safety and Insurance agency, to perform 1,000 hours of community service and pay …
No Choice “They (Legislature) will do something because they have no choice.” —Sam Miller, executive director of the Florida Insurance Council, commenting on the need for the Florida Legislature to include property insurance on its upcoming agenda. Overexposed “We’re overexposed. …
Dear Shareholders “It will be interesting to see if Buffett himself has learned lessons he might not have learned in his long career. … Berkshire got hit in four ways. Falling stock prices, the put options, increased economic sensitivity through …
The U.S. Federal Reserve, by taking an equity stake in American International Group, is moving further into uncharted territory and may be risking potentially large investment losses and its independence. As part of the latest bailout effort of the troubled …
The U.S. Federal Reserve, by taking an equity stake in American International Group, is moving further into uncharted territory and may be risking potentially large investment losses and its independence. As part of the latest bailout effort of the troubled …
