We first profiled George Risk Industries in early January and noted that the company was massively overcapitalized and represented a potential bargain for investors. George Risk designs, manufactures, and sells a variety of products with 87 percent of revenue in ...
Rupert Murdoch has an enduring devotion to newspapers and is eager to extend his key franchises from print to emerging digital formats. Mr. Murdoch has embraced Apple's iPad tablet device for delivery of News Corporation's Wall Street Journal and The ...
In a groundbreaking Wall Street Journal article to be published in tomorrow's newspaper, Berkshire Hathaway Vice Chairman Charlie Munger all but confirms that Li Lu will become one of Berkshire Hathaway's top investment managers. We have previously covered Li Lu ...
When Bill Gates promoted Steve Ballmer to the chief executive position at Microsoft over ten years ago, the company was flying high in terms of investor perceptions and had a cutting edge image placing it at the forefront of America's ...
Rapid price deflation in the market for dedicated e-readers continued today as Amazon unveiled a new generation of its Kindle e-reader device. While the new Kindle features better e-ink technology and is smaller than the version it replaces, the most ...
Warren Buffett has always been identified as a “value investor” but those who have studied his investing career know that it is not so easy to pigeonhole his true investing style. This should not come as a particular surprise since ...
Breaking into the highly competitive American automobile market is never an easy task, particularly for a brand that is entirely unknown to most consumers. Despite the challenges, Indian carmaker Mahindra & Mahindra has been planning to introduce a small diesel ...
General Motors has announced a starting price of $41,000 for the Chevrolet Volt, the company's first move into the nascent market for electric vehicles. Buyers may be eligible for a federal tax credit of up to $7,500. The Volt is ...
There is little doubt that Amtrak's Acela represents a very attractive way to travel between Washington D.C. and New York City. Leaving Washington D.C. a very short distance from the United States Capitol, one can arrive at Penn Station in ...
Despite paying the largest penalty ever assessed against a financial firm by the Securities and Exchange Commission, Goldman Sachs is still an attractive target for government panels investigating the financial crisis. Goldman agreed to pay a $550 million settlement on ...
On the lighter side, we present our readers with one of the most absurd examples of technical analysis seen in quite some time, courtesy of an article in a website called SmarTrend entitled "Watch for Shares of Berkshire Hathaway (BRK.A) ...
The six month moratorium on exploratory deepwater drilling the Gulf of Mexico is continuing to heavily impact the economy of the Gulf Coast. Despite two court rulings, the federal government is continuing to insist on a complete halt to deepwater ...
Progressive has introduced a new discount program designed to offer lower auto insurance premiums to drivers who have favorable risk profiles. The idea of offering discounts to drivers who do not use their cars for commuting or drive very rarely ...
P&C National Underwriter has published its annual report listing data for the top 100 individual insurance companies as well as the top 100 insurance groups. Due to improvements in investing results, total policyholder surplus for the companies in the survey ...
The Committee of European Banking Supervisors (CEBS) released the much anticipated results of the EU wide banking stress test exercise this afternoon. Seven banks failed the stress test and will require a combined total of €3.5 billion of new capital ...
In an interview with The Economist, French Finance Minister Christine Lagarde comments on her country's attempt to trim the budget deficit to 3 percent of GDP by 2013. Ms. Lagarde states that significant austerity measures will be imposed rather than ...
The Island Packet, a newspaper serving the Beaufort and Hilton Head region of South Carolina, has reported that NetJets will close a regional office in Okatie, South Carolina and move most of the operation's eighty jobs to the company's headquarters ...
Ensco plc recently announced second quarter 2010 earnings of $126.3 million, or $0.89 per share. As expected, the results were negatively impacted by lower utilization for the fleet as well as lower average dayrates. Contract drilling revenues were $406.3 million ...
General Motors has announced an all cash transaction to purchase AmeriCredit for $3.5 billion. AmeriCredit is an automobile financing company that was founded in 1992 and has particular expertise in non-prime lending. GM has lacked an in house financing unit ...
At a recent presentation at the Aspen Ideas Festival, one of Shell's experts on deepwater drilling suggested that flaws in the design of BP's Macondo well were likely responsible for the blowout that led to the massive oil spill in ...