When Warren Buffett speaks, people listen. Now everyone is trying to figure out what Buffett and his company, Berkshire Hathaway is exactly saying after their moves during the second quarter of 2009. A period in which Buffett and Berkshire sold more stocks and invested more in bonds than in a five year period. The question people are asking is what does it mean when Buffett sells stocks and buys bonds?
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Yesterday was a great day in U.S. and global stock markets. Dow Jones Industrial Average rallied almost 900 points. Today global markets are in a rally mode as well, but U.S. is weak as futures are falling. Investors are hoping and looking to Federal Reserve's rate cut decision this afternoon.
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HP will conduct a live audio webcast of its conference call covering earnings for the third fiscal quarter ended July 31, 2007.
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Dow Jones reports that owner Bankcroft family has agreed to meet with News Corporation discuss the proposal that Rupert Murdoch of News Corp had recently offered to buy Dow Jones Company.
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Further to the announcements of 4, 7 and 8 May 2007, the boards of Thomson and Reuters announce that they have today agreed to combine the two groups. The boards of Thomson and Reuters intend to recommend the Transaction to their shareholders.
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News Corporation today confirmed that it has made a friendly offer to Dow Jones & Company to acquire all of the outstanding shares of the company for $60 per share in cash, or in a combination of cash and News Corporation stock.
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FOX News has become the premiere video provider of business news on Yahoo Finance, with the launch of a co-branded video initiative, FOX Business Now. The initiative, which debuts today on Yahoo! Finance, brings FOX News business programming to the Internet's number one financial destination, and includes nine original two-minute market reports each weekday between 9am and 5pm.
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Lone Star Funds responded to the Korean Supreme Prosecutors' Office's announcement in Seoul earlier today of its interim conclusion regarding the long-running investigation of Lone Star's investment in Korea Exchange Bank, "After nine months of intensive investigation, there is nothing new in the SPO's latest public announcement. It is the same old broad conspiracy theory that never made any sense and still is not supported by any hard evidence."Â
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An ugly duckling in its infancy, the dram appears to be a daring teenager 13 years after its birthday.
When the Armenian currency was first introduced on November 22, 1993, Armenia was one of the last former Soviet republics to leave the ruble zone (only ahead of Tajikistan) and according to specialists leading the finance sphere back then it was a forced step and should have been taken at least eleven months earlier.
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