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Ahead of Anemic Jobs Report, Buffett Bullish On Employment (BRK.A, COST, GE, KO, PG, UPS, WMT, MSFT, AN, BP, CAT, FDX, BRK.B)

Posted by Todd Shriber at 12:52PM on July 8th

Prior to a June jobs report that showed unemployment rose to 9.2% and that employers added just 18,000 jobs, Warren Buffett, CEO of Berkshire Hathaway (BRK.A, BRK.B), said in an interview with Bloomberg Television that U.S. employment will “bounce back big time…

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Week’s Top Sectors Post Double-Digit Rallies (MBI, RDN, PMI, MTG, FAF, LAD, GPI, ABG, AN)

Posted by Jason Smith at 1:09PM on July 23rd

The benchmarks are set to end the week ahead as the bulls prevail amid choppy trading. Despite the volatility, a number of equity sectors were able to break out over the last five sessions, some posting average gains of 10%…

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Choppy Recovery is Creating Potential Buying Opportunities (AES, BG, AN, F, BHP, RTP, YONG)

Posted by Geoff Seiler at 12:46PM on July 2nd

Stocks were under pressure once again. The jobs report missed economist expectations, but still showed gains in the private sector and was much better than the ADP report indicated earlier this week. We continue to believe that the recent decline…

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CarMax Beat Powers Auto Dealers (KMX, XTO, XOM, AN, CPRT, ABG, SAH, PAG, BRK.A, BRK.B)

Posted by Owen Vater at 3:51PM on June 23rd

Used car dealer operator CarMax (KMX) topped analyst estimates with 44 cents in fiscal first-quarter EPS on $2.26 billion in revenue this morning. The stock is soaring by 9% today on the impressive report and Wednesday evening’s announcement that CarMax will…

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Senate Vote Exempts Auto Dealers From Extra Regulation (LAD, ABG, CPRT, CRMT, AN, SAH, GPI)

Posted by Anita Godse at 10:29AM on May 26th

A Senate vote on Monday, which passed 60 to 30, proposes that auto dealers would not fall under the jurisdiction of the new regulatory body for consumer financial protection. More specifically, the loans that auto dealers offer would be exempt…

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Slow Week Ahead But Earnings Around the Corner (AN, ROG, MEE, T, HTZ)

Posted by Jim Ambrosio at 5:31PM on April 6th

Stocks wandered aimlessly for most of the day before finishing mixed on a sluggish news day on Wall Street. Overall, this will be a slow week, with the most important events being retailers releasing same-store sales numbers on Thursday and…

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Gates Foundation Trims Berkshire Stake; Adds to Other Holdings

Posted by Max Magee at 8:55AM on February 18th

The endowment of the Bill and Melinda Gates Foundation, closely watched because of its value focus and close association with both Gates and Warren Buffett, was incrementally adding to positions in its portfolio during the final quarter of 2009.

Bill Gates…

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Cash for Clunkers Helped Used Car Dealers?

Posted by Owen Vater at 10:43AM on September 22nd

The government’s ‘cash for clunkers’ auto subsidy program helped hoards of Americans get into new cars, but apparently many Americans are still buying used.

During the cash for clunkers program, anybody with an inefficient old beater could trade it for $4500…

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Will Clunkers Program Kill Good Business?

Posted by Owen Vater at 11:39AM on September 1st

The ‘Cash for Clunkers’ program was successful in spurring demand for new cars, but if America’s Car-Mart’s (CRMT) fiscal first-quarter earnings are any indication, used cars are selling just fine on their own.

Before the bell this morning, used-car dealer America’s Car-Mart…

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Bill Gates Stashes Wealth in Eclectic and International Names

Posted by Max Magee at 9:11AM on May 21st

Cascade Investments, the investment vehicle for Bill Gates’ personal wealth, increased stakes in a handful of stocks during Q1.

Bill Gates has devoted most of his vast wealth and — following his retirement from Microsoft (Nasdaq: MSFT) — energy to his Bill…

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