Finance Info Blog

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America’s Most Congested Cities

Commuters in these 20 cities understand the meaning of ”traffic jam” all too well.
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The US president is expected to nominate Kathleen Sebelius, a staunch campaign supporter, as health secretary as he gears up for a fight over his $3,550bn budget
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These 10 men in the last four years have collectively recruited the best classes and steered their players to the most wins and championships.
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Sebelius tapped as health secretary

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Buffett Bloodied But Not Bowed

Billionaire’s Berkshire Hathaway had a bad year in 2008, and his annual letter to shareholders doesn’t predict a quick rebound. But he’s not throwing in the towel.
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The bottlenecks in these 100 cities will slow you down the most.
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A US bankruptcy judge approved with modifications a controversial $8bn loan that would enable bankrupt chemical company Lyondell Chemical to attempt to restructure in an effort to avoid liquidation
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Warren Buffett conceded that his holding company, Berkshire Hathaway, turned in its worst performance on record as the financial crisis drew the world’s economy into a deepening recession, and gave investors little reason to believe a turnaround is imminent
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Map: America’s Worst Intersections

A state-by-state look at the bottlenecks that most slow drivers.
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Trust Me

What do different states really promise their bondholders?
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Ten Reasons To Buy A Luxury Car

Buying a luxury car can be worth it if you care about the latest technology and comfort.
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Chairman Warren Buffett’s annual assessment.
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Are Stocks Finally Cheap?

By Warren Buffett’s favorite measure, stocks are cheap. But how’s that been working out for you?
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Wall Street: Teetering on 12-year lows

Fasten your seat belts. The week ahead could be critical as the stock market sits on the precipice of nearly 12-year lows.
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Buffett’s worst year

Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire’s worst result in the 44 years that Chairman Warren Buffett has run the company and, in fact, only the second decline in that period. The other drop was 6.2% [...]

Buffett’s paper losses pile up

Derivatives, the investments Warren Buffett famously scorned as “financial weapons of mass destruction,” are proliferating at Berkshire Hathaway. But so far, there are no signs Berkshire risks a blowup.
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The Buffett-doubter discount

Warren Buffett on Saturday deemed Berkshire Hathaway’s 2008 earnings and investment performances “unsatisfactory.” Judging by some unusual recent action in Berkshire shares, he isn’t alone in that assessment.
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Teetering on 12-year lows

Fasten your seat belts. The week ahead could be critical as the stock market sits on the precipice of nearly 12-year lows.
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Black Cloud Over Blackstone

Private-equity firm suspends its dividend following wider-than-expected Q4 loss.
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Manhattan DA Morgenthau to retire

After 35 years on the job, Manhattan District Attorney Robert Morgenthau said on Friday he will not seek re-election to a position in which he has focused in recent years on prosecuting serious financial crimes
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A combative President Barack Obama warned he was bracing for a fight against powerful lobbyists and special interests who sought to pick apart the $3,550bn budget he wants to advance his agenda of reform
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Buffett’s bailout headache

Warren Buffett is no critic of federal aid to the financial system. But the Berkshire Hathaway chief says the government’s decision to provide low-cost credit to troubled firms is taking a hefty toll on his Clayton Homes housing finance business.
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Buffett’s happy monoline snub

Sometimes the best deals are the ones you don’t get.
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