Oil and Gas News
Admirers took photos on their phones, fire trucks parked on freeway overpasses and police officers saluted as a motorcade carrying the body of the Rev. Billy Graham crossed the evangelist's beloved home ...
Posted on 25 February 2018 | 3:56 am
Billionaire Warren Buffett prodded ordinary investors on Saturday to stay invested in U.S. stocks, ignoring price swings, guidance from people with fancy credentials and the temptation to load up on bonds. Buffett said it is a "terrible mistake" for investors with long-term horizons - among them, pension funds, college and endowments and savings-minded individuals - to measure their investment "risk" by their portfolio's ratio of bonds to stocks. The long-time bull on U.S. companies and the economy issued his latest letter to Berkshire Hathaway Inc shareholders on Saturday.
Posted on 24 February 2018 | 8:11 pm
Warren Buffett says: Bring it on. In his annual letter to shareholders of Berkshire Hathaway Inc Posted on 24 February 2018 | 8:11 pm
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In its annual report, Berkshire said the increase, to $18.2 billion, was made in the fourth quarter, and was based on higher-than-expected loss payments reported by AIG. Berkshire also boosted a related deferred charge asset by $1.7 billion, and estimated its year-end net liability under the contract was $10.7 billion. The January 2017 contract called for Berkshire's National Indemnity Co to take on many of the long-term risks in AIG's property and casualty portfolio, sometimes known as "long-tail" exposure, in exchange for $10.2 billion upfront.
Posted on 24 February 2018 | 7:39 pm
Over the past decade, Alaska Airlines has built up a nice business flying to Hawaii from California's second-tier airports. However, Southwest Airlines' entry into the Hawaii market may force Alaska to retreat.
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The White House is considering the idea of using restraining orders to take firearms away from people considered dangerous as part of its response to last week’s massacre at a Florida high school, two ...
Posted on 24 February 2018 | 11:00 am
Recently filed federal charges against President Donald Trump's ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions of dollars against his ...
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A Southern California couple suspected of starving and shackling some of their 13 children pleaded not guilty Friday to new charges of child abuse. David and Louise Turpin previously entered not-guilty ...
Posted on 23 February 2018 | 11:50 pm
General Electric Co (GE.N) faces potential action by the U.S. Justice Department over allegations that its GE Capital unit and now defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday. GE said the department "is likely to assert" violation of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) "in connection with WMC's origination and sale of subprime mortgage loans in 2006 and 2007," the filing said. "WMC and GE Capital will explore whether an acceptable settlement of this matter can be reached.
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He also was wearing a loose-fitting jail uniform instead of street clothes as he listened to the government argue that he's on the hook for more than $7 million for his securities fraud conviction. "Under ...
Posted on 23 February 2018 | 11:13 pm
Investors looking to determine whether Nvidia is "cheap" or "expensive" might be best served by comparing the stock to itself. With that said, a quick glance at Nvidia's historical Forward P/E reveals that the stock is actually trading at its lowest valuation in nearly a year.
Posted on 23 February 2018 | 8:40 pm
I drove a $70,000 Chevy Tahoe RST on a family road trip to put it to the test —here's how it held up
The Chevy Tahoe is a large-and-in-charge American SUV that's a great way to haul around a large family.Our tester was a $70,000-plus special edition, but the base Tahoe is $47,500.Fuel economy is a negative, comfort and power are not.
Posted on 23 February 2018 | 7:57 pm
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Judgment day is fast approaching for AT&T Inc . (NYSE: T ), which is staring down a March 19 court date with the Department of Justice, which is suing to block its proposed buyout of Time Warner Inc (NYSE: ...
Posted on 23 February 2018 | 7:34 pm
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Credit scores have the power to impact your financial well-being. Credit card companies, banks and credit unions are making it easy for customers to view their credit scores on demand, and often for free. Here are 10 things you need to know about your credit score, according to experts.
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When Wall Street thinks of the companies leading the migration of computing off local servers and onto the global cloud, Oracle Corporation (NYSE:ORCL) is not very high on that list. But now that the database giant has started aggressively shifting its Fortune 500 customers to cloud relationships, it’s time prominent early players like Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) start watching their backs.Source: Shutterstock
Posted on 23 February 2018 | 5:10 pm
Citigroup Inc (C.N) said on Friday that it had failed to properly reduce interest charges on some 1.75 million credit card accounts since 2011, prompting a $335 million (239.65 million pounds) refund to customers later this year. The refund, which will average $190 per account, stems from the bank's discovery that it had not used a proper method for reducing interest charges for cardholders who resumed timely payments after having had to pay penalty rates for lapses. The errors amounted to about 10 percent of the interest reductions cardholders were due, the bank said.
Posted on 23 February 2018 | 4:59 pm
Shortly before and after Comcast Corporation (NASDAQ:CMCSA) got into the wireless phone game back in April of last year, T-Mobile Us Inc (NASDAQ:TMUS) CEO John Legere was all too happy to supply his typical taunts of existing and potential competitors. Comcast stock-owners didn’t sweat the ribbing too much, though. As it turns out, there may something there for the wireless service.
Posted on 23 February 2018 | 4:45 pm
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Shares of Walmart Inc (NYSE:WMT) are finally showing signs of a rebound after a post-earnings bloodbath. Walmart stock suffered the worst-ever point decline in history, dropping over 13 points (12.64%) from the pre-earnings close of $104.78 to the post earnings low of $91.24 two days later. It is important to note that while growth slowed, it was still solid growth. Indeed, many analysts came to the defense of Walmart stock for that very reason.
Posted on 23 February 2018 | 2:58 pm
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Doesn't it seem like only yesterday when the 991 generation Porsche 911 debuted? Well, it's been 6½ years already, as the wraps came off the 991 at the Frankfurt show in fall 2011. Possibly to address any rumors, Porsche showed the 2020 992 today in official photos, still wearing camo.
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A Billionaire Silicon Valley VC Is So Eager to Keep Surfers Off His Beach He's Taking Them to the Supreme Court
Posted on 23 February 2018 | 10:55 am