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Jack Dorsey of Twitter Buys Some Symbolic Twitter Shares As The CEO Search Continues

August 10, 2015 – 9:29 pm | Comments Off on Jack Dorsey of Twitter Buys Some Symbolic Twitter Shares As The CEO Search Continues
Jack Dorsey

Jack Dorsey, co-founder and interim chief executive of always-in-turmoil Twitter, bought a trifling 31,000 shares of Twitter stock on Monday, pushing the Twitter stock price up by around 9% by spending roughly $875,000. The Twitter stock has been on something of a downwards spiral over the past few days and it has lost more than 15% over the last month (including today’s 9% gain).
Without today’s Read more […]

Warren Buffett’s Berkshire Hathaway Makes Biggest Ever Acquisition For $37.2 Billion

August 10, 2015 – 5:01 pm | Comments Off on Warren Buffett’s Berkshire Hathaway Makes Biggest Ever Acquisition For $37.2 Billion
U.S. President Obama awards the Medal of Freedom to recipient Buffett during ceremony at White House in Washington

The Berkshire Hathaway conglomerate-cum-empire of Warren Buffett grew more diverse today as it announced it had acquired a metal parts manufacturer called Precision Castparts for $37.2 billion, including debt.

Berkshire now has holdings in companies as diverse as insurance, railroads, chocolates and the latest company that makes airplane parts. Berkshire’s market capitalization stands at a gargantuan Read more […]

Google Takes An AI Turn, Creates A Parent For Itself Named Alphabet

August 10, 2015 – 4:14 pm | Comments Off on Google Takes An AI Turn, Creates A Parent For Itself Named Alphabet
Larry Page Alphabet CEO

In a move that has surprised one and all, Google is restructuring how it runs itself. Google has created a new company called Alphabet that “is mostly a collection of companies,” writes Larry Page, the new CEO of Alphabet.

This already sounds like Warren Buffett’s Berkshire Hathaway and the way companies operate as independent entities under the Berkshire umbrella. Sergey Brin, Google’s co-founder, Read more […]

The Ford Mustang GT Convertible Has The Right Stuff, But Lacks Refinement

August 7, 2015 – 6:31 pm | Comments Off on The Ford Mustang GT Convertible Has The Right Stuff, But Lacks Refinement
2015-Ford-Mustang-Convertible

If a car can be proud of its heritage and try to sell on pedigree, the Ford Mustang is certainly one such car. In its 50th year, the Ford Mustang GT Convertible with a 5.0 liter V8 engine continues a proud legacy.

It’s fast and powerful and ticks all the points when it comes to speed with a 420 horsepower engine that will take you from zero to 60 mph in 4.8 seconds. It packs more torque than Read more […]

Berkshire Profit Declines 37 Percent, Insurance Underwriting Segment Loses $38 million

August 7, 2015 – 5:17 pm | Comments Off on Berkshire Profit Declines 37 Percent, Insurance Underwriting Segment Loses $38 million
U.S. President Obama awards the Medal of Freedom to recipient Buffett during ceremony at White House in Washington

Warren Buffett’s Berkshire Hathaway Inc. reported a 37% fall in 2Q2015 profits, including a loss of $38 million in insurance underwriting operations.

Berkshire Hathaway reported net income of $4.1 billion in the second quarter, or $2,442 per share, compared to $6.4 billion, or $3,889 per share, a year earlier. The diversified Berkshire group has interests across insurance, railroads, utilities Read more […]

Apple iPhone 6S Launch Date Set For September 9th

August 7, 2015 – 2:27 pm | Comments Off on Apple iPhone 6S Launch Date Set For September 9th
Apple iPhone 6 iPhone 6 Plus

Apple’s next iPhone launch date may be September 09, according to rumors. John Paczkowski of Buzzfeed News writes quoting sources that Apple will hold an event the week of September 7th and the date is most likely to be Wednesday, September 09, the same date on which Apple held its event last year.

This fall, Apple’s launches will include an iPhone 6S (most likely, though not confirmed) as well Read more […]

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