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Dollars & Sense: Buffett's selling spree; boost your credit
A roundup of today's CNNMoney news:
Buffett’s $1.2 billion selling spree: Berkshire Hathaway raised cash last year as it prepared for a rare change of the investing guard. The Omaha-based company has now sold its stake in Bank of America and seven other big companies as a top lieutenant to Warren Buffett retired. Meanwhile, investors are pulling money out of emerging markets, with $13 billion flowing out over the past three weeks.
For mergers, it’s a small world after all: More than $118 billion worth of deals in which the acquirer and acquiree don't reside in the same country have taken place so far this year - including the NYSE-Deutsche deal. That accounts for 30% of all mergers and is up 56% from the same time a year ago.
Paying your rent can boost your credit: In January, credit reporting agency Experian started including residential rental payment data on its credit reports. That means that one in three consumers who have a score of 501 to 600 will move up to at least a score between 601 and 700.
Leaf and Prius stomp the Volt: The Chevrolet Volt didn't rank as one of the top 10 "greenest" cars in America, coming at No. 12, according to the American Council for an Energy-Efficient Economy's annual list. The top 12 cars include gasoline-powered cars, plug-in cars, gasoline/electric hybrids and natural gas-powered vehicles.
The $50,000 bionic leg: Boston area startup iWalk has created a next generation robotic leg that amputees are calling a "game-changer."
i want a bionic mouth..
You already have one
Let's see...Buffet dumps B of A because it was loser. He should have spotted that before ever buying the stock in the first place. When a banker claims that a market will turn around, in this case real estate, it is time to run the other way. No one can predict the future of financial returns and no one never has. Shame on B of A and its execs. You guys couldn't run a neighborhood lemonade stand. You bunch of saps!
Bank of America became a loser when it was bought by Nations Bank in 1998.
God makes you as you are butt you don'Tp know he is coming.
Even Buffet is wary of the economy? I thought he was sold on the porkulus program that was going to save us all and put everybody to work.
Oh?
Banasy, Raven, Tomcat, Phillip, RuffNutt, and Veritas, please report to the principal's office. Immediately!
....missed me. Har har!
Oh yes, Jeff and Chrissy, please report to the principal's office. Now!
$50,000 for a fake leg? That's worth more than either one of my real legs. I will give up my left toe for a $50,000 donation.
1.2 Billion dollar spree?? That sure buys a lot of lap dances and ice cold beer.
#12 is still a good ranking for a car. I have driven GM for years. They are excellent cars. This Chevy Volt sure is a gas saver and a car of the future. Go GM!!!
i'd trade my camaro for a volt.. then i'd wire some grow lights to it..
I'm sorry to hear that, RuffNutt. You love your Camaro. I must take some time off to absorb this. It's like separating Batman from Robin, Abbott from Costello. Say it ain't so, RuffNutt.
i'd yank the motor outta it and put a pontiac 428 in it with a 4-speed, then i'd sell the battery pack and get a rear tubbing kit and run some mickey thompsons with some 15×14's in the rear. paint it flat black and tint the windows..
and get a chain steering wheel.. my buddy up the street gets them cheep from mexico... oh and a hippie foot gas pedal..