April 25, 2014

Breaking News:

Keyshawn Johnson Arrested -

Monday, April 21, 2014

Chris Brown’s Bodyguard Found Guilty -

Monday, April 21, 2014

Knicks Fire Mike Woodson -

Monday, April 21, 2014

Earthquake Shakes Mexico City -

Friday, April 18, 2014

Suspicious Packages Found At Boston Marathon -

Wednesday, April 16, 2014

200 Hundred Dead Or Injured In Bus Station Bombing -

Monday, April 14, 2014

Aldon Smith Arrested At LAX -

Sunday, April 13, 2014

Three Dead In Jewish Community Center Shooting -

Sunday, April 13, 2014

Stephen Colbert Named New Host Of The Late Show -

Thursday, April 10, 2014

UMass Guard Becomes First Openly Gay Player In D-1 Basketball -

Wednesday, April 9, 2014

Six Injured In High School Stabbings -

Wednesday, April 9, 2014

Active Shooter Reported At Portsmouth Naval Hospital -

Tuesday, April 8, 2014

Judge Rejects Request To Dismiss Chris Brown Case -

Monday, April 7, 2014

U.S. Pinger Locator Detects Signal -

Monday, April 7, 2014

Ship Detects Pulse Signal In Search Of Missing Plane -

Saturday, April 5, 2014

7.8 Aftershock Shakes Chile -

Thursday, April 3, 2014

Shooting Reported At Fort Hood -

Wednesday, April 2, 2014

5.8 Earthquake Strikes Off Coast Of Panama -

Wednesday, April 2, 2014

Tiger Woods Withdraws From The Masters -

Tuesday, April 1, 2014

North Korea, South Korea Exchange Fire Near Border -

Monday, March 31, 2014

Buffet Buys 10 Millions Shares Of GM Stock

( 4UMF NEWS ) Buffet Buys 10 Millions Shares Of GM Stock:

Analysts and investors alike will be watching the ticker closely this week to see how the market responds to word that the “Oracle of Omaha” has grabbed 10 million shares of General Motors (GM) stock.

According to a filing with the Securities and Exchange Commission, Warren Buffett’s investment firm Berkshire Hathaway will spend $256.6 million for the stock, a nearly 20 percent premium over their value of $214.2 million when trading on the New York Stock Exchange wrapped up on Tuesday.

Shares of GM soared early on Wednesday before settling. GM closed the trading day up 0.50 points, or 2.33 percent.

But that’s still well behind the $330 million Buffett would have invested during GM’s November 2010 IPO. And the question is whether this move signals the possible turnaround in GM shares which have been lagging like most automotive stocks in recent months.

The maker has staged a modest recovery from its $19-a-share 52-week-low, and GM stock surged by $1 as soon as the market opened Wednesday morning before settling back slightly.