Written by Dino Romano on
November 26, 2009 – 12:16 pm
The most serious economic downturn since the Great Depression has made it extremely difficult for all but a few publicly held companies to grow their revenue or their top lines. With the lack of revenue growth for 2009, many have relied on layoffs and other cost cutting measures just to maintain their earnings. [...]
Warren Buffet’s Berkshire Hathaway announced that it is acquiring the 77% of Burlington Northern (NYSE:BNI) shares that it currently does not own. The media pundits and Buffet have said that with the acquisition he and Berkshire are making a big bet on the U.S. economy. I disagree.
In making the acquisition I believe that Buffet is [...]
Two of the biggest acquisitions of Computer Services Industry members, Affiliated Computer Services and Perot Systems occurred during the month of September of 2009. The acquisitions of these two respectively by Xerox and Dell indicate that a major shift is going on as those companies who manufacture and sell computers and office equipment are seeking [...]
CIT (NYSE:CIT) shares are down sharply today after the company announced that the Obama Administration is not going to provide any more support or assist in the bail out of the major provider of financial services to approximately one million U.S. businesses.
Before I get into the implications of this new development here is some [...]