• Berkshire Buys Burlington in Buffett’s Biggest Deal – WB likes BNSF for $100 a share and he’ll thrown in some free DQ just because he can. [Bloomberg]
• Business Bankruptcy Filings Increased 7% in October – Over 130k total personal and commercial bankruptcies, up 20% from last year. [WSJ]
• What To Watch For On Tuesday – It’s election day. [NPR]
• Stanley, Black & Decker in Deal – “The transaction, which had been discussed three times before, according to the companies, represents a view that the housing market will bounce back from current lows, but also an acknowledgement that the do-it-yourself market and construction will not soon approach sky-high levels of a few years ago.” [WSJ]
• RBS, Lloyds Diverge on U.K. Aid as They Unveil Plans – “The U.K. government said Tuesday it will put £31.2 billion ($51.2 billion) in new taxpayer money into the two banks as part of a revamp of the banking system and the long-awaited asset-protection program.” [WSJ]
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Preliminary Analytics | 09.18.09
• Financier Pang Allegedly Had Drugs in His System at Death – “Newport Beach police believe the most likely explanation is that Mr. Pang, 42 years old, committed suicide, according to people close to the matter, but they are awaiting the coroner’s report for a definitive conclusion.” [WSJ]
• Investors, It Pays to Mind the GAAP Gaps – “Companies in the Standard & Poor’s 500-stock index earned an estimated $13.81 a share in the quarter on an operating basis, compared with $13.51 in GAAP earnings. That is the closest those two earnings measures have been since the first quarter of 2000.” [WSJ]
• Fed to screen U.S. bank pay policies: report – Basically, bankers would have to get approval from Dad before getting their allowance. [Reuters]
• UBS Tax Net Snares Clients of Credit Suisse, Julius Baer, LGT – Eventually, just for simplicity and fairness, everyone will have to tell everyone else where they bank. [Bloomberg]
Preliminary Analytics | 11.18.09
• Goldman, Buffett Team to Aid Small Businesses – WB says some small business need some help with certain things, ‘Sometimes people lack basic business skills, like accounting.’ Accounting and folksy sexual innuendos? He’s already got it figured out. Take note people. [WSJ]
• How to Wreck Your Company’s Valuation – Step 1: Hire an auditor of questionable ethics. [CFO]
• Lions Ex-Stadium, Once Super Bowl Host, Sells for $7.25 a Seat – Or $583,000. [Bloomberg]
• Chance of Great Depression Now 5%… – 20 to 1? Takers? [Brad DeLong]
Preliminary Analytics | 01.08.10
• Order for UBS to release client data judged unlawful – Swiss Bank secrecy law were broken says a court in neutral (still, right?) land. [Reuters]
• Sarkozy proposes ad tax on Google – What happened to taxing the stupid? [FT]
• Fully Played Out? – “Can we assume that the downturn is fully played out, especially in light of reports and other evidence that people are (still) altering their behavior (e.g., spending less and saving more) in response to what’s going on around them?” [Financial Armageddon]
• Overstock.com Staves Off Bankruptcy With ‘Hillary Clinton Nutcracker’ – For $37, they’ll throw in a Bill Clinton corkscrew. [Gary Weiss]
• Good News for the Young and Unemployed &ndsah; Your Moms still love you! Plus the job market might be turning around. [The Atlantic]