Word: investor
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Dates: during 2000-2009
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...least one prominent investor thinks Wells is doing something right. Warren Buffett's Berkshire Hathaway bought nearly 12.4 million shares of Wells Fargo stock in the first quarter, upping its stake to just over 300 million shares. In early May, Buffett told attendees at his firm's annual meeting that he thought Wells was well capitalized and had a competitive advantage over other banks. (Read "My $650,100 Lunch with Warren Buffett...
...Obama Administration is unswayed, pointing out that the Bush Administration had intervened with government loans by the time the new team arrived. Chrysler was a dead man walking, and GM was a problem that no bank or investor group would touch. Task-force officials believe that the only alternative to a government cleanup, financed with public money and rammed through by government muscle, was the chaos of liquidation, which would have triggered a cascade of business failures and rocketed the unemployment rate above 10%. (Watch an interview with Ford CEO Alan Mulally...
...deal brokered by the Federal Deposit Insurance Corp., which closes banks that are insolvent or nearly so, BankUnited is being taking over by a group of private-equity investors, including famed vulture investor Wilbur Ross. The group isn't paying much for the bank - because BankUnited isn't worth much. The FDIC figures cleaning up the mess at BankUnited will cost its insurance fund nearly $5 billion, which makes this the most expensive bank failure this year...
India's benchmark stock index on Monday surged a stunning 17%, a record one-day gain powered by investor euphoria over a resounding victory in nationwide elections by Prime Minister Manmohan Singh's Congress Party...
...blow to a market that was one of the world's most dynamic in recent years. Offering businesses a dip into London's deep investor pool, but with a light regulatory burden, AIM had lured 1,700 companies from more than 30 countries at its peak in late 2007. That figure now stands at 1,500 and shrinking. Among firms valued at less than $7.5 million - almost 40% of all companies listed on AIM - "there's quite a strong feeling that if things aren't going to improve in the near future, they're minded to look at coming...