Word: staking
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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...
...modestly prospered, fixing and selling used cars, Weinberg dreamed that his son would enter the auto business. Not used cars, though - new cars. Sleek and powerful cars, like the ones built by Walter Chrysler's company. And that's how Steve Weinberg, with his father's savings to stake him, came to open a Dodge dealership in Grandview...
...Magna consortium, which pledges to invest €700 million ($970 million) in Opel, has softened its position on job cuts and plant closings several times under pressure from German politicians. Magna's plan would leave GM with 35% of the company and Sberbank with a 35% stake, while Magna would take 20% and Opel employees would control...
...SNCB) and Germany's Deutsche Bahn (DB). DB also uses the French company's track to operate its high-speed Intercity-Express (ICE) trains between eastern France and Paris. But, despite their cooperation on some routes, DB and SNCF are locking horns over Eurostar. The French have a majority stake in Eurostar, which also includes the Belgians and the U.K.'s London and Continental Railways (LCR). DB has made no secret that it is looking to buy LCR's 33% stake - which the French also covet, in part to deny DB its dream of extending its routes into...
...consultant Marc Ganis to broker deals between Chinese sports companies and U.S. sports teams, is a mystery man to many in the Chinese sports world, while he's considered something of an up-and-comer in U.S. industry circles. Ganis and Huang helped Rockets owner Leslie Alexander buy a stake in Chinese sportswear firm Anta for its successful initial public offering two years ago. But that comprador work is minor compared with the Cavs deal, which would rank as the biggest international sporting investment by a Chinese-Hong Kong consortium if it goes through. "It makes sense for the Chinese...