Jeff Spring is the Finance & Markets Editor at BusinessPundit.com. He's currently spending his days backpacking across Europe. While he may be living outside of the United States, he stays connected to American financial markets and M&A's more than is probably healthy for any single person. His love of a good book and a Bloomberg terminal can't be understated.
It’s not uncommon for Berkshire Hathaway to acquire large stakes in companies, however, the company’s founder, Warren Buffett, rarely spends his own money on stocks. That’s what made his purchase of 2 million shares in Seritage Growth Properties this week so special. His 2 million shares are worth 8% of the company and Buffett is […]
The job cuts at Morgan Stanley’s fixed income business is leading to a talent bleed among its senior staffers. The US bank is looking to cut 25% of its fixed income staff. On Monday, the company’s London and New York offices began cutting staff. Scott Francoeur, head of emerging market credit sales in New York, has […]
Oil is currently trading around $42 per barrel and that’s bad news for producers in some parts of the world. In the United Kingdom it costs $52.50 to produce a barrel of oil and in Brazil the cost is $49 per barrel. In Canada oil producers are barely breaking even at $41 per barrel. As […]
Venezuelan Oil Minister Eulogio Del Pino fears crude oil prices will slip below $20 per barrel if OPEC doesn’t take immediate action to stabilize the oil market. Officials in Venezuela are urging the Organization of Petroleum Exporting Countries to adopt an “equilibrium price” that covers the cost of new investment in production capacity. Saudi Arabia and […]
Private equity group Cerberus Capital Management announced on Tuesday, December 18, 2012 plans to sell off its 95 percent of holdings in Freedom Group International, makers of Bushmaster rifles. As the largest firearms company within the U.S., Cerberus has operated for over 194 years. During 2006, the organization established the Freedom Group upon acquiring Bushmaster, […]
When the world’s best musicians unite for a good cause, the results are staggering. The 12-12-12 Hurricane Sandy Relief Benefit Concert which aired on earned over $35 million dollars for the Robin Hood Fund to help offset the estimated $55 billion dollars of damages left in the superstorm’s wake. As one of the biggest concert […]
Very simply, social psychologists study how people interact with others – their families, friends, and yes, business partners. Smart marketers and executives have been using the findings of this growing field for decades to close sales, hold effective meetings and get their way in negotiations.
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There are certain jobs that nobody dreams of doing when they grow up. They tend to be the type of jobs that are dirty, dangerous, and sometimes boring and tedious. However, they also tend to be well-paying jobs. Some of these stigmatized jobs actually pay well and are definitely worth a closer look. If you’re on the […]
The World Bank’s report issued on November 18, 2012 predicts that a temperature change of just 4 degrees Celsius will trigger a “doomsday scenario.” The report highlighted the urgency to slow the global warming first noted by scientists during the 1980s and has grown to be an increasingly imminent and alarming threat than ever before. […]
The journal Plos One has published the results of a study conducted by Royal Botanic Gardens and Coffee Forest Forum found that climate change threatening global coffee production. As the second most traded commodity in the world, coffee – particularly Wild Arabica and Robusta varieties – is greatly affected by carbon emission. Researchers developed crop […]
On Thursday, October 18, 2012, Internet giant Google’s reign as the world’s most impressive search engine slipped following an ill-timed mistake by financial printer RR Donnelley. The glitch included the premature posting of its third quarter earnings three hours early and a massive response from shareholders. The result was a downward nosedive in shares, a […]
Your employees are the front line advocate for your brand and are the connection between your business and customers; it’s important to inspire them and keep them motivated when they come to work. Employee happiness is key to the success of a business. The following infographic shows the steps you need to take to keep […]
