Month: January 2017

Buffett’s Berkshire Buys German Pipe Company, Handelsblatt Says

One of Warren Buffett’s largest units at Berkshire Hathaway Inc. agreed to buy Wilhelm Schulz GmbH, a closely held German maker of piping components, as the billionaire’s deputies seek deals to expand, Handelsblatt reported. Mark Donegan, chief executive officer of Berkshire’s Precision Castparts unit, confirmed it’s buying Wilhelm Schulz but declined to elaborate on terms, the newspaper said.

Report: Foxconn weighs $7 billion US factory with Apple

Foxconn Technology Group Chairman Terry Gou told reporters in Taipei the company is considering a joint investment with Apple for a display manufacturing facility in the U.S., according to a report by the Nikkei Asian Review. The facility would cost more than $7 billion and may create an eventual 30,000 to 50,000 jobs, the publication cited Gou as saying.

Trump May End Obamacare Insurance Requirement, Conway Says

The Trump administration may stop enforcing the Obamacare requirement that most Americans carry health insurance even before Congress repeals the law, Kellyanne Conway, a top adviser to the new president, said in interviews broadcast on Sunday. Such a move would take the teeth out of former President Barack Obama’s health-care law and could destabilize insurance markets, analysts say.

IBM Finally Turns the Corner

The tech giant reported its fourth-quarter results on Jan. 19, beating analyst estimates on all fronts and surpassing its goal of producing at least $13.50 in adjusted per-share earnings for 2016. IBM expects to produce at least $13.80 in adjusted EPS in 2017, a small but important increase.

3 Biotechs Likely to Be Acquired in 2017

The year is still young, but we’ve already seen acquisitions of Ariad and CoLucid . Which biotechs could be scooped up next in 2017? Here’s why Clovis Oncology The number of big companies battling to acquire Medivationin 2016 shows that the oncology space is hot.

How Steven Mnuchin Could Affect the Markets

This commentary originally appeared on Real Money Pro at 1:00 p.m. on Jan. 20. Click here to learn about this dynamic market information service for active traders. Donald Trump’s nominee for Treasury Secretary, Steven Mnuchin, had his Senate confirmation hearing yesterday.

Saving for College? Consider a Roth IRA

With college costs rising faster than inflation, more and more parents are actively saving to help cover those expenses. And while 529 plans have traditionally been promoted as the go-to college savings vehicle, there’s a lesser-known alternative it might pay to explore: the Roth IRA.

NVIDIA Corporation Volta Architecture Rumor Emerges

A while back, Fudzilla reported that Volta, like Pascal, will be manufactured in TSMC’s 16-nanometer technology. This rumor made sense, considering Volta is probably going to be launched too early to be manufactured on TSMC’s 7-nanometer technology, and it’s unlikely that NVIDIA would use TSMC’s 10-nanometer technology for high-performance graphics processors, as the 10-nanometer technology is widely viewed as a “stop-gap” technology aimed squarely at mobile processors.

Don’t Get Robbed at the Pump

With gas prices still well below their highs of a few years ago, many U.S. drivers feel like they’re finally not being fleeced every time they fill their tank. What many may not realize, however, is that the danger of being robbed at the gas pump may be higher than it has ever been.

OPEC and Friends Agree on a Way to Monitor Oil-Output Cuts

OPEC and other oil producers agreed on a way to monitor their compliance with last month’s historic supply deal, putting global markets on track to re-balance after more than two years of oversupply. The countries have already cut oil supply by 1.5 million barrels a day, more than 80 percent of their collective target, since the deal took effect on Jan. 1, Saudi Arabia’s Minister of Energy and Industry Khalid Al-Falih told reporters in Vienna.

White House Says Media Delegitimizing Trump, Won’t ‘Take it’

Press Secretary Sean Spicer deliver an statement at the press briefing room at the White House in Washington U.S., January 21, 2017. REUTERS/Carlos Barria The White House vowed on Sunday to fight the news media “tooth and nail” over what officials see as unfair attacks on President Donald Trump, setting a tone that could ratchet up a traditionally adversarial relationship to a new level of rancor.

Weak Pound Forces Dubai Duty Free to Cut Prices

Dubai Duty Free cut prices after a weaker pound led to lower airport sales and expects to boost revenue by 5 percent this year, driven by spending by Chinese travelers. “We have been negotiating with our suppliers, a lot of whom we pay in dollars,” the airport retailer’s Chief Executive Officer Colm McLoughlin said in an interview on Sunday.

Weak Pound Forces Dubai Duty Free to Cut Prices

Dubai Duty Free cut prices after a weaker pound led to lower airport sales and expects to boost revenue by 5 percent this year, driven by spending by Chinese travelers. “We have been negotiating with our suppliers, a lot of whom we pay in dollars,” the airport retailer’s Chief Executive Officer Colm McLoughlin said in an interview on Sunday.

OPEC Shrugs Off Threat of Trump’s America Cutting Oil Imports

OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from abroad. The U.S. is “closely integrated in the global energy market,” Saudi Arabia’s Energy and Industry Minister Khalid Al-Falih said, while his Venezuelan counterpart Nelson Martinez said he expects his country’s crude exports to the world’s top consumer to remain stable.

OPEC Shrugs Off Threat of Trump’s America Cutting Oil Imports

OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from abroad. The U.S. is “closely integrated in the global energy market,” Saudi Arabia’s Energy and Industry Minister Khalid Al-Falih said, while his Venezuelan counterpart Nelson Martinez said he expects his country’s crude exports to the world’s top consumer to remain stable.

What Investors Need to Know About a 2017 U.S. Oil And Gas Production Resurgence

In this clip from Industry Focus: Energy , Motley Fool analysts Sean O’Reilly and Taylor Muckerman go over the most important numbers from the report and what they mean, put them in context of the last several years, and talk about where the rest of the world is expected to perform in 2017. 10 stocks we like better than Total When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.

How Will Gilead Sciences Fare Under President Trump?

Change is on its way in Washington, D.C. And the possible impacts for a big biotech like Gilead Sciences Let’s start with the potential negatives. Donald Trump has made it clear that he wants to allow Medicare to negotiate directly with drugmakers to secure lower prices for prescription drugs.

7 Tax Tips to Help Avoid an IRS Audit

It’s common for taxpayers to wonder how likely it is that their tax return will be audited, as the prospect of an IRS tax audit is rather worrisome. Here are three bits of good news, though: It’s very unlikely that you’ll be audited, there are ways to decrease your odds further, and even if you are audited, it’s not likely to be too traumatic.