- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Re-insurer Swiss Re and Warren Buffett-owned Berkshire Hathaway (NYSE:BRKB) are embroiled in a dispute relating to a 2010 life insurance deal, with the latter claiming damages of between $0.5-$1 billion. The two parties have met, but efforts to resolve the dispute have failed and this might lead to arbitration proceedings, as per Swiss Re’s third-quarter earnings statement, which disclosed the dispute but said Berkshire’s claim was without merit.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
In its ongoing efforts to shed non-core assets, General Electric (NYSE:GE) is looking to sell its Swiss consumer lending business, possibly by the end of the first quarter, says Reuters. Swiss bank UBS AG (NYSE:UBS) could be a possible bidder for GE Money Bank and the deal could be valued as much as $1.6 billion. A successful purchase would be in line with UBS’s strategy to refocus on the domestic market and wealth management business.
Intel Corporation (NASDAQ:INTC) intends to file a shelf registration statement with the SEC in respect of senior unsecured notes to be issued subject to market and other conditions. The proceeds of the offering would be utilized for general corporate purposes and for repurchasing shares of its common stock.
Don’t Miss: Dell Upgrade: Every Dog Has Its Day.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.