Ford Trips Over Its Forecast and the DOJ Investigates Sprint: Market Recap

Facebook (NASDAQ:FB) fell 5.17 percent to close at $30.79 on Tuesday as investors decided to take profit ahead of the company’s earnings report on Wednesday after the markets close. Some observers suggest that current valuations are too high, and failure to meet expectations may generate further selling activity… (Read more.)

Most of the objections over Softbank’s (SFTBF.PK) proposed takeover of Sprint (NYSE:S), the United States’ third largest mobile carrier, have cited the deal’s potential to limit competition as a reason to be concerned. But the Department of Justice had other motives when it asked the U.S. Federal Communications Commission for more time to investigate the ramifications that the Japanese company’s acquisition will have on national security… (Read more.)

In arguing that Warren Buffett should not repurchase shares of Berkshire Hathaway (NYSE:BRKB), a Tuesday article on the financial blog The Brooklyn Investor makes an important differentiation between how “Mr. Market” and Mr. Buffett regard investments, particularly those in banking stocks. Mr. Market does not see a future for the banking industry: their stocks are too volatile, they need higher capital requirements, heavier regulations have piled on pressure, and top-line growth does not seem to be forthcoming… (Read more.)

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