IndiaInsurance
9th July 2010, 01:49 PM
The unthinkable is happening..., or at least, it is being thought about and action recommended. An analyst advised investors Thursday to sell shares of Warren Buffett s Berkshire Hathaway Inc. because the U.S. economy may weaken over the rest of the year and hurt demand for its businesses that rely on consumer spending. Stifel Nicolaus analyst Meyer Shields said in a research note that declining consumer confidence will likely slow consumer spending. Oil prices could also rise and further reduce consumer spending. Berkshire s insurance businesses, like Geico and General Re, generated more than half the company s $8.1 billion profit last year, ...
More... (http://in.biz.yahoo.com/090317/32/batbq0.html)
More... (http://in.biz.yahoo.com/090317/32/batbq0.html)