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Economic and and financial news and analysis

Let’s Make a Deal: Buffett Teams Up to Buy Heinz for $28 Billion – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) and private equity firm 3G Capital will buy iconic ketchup maker H.J Heinz Co. (NYSE: HNZ) for $28 billion, the largest deal ever in the food industry. This transaction follows…

Are Insiders Signaling These Companies are Stocks to Sell? – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Recently Money Morning Chief Strategist Keith Fitz-Gerald pointed out that insider selling has been soaring of late. He pointed out that according to Vickers Weekly Insider Report the ratio of insider selling to buying by officers and directors…

Obama’s State of the Union Address Was Short on Math- Martin Hutchinson – Money Morning

President Obama’s State of the Union Address on Wednesday night was high on rhetoric but short on math.

As with most Obama speeches, it was beautifully delivered. However, even where I agreed with the ideas, I couldn’t quell a nagging suspicion that the numbers simply didn’t add up, and indeed likely missed by a lot.

And let’s face it, some of the ideas in the speech were just plain bad.

The Bad Ideas

At the top of the list was the proposed increase in the minimum wage to $9 an hour. It’s sounds nice, but reality is a different story.

Economists pretty much universally agree that high minimum wages have the opposite effect: They increase the ranks of the unemployed.

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Buy, Sell or Hold: Is Microsoft Stock About to Break Out of Its 10-Year Slumber? – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Microsoft Corp. (NASDAQ: MSFT) is the world’s largest software company. It’s also the world’s largest afterthought for most investors. “It’s an ancient relic,” they say, “Apple and Google are the only games in town.” Or there is always…

On Job Openings the Minimum Wage and Being Middle Class – Bruce Krasting

I had lunch with a friend, he was bitching and moaning about business. He’s having a very hard time closing deals – and he only gets paid when there are deals. This fellow is a headhunter. He specializes in supplying people for the medical industry. One of his clients has given him a sweet assignment…