Should you invest like Carl Icahn? Brian Blair, Rosenblatt Securities, and Mark Hake, Hake Capital Management, debate the pros and cons to investing like billionaire investor Carl Icahn.
EXCLUSIVE-Tesoro building crude railcars stronger than new US rules require HOUSTON, May 18- U.S. refiner Tesoro Corp has ordered new crude oil railcars with features that surpass safety standards that federal regulators set this month, executives told Reuters. The 210 tank cars being built in northern Louisiana are so-called pressure cars, with the same design as those that carry liquid petroleum gases such as propane and butane, gas...
| By: Kristen Hays
UPDATE 1-BNSF drops plan to buy tank cars on customer concerns HOUSTON, May 15- BNSF Railway Co this week told customers it had dropped a plan announced last year to buy 5,000 stronger crude oil tank cars after customers were concerned about the company moving into railcar ownership. The company, owned by Warren Buffett's Berkshire Hathaway Inc also said in a letter sent to shippers on Wednesday it is concerned that new U.S....
| By: Kristen Hays
UPDATE 1-Buffett's Berkshire adds to favorites IBM, Wells Fargo May 15- Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favorite companies, including Wells Fargo& Co and International Business Machines Corp.. Buffett has long praised his "Big Four" stock holdings Wells Fargo, IBM, Coca-Cola Co and American Express Co, which comprise roughly 58 percent of...
| By: Jonathan Stempel
Big name investors take sides on Ackman bet on Valeant -filings BOSTON, May 15- Wall Street's savviest investors are picking sides on Bill Ackman's new bet on Valeant Pharmaceuticals International Inc, with BlueMountain Capital and T. Rowe Price adding money, while Viking Global Investors and Jana Partners cut stakes. T. Rowe Price bought an additional 2.3 million Valeant shares, raising its stake 12 percent to 20.1 million...
| By: Svea Herbst-Bayliss