iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Warren Buffet Calls Japan a Buying Opportunity

“It will take some time to rebuild, but it will not change the economic future of Japan,” …… “If I owned Japanese stocks, I would certainly not be selling them.”….”Frequently, something out of the blue like this, an extraordinary event, really creates a buying opportunity. I have seen that happen in the United States, I have seen that happen around the world. I don’t think Japan will be an exception,”

Full Story

Comments »

Mylan Inc. Sues FDA Over Lipitor Generics

Mylan claims Ranbaxy does not have the marketing rights nor the regulatory approval. Furthermore, previous decisions by the FDA is costing patients billions of dollars in savings…..

Full Story

Comments »

Update on AIG Bond Purchase From The Fed

Fed is not sure if they want to solicit others bids as it may hurt taxpayers.  So AIG must make it a profitable situation for the taxpayers in order for this deal to go through….

Full Story

Comments »

Buffett Believes Current Crisis in Japan Presents a Buying Opportunity

“If I owned Japanese stocks, I would certainly not be selling them because of the events of the past 10 days or so. “Something out of the blue like this, an extraordinary event, really creates a buying opportunity.”

Buffet is visiting South Korea, one of his favorite “hunting grounds.” He has lots of money to invest and he is interested in very big companies. South Korea has plenty.

Comments »

Flash: Pressure Rising in Nuke Reactor #3

Troubled nuclear plant #3 may have to be vented, in order to reduce pressure.

Related: there are reports of an operator at one of the plants being exposed to significant levels of radiation.

Comments »