TITLE

Burnout

AUTHOR(S)
Coster, Helen; Fisher, Daniel
PUB. DATE
October 2008
SOURCE
Forbes Asia;10/27/2008, Vol. 4 Issue 18, p75
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article talks about the present financial condition of General Electric Co. (GE). It is reported that the company is facing rising defaults. It had to accept $3 billion from investor Warren Buffett's Berkshire Hathaway Inc. at a 10 percent interest rate. According to its chief executive Jeffrey Immelt, things have become desperate at the company. Also it is reported that since January 2008 the cost of insuring GE debt against default for five years has risen ninefold.
ACCESSION #
35478500

 

Related Articles

  • Jain to succeed Buffett?  // Eastern Eye;3/6/2015, Issue 1292, p15 

    The article reports on billionaire Warren Buffett who found a successor to replace him as chief executive officer (CEO) Berkshire Hathaway Inc., a conglomerate company.

  • GE Seen Looking to Sell Reinsurance Unit.  // American Banker;11/20/2002, Vol. 167 Issue 223, p20 

    Discusses the move seen in General Electric Co. to shift money into its reinsurance unit's reserves so that the business will be easier to sell. Expected flexibility for GE's chairman Jeffrey Immelt from the plan to divest slower-growing businesses, including Employers Reinsurance;...

  • Warren Buffett is big on metalworking. Stover, Mark // T & P: Tooling & Production;Jul2006, Vol. 72 Issue 7, p26 

    The article profiles Warren Buffett, the second-wealthiest man in the U.S. with a net worth over $40 billion, chairman and CEO of Berkshire Hathaway based in Omaha, Nebraska. He invested $4 billion to acquire Iscar Metalworking Cos. which represents the largest acquisition made based from Omaha....

  • In Buffett's image. Schouten, Cory // Indianapolis Business Journal;4/19/2010, Vol. 31 Issue 7, p1 

    The article focuses on Sardar Biglari, chairman and chief executive officer (CEO) of Biglari Holdings Inc., with emphasis on his adoration to Warren Buffett, chairman and CEO of Berkshire Hathaway in terms of investing styles and strategies. Biglari, at the annual meeting of his company in New...

  • Buffett's Growth Plan: Another $58 Billion. Serwer, Andrew // Fortune;4/12/1999, Vol. 139 Issue 7, p178 

    Focuses on the business planning of chief executive officer Warren Buffett of Berkshire Hathaway. Criticism by Buffett of his own employees; His stocks, including Citigroup; Taxes paid by Berkshire in 1998; The net worth of the company, the largest of any United States corporation.

  • The Oracle's Credit Crisis. Demos, Telis // Fortune;3/31/2008, Vol. 157 Issue 6, p14 

    This article focuses on Warren Buffett, chief executive officer of Berkshire Hathaway. The article explains that Buffett's credit score is reportedly 718, which proves slightly below the median average for the U.S. The article notes that his low score may be due to an imposter.

  • SETTING THE RECORD STRAIGHT.  // Time;2/5/2007, Vol. 169 Issue 6, p17 

    The article reports two corrections to the January 15, 2007 issue: the "Numbers" column misstated an amount of marijuana, and the "Letters" column misspelled the name of Berkshire Hathaway Inc.'s CEO Warren Buffett.

  • Berkshire Hathaway fails Buffett's 5-year test for first time. Yarker, Jon // Fundweb;1/2/2014, p10 

    The article reports that failure face by the Berkshire Hathaway Inc. in the five-year test its president and chief executive officer, investment legend Warren Buffett set. It mentions that the test is to increase the company's net worth faster than the S and P 500 index over a five-year period....

  • Buffett's Balancing Act. Kadlec, Daniel; Roston, Eric // Time International (South Pacific Edition);4/11/2005, Issue 14, p55 

    The article reports that American International Group Inc. (AIG) has admitted to improper bookkeeping in a deal with Berkshire Hathaway Inc. In late 2000, Berkshire entered into agreements with global underwriter AIG that AIG concedes it did not account for properly, thus exaggerating its...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics