Retail spending continues to rise in the U.S., even with continued weakness in job and housing markets. That’s good news for these three leading department-store operators. All three should continue to benefit from the investments they have made in new stores, and in building their… Read More
INTERNATIONAL BUSINESS MACHINES CORP., $185.24, New York symbol IBM, rose initially in response to news that Warren Buffett’s Berkshire Hathaway Inc. (New York symbol BRK.A) now owns 5.4% of IBM. However, the stock fell 1% for the week.
This is Mr. Buffett’s first major investment in… Read More