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What's In The News: August 30, 2012

Published on Thu, 08/30/2012 - 10:05
By FNNO Staff
whats in the news, pink:ssnlf, pink:vivhy, nyse:brk.a, nyse:wfc, nyse:lxk, samsung, vivendi, berkshire hathaway, wells fargo, lexmark, fnno, business finance, trading, stock, market, analysis, news

From Fnno.com, This is the financial news network. Here's what's in the news for Thursday August 30, 2012. The Wall Street Journal reports Samsung Electronics (PINK:SSNLF) showcased its product pipeline for the second half of this year at a trade show in Berlin today, as it unveiled its ATIV line of products, including a 10.1-inch tablet device running on Windows RT and a 4.8-inch smartphone running on the Windows 8 mobile platform. Reuters reports the euro zone has an "absolute political will" to stabilize the single currency, German Chancellor Angela Merkel said today after talks with Chinese Premier Wen Jiabao in Beijing. Reuters also reports Vivendi (PINK:VIVHY) CFO Philippe Capron said the conglomerate wasn’t now contemplating a break-up of its telecom and media units to solve a deep share slump because of the way it would impact the group's debt. Bloomberg reports Berkshire Hathaway'’s (NYSE:BRK.A) stock portfolio is benefiting this year from Chairman Warren Buffet's bet on Wells Fargo & Co. (NYSE:WFC), the home lender that has rallied 24% since December 31. Wells Fargo has averaged about 17% of Berkshire's U.S. equity investments this year, according to data compiled by Bloomberg. That compares with about 1.4 percent in the Standard & Poor’s 500 Index. Finally, Bloomberg also reports Lexmark International (NYSE:LXK) is poised to attract potential buyers with the least expensive technology valuation in the U.S. as the printer company’s closure of its inkjet operations heightens takeover speculation. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.

By FNNO Staff

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