Word: warrens
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...Four Palestinian civilians were killed. INDIA Wanted: U.S. Exec A court in Bhopal rejected an attempt to reduce charges against a former chairman of Union Carbide arising from a 1984 industrial disaster that has killed 20,000 people. The Indian government wanted the charge of culpable homicide against Warren Anderson, a U.S. citizen, to be reduced to negligence. But a judge argued that Anderson had not yet applied to have his charges reduced. INDONESIA Migrant Malaise Dozens of Indonesians have died while stranded in a refugee camp in Borneo after being ousted from Malaysia for working there illegally...
Orange island no longer lives up to its name. The citrus trees that once grew here have long given way to a dense warren of houses and shops. And in recent days, the Xiang River's mustard-colored waters have submerged much of the island itself. Anxious residents in skiffs and rafts paddle their belongings to higher ground or to the river bank a few hundred meters away. A dozen families live in the open air on a concrete sidewalk within sight of their flooded homes and businesses. Rao Houxing stacks a few crates of soda and soy milk that...
Want to put a face on the case for investing now? Try Warren Buffett's. In the past few weeks the fabled Omaha, Neb., investor has provided hundreds of millions in financing to telecom firm Level 3 Communications and energy firm Williams Companies. He bought a jewel of a natural-gas pipeline from Dynegy at the fire-sale price of $928 million. More illuminating: Buffett advertised himself as a buyer, telling the Wall Street Journal that "if I got a call this afternoon and somebody offered me A, B or C--securities, assets or a business--and it looked like...
Benjamin Graham (who died in 1976) would not have applauded Grubman. Graham--market-stomping money manager, finance professor at Columbia, mentor to Warren Buffett--was the greatest investment mind of the 20th century...
INVESTMENT Caught in a Bear Trap Swiss multimillionaire and bow-tied shareholder activist Martin Ebner, who has made a career out of being a thorn in the side of Switzerland's corporate establishment, sees himself as the Swiss equivalent to that patron saint of U.S. shareholders, investor Warren Buffett. Lately, though, Ebner has had a few setbacks. Last week he was forced to sell controlling stakes in four key investment funds. BZ Group, Ebner's holding company, made the sale after the share prices of the firms in which the funds held stock plunged. But while Ebner may have always...