Recent News: Warren Buffett, Stock Offering, Stock Performance, and Ratings Cut

Chasing Value: General Electric is screaming to me!
The market is bouncing around with every bit of news leaked from the Congress as well as company warnings and Federal reports. 'My pal Warren' is frequently being asked his opinion about the stock market and his 'stock answer' is that he ignores the overall market and its daily gyrations and focuses on individual investments and price (value)....

General Electric still slides on Warren Buffett backing
Shares in General Electric fell another 10 per cent yesterday as Wall Street ignored the backing Warren Buffett has given the company and braced itself for a full-scale banking crisis. On Wednesday, Mr Buffett bought $3 billion (£1.7 billion) of GE preferred shares through Berkshire Hathaway, his investment vehicle. He acquired the stock at $22.25 each. At the same time, GE, one of the world’s largest conglomerates, sold another 548 million shares at the same price to other investors. On Wall Street yesterday, GE shares were trading at $22.12, just below the fundraising offer price...

Bet on Warren Buffett, not on slogans
THERE’S only one set of people that finance firms have thrown money at more willingly than subprime borrowers in recent years and that’s ad execs. And a fat lot of good it’s done them. Even in these straitened times, they are seldom off the TV and their spots are seldom anything other than awful. At the moment there’s a particularly horrid series for E-Trade featuring a baby day trader getting freaky with his girlfriend via text message. “Bad girl,” he says and shivers. Me too. Makes me feel abused every time it’s on...

Buffett Sees the Light in GE
Some stocks are labeled bellwethers for good reason. General Electric, the huge conglomerate whose reach extends into industry, health care, media and financial services, has long been considered a barometer for the economy. These days, for better or worse, the company is emblematic of the problems roiling the financial markets overall and financial firms in particular. ..

GE Needs to Shed More Light
WEDNESDAY AFTERNOON, GENERAL ELECTRIC (ticker: GE) announced plans to offer at least $12 billion of common stock to the public. The announcement comes on the heels of saying on Sept. 25 when asked about issuing new equity that "we just don't see it right now."...

Ahead of the Bell: Analyst cuts forecast for GE
An analyst Friday reduced his earnings forecast for General Electric Co. for 2008 and the next two years, but said the conglomerate's share offering of $12.2 billion and another $3 billion in warrants to Warren Buffett affects only the fourth quarter....

GE shares slide after secondary stock offering
General Electric Co. shares fell as much as 10 percent on Thursday, touching a new 5-1/2-year low, as its sale of $15 billion in new stock to investors including Warren Buffett failed to soothe Wall Street worries. GE shares have tumbled about 40 percent this year as the global credit crunch has taken a heavy toll on its hefty finance arm and the company warned that 2008 profit could drop 12 percent....