|Warren Buffett Bets on Phillips 66 (PSX); Steve Cohen Eyes Potential in uniQure (QURE)
Phillips 66 (PSX)
Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. disclosed in a regulatory filing with the Securities and Exchange Commission (SEC) that it has accumulated 57,975,456 shares of PSX, representing more than a 10% stake in the company. The SEC filing shows the investment firm had been aggressively buying PSX shares since Wednesday of this past week
PSX recently reported second quarter 2015 adjusted earnings of $1.0 billion or $1.83 per share. The company generated $1.4 billion of cash from operations during the period
PSX is a diversified energy manufacturing and logistics company. With a portfolio of Midst
|Two Notable Rallies: Big Lots (BIG) and Smith & Wesson (SWHC)
Shares of Big Lots Inc. (BIG) soared $6.58 (or +15.67%) to $48.58 on Friday’s trading session after the company delivered stronger-than-expected quarterly financial results driven by healthy comp sales growth and consistent execution across its business
For its second quarter fiscal 2015, Big Lots posted net sales of $1.21 billion, a 1.2% increase year over year, and non-GAAP net income of $20.4 million, or $0.40 per diluted share, exceeding its non-GAAP net income guidance range of $0.31 to $0.35 per diluted share for the quarter and also surpassing the Capital IQ Consensus Estimate of $0.34 earnings per share on revenues of $1.2
30 Aug 2015 01:39 | Breaking News, Stocks
Phillips 66 (PSX)
Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. disclosed in a regulatory filing with the Securities and Exchange Commission (SEC) that it has accumulated 57,975 ... | Read
31 Aug 2015 01:54 | Press Releases
TORONTO, ON / CRWEPRESSRELEASE / August 31, 2015 / The Canadian Bioceutical Corporation (TSX Venture:BCC) (“BCC” or the “Company”) announces today its financial results for the ... | Read
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The latest stories from the World section of the BBC News web site.
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