U.S. News

With Heinz, American Airlines, and Dell, Big Deals Are Back

Acquisitions pick up as the Great Recession becomes history. Warren Buffett isn’t the only investor with a loaded elephant gun. The Oracle of Omaha has spread some cheer among investors with his plan to buy food company H.J. Heinz for $28 billion. The deal, on which Buffett’s holding company Berkshire Hathaway will partner with Brazilian private-equity firm 3G Capital Management, ...

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Where Have All the Foreclosures Gone?

A sign is seen in front of a foreclosed home in Miami, Fla., Sept. 16, 2010. Not long after the national mortgage settlement was announced, I warned clients that the training wheels would come off and foreclosures would ramp up again. Now foreclosure information firm RealtyTrac has confirmed that fact in its latest report, which shows that in 2012, foreclosure ...

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Ted Cruz Will Be Closing Speaker at CPAC

Ted Cruz speaks at the Republican National Convention in Tampa, Fla., Aug. 28, 2012. Whispers has learned that Sen. Ted Cruz of Texas will be the closing speaker at the Conservative Political Action Conference this March, an annual political conference that draws more conservatives than any other event in the country. Last year, former Vice Presidential candidate Sarah Palin won the coveted ...

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Most Pressing Question at Guantanamo: When Will it End?

A detainee walks across a recreation ground inside the U.S. military prison for ‘enemy combatants’ in Guantanamo Bay, Cuba, Oct. 27, 2009. GUANTANAMO BAY NAVAL STATION, Cuba—The hearings at Guantanamo Bay this week are going “painfully slow” in the words of one civilian observer, with what is usually a complicated legal process further bogged down by accusations of government wiretaps. ...

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How Airline Mergers Saved an Industry—and May Even Benefit Fliers

A US Airways jet takes off as an American Airlines jet is prepped for takeoff at Sky Harbor International Airport in Phoenix, Ariz., June 23, 2008. In the airline industry, the “turbulence” puns never seem to end, because there’s always something that rattles the big carriers and shakes up the business. But if the U.S. Airways–American Airlines merger goes forward ...

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