Which company am I talking about? First, let's look at the business we all think about whenever we hear the word "Amazon" -- and that's e-commerce, which is a growing market. Amazon will account for about 37% of U.S. e-commerce sales this year, the data shows. Read More...
TheStreet.com
What Did Warren Buffett See in Occidental That Carl Icahn Missed?
Berkshire Hathaway ( ) purchased another 9.6 million shares of Occidental Petroleum ( ), increasing the behemoth’s total stake to 16.3% as oil prices remain volatile. The Berkshire conglomerate, run by billionaire Warren Buffett, said it spent $530 million acquiring the shares of the oil company, whose stock rose by 1% following the announcement, but had fallen by 13% during the past month, according to a regulatory filing. Berkshire now owns 152.7 million shares, worth about $8.52 billion.
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