Investment News – John Heinz, BMO Capital Markets, S&P, David Einhorn, Buffett, Brazil’s 3G team up for billion Heinz buyout
(Reuters) – Warren Buffett and Brazilian financier Jorge Paulo Lemann are teaming up to buy ketchup maker H.J. Heinz Co for .2 billion, in what could be the first step of a wave of mergers for the food and beverage industry.
Why Value, Not Growth, Is the Smart Strategy: BMO’s Belski
Brian Belski, the chief investment strategist at BMO Capital Markets, says the growth strategy that has worked well in the market for the past few years might need to be traded in for 2013. Speaking to Matt Nesto, Belski says that, longer term, “we think that there’s a transition out of growth strategies into value strategies.”
Dow, S&P close at 5-year highs
The Dow and S&P 500 gained to finish at five-year highs in choppy trading Tuesday, ahead of President Barack Obama’s State of the Union address later this evening.
Apple CEO Calls Tiff with Einhorn over Preferred Stock a ‘Sideshow’
Apple CEO Tim Cook called David Einhorn’s lawsuit against his company a “sideshow” but said on Tuesday the board is carefully considering the star hedge fund manager’s proposal to issue preferred stock, calling it “creative.”