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Wayne Ellis

Fiat to Buy Chrysler for Pennies on the Dollar

Just as the “ink” was drying on the previous story, an update arrived saying that Italian automaker Fiat has agreed to take full ownership of Chrysler Daimler AG.

Buffett Places Third Bet on U.S. Oil Transport

Warren Buffett has plunked down $1.4 billion worth of Berkshire Hathaway (BRK-A) shares in exchange for full ownership of Phillips 66 (PSX), a pipeline services business.

364 Days until the Next Santa Rally Begins?

This year’s Santa Claus rally prodded the Dow Jones to its 50th record high of the year at 16,370 yesterday; the S&P 500 to a new high of 1,834.96 and even the Nasdaq to a 13-year high of 4,164.21.

France to Tax Social Media Sites

France’s Superior Audiovisual Council (CSA), the audiovisual regulator for the country, claims that video-sharing websites such as Facebook and YouTube should be subject to taxes.

GM to Recall 1.46 Million Cars in Chinese Market

GM to Recall 1.46 Million Cars in Chinese Market (Reuters) One day after both Volkswagen AG and General Motors announced they would surpass 3 million cars sold in China this year, with Volkswagen leading by some 70,000 units, GM’s Chinese business affiliate, Shanghai General Motors Co Ltd., reported plans to recall 1.46 million cars because of […]