According to Reuters, Berkshire Hathaway (BRK) has bought control of Marmon Industries for $4.5 billion.
Reuters writes that US retail sales were up a disappointing 3.6% for the holidays.
Reuters reports that China auto companies SAIC and Nanjing Auto will merge.
The Wall Street Journal writes that the credit crunch is beginning to hit commercial real estate prices.
The Wall Street Journal writes that Moody’s has downgraded one of the BlackRock institutional funds to "junk" status.
The Wall Street Journal reports that Docomo (DCM) will provide Google (GOOG) services on its phones in Japan.
CNN Money reports that the best performing stocks in the Dow for 2007 have been Merck (MRK) and McDonald’s (MCD). In the Nasdaq 100, amondg the winners are Baidu (BIDU), Research In Motion (RIMM) and Amazon (AMZN). Among the Dow losers are Citigroup (C) and Home Depot (HD). Among the Nasdaq losers are Level 3 (LVLT) and Starbucks (SBUX).
Douglas A. McIntyre
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