Warren Buffet, CEO of Berkshire Hathaway (NYSE:BRKB), now says that holding large reserves of cash for a long time is not sensible. He also told CNBC that a “logical dividend policy” will be discussed in next year’s annual report.
UBS (NYSE:UBS) wants to sell its collateralized debt obligations assembled in 2007, during the current week. The instruments carry a face value of $1.5 billion, and are connected to loans involving hotels, malls and skyscrapers.
Source: Wall St. Cheat Sheet
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