News / Business
Speak with other shareholders about: (OTC: EBIG), (NYSE: BRK-A), (NYSE: DCX), and (NYSE: TM) .
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Last week, EastBridge Investment Group Corporation (OTCBB: EBIG) received a rating of "Buy" with a price target of $0.51 by Equity Stock Analysis (ESA). The report is authored by Senior Research Analyst, Kris Gupta, CFA. The full report is available at http://www.equitystockanalysis.com. In the report Mr. Gupta writes, "EastBridge Investment Group focuses on small to medium-size high-growth companies in China and India offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bio science, food and retail distribution.
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Billionaire Warren Buffett's holding company Berkshire Hathaway Inc. (NYSE: BRK-A) reported Friday that its net income jumped nearly 33 percent during the second quarter because of strong performance from its insurance division. Berkshire said it earned $3.1 billion, or $2,018 per Class A share during the quarter which ended June 30. That's up from $2.3 billion, or $1,522 per share, last year. Berkshire said its companies and investments generated $27.3 billion in revenue for the quarter, up from $24.1 billion in the same period a year ago. Berkshire's insurance business generated nearly $6 billion in premiums during the quarter, up from $5.8 billion a year ago.
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Chrysler became an American company again Friday as Cerberus Capital Management gained a controlling share from Chrysler's German owners and started on the long road to restoring the 82-year-old automaker's luster -- and profits. DaimlerChrysler AG (NYSE: DCX) transferred an 80.1 percent stake in Chrysler to New York-based Cerberus, one of the world's largest private equity firms, in a $7.4 billion deal. The German automaker retained a 19.9 percent interest in the new company, Chrysler LLC. "After months of uncertainty, then a period of transition, we are beginning a new chapter in Chrysler's proud history -- and we have the chance to write a terrific story," Chrysler Chief Executive Tom LaSorda said in an e-mail to employees.
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Booming sales of fuel-efficient cars helped lift Toyota to its biggest quarterly profit and put the maker of the Prius hybrid on pace to beat General Motors as the world's No. 1 automaker this year. Despite concerns in the industry about sluggish auto sales in the U.S. and Japan, Toyota Motor Corp. (NYSE: TM) got help from a weak yen and cost cuts in its earnings announced Friday for its first fiscal quarter. Japan's biggest automaker posted a 32.3 percent jump in profit to 491.54 billion yen ($4.1 billion) for the April-June quarter. Surging gas prices have proved a big plus for Toyota as drivers flock to its fuel-efficient models, including the Camry, the best-selling model in the U.S., and the Prius gas-electric hybrid.
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As the saying goes...follow the money!
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Release date: 06 Aug 2007
