Some of the more interesting and important items for May 1st :
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- Caterpillar’s Profit Soars on Mining Equipment Sales – WSJ.com – Caterpillar Inc. posted a first-quarter profit that was more than five times the depressed year-earlier result and raised its 2011 outlook on surging global demand for its mining equipment and a budding U.S. recovery for its construction machinery.
- Caterpillar’s Profit Soars on Mining Equipment Sales – WSJ.com – Caterpillar Inc. posted a first-quarter profit that was more than five times the depressed year-earlier result and raised its 2011 outlook on surging global demand for its mining equipment and a budding U.S. recovery for its construction machinery.
- NFL Draft Live Blog and Twitter Dashboard – WSJ.com – Follow the NFL draft with live updates from Wall Street Journal reporters and analysis via Twitter of NFL and college football reporters from around the country.
- Stem Cell Ban Overturned; StemCells Stock Jumps – Stocks To Watch Today – Barrons.com – The federal government can pay for research using human embryonic stem cells, an appeals court ruled today. A Washington DC district judge had issues an injunction halting the funding in 2010.
- Do Bulls Need More Encouragement? – Barrons.com – A couple of years ago, as the markets were trying to shake out the cobwebs of the recession and financial crisis, there was a chart in wide circulation that kept a lot of folks out of stocks.
- Silver fever is about to break, and break badly Howard Gold’s No-Nonsense Investing – MarketWatch – On Monday, silver closed near $50 an ounce, just below where it stood when the Hunt brothers tried to corner the market back in 1980 (although it’s way below that record when prices are adjusted for inflation). On Thursday, it briefly touched a record high at $49.52 an ounce before falling back. Gold extends record run, silver gains 3.4%.
- 2011 Infiniti M56: Luxury outside the German box Car Review – MarketWatch – DAMASCUS, Md. (MarketWatch) — If you have $70,000 sitting in the bank, would you want a car that is mainstream rich, such as a BMW 5-series, or a Mercedes-Benz E-class?
- German government experts see Greece restructuring debt | Reuters – (Reuters) – Two German government advisers see a debt restructuring by Greece as inevitable while two of the overborrowed country's ministers continued to rule it out in newspaper interviews on Saturday.
- Berkshire Net Tumbles More Than 50% to $1.51 Billion on Catastrophe Costs – Bloomberg – Warren Buffett’s Berkshire Hathaway Inc. said first-quarter profit fell 58 percent as catastrophes led by Japan’s earthquake last month caused an underwriting loss at the company’s insurance units.<br />
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Net income dropped to $1.51 billion from $3.63 billion the same period last year, Berkshire said today in a statement. Natural-disaster losses exceeded $1.6 billion. Operating earnings declined 28 percent to $1.59 billion from $2.22 billion. Buffett, 80, is Berkshire’s chairman, chief executive officer and largest shareholder. - Buffett Faults Sokol, Takes Blame for Not Pressing Him on Trades – Bloomberg – David Sokol broke Berkshire Hathaway Inc.’s ethics rules by investing in a company as he pushed for its takeover, according to Chairman Warren Buffett, who said he regrets not pressing Sokol earlier for details.