Financial markets showed some signs of stabilizing Wednesday as investor Warren Buffett’s $5 billion bet on Goldman Sachs Group Inc. renewed confidence that U.S. financial firms will survive the credit crisis. Stock futures pointed to a higher opening, although the credit markets, waiting for further news on the government’s bank rescue package, were still restrained.
Buffett’s Berkshire Hathaway Inc. said Tuesday it was investing at least $5 billion in Goldman — a move Wall Street took as strong sign of support for the independent investment bank model.
Besides buying $5 billion in preferred stock, Berkshire also got warrants to buy another $5 billion in Goldman’s common stock. Goldman also said late Tuesday it would raise another $2.5 billion in its own public stock offering; the company and Morgan Stanley earlier this week were granted approval to become bank holding companies, which would help them strengthen their balance sheets.
damn!!!!! 5 billy!!! plus Buffet’s company is going to get another 5 bill to invest in Goldman’s common stock!!! damn!!!!!
Stocks pointed higher on Buffett-Goldman deal – Yahoo! News
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Android – Gizmodo
Hands-On With T-Mobile G1 Android Phone
We just got an early hands on with T-Mobile’s G1 Android and yes, it does look as nice as it does in the photos. The screen is fantastic, and it’s actually not as chunky as it looks, but it’s definitely not iPhone-skinny. You can see the Sizemodo here, and we’ll have even more details and a more in-depth hands-on in a bit.
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