He may be retiring in December, but the 'Sage of Omaha' still has one or two more tricks up his sleeve and investors are still curious to know which shares Berkshire Hathaway (BRK.B:NYSE) has been buying and selling this year. In the group's latest SEC filing, Berkshire was a net seller of US stocks to the tune of $1.5 billion in the first quarter, unloading $4.7 billion-worth of shares in...

Although we previewed this Friday's upcoming first-quarter results (11 April) from the world's largest bank JPMorgan (JPM:NYSE) in last week's magazine, these days an awful lot can change in markets in the course of a week. Previously, chief executive Jamie Dimon had been upbeat about the outlook for the bank, claiming businesses were more optimistic about the economy thanks to president...

Billionaire hedge fund manager Bill Ackman is not the shy, retiring type who shuns publicity, so when he announced plans to launch an IPO (initial public offering) of a new closed-end fund on the New York Stock Exchange touting a $25 billion valuation it seemed natural to believe he could execute his bold plan without any hiccups.After all, the proposed vehicle would mirror an existing...