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Warren Buffett, the successful investor and founder of Berkshire Hathaway, recently stated that he and vice chairman Charlie Munger focus on selecting businesses rather than individual stocks.
Angelo Gordon & Co is raising a new fund to invest in corporate-debt securitie. saying it believes worry over default has created screaming deals in the bond market.
NEW YORK - Serta Simmons Bedding, which accounts for nearly one-fifth of United States bedding sales, has filed for bankruptcy protection in an effort to eliminate most of its debt, as the slowing economy and rising interest rates crimp consumer demand. The company, whose roots date to 1870, filed for Chapter 11 protection from creditors on Monday (Jan 25) night.