Always about money melissa straight to the back room story tonight. The whispers are focused on the biggest wall street titan of them all, Warren Buffett. The oracle of omaha himself. He is known for not micromanaging companies he buys but insiders are warning that his 29yearold protege, tracy britt is stirring the pot at benjamin more owned by Berkshire Hathaway of the it is all the word on wall street. Here with the juicy details, the wall street journal ahead of the tape columnist, Spencer Jacob and jonas fax ferris. Welcome to both of you. This is unusual situation for buffett. He is very hands off when he buys this company. Now he has the young woman who has gone inside the company and is representing him, abruptly you see the ceo quit. Pretty much after very short tenure. There is lot of buzz about it. What is going on . We dont really know what is going on because it is not a very transparent company. Berkshire hathaway is not transparent in a sense what is going on in the back
Always about money melissa straight to the back room story tonight. The whispers are focused on the biggest wall street titan of them all, Warren Buffett. The oracle of omaha himself. He is known for not micromanaging companies he buys but insiders are warning that his 29yearold protege, tracy britt is stirring the pot at benjamin more owned by Berkshire Hathaway of the it is all the word on wall street. Here with the juicy details, the wall street journal ahead of the tape columnist, Spencer Jacob and jonas fax ferris. Welcome to both of you. This is unusual situation for buffett. He is very hands off when he buys this company. Now he has the young woman who has gone inside the company and is representing him, abruptly you see the ceo quit. Pretty much after very short tenure. There is lot of buzz about it. What is going on . We dont really know what is going on because it is not a very transparent company. Berkshire hathaway is not transparent in a sense what is going on in the back
Starter the year. Susie how about in terms of ad sales. On the call, they said that google is running on firing on all cylinders, to quote them. Can google build on that momentum . Yes. I mean if you look at their positions and other major geographies, and the fact that theyre handling the transition to mobile search fairly well, it seems like theyre in pretty good shape. One thing i point out is that the cost per click, which is metric, which a lot of investors have focused on, was down again in the Fourth Quarter, but the declines have gotten better in each of the past threequarters. Down 4 if you exclude currency in the third quarter, and down 12 if you look two quarters ago. That should help them with their momentum in 2013. Susie you mentioned mobile, and is there anything more about googles mobile strategy, and have they figured out a way to really ca capitalize on google mobile searches . Mobile is helping the volume of searches theyre getting. Their average clicks were up over
Starter the year. Susie how about in terms of ad sales. On the call, they said that google is running on firing on all cylinders, to quote them. Can google build on that momentum . Yes. I mean if you look at their positions and other major geographies, and the fact that theyre handling the transition to mobile search fairly well, it seems like theyre in pretty good shape. One thing i point out is that the cost per click, which is metric, which a lot of investors have focused on, was down again in the Fourth Quarter, but the declines have gotten better in each of the past threequarters. Down 4 if you exclude currency in the third quarter, and down 12 if you look two quarters ago. That should help them with their momentum in 2013. Susie you mentioned mobile, and is there anything more about googles mobile strategy, and have they figured out a way to really ca capitalize on google mobile searches . Mobile is helping the volume of searches theyre getting. Their average clicks were up over
Program perhaps as start, quickly. We didnt get into that specific detail in this meeting. I think that will clearly come up in the ensuing discussions over the next few weeks. I think from a timing standpoint this is an issue that a lot of people can get around and i think its possible to have this type of comprehensive legislation literally over the next few months. David greg brown. Great to see you. Thanks for coming in. Liz motorola solutions. We love that perspective. Money with Melissa Francis is up next. David well see you tomorrow. Im Melissa Francis and heres whats money tonight. Reducing the deficit through Immigration Reform. How did it work . President obama held meetings today with top ceos and labor leaders. We have all the latest details. Plus the Justice Department body slammed Standard Poors alleging it defrauded investors over Mortgage Securities rating. Is s p cooked . John eagan, ceo of eagan jones Rating Company joins us exclusively to react. The entire electronic