As many attorneys, CPAs, and other licensed professionals know all too well, business happens over the weekend. Here’s a recap of the first weekend in November’s biggest business and legal happenings:
Warren Buffett’s Berkshire Hathaway reported a smaller third-quarter profit after losing more than $2 billion on derivatives related to stock market performance.
Shares of Groupon, the daily deal site, posted solid gains on their first day of trading, boding well for offerings by Internet start-ups later this year and in 2012.
BP’s sale of Pan AMerican energy stake fell apart, but BP stated that the collapse of the agreement should have little significant effect on its financial health.
Pimco Total Return Bond Fund (the $244 billion fund), which is having its worst run this year since at least 1995, regained its spot among top bond funds last month as investors returned to riskier assets.
On Forbes’ list of the world’s most powerful people, Facebook CEO and founder Mark Zuckerberg falls AT #9 — somewhere between the pope and Warren Buffet. Not bad for a college drop out.
Delphi Automotive, the parts supplier that emerged from bankruptcy two years ago, plans to sell about 24.1 million shares at $22 to $24 apiece in its upcoming initial public offering.
Best Buy pays $1.3 Billion for cellphone business Carphone Warehouse of Britain.
According to the Bureau of Labor Statistics, 400 new jobs were added to the legal industry last month.
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