Rolls-Royce Motor Cars sold 12% more cars on last, 4,063 cars.

Rolls-Royce Motor Cars, for the first time in it's 111 year history broke the 4,000 mark and sold a record number of cars last year. There was a third increase in sales in the US, about 40% in Europe and 20% in Middle East.

Rolls-Royce Motor Cars sold 12% more cars on last, 4,063 cars.

It is owned by Germany's BMW with 200 new permanent jobs over the past 18 months and it has about 1,500 people employed.

Its Wraith model and new Ghost Series II boosted it's performance.

The firm claimed that it sold more cars worth more than €200,000 compared to it's rivals.

It said,"A record number of customers spent personal one-on-one time with Rolls-Royce's Bespoke design consultants commissioning their personalised vehicles."

Chief executive Torsten Muller-Otvos told that about 80% of its buyers were business owners and entrepreneurs.

He highlighted that there is"balanced global sales picture."

He even said that the company is looking forward to create a 4WD- SUV vehicle.

AirAsia Stock tumbles Most Since 2011 After Flight disappears

After the Malaysian budget carrier’s flight QZ8501 vanished en route from Indonesia to Singapore, AirAsia Bhd. (AIRA) shares slided the most in three years. The stock tumbled about 13% to 2.56 ringgit prior to the closing of 8.5 percent lower in Kuala Lumpur. The trading volume of it's shares are amounting to about 14 times the three-month daily average. While shares were cut to a trading sell from buy at Hong Leong Investment Bank Bhd., it lowered its price target to 2.64 ringgit from 3.15 ringgit. AirAsia X Bhd. (AAX), the long-haul arm of AirAsia then fell 8 percent.

Indonesia and three other nations are searching for the Airbus Group NV (AIR) A320 single-aisle plane that disappeared yesterday off the coast of Borneo. There were 155 passengers and seven crew on board. In March there was unresolved disappearance of Malaysian Airline System Bhd. (MAS)’s Flight 370 and now AirAsia Bhd is facing the same fate.

The flight was out of reach from airport controllers at 7:24a.m. (Singapore time) on Sunday.

An investment manager,Samsung Asset Management Co. in Hong Kong, Alan Richardson said, “The AirAsia incident is worrying. Investor sentiment toward Malaysian aviation has been hurt by the unfortunate incidents.”


On March 8, Malaysian Airline’s Flight 370 disappeared from radar screens en route to Beijing from Kuala Lumpur.  Authorities called it a deliberate act. There were no leftovers of the missing passenger jet.The stock tumbled down by 18 percent to a record low in its first day of trading after the flight went missing.

AirAsia shares had raised 34 percent in the 12 months through Dec. 26. The relative strength index of the stock rose to 74. The relative strength index above the 70 level signals that declines may be imminent to some investors.

There was a decline in company's net income. It was 5.4 million ringgit ($1.5 million) in the third quarter, lowered down by foreign-exchange losses. There was increase in annual earnings by 38 percent for 2014.

According to  AviationSafetyNetwork, AirAsia is the region’s biggest budget airline. It had no fatal crashes in its history of more than a decade of operations.

With oil, Dow, Nasdaq and S&P are down.

Crude prices are lowest in more than five years. Now it's below $58 a barrel.

The Dow had a toughest weekly performance in more than three years. It faced a 3.8% loss with 3000 points this week.The S&P 500 also faced a tough week. It was down more than 3.5% for the week, biggest drop since May 2012.  The Nasdaq got a 2.7% drop.


All analysts  and investors are searching answer of:

is this a pullback of 10% from recent highs?

Even though market volatility has returned in the second half of the year, investors seem to be scared again. The market started to slide down from mid-September through mid-October before staging a sharp rebound. It fostered the Dow to hit a new all-time high just a week ago due to strong U.S. jobs report.

Still, many investors were predicting that the Dow would soon top 18,000 for the first time. And with the course of events, there was a sharp sell-off in oil and it changed everything. Crude prices are lowest in more than five years. Now it's below $58 a barrel. This initiated slide in energy stocks.
Not only oil other stocks also went down. Verizon (VZ, Tech30) fell 1% Friday and is now down 6% this week. Smaller telcos Windstream (WIN) and Frontier (FTR) were laggards in the S&P 500.

In a greater perspective, phenomenon of depletion on the oil price is spreading in other sector too. Yet, investors are still searching for silver lining in the market. 

HSBC does not have head of European forex trading

HSBC does not have head of foreign exchange trading for Europe, Middle East and Africa.
The bank was fined $618m (£393.8m) by regulators in connection with traders' attempted manipulation of foreign exchange rates a month ago.

HSBC told that "does not tolerate improper conduct and will take whatever action is appropriate"  at that time..

Almost 40% of the world's dealing is estimated to go through London.
Among six banks collectively fined by UK and US regulators following a 13-month investigation by regulators into claims that the foreign exchange market - in which banks and other financial firms buy and sell currencies between one another - was being rigged, HSBC was one of them.


There were even clear evidence that certain foreign exchange traders at the banks had co-ordinated their trading with one another to attempt to manipulate benchmark foreign exchange rates. Forex has huge market with $5.3 trillion worth of currencies.

AT&T's expansion, future seems promising.

AT&T acquired Iusacell SA and Direct TV this year in order to expand itself into mexico. AT&T has settled for more than $50 billion to buying Mexican wireless carrier Grupo Iusacell SA and DirecTV.
AT&T  is providing it's services in bundle wireless, TV and broadband services south of the U.S. border. The best part is that the Iusacell business AT&T is getting benefits as long as America Movil faces penalties.

Gregorio Tomassi, an analyst at Banco Itau BBA said,“AT&T is in no rush to buy America Movil’s assets in the short term.” He added, “America Movil is seeing the situation is becoming more difficult than they had initially thought.”

AT&T, SoftbankCorp and China Mobile Ltd were originally contacted by American Movil. It was trying yoi sell more than $17.5 billion.AT&T spokes person is not trying to say anything about Korean visit.

AT&T agreed to pay $48.5 billion for DirecTV, including its Latin American business, expanding outside the U.S. for the first time in a decade. It then agreed to buy Iusacell, Mexico’s third-largest wireless carrier, for an equity value of $1.8 billion.

There was AT&T's announcement on Nov 7 to extend their presence in Mexico to improve AT&T.

AT&T was searching for new area to operate and new business. The $176 billion U.S. phone giant has been seeking further expansion to meet increased competition and slowing wireless growth at home. Randall Stephenson, Chief Executive Officer, initially targetted Europe but shifted back to the Americas after Comcast Corp. announced plans to buy Time Warner Cable Inc.

When Mexico signed a telecommunications over haul into law, competion on telecommunication was emphasized. It forces America Movil to cut its fees and share infrastructure with its competitors because it controls seven out of 10 mobile-phone users in the country. Even without legislation, AT&T mus expand to cope with the changes in the environment.

For Stephenson, the timing and structure of America Movil’s breakup isn’t clear yet and that his phone company would be just fine without Slim’s assets.

America Movil is raised by 4.9 percent this year as of yesterday.

Apple after Steve Jobs worth $700 billion

Apple (AAPL, Tech30) seems to have flying colors when it comes to the world's most valuable companies. Apple is the king among them. Now, it's worth is $700 billion after its stock hit a record high on November 25,2014. It is $300billion more than the second most valuable company, Exxon Mobile (XOM).

Tim Cook seem to be a terrific CEO and strongly living the dream of Apple' founder, Steve Jobs.
At present Apple is double of Google's (GOOG) worth. His leadership and ability which were doubted, now it seems the CEO's limits are far more than expected.


Apple's shares are up by 50% to be around $150 per share, all time high. This was supported by the introduction of  Apple's iPhone 6 and iWatch and mobile payments platform Apple Pay. Further more investors are easily accepting such high price for the company because of the buybacks and steady dividend payments. But as always, many believe the stock will continue it's historic run.
According to FactSet, three quarters of analysts give Apple a  "buy."

Apple did a 7-for-1 stock split in June, so investors who recall when Apple hit $700 a share in September 2012 can think of the current price as $838.

Within the S&P 500 index, Apple  inc. (NASDAQ:AAPL) does not break records for market cap size in terms of valuation. Microsoft Corporation (NASDAQ:MSFT), at its peak, accounted for almost 5% of the total index value, while International Business Machines Corp. (NYSE:IBM) accounted for 6% in the 1980s. Currently, Apple has a weighting of less than 4% in the index because the S&P 500 has risen to record levels. In addition to that,Apple currently trades at a price-to-earnings ratio of 18, compared to 72 for Microsoft at its peak. It even underwent stock split. Apple did a 7-for-1 stock split in June, so investors who recall when Apple hit $700 a share in September 2012 can think of the current price as $838.

According to legendary investor Carl Icahn, the stock could be worth $203 a share. That would value it at over $1 trillion. That means it should rise 70% more than from their current price.

Apples's share must rise by 43% from current market price in order to reach that record-breaking milestone.

Juniper Networks Inc. (JNPR) is paying $14.5 million to new CEO Rami Rahim

According to a filing, Rami Rahim, new CEO of Juniper Networks Inc. (JNPR) is getting a compensation package totaling about $14.5 million.

According to that filing, Rahim will be paid an annual salary of $1 million, $5million restricted shares,  a target bonus of as much as $1.75 million, an equity award valued at $6.75 million and $5 million in restricted shares.

Shaygan Kheradpir is Rahim's predecessor. He is earning an almost identical package to his predecessor, who stepped down on Nov. 10. Kheradpir was also eligible for a $5 million signing bonus.


After Kheradpir was pulled down, Rahim was appointed CEO earlier this month after Kheradpir stepped down following a board review of his conduct related to a customer negotiation. Rahim, 43, joined Juniper in 1997 and has helped develop some of its key products. He has won praise as a technologist who knows Juniper’s products well.

Juniper seems to tackle  numerous challenges this year, including executive shifts and activist pressure amid shrinking revenue. Kevin Johnson was replaced in January and that same month, activist hedge fund Elliott Management Corp targeted Juniper. The company bowed to Elliott’s pressure for cost cuts and share buybacks, unveiling plans to return at least $3 billion to shareholders and to reduce $160 million in expenses.

Discount Investment Shares, Bonds seem too risky to invest

Shares and bonds of Discount Investment Corp. (DISI) are sliding downwards because investors are questioning that the holding company may struggle to repay debt after an IPO of a subsidiary was pulled by the company.

Discount’s 2.8 billion shekels ($725 million) bonds due  Dec. 2025 got the yield of 4.95 percent and it raised 1.3 percentage point to 7.39 percent, the highest this year. But its stocks plunged 24 percent to 9.50 shekels. This means that they have dropped 62 percent this year. On the other hand, shares of parent IDB Development Corp. dropped to 2.135 shekels, which is 17% down.

The world's largest generic agro-chemicals,Adama Agricultural Solutions Ltd. failed to make agreement with investors on pricing. Then it postponed an initial public offering. Currently, Discount has 40 percent of Adama. However, IDB seems to wait for a successful IPO to inject value into the company and refinance debt. IDB has Argnetine businessman Eduardo Elsztain and Moti Ben-Moshe. After Nochi Dankner failed to bring in investors for the company to repay debt, he stepped down.
Yaniv Pagot, chief strategist for Israel-based Ayalon Group Ltd, said,“The company has enough cash to repay debt comfortably till 2016, but what will happen once that cash ends, from 2017 onwards?”
He added that Discound could have used valuation of Adama as collateral to refinance debta and raise additional funds by selling shares in a secondary offering.

At the end of June, Discount had cash and cash equivalents of 1.86 billion shekels and according to the second-quarter result, it had net debt of 3.4 billion shekels.

Berkshire's earnings takes hit, but Buffett is still surpassing the expectation

Buffett’s personal wealth notched up by about $55 million

Berkshire Hathaway (BRKA) had a huge hit on earnings during the third quarter. Even then the earnings were better than anticipated. The investment company took a massive $678 million charge for its investment in Tesco (TESO). Tesco admitted to overstating its profit forecasts.

Berkshire A shares hit a new 52-week high. It crossed the $200,000 mark for this first time this summer and finished regular trading Friday at $214,970 a share. Later it hit $215,925 in intra day trading. On the other hand, Berkshire’s B shares finished the day up slightly at $143.61 and raised few cents higher after the bell. They are worth 1/1500th of their pricier counterparts and they were flat in after-hours trading.


The portfolio of Berkshire is still ahead for the year. It earned $4.6 billion, or $2,811 per Class A share during the third quarter. There was expectation operating earnings of $2,593.85 per Class A share.It's down by 8.6% from the same period last year, that's better than Wall Street 's expectation. Operating profit rose to $4.72 billion, or $2,876 per class A share, from $3.66 billion, or $2,228 a class A share. Revenue rose to $51.2 billion from $46.5 billion. Profits for the first nine months of the year are more better than that of 2013. Next quarter is not expected to go well. Berkshire lost big money late last month on shares of Coca-Cola (KO) and IBM (IBM, Tech30). These companies delivered disappointing earnings.The investment firm took a $1 billion hit on Coke (KO), which fizzled 6% after the company reported earnings that didn't live up to expectations of investors. Worsening the situation, Coke said it doesn't expect a much better 2015.

Berkshire Hathaway's one of the largest investment is Coke. It holds 400 million shares and his son Howard sits on the beverage company's board.

IBM (IBM, Tech30), another top holding, caused Warren Buffett a loss of $1.3 billion as the stock plunged. The company is looking for a revitalization after reporting disappointing earnings and shedding its chip unit at a major loss.  Buffett's company, Berkshire Hathaway holds over 70 million shares.

Today's Range	142.87  -  143.99		EPS Due Date	3/3/2015 Est
52-Week Range	108.12  -  143.99		EPS % Chg (Last Qtr)	29%
Price % Chg. YTD	21.13%		3 Year EPS Growth Rate	14%
Price % Chg. Last 4 Weeks	4.76%		EPS Est % Chg (Current Yr)	7%
50-Day Avg. Volume	3,784,400		Annual ROE	7.39%
Shares Outstanding	1181.9 Mil		Sales % Chg (Last Qtr)	10%
Float	1170.0 Mil		3-Year Sales Growth Rate	12%
IPO Date	N/A		Debt %	33%
Investment Bank	Salomon Smith Barney		Market Cap	$354.22 Bil
% Mgmt Owns	0.4%		Profit Margin	12.1%
PE Ratio	22		Sector	Misc
Dividend Yield	NONE		Industry Group Rank	77
Alpha	0.03		Industry Group	Diversified Operations
Beta	0.92

Nissan has reported a 25% increase in half-year profits

Nissan reported net income of 237 billion Japanese yen($2.08billion). It's 25% more in half-year profits. The Japanese car maker is supported by strong sales in North America and there are signs of stabilization in western Europe.
With £1.3bn net income, it said it had seen "strong demand" for its new products and there is rising sales in its key market of North America.

Nissan and other car makers in Japan have strong advantage due to weaker yen. This is making Japanese products cheaper when they are exported. The yen depreciated after Friday's surprise decision from the Bank of  Japan to expand it's stimulus measure. The central bank is continuously attempting to boost economy and lift inflation in Japan.

The cost of Japanes goods sold abroad are affected by weaker yen. Nissan said that weaker yen would help to increase sales in China and some other nations. Nissan's chief competitive officer Hiroto Saikawa said that "all in all we think it is positive for industry and the economy".

At the beginning of this year, there was a 10% rise in Nissan's full-year profits which was made possible by increased sales, weaker yen and reduced cost.

Nissan's sales was up by 5.8% compared with the same period a year ago. It sold 2.58 million vehicles in the six-month period.

Carlos Ghosn said,"Nissan successfully overcame challenging market conditions in the first-half of the fiscal year, delivering solid revenues and profitability amid encouraging demand for our latest models."

"This offset slower demand in Japan and continued volatility in Russia and other emerging economies."

Nissan's sales is affected by a slowdown in China. It's the worlds largest car market. In addition to that Japan's consumers are still recovering from a sales tax hike in April. While things are going on it's way Nissan revised its full-year sales forecast down by 200,000 to 5.45 million reflecting lower than expected sales in China and other new markets.

Today5d1m3m1y5y10y

52wk high:20.27

52wk low:16.45

EPS:N/A

PE (ttm):N/A

Div Rate:N/A

Yield:N/A

Market Cap:42.07b

Volume:140,668

Alibaba's(BABA,Tech30) Rise after it's IPO

Alibaba's initial public offering on September 19 might just have been the top for the bull market-some expert decleared.Now, Stocks have jumped back to the show after solid earnings reports. The Dow & S&P 500 both hit all-time closing highs on Friday and Alibaba (BABA,Tech30) was leading the way.

Alibaba's(BABA,Tech30) stock raised 7% from its first day closing price and more than 20% above its post-IPO low point. There was a 3% price up on Monday. That was a new high. That Monday's rally made Alibaba worth more than Wal-Mart (WMT).

Alibaba worth more than Wal-Mart (WMT)

It's been always anticipated to be a part of bull market appreciation. Now, Alibaba has a chance to prove that valuation at the time of IPO are still valid and can be justified. The company will release its first earnings report since its IPO on Tuesday morning. Analysts are expecting high.

The estimation of about $970 million or 44 cents a share are being expected according to FactSet. It would be an increase of 20% in comparison to last year. There is estimation of 45% sales growth, $2.6 billion according to Wall Street. 

Stocks of Alibaba are doing well. It surged 38% on the first day of trading. The expectations are extremely high. Alibaba seems to be likely to beat earnings and revenue estimations. This will justify the stock price. Analysts will be specifically interested in knowing how strong Alibaba's mobile business is.

There is trading of shares at about 45 times earnings forecasts for the current fiscal year that ends in March.

Alibaba is given $110.32 consensus price target by Wall Street and it's been anticipated to go further more if report is strong. It has a market value of $250 billion, is also worth more than American online retail giants eBay (EBAY, Tech30) and Amazon (AMZN, Tech30).

There is  Alibaba-Amazon comparisons being made after Alibaba made decision to go public.

Microsoft ends retail sales of Windows 7 and 8

The next version of Windows, called Windows 10, is due to be released in late 2015.

The retail sales of Windows 7 and 8 has been officially stopped by Microsoft. Microsoft is taking this action to attract customers to more recent versions of it's product. The conclusion is made strong by statistics suggesting people are finally moving away from some very old versions of Windows. There  is anticipation of people adopting new version of Windows. The next version of Windows, called Windows 10, is due to be released in late 2015.

This decision might even affect the market share of the company. Even though the straight estimation of users adapting new version seems promising, there's still chance of decrease in over all sales and revenue collection till the operating period.

After Q1 report it railed up and now decision to stop sales of Windows 7 and 8 seems attractive.

Consumers are not able to purchase copies of the Home Basic, Home Premium and Ultimate versions of Windows 7 from 31 October. Windows 8 is also no longer available. Copies bought in shops or loaded on PCs and laptops are also affected by the change. All the PCs will have Windows 8.1 as default version. It's current version of windows.

There are many PC makers and they have large stocks of older versions of Windows. So, immediate change might not occur in the market. They will be selling PCs with older version of Windows. There's still a way if you want Windows 7. Users will be able to "downgrade" from 8.1 to Windows 7 Professional and very few PC firms have this option.

Microsoft is trying to distance itself from the original form of Windows 8 even though it is released just over two years ago. Windows 8's original version was not able to live up customers expectation as it lacked some familiar elemets of the desktop version of the operating system.

Windows 7 has been available since late 2009 and is still very popular among users. About 53% of Windows users are on the various editions of Version 7 of Windows. The more recently released Windows 8 has only grabbed a 6% market share and has already been surpassed by 8.1.

Data from Netmarketshare suggests that in October this year users using Windows XP dropped from almost 24% to just over 17%. It is not yet clear what was behind the fall.

U.S. stocks fall as Fed ends 6-year effort to stimulate economy, Facebook down by 6.1%

The unemployment rate is now 5.9%, its lowest mark since QE began. There are over 8.5 million more people employed now than in November 2008, according to the Bureau of Labor Statistics

Federal Reserve confirmed that it will end it's asset-purchase program due to stable growth path of U.S. economy. It caused stocks decline in U.S.  The decision provides a strong base on how much the economy has improved since the recession. This decision ignited a down rate in U.S. stock market.

Facebook dropped 6.1 percent to $75.86, the most since March. 

Facebook Inc. predicted the slowest revenue growth since the first quarter of 2013 and it lost 6.1 percent after that prediction. Facebook dropped 6.1 percent to $75.86, the most since March. The owner of the largest social-media website projected fourth-quarter sales that missed the highest of analyst estimates. Facebook also said spending would increase 50 percent to 70 percent next year as the company hires more and invests in newer products.

The Standard & Poor’s 500 Index (SPX) slipped 0.1 percent to 1,982.30 at 4 p.m. in New York, trimming an earlier slide of 0.8 percent. The Dow Jones Industrial Average lost 31.44 points, or about 0.2 percent, to 16,974.31. About 7.3 million shares traded hands on U.S. exchanges.

"It's in response to the Fed acknowledging the improvement in the economy, the improvement in the labor market and the diminished risks on the inflation side of things," says Greenhaus. Dan Greenhaus is a chief strategist at market research firm BTIG in New York.

S&P 500 down 7.4 percent from an all-time high of 2,011.36 in mid-September through Oct. 15 because of huge concerns that Europe will be going into recession just as Fed bond buying ends. But there is still positive part as well.

60 percent of the S&P 500 companies have surpassed revenue projections and 80% have beaten the estimated earnings.

GlaxoSmithKline's shares rose 4% after its third-quarter results slides it's way beyond expectation and announces to return an additional £4billion to shareholders by a special share scheme. GSK is one of the world's biggest drug manufacturer and now it is on rise. The UK pharmaceuticals giant published a pre-tax profit of £548m till the end of September for three months. It is way more below than £1.4 billion a year ago. Even then,the results beat analyst forecasts.

U.S. Steel (X) advanced 5.1 percent to $40.08. Company reported more than estimated earning with the help of the quadrupling of flat-rolled steel sales.earnings.

GlaxoSmithKline on rises after profits beat forecasts

The firm is expecting it's core earning to be "broadly similar to 2013".

GlaxoSmithKline's shares rose 4% after its third-quarter results slides it's way beyond expectation and announces to return an additional £4billion to shareholders by a special share scheme. GSK is one of the world's biggest drug manufacturer and now it is on rise. The UK pharmaceuticals giant published a pre-tax profit of £548m till the end of September for three months. It is way more below than £1.4 billion a year ago. Even then,the results beat analyst forecasts.

Richard Hunter from Hargreaves Lansdown,said the results can be "a turning point". Hargreaves Lansdown plc is a financial service company based in Bristol that sells funds and shares and related products via its website and through the post to retail investors in the United Kingdom.He added,"The drive towards containing costs is also in evidence, whilst the company anticipates significant savings as a result of the restructure. In the medium to long term, Glaxo is also predicting a potentially lucrative pipeline, which should underpin prospects."

GlaxoSmithKline's shares have fallen by 14% over the past three months. It has been accused of allegations of bribery in China and it is even obliged to pay a fine of nearly $500m. GSK's US business was down due to price issues on it's key asthma drug Advair. There is even impact due to high strength of pound.

Now, the manufacturer is up with cost saving strategy. GSK is targeting £1bn of annual cost savings over the next three years and it's  "refocusing" the business. It also said it would consider a possible flotation of ViiV Healthcare. It is a division focusing on treatment for HIV.

The firm is expecting it's core earning to be "broadly similar to 2013".

Andrew Witty, Chief executive of GSK said,"We have continued to make strategic choices to create value from assets held in the group and to respond to the pressures we are facing in our operating environment."

Warren Buffett loses $2 billion in two days

IBM and Coke may be losing money, but Buffett's largest position, Wells Fargo, has raised 11% this year. 

Warren Buffett has lost $2 billion this week. Mr Buffett is known for making most likely estimation about established companies rather than investing in riskier stocks. Buffett is known for focusing on the long-term performance of his investments.

Berkshire Hathaway investment house portfolio includes huge parts of  Coke and IBM, both of which have decline in profits in the past two days. The investment firm took a $1 billion hit on Coke (KO), which fizzled 6% on Tuesday after the company reported earnings that didn't live up to expectations of investors. Worsening the situation, Coke said it doesn't expect a much better 2015.

Berkshire Hathaway's one of the lasgest investment is Coke. It holds 400 million shares and his son Howard sits on the beverage company's board.

On Monday,IBM (IBM, Tech30), another top holding, caused Warren Buffett a loss of $1.3 billion as the stock plunged. The company is looking for a revitalization after reporting disappointing earnings and shedding its chip unit at a major loss. The stock dropped 7% on Monday after then news was made public and slid again on Tuesday. It is off nearly 13% so far this year, and Buffett's company, Berkshire Hathaway holds over 70 million shares.

Buffet has been actively quoted a lot this year for his misses. Berkshire Hathaway's investment on British grocery chain Tesco (TSCDY) has also been a loss, with maximum drop: nearly 47% this year.

On the other hand, there's silver lining and it's more vivid, investors are supporting the company. Berkshire stock climbed slightly on Monday and Tuesday, and is up more than 17% this year.

IBM and Coke may be losing money, but Buffett's largest position, Wells Fargo, has raised 11% this year. And eventhough the market goes down, Buffett is adding more stocks to his portfolio.He said in an interview  "the more stocks go down, the more I like to buy."

Warren Buffett-Selling 245 million Tesco shares

245 million shares of Tesco is sold by Berkshire Hathaway investment company.

245 million shares of Tesco is sold by Berkshire Hathaway investment company. Berkshire's holding is below 3% after the sale.Berkshire Hathaway firm owned a 3.7% stake in Tesco at the end of 2013, a stake worth about £1bn. Berkshire Hathaway is Warren Buffett's investment company. He is also known as the "the Sage of Omaha."

Earlier this month he told on CNBC,"I made a mistake on Tesco. That was a huge mistake by me."

The supermarket's sales are declining and in addition to that share price has fallen to an 11-year low this year.The supermarket's share price has plunged more than 50% over the last 52 weeks after falling sales and there was unrest among investors because of  accounts mis-reporting.

Similar to Berkshire Hathaway, Blackrock, also began selling down its 5% Tesco stake in September.

Mr Buffett is known for making most likely estimation about established companies rather than investing in riskier stocks.Berkshire Hathaway's portfolio consist names like Coca-Cola, IBM and American Express and it started to include Tesco in 2006 and by 2012 owned more than 5% of the business.

Tesco has seen declining sales amid increased competition. The discount retailers like Aldi and Lidl are in the in the market and Marks & Spencer and Waitrose are providing high end offerings to attract customers.

Tesco says  Financial Conduct Authority (FCA) has been notified it that it is under investigation following its admission last week that it overstated its half-year profit guidance by £250m.
The supermarket giant will co-operate fully with the FCA and other relevant authorities.

10% market drop is likely-JPMorgan’s executive officer for assets management

"U.S. stocks are likely to fall by a little or tumble a lot. Just nothing in between," Mary Callahan Erdoes of JPMorgan Chase & Co. (JPM), said at an event of Institute of International Finance in Washington.
Erdoes adds,“It would be very healthy, but we’re not going to get a 10 percent correction.”
“We’re going to get a 2 percent correction with a lot of cash coming in on the way down, or we’re going to get a real correction, and it’s going to be a lot worse than 10 percent.”

The Standard & Poor’s 500 (SPX) Index fell 3.1 percent for the week, the most since May 2012, and has declined 5.6 percent from September.

“It’s such a psychological game that long-term investors don’t play,” Erdoes said.

With $1.71 trillion in assets under management and being a leader of it, she is concerned that as more companies shift to defined-contribution programs from defined-benefit pension plans, business units- individual people will make investment decisions based on emotion and that will cause decline.

S&P 500 index for Asian stock rises.

The dollar held losses and  with the regional index is up from its lowest level since May,Asian stocks has climbed, and bonds rallied with oil and copper on bets monetary policies in the three largest economies will be accommodating.

Chinese shares in Hong Kong raised 1.1 percent following Premier Li Keqiang's announcement to lower financing costs. The MSCI Asia Pacific Index (MXAP) rose 0.8 percent till the morning in Tokyo.  With addition of 0.2 percent in futures in  Standard & Poor’s 500 Index, the gauge jumped the most this year on speculation that low rates will be set and global growth will be slowed by Federal Reserve. When Oil in New York rebounded 0.5 percent and copper climbed 0.7 percent, Japan's five-year bond yield fell to the lowest after the central bank's unprecedented easing.

Tesco's share price has fallen nearly 50%, a huge mistake by the Sage of Omaha, Warren Buffett

Tesco's share price has fallen nearly by 50% reducing the value of investment by 50%.

The Sage of Omaha has said that his decision to invest in Tesco is a "huge mistake."
Berkshire Hathaway firm owns a 3.7% stake in Tesco, worth hundreds of millions of dollars and now  the supermarket's sales are declining and in addition to that share price has fallen to an 11-year low this year.
Tesco shocked investors last week by issuing a string of profit warnings. It revealed it had overstated its expected half-year profits by £250m.

The chairman of the Parliamentary Business Committee, Adrian Bailey, has described Tesco's error as "stratospheric".

He told on CNBC,"I made a mistake on Tesco. That was a huge mistake by me."

Mr Buffett is famous for comprehensive ability to understand the performance of a business for long period of time but now it does not seem so. The risk this time in Tesco are high.

Berkshire Hathaway's portfolio consist names like Coca-Cola, IBM and American Express and it started to include Tesco in 2006 and by 2012 owned more than 5% of the business.

What happened next?
The stake had fallen to 3.7% by the end of 2013 , with investment capital of  $1.7bn and continuing the fall since then Tesco's share price has fallen nearly 50%. It has now made the value to investment half of it's original value.

In addition to that Tesco has seen declining sales amid increased competition. The discount retailers like Aldi and Lidl are in the in the market and Marks & Spencer and Waitrose are providing high end offerings to attract customers.

Tesco says  Financial Conduct Authority (FCA) has been notified it that it is under investigation following its admission last week that it overstated its half-year profit guidance by £250m.
The supermarket giant will co-operate fully with the FCA and other relevant authorities.

The news induced a new fall in Tesco's share price, its lowest for more than 10 years. leaving it down 3% at 180p.

Tesco has itself has  launched its own investigation into the issue.  Deloitte, together with Freshfields, the group's external legal advisers will do the investigation.

Four executives were suspended in connection with accounting problem and there was change in high level management. Chief executive Dave Lewis has only been in the job a month, while chief financial officer Alan Stewart, who was originally due to join the company on 1 December, had his start date brought forward and took up the post last week.

JPMorgan shares rose 1.5 percent to $59.72, but got a massive cyber attack.

JP Morgan is the US's biggest bank and it got a massive cyber attack on 76 million private and seven million business customers in the US. An employee password was used to crack a JPMorgan Chase & Co. (JPM) server and ultimately pull off one of the largest cyber-attacks ever, accessing data on 76 million households and 7 million small businesses. Even though the hacker collected  information and addresses of the account holders, the collected information were not critical.
For Securities and Exchange Commission (SEC), it had not seen any "unusual customer fraud related to this incident". Home Depot and Target have been the subject of similar wide scale attacks. JP Morgan says customers are not required to take any action, such as changing their passwords or account information.

Its company spokeswoman, Patricia Wexler, said that the bank is not offering credit monitoring to customers either because it does not believe any financial information, account data or personally identifiable information was taken. He added, some of those affected by the incursion were outside the U.S.,  In addition to contact information, hackers tapped into internal data identifying customers by category, such as whether they are clients of the private-bank, mortgage, auto or credit-card divisions.

She further added that all details has not been exposed, so there's no need to take actions by customers.Information on both current and former customers was exposed, as well as on some non-customers, including people who may have logged on to JPMorgan websites to conduct transactions with bank clients. Data were compromised through Chase.com and JPMorganOnline.com, and the mobile apps that support those websites.

JPMorgan shares rose 1.5 percent to $59.72 at 9:56 a.m.(October 3,2014) in New York and have gained about 2.2 percent this year, trailing the 6.1 percent advance for the 85-company Standard & Poor’s 500 Financials Index.

The U.S. total household is 115 million and  76 million households were affected. Earlier this year, 145 million personal records were taken in a breach of EBay Inc. An attack on retailer Target Corp. during last year’s holiday season affected as many as 110 million shoppers. An attack at Home Depot Inc. disclosed last month compromised 56 million payment cards.

According to the people familiar with the bank’s review the attack at JPMorgan started in June. The hackers entered a web-development server with an employee’s user name and password, then got their access into lender’s network, the people said.

Government officials and security specialists have long warned of the possibility of cyber disruptions in the financial system and other services and utilities. Those concerns are heightened in times of conflict.

Having said that people should themselves be aware about the possible threat and must take actions to stay away from trouble. Changing password often and signing off from devices when you leave the desk will help to increase security.