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Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, March 6 (UPI) -- Investor Warren Buffet, worth an estimated $62 billion, has overtaken Bill Gates as the richest man on Earth, Forbes magazine reported Wednesday.
Gates, the Microsoft co-founder who held sway atop the wealth list for 13 years, slipped to No. 3 behind Buffet and Mexican telecommunications businessman Carlos Slim Helu, whose wealth has doubled in just two years, Forbes said. Helu is estimated to have a net worth of $60 billion, while Gates is now said to be worth $58 billion.
Buffet, 77, saw his fortune pile up another $10 billion in the past year, thanks to the increased value of Berkshire Hathaway stock. He had no comment on his financial status, Forbes reported.
Gates might still have ruled the roost had Microsoft not made a bid for Yahoo! last month, which triggered a 15 percent drop Microsoft's value.
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PORTLAND, Maine, Feb. 13 (UPI) --
So-called tar sands oil from Canada is "much, much worse" for the environment than conventional crude oil, a Maine environmental advocate said.
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SAINT-LAURENT, Quebec, Feb. 13 (UPI) --
The Canadian coast guard has picked Thales Canada for the supply and installation of helicopter tracking systems aboard 22 aircraft and 17 ships.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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