Market Gawk

Billionaire investor’s annual shareholders letter says Berkshire’s insurance operations will be squeezed this year.

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S&P leaves credit ratings in place despite large Q4 loss.

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Annual shareholders letter says Berkshire’s insurance operations will be squeezed.

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If you bought a carton of eggs recently, you may have been bowled over by sticker shock.

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The British pound was unable to capitalize on the dollar?s weakness over the past few sessions; and today?s data reminds us why: the UK economy is looking a lot like its US counterpart a year ago.

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After an impressive bullish run from the com block, there was finally a break in the rally at the week?s end as risk aversion led traders to ease off the high risk, high yield currencies.

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Though the dollar continued to push to fresh record lows Friday, its decent had cooled from the previous two days? losses.

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SAN FRANCISCO (MarketWatch) — Northrop Grumman Corp. said late Friday it received a contract to replace the U.S. Air Force’s KC-135 tankers with the KC-45A aerial refueling tanker. The KC-45A is based on the Airbus A330 commercial jet, which is produced by EADS . The contract has an estimated value of $40 billion. Northrop beat out Boeing Co. for the bid.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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SAN FRANCISCO (MarketWatch) - Moody’s Investors Service Friday downgraded the ratings of Fremont General Corp. (senior to Ca from Caa3) and its subsidiary, Fremont Investment and Loan (deposits to Caa2 from B3 and issuer rating to Ca from Caa1). The outlook on Fremont General and Fremont Investment & Loan remains negative. The downgrades were in response to Fremont General’s announcing that it will defer dividends on its trust preferred securities and poor liquidity at the holding company, according to Moody’s. Separately, Standard & Poor’s said Fremont General will be removed from the S&P SmallCap 600 index after close of trading on Monday. The company’s market cap is $79 million whereas the minimum that a company must maintain is $300 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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SAN FRANCISCO (MarketWatch) - Gilead Sciences Inc. said Friday it entered into an agreement with goldman Sachs to repurchase $500 million of its stock under an accelerated share repurchase program. The buyback is a part of the $3 billion share repurchase program announced on Oct. 22. Once the deal is completed, Gilead will have about $2.2 billion remaining in the repurchase program, the Foster City, Calif., biopharmaceutical company said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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