Daily Archives: November 20, 2011

Buffet Buys Tech Stock

November 20, 2011   Joanelle Navarro   No comments

Photo Credit: www.forbes.com

Warren Buffett’s Berkshire Hathaway shared that he bought stock in satellite television service DirecTV, tech giant IBM, and chipmaker Intel Corp.

Buffett disclosed that he had bought 57 million shares of IBM, 9.3 million shares of Intel, and 4.2 million shares of DirecTV.  These are unusual investments for Buffet, who normally avoids technology stocks.

Berkshire Hathaway had $59.1 billion in common stock at the end of the third quarter.  This is up 12.9% from the $52.4 billion the company had three months earlier.

Berkshire Hathaway also has new holdings in Visa, with 2.3 million shares, 5.7 million shares in CVS, and 3.1 million shares in General Dynamics.

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Syracuse Basketball Assistant Being Investigated Over Molestation Allegations

November 20, 2011   Joanelle Navarro   1 Comment

Photo Credit: www.carbonated.tv

Syracuse University basketball assistant coach Bernie Fine is being investigated amongst allegations that he molested two former ballboys.

Bobby Davis, 39, accused Fine, 65, of molesting him beginning in 1983 when Davis had entered seventh grade.  Davis’ stepbrother, Mike Lang, 45, also claims he was molested around the same time.

Fine has called the accusations false and says he is confident the allegations will be discredited.  He is currently on administrative leave.

Syracuse police said they were reopening the investigation on charges that were first brought to them in 2003.  They were dismissed after four people who said they could corroborate Davis’ claims didn’t.

Fans and former Syracuse players are all showing their support for Fine.  Former player Eric Devendorf said the allegations seemed fishy to him, and Tim Welsh, a former Syracuse assistant from 1988-91, said he was surprised by the allegations.  He believes Bernie Fine to be an upstanding man.

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‘Twilight Saga: Breaking Dawn, Pt. 1′ Wins Weekend Box Office

November 20, 2011   Joanelle Navarro   No comments

Photo Credit: www.breakingdawnmovie.org

The latest film in the “Twilight” franchise made $72 million on opening day, with $30.3 million in midnight grosses alone.

“The Twilight Saga: Breaking Dawn, Pt. 1” nows ranks as the third largest single day opening of all time.  It’s behind “Harry Potter and the Deathly Hallows, Pt. 2,” which grossed $91 million in July and “The Twilight Saga: New Moon,” which earned $72.7 million two years ago.

“Breaking Dawn” is expected to make $135 million, behind “New Moon’s” $142 million three-day take.

The film in second place was “Happy Feet Two.”  The sequel to the Oscar winning animated film made only $6 million on Friday, and is expected to make $22-24 million this weekend.

“Immortals” fell to third place, with an expected $12-13 million weekend.  The film has only made $44.5 million in its first eight days and it’s turning out to not be the blockbuster Relativity was hoping for.

Adam Sandler’s “Jack and Jill” made $3.5 million on Friday and has only made $32.5 million in eight days.  At fifth place was “Puss in Boots,” which made $3.4 million on Friday, bringing up it’s total to $115 million.

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