Buffett signals two heirs as Berkshire successors on board
Warren Buffett elevates Gregory Abel and Ajit Jain to Berkshire Hathaway board and vice chair roles in non insurance and insurance operations. The move tightens succession plan as Buffett and Munger advance in age and positions Abel and Jain as likely future leaders.
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Sears Considers All Options Amid Holiday Loss Warnings
Sears Holdings warns it will post a net loss for the holiday period and may pursue all options to maximize asset value if debt refinancing fails. CEO Eddie Lampert cites potential debt renegotiation to unlock value in Kenmore, DieHard, Sears Home Services and the real estate portfolio, as the chain shutters about 400 stores and faces over 1.4 billion in 2018 debt payments.
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Worry free investing for retirees with dividend stocks
Retirees should still have stock exposure as part of a balanced portfolio with growing income and inflation protection. Focus on yields at or above 2 percent and firms with a long track record of increasing dividends. AT&T yields 5.1 percent with 32 straight years of increases. National Retail Properties yields 4.4 percent with 28 years. Matthew Frankel owns AT&T shares. The Motley Fool positions no stocks.
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