Buffett warns investors not to act on headlines
Warren Buffett told CNBC that Europe faces fiscal problems due to EU structure and Greece and France votes but Berkshire will still buy into U.S. companies. He would consider a European purchase if a compelling opportunity arises and notes U.S. banks are stronger post crisis vs Europe.
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Austerity in Europe shifts as Hollande win reshapes policy
Paris reports Hollande's victory signals possible shift from strict austerity. Greece elects anti austerity parties, Germany faces regional setback for Merkel coalition. Markets tumble on eurozone uncertainty as euro dives amid volatility and investor jitters.
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Simon Property Tops Global Real Estate Market Buyers
Simon Property Group Inc is now the world’s largest real estate company by market value, listed No. 1 on the TSE EPRA NAREIT Global Real Estate Index with a May 4 market cap of 45.9 billion. The firm, based in Indianapolis, reports 330 properties and 5,500 employees, pursuing aggressive outlet mall growth and foreign expansion beginning with a 30 percent stake in Klepierre, while planning 1 billion dollars per year in remodels.
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