No doubt there are plenty of career retrospectives about the just-departed Apple CEO Steve Jobs today. He did, afterall, lead Apple to become the world's premiere technology company and for a few moments earlier this month, Apple surpassed Exxon Mobil as the most valuable American company.
The New York Times has a report about a government plan that could affect millions of homeowners in the United States. The paper reports that the Obama administration is kicking around a proposal that would "allow millions of homeowners with government-backed mortgages to refinance them at today's lower interest rates, about 4 percent..."
Warren Buffett has given the country's biggest bank a $5 billion vote of confidence. Bank of America's share price had been sliding. But Buffett announced Thursday that his conglomerate Berkshire Hathaway is investing $5 billion and will receive 50,000 shares of preferred stock, and now the bank's shares are up about 12 percent. Three years ago, Buffet helped another bank in crisis when he put $5 billion into the Wall Street firm Goldman Sachs.