Warren Buffett

For some reason General Electric (NYSE: GE) is not participating in today's 600 point rally. Shares of GE are down ...

DALLAS, Oct. 12, 2008 (GLOBE NEWSWIRE) -- Retalix(r) (Nasdaq: RTLX), a leading provider of software solutions for distributors and retailers, today announced that McLane Company, Inc., one of the world's largest foodservice distributors and grocery wholesalers, will implement the Retalix Traffic Management solution at 19 grocery distribution centers across the country. Founded as a small retail grocery store in 1894, today, Temple, Texas-based McLane is recognized as a global powerhouse in distribution and logistics, delivering more than 10 billion pounds of consumer products per year to more than 60,000 locations -- including convenience stores, mass merchandisers, chain restaurants, drug stores and movie theatres. Retalix Traffic Management is a comprehensive inbound freight management solution that seamlessly interfaces with Retalix and other procurement and warehouse management applications. Orders are imported into the system and automatically analyzed for cost-saving and revenue-producing opportunities. McLane will deploy Retalix Traffic Management with an integrated Retalix Web Tendering module ...

GEICO announces: Who: GEICO and Naval Station Norfolk What: GEICO is hosting its 9th Annual Military Appreciation Day luncheon to recognize and thank local citizens serving in the military. All military members and their families are welcome to attend the event. Where: Virginia Beach Conference Center 1000 19th Street Virginia Beach, VA ...

HOUSTON and KEMAH, Texas, Oct. 9, 2008 (GLOBE NEWSWIRE) -- Mr. Daniel Dror, Chairman and CEO of American International Industries, Inc. (Nasdaq: AMIN), today announced that a subsidiary of the Company completed the purchase of 100% of the assets of Shumate Machine Works Corporation, a subsidiary of Shumate Industries, Inc. (OTCBB: SHMT). The purchase price was approximately $6.4 million in cash, which was financed in large part through long-term debt provided by Stillwater National Bank and Trust. The assets are now owned by a wholly-owned AMIN subsidiary, Shumate Energy Technologies, Inc. ("SET"). SET, which operates out of a 30,000 square foot manufacturing facility located in Conroe, Texas, manufactures highly specialized equipment for energy industry customers including Baker Hughes, Halliburton Energy Services, Smith International, National Oil Well Varco, BJ Services Company, Canrig Drilling Technology, a Nabors Industries company, Enventure Global Technologies, FMC Technologies, Oceaneering Intervention Engineering, Shell Development, Weatherford International and other ...

BALTIMORE, Oct. 8 /PRNewswire/ -- At a press conference at the National Press Club in Washington, D.C., today, Addison Wiggin, co-author of the just-released book I.O.U.S.A., discussed the bailout controversy, what it means to U.S. citizens, the challenges facing the economy and the impact the federal debt will have on the American people. Congress just passed the $810 billion dollar "rescue package" to bail out Wall Street ... But nobody is going to rescue the U.S. government, with its national debt that now exceeds $10 trillion. "The national debt numbers are overwhelming for most Americans," admits best-selling author Addison Wiggin, co-author of I.O.U.S.A: One Nation. Under Stress. In Debt. (Wiley, September 2008, ISBN: 978-0-470-22277-5, $19.95). "The simple fact is we've been 'successful' as a nation for so long the average citizen doesn't have a clue what's happening on Wall Street or in the economy. Fear of gigantic numbers ...