- Telefonica (TEF) reported an increase in revenues of 3.5% YoY Mobile net additions rose 45% in the quarter, and 7.8 million new accesses added. In 2011 as a whole, total customers grew 7%YoY, to 306.6 million accesses. Net profit doubled to 2.67 billion Euros ($3.57 billion) compared to a profit of 1.3 billion in the year-ago period.
- U.S. New home sales are at an annual rate of 321,000 units in January, down from 324,000 in December. The median sales price rose by $600 to $217,100.
- The University of Michigan consumer sentiment index rose to 75.3, up from 75 the previous month.
- Santorum said, “I understand why Barack Obama wants to send every kid to college, because of their indoctrination mills, absolutely ... The indoctrination that is going on at the university level is a harm to our country.”
- (FT) Stockton, a city in northern California, next week may decide to suspend payments to some of its creditors and take steps toward a bankruptcy filing after years of fiscal strife.
- "Though housing-related businesses remain in the emergency room, most other businesses have left the hospital with their health fully restored," Buffett said on Saturday in his closely watched annual letter to shareholders.
- Berkshire Hathaway’s net income fell 30% as the paper value of its derivative contracts fell.
- Berkshire said it earned $3.05 billion, or $1,846 per Class A share, compared with earnings of $4.38 billion, or $2,656 per share a year earlier.
- A 17-tonne haul of silver coins, lost for two centuries in the wreck of a sunken galleon, began its journey back to Spain yesterday after deep-sea explorers lost their claim to ownership.
- VIVUS (VVUS:) said that an Advisory Committee of the FDA recommended that Qnexa be granted FDA marketing approval for the treatment of obesity in adults. It purportedly helped trial patients lose 10% of their weight in a year.