Boston, MA 02/19/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC): If recent investment developments around billionaire investor Warren Buffett are anything to go by, then Wells Fargo is one of the sure things that the billionaire bets on. It is reported that Mr. Buffett acquired more share of WFC totaling about 325,000.This was disclosed in the latest SEC filing by the billionaires investment vehicle Berkshire Hathaway. This boost of stake in WFC comes just when the bank recently issued impressive results for its fiscal 2013 fourth quarter and whole year results, overcoming the troubles in its main mortgage business. Besides WFC, The Coca-Cola Company (NYSE:KO) is yet another of Mr. Buffet’s top investment picks. He owns about 400 million shares of the Sprite-maker. Wells Fargo & Co (NYSE:WFC) lost 3.75 percent of its market value in the last trading session, leading to shares concluding at $37.47, on a day that they touched the lows of $37.26.
Newmont Mining Corp (NYSE:NEM)’s subsidiary called Newmont Mining Corporation of Canada Limited has announced completion of the earlier announced redemption of outstanding exchangeable shares. The exchangeable shares will be delisted from the Toronto Stock Exchange. Each exchangeable share was considered for one share of common stock of NEM. Further, former holders of exchangeable shares will partake in the dividends declared on the common stock. Shares of Newmont Mining Corp (NYSE:NEM) gained 38 cents each in the last session to close at $24.21 per share.
Intel Corporation (NASDAQ:INTC) will be seeking to make a case for itself at the upcoming Mobile World Congress in Barcelona. The company is reported to be working on launching two fresh lines of mobile and table processors. The rumored chip for smartphone is codenamed Merrifield. And the chip for tablet will be an updated version of the Bay Trail. Intel is working hard to break into the mobile and tablets market and the upcoming mobile congress will be a perfect opportunity to update investors, and of course consumers of its growth plan. Intel Corporation (NASDAQ:INTC) finished the last session positively at $24.76 after adding 0.02 percent to its market value.
