Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. agreed to buy $300 million of debt from Harley-Davidson Inc., the biggest U.S. motorcycle maker, adding to holdings of corporate debt as yields rise.
Berkshire will get 15 percent interest on the senior unsecured notes, Milwaukee-based Harley said today in a statement. Davis Selected Advisers LP, the largest holder of the company’s stock, also committed to buy $300 million of debt. Harley, which is raising cash to lend to customers, rose the most in more than two decades in New York trading… More Info…Â
Chris Miracle and Mike Hines have known each other since they were in their early teens–riding BMX (bicycle motocross) bikes together, teaching each other bike tricks and digging ramps out in the middle of the desert because they had no other place to go.
Now the friends are in their late 20s, but both still make time to ride. When they do, the friends say they continue to see what they experienced growing up in Tucson–kids riding on the streets and on stairs and other concrete structures because there’s no place else for them to go.
The consequences remain the same, too–taking to a nice set of concrete stairs and metal rails outside a local bank building or at the UA campus is illegal… More info…
Much of the character of BMX comes from boutique brands laboring out of love. They may not make a lot of money, but the owners are motivated by a true passion for the niche sport, often cultivated from their early days spent racing at the local BMX track.
But some in the BMX industry are concerned that the sport may lose that lifeblood as the smaller brands are squeezed out of the market due to expensive testing required by the new consumer product safety law.
“We may have to close our doors,†said Bill Ryan, who’s owned Supercross BMX in Apple Valley, California, for two decades… More Info…
Stuttgart based sports car maker Porsche is a little more than seven decades old now, ever since the first car to bear the name “Porsche†was unveiled back in spring 1948; the Porsche 356 “No. 1†Roadster. But way before that, about the time when Austrian Ferdinand Porsche unveiled the ever so significant Volkswagen Beetle to the world, the great automotive engineer was already building cars since the year 1900 when he developed an electrical hub drive which actually powered the world’s first vehicle with a hybrid gasoline-electric propulsion system.
Ferdinand’s son, Ferry Porsche also continued his father’s work as he operated Porsche AG in Stuttgart, Germany. To help highlight Porsche’s achievement as a company, and to give enthusiasts today a glimpse of Porsche’s glorious past, the auto maker made available a museum which only offered a total of 20 exhibits, which wasn’t enough to allow visitors to fully appreciate the brand.  More Info…