The battle between Wells Fargo and Citigroup over Wachovia appears to have come to an end today with Wells Fargo as the winner. This post includes 2 images showing the bank branch coverage that will result from the merger.

Seth Klarman's Baupost Group has acquired 6.1 million or 11.7% of Breitburn Energy Partners LP (BBEP).

Roger Nusbaum looks at the historical discounts on closed-end funds. Could there be value here? 

Joe Ponzio provides some advice on how to find value ideas in this market, Buffett style. Just start with A...

Todd Sullivan reports on Leon Cooperman's presentation on the investing climate. Cooperman then presented his analysis on Atlas America and its inter-related companies.

One of the biggest net/nets seen in the past decade, Tech Data, just hit the radar of Cheap Stocks.

This blogger notes that John Hussman has been bearish for many years but is starting to turn slightly bullish. He is not calling for an absolute bottom, but he does see valuations starting to look reasonable.

Jeff Matthews discusses what Warren Buffett would do with GE at the Value Investing Congress.

Aaron Edelheit of Sabre Value Management presents “Small Cap Diamonds in a Rough Market.” He presented four very interesting picks.

Carl Icahn spoke at today's Value Investing Congress and commented on the current financial crisis and the role of shareholder activism. He unveiled the new United Shareholders group to address these issues. 

Notes from John Burbank's presentation at the Value Investing Congress regarding the American Perspective and big sector changes.

Notes from Whitney Tilson and Glenn Tongues presentations on their current stock picks: EchoStar, Fairfax Financial, and Berkshire Hathaway.

This is the start of my live report from the Value Investing Congress in New York City. Whitney Tilson and Glenn Tongue are giving the first presentation on the housing bubble and credit crisis. I share my notes from the that presentation.

Warren Buffett told CNBC's Becky Quick that the measure will help unfreeze the credit markets, but warned that it is not a "panacea" for the economy. He also revealed that he owns only two domestic stocks personally, Berkshire and Wells.