With the stock market in turmoil, it’s a good time to check in on what Warren Buffett is doing with his portfolio. Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A, BRK.B) has struggled in the first half of the year. Money Morning’s Jason Simpkins says $3.5 billion of Berkshire’s recent $4-billion shopping spree is still unaccounted for…

Editor’s Note: Iconic American brands will perish unless they focus more on emerging markets, says Inwin Greenstein in Taipan Daily. A case in point is the hostile takeover attempt on Anheuser-Busch (NYSE:BUD) by Belguim-based InBev (PINK:INBVF). A-B brews Budweiser, the ‘king of beers,’ in America. But a lack of penetration in emerging markets has left the company dependent on one of the world’s slowest economies — the US.