In a move that underscores the potential of China’s auto market - as well as the viability of so-called “green” technology - investing guru Warren Buffett’s MidAmerican Energy Holding Co. will pay roughly $230 million for a 10% stake in BYD Co. Ltd., a Chinese producer of both cars and specialized batteries.

U.S. Bankruptcy Filings Soar; Japan’s Bankruptcy Jitters; Boeing Backs Down in Face of Strike; Quicksilver’s Ski Sale; Gustav Pushes Crude Higher; TiVo Swings to Profit; PetroChina Hurt by Subsidies; BP Ending Russian Venture

WTO’s Global Trade Deal; Ford’s Lowered Expectations; Surprise Decline in Jobless Claims; Oil Drags on Hang Seng; Wider Loss for B&N; Big Oil Spends $1.3 Million in 1Q Lobbying; Bill Miller Joins Ichan in Pressuring Yahoo; IEA to Probe World’s Oil Supply; Medtronic Coughs Up $75 Million to Settle Suit.

Money Morning Investment Director Keith Fitz-Gerald - one of the first global financial gurus to predict triple-digit oil prices - has boosted his target price for crude oil from $187 to $225.

The People’s Republic of China: When Asia expert Keith Fitz-Gerald first returned to this country a week ago, he was overwhelmed by a single impression.

Last year, the Chinese stock market turned in one of the greatest performances in stock market history. The Shanghai Composite Index climbed as high as 128%… and finished the year with a 97% gain.