China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Buffett pulls out of RBS insurance sale: report
LONDON (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) has pulled out of the bidding in Royal Bank of Scotland's (RBS.L) 7 billion pound ($13.62 billion) auction of its UK insurance business, the Financial Times reported on Friday.
Berkshire told the FT it had looked at the business, which includes the insurers Direct Line and Churchill, but had decided not to bid, without giving a reason.
RBS was not immediately available to comment.
(Reporting by Erica Billingham; Editing by Quentin Bryar)
