Buffett, a cheerleader for America, takes his checkbook abroad

NEW YORK - Warren Buffett, in his annual letter to Berkshire Hathaway Inc shareholders last year, called America "the mother lode of opportunity."

Recent Business News

Moscovici says 'Grexit' would raise question - who's next?

BERLIN - The European Union's financial affairs chief Pierre Moscovici told German radio on Friday, just before a Bundestag vote on a bailout extension for Greece, that allowing any country to leave the euro zone would simply raise the question "who's next?".

4:15am EST

After Indonesia retreat, GM retrenches in Thailand, too

- A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors said on Friday it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.

4:04am EST

Some staff say India's Sahara has not paid salaries for months

MUMBAI - Some staff at Indian conglomerate Sahara say they haven't been paid for several months, as the company tries to raise $1.6 billion to bail its boss Subrata Roy out of jail.

7:52am EST

Mazda bets on diesel-only car for Japan launch of key 2015 model

TOKYO - Japan's Mazda Motor Corp will sell only diesel-powered cars in the domestic launch of its key model for 2015, gambling it can convince the country's army of hybrid petrol-electric drivers that the days of sooty, noisy diesels are long gone.

6:51am EST

Nissan says can meet U.S. sales goal with capacity in South Korea, Japan

YOKOHAMA, Japan - Nissan Motor Co will be able to meet its goal of taking 10 percent of the U.S. market in two years without any major new investments and by making use of capacity available at factories in Japan and South Korea, a top executive said on Friday.

26 Feb 2015


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