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Warren Buffett says Berkshire has 'right person' as heir

NEW YORK - Warren Buffett told investors on Saturday that Berkshire Hathaway Inc had found his successor, giving more details than ever about the heir to the company he has run for 50 years.

Recent Business News

U.S. economy slowed in fourth quarter, but growth outlook still favorable

WASHINGTON - U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a moderate increase in business inventories and a wider trade deficit, but strong domestic demand brightened the outlook.

27 Feb 2015

Dudley, top U.S. economists urge later Fed rate hike

NEW YORK - Raising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues the U.S. economy, given time, can rebound to the strong growth rate to which Americans are accustomed.

27 Feb 2015

Wall Street ends down after data; posts strong gains for month

NEW YORK - The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter.

27 Feb 2015

Greece seeks negotiations on ECB bond repayment

ATHENS - Greece called into question on Saturday a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to international creditors.

5:23am EST

HSBC not the troublemaker made out to be, rival Swiss banker says

ZURICH - HSBC , in the spotlight after details emerged about how its Swiss unit allegedly helped clients dodge taxes, isn't the troublemaker it is currently depicted as, the head of a rival private bank was quoted saying on Saturday.

6:24am EST

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