OMAHA, Neb. - Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he is gone. | Video
Recent Business News
DETROIT - Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.
ZURICH - Swiss bank UBS could combine its investment banking arm with that of Credit Suisse to create a top player, Eric Knight, head of activist investor Knight Vinke, was quoted as saying in an interview with a Swiss paper on Sunday.
MADRID - Herve Falciani, a former HSBC employee who leaked information on the bank's clients and tax situation, told Spanish newspaper El Mundo he had knowledge of other cases and could act again, adding his "work was not done".
LONDON - In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. As Europe's biggest bank now considers moving back, the same exercise offers clues to its final decision, say industry sources and analysts.
WASHINGTON - U.S. factory activity failed to gain steam in April after slowing for five straight months and demand for automobiles softened, suggesting the economy was struggling to find momentum after growth almost stalled in the first quarter.