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Bankruptcy fight over Oncor to test Warren Buffett's discipline

Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a Delaware bankruptcy judge now present one of the biggest challenges to the billionaire's legendary discipline.

Recent Business News

Stability concerns focus at Fed ahead of Yellen speech

WASHINGTON The stock market's steady rise, still low long-term bond yields and a sagging dollar are girding the Fed's intent to raise interest rates again this year despite concerns about weak inflation, according to comments this week from Fed officials and analysts anticipating remarks next week by Chair Janet Yellen.

Aug 18 2017

Exclusive: Citigroup tops bank group for Petrobras unit IPO - source

SAO PAULO Citigroup Inc and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said.

Aug 18 2017

India's Infosys approves up to $2 billion buyback of shares

MUMBAI India's second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company's founders.

Aug 19 2017

Former UAW official charged in Fiat Chrysler payoff probe

A former senior official at the United Auto Workers trade union was charged on Friday with conspiring with other union officials to accept improper payments from Fiat Chrysler Automobiles NV officials over a four-year period.

Aug 18 2017

U.S. prosecutors recommend three years in prison for VW engineer Liang

DETROIT Federal prosecutors on Friday recommended a three-year prison sentence for Volkswagen AG engineer James Liang for his role in a diesel emissions scandal that has cost the German automaker as much as $25 billion.

Aug 18 2017
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Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 

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