Sat, Feb 28 2015
NEW YORK - Warren Buffett, the billionaire chief executive of Berkshire Hathaway Inc, told investors on Saturday that the company had found his successor, and the company's vice chairman, Charlie Munger, identified two Berkshire executives as candidates. | Video
NEW YORK - Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average.
- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved.
Fri, Feb 27 2015
BOSTON - Equity investors pursuing a buy-and-hold strategy might want to check out a fund that hasn't made an original stock market bet in 80 years.
NEW YORK - American Realty Capital Properties, the real estate investment trust, said on Friday that it would post results for the first three quarters of 2014 on Monday, March 2, meeting the timeline it set when it announced in October that it had found accounting errors.
BOSTON - Exxon Mobil Corp and three other large energy companies failed to block shareholder resolutions on director nomination rules put forth by New York City pension funds, making it more likely investors will get to vote on the hot issue this spring.
WASHINGTON - The U.S. Commodity Futures Trading Commission is questioning what role global banks played in so-called dividend-arbitrage trades, the Wall Street Journal said on Friday, citing people familiar with the recent inquiry.
NEW YORK - Investors worldwide poured $1.1 billion into emerging markets debt funds, marking their biggest weekly inflows since June of last year, and $2 billion into high-yield bond funds in the week ended Feb. 25, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
Thu, Feb 26 2015
WASHINGTON - The U.S. Securities and Exchange Commission is unearthing numerous examples of hidden conflicts of interest at asset management firms, and plans to file a series of cases to combat the problem, a top SEC investigator said Thursday.
TORONTO - Toronto-Dominion Bank is very happy with its stake in discount brokerage TD Ameritrade Holding Corp and views it as a key investment, the Canadian lender's chief executive said on Thursday.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.