Money Headlines

Sat, Feb 28 2015

Warren Buffett says Berkshire has 'right person' as heir

Photo

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

28 Feb 2015

Buffett says 'sprawl' is good, but may not be good enough

Photo

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.

28 Feb 2015

Berkshire Hathaway net falls, operating profit rises

Photo

- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved.

28 Feb 2015

Fri, Feb 27 2015

Buy-and-hold fund prospers with no new bets in 80 years

Photo

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.

27 Feb 2015

American Realty Capital says to file delayed results on Monday

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.

27 Feb 2015

Energy companies lose round vs. NYC funds in proxy access battle

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.

CFTC asks large banks about dividend arbitrage: WSJ

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.

Investors pour $1.1 billion into emerging market debt funds in week: BofA

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.

27 Feb 2015

Thu, Feb 26 2015

U.S. SEC targets asset manager conflicts of interest: investigator

Photo

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.

26 Feb 2015

TD Bank CEO say very happy with stake in TD Ameritrade

Photo

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.

26 Feb 2015
Photo

Key retirements mean a changing of the guard next year in U.S. Congress

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.