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Financial Services & Real Estate Headlines

Bertelsmann says open to raising Penguin Random House stake

FRANKFURT German media group Bertelsmann may raise its stake in book publisher Penguin Random House, it said on Wednesday after British joint venture partner Pearson issued a major profit warning and said it might sell the stake.

Berkshire Hathaway unit buys big NYC-area real estate firm

NEW YORK HomeServices of America Inc, a unit of Warren Buffett's Berkshire Hathaway Inc , on Tuesday said it has purchased the Houlihan Lawrence residential real estate firm, its second foray into the New York City area this month.

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Business euphoria over Trump gives way to caution, confusion

WASHINGTON Early optimism among business lobbyists and executives that Donald Trump's election heralded better days has slowly given way to uncertainty as the president-elect fires off mixed and sometimes confusing messages on healthcare, taxes and trade.