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Buffett letter may tout optimism as broader market worries ebb

Warren Buffett may use part of his annual letter to Berkshire Hathaway Inc shareholders, due on Saturday, to renew his optimism about America, at a time economic growth is on the upswing and U.S. stocks sit near record highs despite rising interest rates.

Ford veteran Galhotra takes over as North America chief

Ford Motor Co on Thursday appointed Kumar Galhotra as president for its North America business, replacing Raj Nair, who left the company on Wednesday after an internal investigation found his behavior inconsistent with the company's code of conduct.

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