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With $116 billion cash, Buffett says Berkshire needs 'huge' deals

NEW YORK Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc. | Video

Recent Business News

ECB pulls the plug on Latvia's failing ABLV Bank

FRANKFURT/RIGA Latvia's ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central Bank (ECB) said separately on Saturday.

Feb 24 2018

China's Geely makes $9 billion Daimler bet against tech 'invaders'

BEIJING/FRANKFURT Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives.

Feb 24 2018

Delta, United Airlines become latest companies to cut NRA ties

NEW YORK Delta Air Lines and United Airlines on Saturday became the latest major corporations to sever marketing ties with the National Rifle Association as the fallout from last week's massacre at a Florida high school took its toll on the gun advocacy group.

EIB investigates loans to Daimler in light of diesel questions: Welt

FRANKFURT The European Investment Bank may ask Daimler to pay back loans extended for research and development in light of a report linking the Mercedes maker to diesel emission-test cheating, Welt am Sonntag reported.

Feb 24 2018

China cuts banking red tape to rally foreign investment - Xinhua

BEIJING China's banking regulator has introduced steps to cut the red tape for foreign banks, state media agency Xinhua said on Saturday, as part of the government's ongoing effort to promote investment in the country's fast-growing financial sector.

Feb 24 2018

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