More From IBT Staff Reporter
With $38 billion cash, Warren Buffett looking for deals
Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
Feb 26, 2011
Djokovic crushes Federer in straight sets to take Dubai title
World number three Novak Djokovic crushed top-seed Roger Federer in straight sets to secure the Dubai Championships title on Saturday.
Feb 26, 2011
Possible pullback, high oil raise risks
On Wall Street they wonder: Was that it? Is the pullback over?
Feb 26, 2011
Manchester United crush unlucky Wigan
Manchester United secured a crucial 4-0 victory against Wigan Athletic in the Premiership on Saturday, with two goals from Javier Hernandez.
Feb 26, 2011
With $38 billion in cash, Warren Buffett looking for deals
Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
Feb 26, 2011
Wigan Athletic Vs Manchester United Live-Coverage
With the return of the Premiership games, Manchester United travel to Wigan Athletic on Saturday, hoping to avoid any slip-ups before Tuesday's big one against Chelsea.
Feb 26, 2011
Match Preview - Will Manchester United stutter against Wigan Athletic before the all-important game against Chelsea?
With the return of the Premiership games, Manchester United travel to Wigan Athletic on Saturday, hoping to avoid any slip-ups before Tuesday's big one against Chelsea.
Feb 26, 2011
Warren Buffett says on the hunt for deals
Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.
Feb 26, 2011
Mizuho to buy out units in $4 billion deal: source
Mizuho Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said on Saturday, in a roughly $4 billion deal aimed at helping the lender grow beyond sluggish commercial banking business in Japan.
Feb 26, 2011
The Christchurch Earthquake: It Can Happen Here
In the United States, major earthquakes like the one in Christchurch, New Zealand aren't just limited to California. The key is to be ready for when they do.
Feb 26, 2011
ECB's Draghi says must watch inflation threat
Monetary policy makers must closely watch emerging inflation tensions to head off any decline in expectations for price stability, European Central Bank Governing Council member Mario Draghi said on Saturday.
Feb 26, 2011
Russia launches navigation system satellite
Russia launched on Saturday one of the final satellites needed to complete a space-based navigation system, which Moscow hopes will challenge the dominant U.S. Global Positioning System .
Feb 26, 2011
Oscar advertisers reveal plans for the big night
JCPenney, Best Buy, Hyundai, and Livingsocial.com have all released a preview or description of their advertisement campaigns for the upcoming Academy Awards, hoping to create a buzz and thus earn more eyeballs during Hollywood's biggest night.
Feb 26, 2011
Top search innovations from Google [SLIDESHOW]
Google continues efforts to maintain high-quality search with revamped search formula. Slideshow recalls top search innovations in recent times:
Feb 26, 2011
NASA's Jet Propulsion Lab to layoff 200 employees
NASA's Jet Propulsion Laboratory plans to layoff about 200 employees amid federal cutbacks, The Los Angeles Times reported today.
Feb 26, 2011
Coming soon, a smart phone App to detect cancer in 60 minutes
A mobile phone can spot cancer and soon there may be an application to detect it and could allow physicians to find out within 60 minutes whether a suspicious lump in a patient is cancerous or benign, Science Translational Medicine journal said in a report on Friday.
Feb 26, 2011
Succession, derivatives on tap in Buffett letter
Don't bother calling your favorite value investor on Saturday morning -- he or she will be busy devouring every last word of annual wisdom from the guru of that investing discipline, Warren Buffett.
Feb 26, 2011
Middle East turmoil creates serious dilemma for U.S. Universities, Colleges
While all American institutions have evacuated students and faculty from high-risk zones, they continue to be worried about their long term moves and prospects in these regions
Feb 26, 2011
Diana Ross and other explosive guests on Oprah final season [PHOTOS]
With Friday's episode of 'The Oprah Winfrey Show' with Diana Ross turning into a major hit, here's a recall of all the best guests of the final season, so far, including John travolta, Hugh Jackman in Australia, and David Arquette.
Feb 26, 2011
Mizuho plans to buy out securities, trust units: source
Mizuho Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said on Saturday, a deal that could be worth around $4 billion as the lender tries to grow beyond sluggish commercial banking business in Japan.
Feb 26, 2011
Verizon Wireless iPhone sales mostly online
Verizon Wireless sold more iPhones online than in stores, its top executive told Reuters, disputing a concern that the sparse crowds that greeted the store launch of the Apple Inc device signaled low sales.
Feb 25, 2011
Tremont investors in $100 million pact over Madoff
Investors who lost money in Bernard Madoff's Ponzi scheme have reached a $100 million settlement with a group of funds affiliated with Tremont Group Holdings Inc that funneled their money to the now imprisoned con man.
Feb 25, 2011
Chrysler CEO receives no cash for 2010: filing
Chrysler CEO Sergio Marchionne led an overhaul of the company's staid lineup of cars and trucks and revived interest in the automaker that was once left for dead-- and he didn't get paid any cash for it.
Feb 25, 2011
Bush cancels conference visit over Assange invite
Former President George W. Bush on Friday canceled a scheduled appearance at a business leaders' conference in Denver after learning that organizers also invited WikiLeaks founder Julian Assange.
Feb 25, 2011
BofA, Wells, Citi see foreclosure probe fines
Bank of America, Citigroup and Wells Fargo -- three of the biggest banks in the United States -- said they could face fines from a regulatory probe into the industry's foreclosure practices.
Feb 25, 2011
Game fans snap up Nintendo's 3DS at Japan launch
Game fans hit Japanese stores early on Saturday to be among the first to get their hands on Nintendo's new 3D-capable game player, but the gadget's sales may be squeezed in the longer term by competition from smartphones and tablets.
Feb 25, 2011
Wells Fargo, BofA expect foreclosure probe fines
Wells Fargo & Co , the largest U.S. mortgage lender, said it is likely to face fines from regulators and other government agencies as a result of a probe into the industry's foreclosure practices.
Feb 25, 2011
Fed officials play down oil price risks
The Federal Reserve would react to higher oil prices only if the increases spilled over into broader areas, officials of the U.S. central bank said on Friday, with one policy maker calling the risks manageable.
Feb 25, 2011
Iceland to hold Icesave referendum on April 9
Icelanders will vote on April 9 on a plan to repay around $5 billion to Britain and the Netherlands to cover debts from the financial crisis, with popular backing key to keeping an economic recovery on track.
Feb 25, 2011
Richards Bay coal derailment on Thurs minor loss
A derailment on the Richards Bay coal line near Ermelo on Thursday is unlikely to result in large tonnage lost, rail and exporter sources said.
Feb 25, 2011
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