IBT Staff Reporter

135931-135960 (out of 154944)

Buffett says Wells Fargo to ride out credit crisis

Warren Buffett on Saturday expressed strong support for Wells Fargo & Co, one of the largest equity holdings of his Berkshire Hathaway Inc, saying it is a fabulous bank that is well-positioned to ride out the financial crisis.

Motivators, coaches weigh in on 'dirty' CEO label

A group of three motivators, whose work includes executive coaching, business management consulting and formulating creative approaches for changing organizations, weighed in on a discussion topic asking if the negative perceptions some Americans have about chief executive officers as being greedy and incompetent is fair and when the CEO label can stop being a “dirty word.”

Sonatel share sale to France Telecom abandoned

DAKAR - Senegal has abandoned a planned share sale that would have handed majority ownership of state telecoms company Sonatel to France Telecom, government and union officials said on Friday.

Buffett: Berkshire may lose money on some derivatives

Warren Buffett on Saturday said he believes the Berkshire Hathaway Inc derivatives contracts tied to equity stock indexes will probably make money, but those tied to the credit quality of junk bonds may end up in the red.

Investor activism gains momentum amid crisis

U.S. big businesses are being pushed by lawmakers and regulators to expand shareholder democracy in the wake of the financial crisis -- with executive pay and board of director elections the main areas where changes soon could be on the way.

Hawaii

The Hawaiian Islands are located in the middle of the Pacific Ocean approximately 2,400 miles (4.000 km) southwest of California. You can go there only by airplane or boat. There are six major islands: Oahu, Maui, The Big Island of Hawaii, Kauai, Molokai and Lanai. Each island is unique and may feature live volcanoes, lava flows, tropical rain forests, beautiful beaches, sugar cane fields, pineapp...

Major U.S. carriers cut Mexico service

Major U.S. airlines including Delta Air Lines, U.S. Airways, Continental Airlines and UAL Corp's United Airlines said they were cutting services to Mexico on Friday, citing lower demand for flights to the country hard hit by a flu outbreak.

Major U.S. carriers cut Mexico service amid flu

Major U.S. airlines including Delta Air Lines, U.S. Airways, Continental Airlines and UAL Corp's United Airlines said they were cutting services to Mexico on Friday, citing lower demand for flights to the country hard hit by a flu outbreak.

Citi capital needs seen manageable

The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to boost its equity at all, people familiar with the matter said on Friday.

Citigroup capital needs manageable: sources

The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to boost its equity at all, people familiar with the matter said on Friday.

U.S. regulators seize a bank to bankers

U.S. regulators seized Silverton Bank of Atlanta on Friday, a bank that provided services to other banks and the biggest bank failure so far this year, but officials said the impact would be minimal.

WaMu seeks to investigate JPMorgan conduct in deal

Washington Mutual Inc on Friday asked a U.S. bankruptcy court to let it probe whether JPMorgan Chase & Co had unlawfully damaged its former thrift unit's assets in order to buy it on the cheap, at $1.9 billion, last September.

Cyber chief needs to be in White House: experts

The cybersecurity chief named to battle Internet viruses and larger challenges facing the information technology networks used by U.S. companies and national defense should be based in the White House, experts told a congressional panel on Friday.

Feds seize “bankers bank” Silverton

The federal government shut down Atlanta-based Silverton Bank on Friday, dealing a blow to a “bankers bank” with 1,400 client banks in 44 states, Federal regulators said today.

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