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.”
Motor racing-Formula One can live without Ferrari, says Mosley
Formula One could live without Ferrari if they were to walk away in protest at the introduction of a budget cap, according to International Automobile Federation (FIA) president Max Mosley.
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.
Small businesses dig in heels as recession bites
Vanessa Baug knows as well as anyone how the recession has ushered in a new era of frugality for Americans. Sales at her once-thriving jewelry store have plummeted. Some days she sells nothing.
Obama reveling in U.S. power unseen in decades
Barack Obama is reveling in presidential power and influence unseen in Washington for decades.
Warren Buffett expects record crowd despite tough year
By one measure, Warren Buffett is coming off his worst year ever. But by another measure, the investor may be more popular than ever.
Stress tests, Bernanke, flu to dominate week ahead
U.S. stocks keep proving the naysayers wrong, as major averages continue to gain despite expectations for the recent rally's demise. And next week may be no different.
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.
CORRECTED - Major U.S. carriers cut Mexico service
(Corrects number of countries with confirmed flu cases to 15)
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.
Citigroup need for capital may be 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 raise funds, people familiar with the matter said on Friday.
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.
Apple's push into chips could unnerve suppliers
Apple's push toward its own microchips could dislodge partners
Three U.S. carriers cut Mexico flights on flu fears
U.S. Airways, Continental Airlines and United Airlines parent UAL Corp temporarily cut service to Mexico on Friday, citing lower demand for flights to the country hardhit by a flu outbreak.
Fiat might be biting off more than it can chew
Fiat's lifeline to Chrysler has cast it in the unlikely role of saviour of the U.S. car industry but a further deal with Opel might be a bridge too far.
Petrobras brings Brazil's new oil wealth onstream
Petrobras may be embarking on opening a new era for Latin America's largest economy
Citigroup said to need up to $10 billion: report
Citigroup Inc may need to generate up to $10 billion in new capital to meet the requirements of the U.S. government's stress tests, the Wall Street Journal reported on its website on Friday,
Continental, United cut Mexico flights on flu fears
United Airlines parent UAL Corp said on Friday it would temporarily cut service to Mexico, becoming the second major U.S. airline to curb service to the country hit hard by a flu outbreak.
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.
'WhiteHouse 2.0’ embraces social networking
The White House administration said today that it will be joining three social networking sites in a bid to expand how the administration communicates with the public.
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.
Chrysler wanted Nissan alliance prior to Fiat: report
Chrysler LLC, which filed for bankruptcy protection yesterday, pursued an alliance with Nissan Motor Co. in July of last year before reaching out eventual partner Fiat SpA, according to a report.
U.S. regulators seize Silverton commercial bank
U.S. banking regulators seized Silverton Bank of Atlanta on Friday, a bank that provided services to other banks, the biggest bank failure so far this year.