Buffett didn't identify the new pick and he even said the candidate hasn't been notified yet.
The top aftermarket NYSE gainers Tuesday were: Lsb Industries Inc, Assured Guaranty, Southwestern Energy, Collective Brands and DeVry Inc. The top aftermarket NYSE losers were: Kodiak Oil & Gas, Ferro Corp, Kayne Anderson MLP Investment, Darden Restaurants and FXCM Inc.
A senior Muslim Brotherhood member and the head of the foreign affairs committee in the Egyptian parliament said on Monday that the popular political uprising that swept across the Middle East last year, overthrowing many dictatorial regimes including that of Egypt, is headed to Iran.
India's economic growth slowed to its weakest annual pace in almost three years in the three months to December, as high interest rates and rising input costs constrained investment and manufacturing. GDP rose 6.1 percent in October to December compared with a year earlier, a lower-than-expected increase, figures from the statistics office showed.
Here's why the Dow closed above 13,000 for the first time since 2008, indicating that the stock market has finally returned to its pre-recession level.
Rioters armed with knives reportedly attacked victims near the city of Kashgar, killing 10, while police shot two of the attackers dead.
Less than three days after U.S. airlines raised fares for the third time this year, the air travel providers are rolling back increases, market trackers are saying. The roll-backs -- which mean airliners, will have to eat up most of the recent jet fuel cost increases -- result from major industry player Southwest Airlines' unwillingness to follow peers in hiking ticket prices.
An international legal panel based in the Netherlands has decided that it has jurisdiction over a pollution case in Ecuador brought by aboriginals against California-based Chevron. The panel could void damages awarded in the case.
Orders for U.S. factory goods fell in January, as demand for items including machinery and aircraft fell. The decline of 4 percent is the steepest since January 2009, ending two consecutive months of increases and suggesting the economy might not be quite as robust as many experts have believed.
New orders for manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.
General Motors Co. will take up to a 7 percent stake in France's PSA Peugeot Citroen as the two automakers discuss an engineering and development partnership to boost both of their struggling European operations.
Wayin, the new social media venture backed by Sun Microsystems founder Scott McNealy, announced it has raised $14 million in Series B funding from U.S. Venture Partners.
Mortgage interest rates continue to fall, amid concern about a sluggish U.S. economy and the European government debt crisis -- but U.S. home prices are declining in many markets, as well. What should Americans who are possibly thinking about buying a home do now?
Japan's Nikkei average
retreated from a seven-month high Tuesday as traders
took profits ahead of a key selling level, while the chip sector
suffered losses after Elpida Memory Inc said it will
seek bankruptcy protection.
WikiLeaks released over 5 million emails hacked from U.S.-based global intelligence firm Strategy Forecasting, Inc. (Stratfor), revealing an alleged plan between the firm's CEO and a Goldman Sachs executive to set up an investment fund that would rely on inside information gathered by the company.
A decades-old dispute between Argentina and the United Kingdom over the remote Falkland Islands, which the Argentines call the Malvinas, heated up Monday when two Carnival Corp. cruise ships were refused entry at the port of Ushuaia.
Even the world's most revered investor makes mistakes. Warren Buffett admitted he was dead wrong when he predicted a housing recovery last year in his annual letter to shareholders of Berkshire Hathaway, released over the weekend.
Chinese handset maker Xiaomi Technology is looking to raise more funds within the next year or two to boost production and sees revenue in the future coming from software applications rather than handset sales, the firm's president told Reuters on Monday.
Japan's Olympus Corp proposed a new board of directors on Monday in an effort to recover from a $1.7 billion accounting fraud, but the line-up could face a hostile reception from foreign investors when it goes to a shareholder vote.
Warren Buffett, the head of U.S. investment company Berkshire Hathaway, said the firm had chosen his successor but did not identify the person.
China's economic model, driven by exports and investment, is no longer sustainable and reforms are needed to prevent a serious slowdown, the World Bank concludes in a new report.
Japan's Olympus Corp unveiled a proposed new board of directors on Monday in an effort to recover from a $1.7 billion accounting fraud, but the line-up could face a hostile reception from foreign investors when it goes to a shareholder vote.
