Last month's huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world's top two reinsurers said, but it looks unlikely to raise reinsurance prices.
Maurice Hank Greenberg, the former chief executive of American International Group Inc , will testify on Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc , a judge ruled.
U.S. real estate investor Andrew Farkas is all set to buy Centerline Holding Co, a provider of real estate financial and asset management services, by investing $100 million in equity in the company, the Wall Street Journal said.
Maurice Hank Greenberg, the former chief executive of American International Group Inc , believes he no longer faces possible criminal charges over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc .
Warren Buffett says he worries about all currencies.
After a healthcare summit last week failed to win Republican converts, Obama and his fellow Democrats have been expected to launch a final push for an overhaul of the $2.5 trillion healthcare industry using a process known as reconciliation to move the measure through the Senate without opposition support.
Warren Buffett said out of control health care costs are a tapeworm limiting growth in an economy recovering only fitfully from the financial crisis.
NEW YORK, March 1 Reuters) - Warren Buffett said the U.S. economy has passed the worst of its troubles but faces an uneven recovery as consumers keep a tight rein on spending.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.5 to 0.7 percent, pointing to a higher start to Wall Street on Monday.
NEW YORK, Mar 1 Reuters) - Warren Buffett said the U.S. has passed the worst of what he called an economic Pearl Harbor, yet admitted that the recovery could be slow, including at his Berkshire Hathaway Inc .
In his annual letter to shareholders, legendary investor Warren Buffett outlined a few approaches to investing and business management that should be avoided.
Warren Buffett defended his issuance of $10.6 billion of Berkshire Hathaway Inc stock as part of this month's acquisition of Burlington Northern Santa Fe Corp -- even as he admitted that issuing stock is as much fun as preparing for a colonoscopy.
Warren Buffett's Berkshire Hathaway Inc said fourth-quarter profit surged, helped by derivatives bets tied to global stock markets, though operating profit fell 40 percent as the weakened economy weighed on several businesses.
Warren Buffett has said the hundreds of billions of dollars of taxpayer-funded bailouts of corporate America will eventually pay off.
Warren Buffett's Berkshire Hathaway Inc said fourth-quarter profit surged, helped by improved results from derivatives bets tied to global stock markets, though operating profit fell 40 percent as the weakened economy weighed on several businesses.
Berkshire Hathaway Inc, Warren Buffett's insurance and investment company, reported a higher fourth-quarter profit, helped by improved results from investments and derivatives.
Unlike many corporate chiefs, Warren Buffett often plays down the prospects of his company Berkshire Hathaway Inc , while trying to keep investors focused on the long term.
BYD Co Ltd, a Chinese car and battery maker founded by China's wealthiest man and backed by U.S. billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be improving demand in a recovering global economy.
China's BYD Co Ltd , backed by U.S. billionaire Warren Buffett, aims to sharply boost its car exports this year, banking on improving demand as the global economy recovers, an executive said on Tuesday.
Swiss Re was more confident it could repay a costly convertible loan from Warren Buffett after strengthening its capital and returning to the black in 2009.
Warren Buffett's Berkshire Hathaway Inc reported lower stakes in ConocoPhillips, Johnson & Johnson and Procter & Gamble Co in the fourth quarter.
There's only one Warren Buffett to go around, and non-U.S. investors will get less of him this year.
