Stocks were poised for a lower open on Monday as investors looked set to book profits, ahead of a Federal Reserve Board meeting and earnings from some of the nation's largest retailers later this week.
Stock index futures dipped on Monday as investors paused for profit-taking after a sharp run-up, ahead of key indicators on consumer spending due later this week.
Warren Buffett's Berkshire Hathaway Inc posted its best quarter in nearly two years, as recovering stock markets boosted the value of its equity investments and derivatives bets.
Citigroup Inc may give control of its Phibro commodities business to Andrew Hall, the energy trader making headlines for demanding a $100 million payday under his contract, The New York Times said on Thursday, citing a person with knowledge of the negotiations.
Richard Santulli, the chairman and chief executive of Berkshire Hathaway Inc NetJets Inc and long considered a possible successor to Warren Buffett, has stepped down, effective immediately.
NetJets Inc, the fractional aircraft ownership firm, announced on Tuesday that its Chairman, chief executive and founder Richard Santulli is resigning.
Warren Buffett's Berkshire Hathaway Inc has realized a $1.02 billion paper profit on a 10-month-old investment in BYD Co after shares in the Chinese car and battery maker quintupled.
Warren Buffett's Berkshire Hathaway Inc. completed the purchase of a 9.89 percent stake in Chinese electric car maker BYD (Build Your Dreams), after the China Securities Regulatory Commission approved the purchase, BYD told the stock exchange today, Bloomberg reported.
China's bubbly stock market is making heroes out of some unlikely companies. And none more so than BYD Co. (1211.HK), in which Warren Buffett plans to take a 10 percent stake.
LOS ANGELES - A new kids' content company, A Squared Entertainment, has teamed with AOL on a slate of entertainment brands for children.
CIT Group Inc amended its debt restructuring plan on Friday to encourage more bondholders to tender their notes early, and said it intended to keep restructuring out-of-court if the offer succeeded.
Warren Buffett said he has no plans to soon exercise Berkshire Hathaway Inc's warrants to buy $5 billion of Goldman Sachs Group Inc stock, although he could make a big profit by doing so.
CIT Group Inc , which is looking at selling off some assets, is most likely to sell its aviation-finance and rail-finance operations, the Wall Street Journal said, citing sources familiar with the matter.
M&T Bank Corp (MTB.N), a large U.S. mid-Atlantic regional bank, on Monday posted better-than-expected results even as increased credit losses and writedowns led to a 75 percent decline in second-quarter profit.
Rechargeable batteries could become the core technology for the auto industry if pure electric cars enter the mainstream -- a prospect that has carmakers racing to team up with battery makers.
Warren Buffett's Berkshire Hathaway offered $1.7 billion in cash for Bermuda-based reinsurer IPC Holdings, which rejected the bid in favor of a lower offer from Validus, Bloomberg reported, citing two people with knowledge of the bid.
Alaska Gov. Sarah Palin, who ran for Vice President with Republican candidate John McCain in the 2008 Presidential Elections, called the American Clean Energy and Security Act a threat to the U.S. economy in an op-ed piece published in the Washington Post paper on Tuesday.
Progressive Corp (PGR.N), one of the largest U.S. auto insurers, posted its first quarterly profit increase since 2006 on Friday as premiums and investment performance improved and it paid out a smaller percentage of revenue to cover claims.
For the first time since January, the number of Americans filing for unemployment claims fell in the past week according to reports from the Labor Department. The number of initial claims in the week ending July 4 fell 52,000 to 565,000.
Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 percent and a second stimulus package might be needed as the economy struggles to recover from recession.
A bidder agreed to pay $1.68 million (1 million pound) for a steak lunch with billionaire investor Warren Buffett in a charity auction completed Friday night, according to eBay's website, where the bidding took place.
A bidder has offered to pay $456,789 for a steak lunch with billionaire investor Warren Buffett, in a charity auction expected to be completed Friday night on eBay Inc's website.
