Anbang takeover puts China’s companies on notice
SHANGHAI (Reuters) – When the Chinese government on Friday took control of Anbang Insurance Group Co Ltd, owner of New York’s iconic Waldorf Astoria Hotel, it cited provisions in the country’s insurance law designed to head off financial calamity.
New NAFTA talks aim to clear pathway to toughest issues
MEXICO CITY (Reuters) – Mexico and Canada aim to finish reworking less contentious chapters of the NAFTA trade deal with the United States in new talks that began on Sunday, hoping to clear the path for a breakthrough on the toughest issues before upco…
Delta, United Airlines become latest companies to cut NRA ties
NEW YORK (Reuters) – Delta Air Lines and United Airlines on Saturday became the latest major corporations to sever marketing ties with the National Rifle Association as the fallout from last week’s massacre at a Florida high school took its toll on the…
Bank of America takes aim at gun-making clients
(Reuters) – Bank of America Corp on Saturday became the latest financial heavyweight to take aim at gunmakers, saying it would ask clients who make assault rifles how they can help end mass shootings like last week’s massacre at a Florida high school.
EIB investigates loans to Daimler in light of diesel questions: Welt
FRANKFURT (Reuters) – The European Investment Bank may ask Daimler to pay back loans extended for research and development in light of a report linking the Mercedes maker to diesel emission-test cheating, Welt am Sonntag reported.
Buffett says ‘terrible mistake’ for long-term investors to be in bonds
NEW YORK (Reuters) – Billionaire Warren Buffett prodded ordinary investors on Saturday to stay invested in U.S. stocks, ignoring price swings, guidance from people with fancy credentials and the temptation to load up on bonds.
Buffett says Berkshire can handle $400 billion mega-catastrophe
(Reuters) – A giant hurricane, earthquake or other conflagration inflicting unprecedented, catastrophic damage is likely at some point to strike the United States.
China’s Geely makes $9 billion Daimler bet against tech ‘invaders’
BEIJING/FRANKFURT (Reuters) – Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner’s technology in the growing battle for the future of auto…
Berkshire boosts liability estimate on AIG reinsurance contract
(Reuters) – Berkshire Hathaway Inc , the conglomerate run by billionaire Warren Buffett, on Saturday disclosed a $1.8 billion increase in estimated claim liabilities under a big reinsurance contract with American International Group Inc .
With $116 billion cash, Buffett says Berkshire needs ‘huge’ deals
NEW YORK (Reuters) – Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make “one or more huge acquisitions” of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc.
