Buffett upbeat on American business; Berkshire operating profit down
(Reuters) – Warren Buffett on Saturday mounted a forceful and upbeat defense of the prospects for American business, as his Berkshire Hathaway Inc reported a higher quarterly profit though operating income fell.
Warren Buffett rails against fee-hungry Wall Street managers
NEW YORK (Reuters) – Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy pl…
Gundlach expects U.S. 10-year T-note yield to drop below 2.25 percent
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10-year U.S. Treasury note to drop below 2.25 percent as global investors seek safety.
Record-setting stock rally faces test in Trump speech
NEW YORK (Reuters) – U.S. President Donald Trump’s planned economic agenda has fanned the flames for Wall Street’s record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow t…
Alphabet’s self-driving car unit sues Uber with trade theft charge
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo self-driving car unit sued Uber Technologies [UBER.UL] and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology.
Citi says U.S. regulators are investigating its hiring practices
(Reuters) – Citigroup Inc on Friday said that U.S. government and regulatory agencies are investigating the bank’s hiring practices.
Bombardier shareholder hopes contract dispute is resolved out of court
MONTREAL (Reuters) – The chief executive of Canada’s second largest pension fund, which owns a 30 percent stake in Bombardier Inc.’s transportation division, said on Friday he hopes that a dispute between the company and Toronto’s transportation agenc…
BCBS, Cigna among insurer groups to meet with Trump on Monday
NEW YORK (Reuters) – The Blue Cross Blue Shield Association, which represents insurers in every state, Cigna Corp and Humana Inc said on Friday they would attend a meeting between the health insurance industry and President Donald Trump on Monday.
Ghosts of past tech IPOs could haunt Snap’s performance
(Reuters) – Snap Inc appears set to make a splash next week with the biggest tech stock debut since Facebook Inc, but history suggests investors shut out of the initial public offering would be better off waiting a bit to chase this unicorn on the open…
Porsche, Audi lift VW to record underlying profit
WOLFSBURG, Germany (Reuters) – Record Audi and Porsche sales helped Volkswagen swing to a record underlying profit in 2016, although a bigger than expected charge from the diesel emissions scandal meant it missed estimates for its operating profit.
