Buffett’s compensation edges up; Berkshire gets climate proposal
(Reuters) – Warren Buffett’s compensation for running Berkshire Hathaway Inc edged up 1 percent last year to $470,244, reflecting an increase in the cost of keeping the billionaire safe.
Chipotle co-CEOs 2015 compensation halved amid food-safety scare
(Reuters) – Chipotle Mexican Grill Inc’s co-chief executive officers’ total compensation more than halved in 2015, a year when the one-time Wall Street darling lost flavor following a series of food-borne illnesses linked to its restaurants.
ECB stimulus, firmer oil push S&P 500 to 2016 high
(Reuters) – The Dow and S&P 500 rallied on Friday to their best close of 2016 as investors embraced the European Central Bank’s stimulus measures and steadying oil prices drove up energy shares.
Some bond funds bet on longer-lasting rally in energy debt
NEW YORK (Reuters) – Many bond investors who benefited from the recent rally in battered energy debt prices are maintaining or seeking to add to their holdings, viewing the rally as the start of a longer-lasting uptrend rather than a blip.
MF Global bondholders reach $29.8 million settlement with banks
NEW YORK (Reuters) – Investors who lost money when Jon Corzine’s MF Global Holdings Ltd collapsed reached a $29.83 million settlement with five underwriters that helped the futures brokerage sell bonds in the summer of 2011, less than three months befo…
Washington, D.C. agency cannot agree to Pepco, Exelon proposals on merger
WASHINGTON (Reuters) – A Washington, D.C. agency that advocates for utility customers rejected on Friday a possible compromise that would allow power company Exelon Corp to merge with Pepco Holdings Inc .
Malware suspected in Bangladesh bank heist: officials
DHAKA (Reuters) – Investigators suspect unknown hackers installed malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, for how to go about withdrawing money from its U.S. account, two bank officials briefed on the …
GM buys Cruise Automation to speed self-driving car strategy
(Reuters) – General Motors Co announced Friday it is buying Cruise Automation, a San Francisco self-driving vehicle startup, the latest move by the auto company as it competes with Silicon Valley to develop self-driving cars that could be used in ride-…
Oil, stocks rise; IEA sees bottom for oil market
NEW YORK (Reuters) – Oil prices rose on Friday, boosting world stock markets, after an energy organization said the oil market may have found a floor.
Oil up as IEA sees tighter supply; Goldman says rally premature
NEW YORK (Reuters) – Oil rose up to 2 percent on Friday, with U.S. crude gaining for a fourth straight week, after the world’s energy watchdog said the market may have hit bottom, although Goldman Sachs said the 50 percent rally in under two months was…
