Buffett looks to succession, signals future growth problem
NEW YORK (Reuters) – In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. But he now says: Do n…
Warren Buffett says Berkshire has ‘right person’ as heir
NEW YORK (Reuters) – Warren Buffett, the billionaire chief executive of Berkshire Hathaway Inc, told investors on Saturday that the company had found his successor, and the company’s vice chairman, Charlie Munger, identified two Berkshire executives as…
Buffett says ‘sprawl’ is good, but may not be good enough
NEW YORK (Reuters) – Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc’s “sprawl,” but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: averag…
Buffett says ‘sprawl’ is good, but may not be good enough
NEW YORK (Reuters) – Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc’s “sprawl,” but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: averag…
Herbalife cuts pay of CEO Johnson 36 percent after missed targets
BOSTON (Reuters) – Herbalife Ltd cut the pay of Chief Executive Michael Johnson 36 percent for 2014 after the nutrition and weight loss company failed to meet performance goals set for him and other top executives, according to a securities filing on F…
Berkshire Hathaway net falls, operating profit rises
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved.
BP ex-chief Browne to run Russian oligarchs’ oil venture: FT
LONDON (Reuters) – John Browne, the former chief executive of BP , will take charge of a $10 billion oil and gas venture backed by Russian billionaire Mikhail Fridman to help it expand internationally through partnerships and acquisitions, the Financial Times reported. 
HSBC not the troublemaker made out to be, rival Swiss banker says
ZURICH (Reuters) – HSBC , in the spotlight after details emerged about how its Swiss unit allegedly helped clients dodge taxes, isn’t the troublemaker it is currently depicted as, the head of a rival private bank was quoted saying on Saturday.
Greece seeks negotiations on ECB bond repayment
ATHENS (Reuters) – Greece called into question on Saturday a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to international creditors.
Brazil probe of dictatorship period not satisfied by Volkswagen testimony
SAO PAULO (Reuters) – The leader of a truth commission investigating abuses during Brazil’s 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called “unsatisfactory” testimony regarding …
