Buffett: moving oil by rail safely major industry concern
NEW YORK (Reuters) – Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely.
Facebook first-quarter revenue grows 72 percent on rising mobile ads
SAN FRANCISCO (Reuters) – Facebook Inc’s mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street’s financial targets.
Exclusive: Marubeni says Chinese authorities detain three staff at grain unit
TOKYO/BEIJING (Reuters) – Three employees at one of Marubeni Corp’s grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move sources told Reuters was prompted by allegations the unit evaded tax…
Wal-Mart says former CEO Scott to retire from board
(Reuters) – Wal-Mart Stores Inc said former Chief Executive Officer Lee Scott and board member Chris Williams will not stand for re-election to the retailer’s board.
Qualcomm faces China bribery allegations from U.S. regulator
SAN FRANCISCO (Reuters) – Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned companies in China.
Tech sector brightens as Apple jumps 8 percent
SYDNEY (Reuters) – Asian markets could get a lift on Thursday after tech heavyweights Apple and Facebook beat Wall Street expectations, sending their stock up sharply and boosting Nasdaq futures.
Bipartisan group slams U.S. SEC for resisting email privacy reform
WASHINGTON (Reuters) – A coalition of liberals and conservatives is lashing out at the U.S. Securities and Exchange Commission for pushing back against legislation that would force government agencies to get warrants before they access the email of peo…
Apple expands buybacks by $30 billion, OKs seven-for-one stock split
SAN FRANCISCO (Reuters) – Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock’s appeal to …
Buffett: No need for more BNSF rail car buys on Keystone delay
NEW YORK (Reuters) – Warren Buffett, the chairman of Berkshire Hathaway , said on Wednesday the company’s BNSF railroad unit probably will not need to expand its rail car purchases as a result of delays in the Keystone pipeline construction.
Exclusive: White House considers former banking lawyer for Fed board – sources
NEW YORK/WASHINGTON (Reuters) – A former lawyer with the American Bankers Association is being considered by the White House as a possible nominee to the board of the Federal Reserve, according to sources familiar with the efforts
