Berkshire prefers buying big businesses: Buffett on CNBC
(Reuters) – Conglomerate Berkshire Hathaway would rather keep buying big businesses than simply adding to stock holdings, company head and legendary investor Warren Buffett said on Monday.
Will Warren Buffett’s investment advice work for you?
New York (Reuters) – In his most recent Berkshire Hathaway shareholder letter, the ever-folksy Warren Buffett sounds more like a personal finance guru than a financial mastermind, focusing on buy-and-hold investing and advocating indexing strategies.
Carlos vs. Carlos: Peugeot move turns double-act to rivalry
PARIS (Reuters) – Whatever the secret of French carmaker Renault’s crisis-defying performance, Carlos Tavares has taken it with him to domestic competitor PSA Peugeot Citroen .
Soros, foreign funds back Bankia stake sale: source
MADRID (Reuters) – Billionaire financier George Soros was one of the investors in bailed-out lender Bankia , after the Spanish government began selling down its stake, which was almost entirely placed with foreign funds, a source familiar with the proc…
Icahn says demanding review of eBay records
NEW YORK (Reuters) – Activist investor Carl Icahn is demanding a review of eBay Inc’s records on its sale of Skype, reiterating his view that eBay board member Marc Andreessen had conflicts of interest, while eBay called Icahn’s criticisms “false and m…
Most investors in survey back Pepsi split; Buffett opposes
LOS ANGELES (Reuters) – Investor Warren Buffett and some Wall Street fund managers are divided on activist Nelson Peltz’s renewed proposal to split PepsiCo Inc’s robust snacks division from its beverage business.
Banks caught in storm as Ukraine tensions rise
MOSCOW (Reuters) – Bankers scrambled to assess possible damage to corporate deals and tried to calm customers on Monday after Russia’s military intervention in Ukraine unnerved financial markets and hit bank shares in Russia and across Europe.
Russian power play risks full-scale investor exodus
LONDON (Reuters) – Russia’s power play for Ukraine’s Crimea region is putting to flight foreign stock and bond investors, who are rattled by the Kremlin’s overruling of the country’s economic interests in favor of its military ambitions.
FedEx raises freight unit rates 3.9 percent
(Reuters) – FedEx Corp said on Monday it will raise shipping rates at its freight business by 3.9 percent, effective March 31.
Valero Energy CEO Bill Klesse to retire in May
HOUSTON (Reuters) – Bill Klesse, the silver-haired chief executive officer of Valero Energy Corp , the largest U.S. refiner, will retire in May after eight years at the helm, the company announced on Monday.
