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.
PNC Financial gets DOJ subpoena over payment processors
(Reuters) – PNC Financial Services Group Inc said it had received a subpoena from the U.S. Department of Justice seeking information about its relationship with certain merchant and payment processor customers.
U.S. Supreme Court agrees to hear Amazon workers’ security check case
(Reuters) – The U.S. Supreme Court agreed on Monday to hear a case that could determine whether companies such as Amazon.com Inc must pay workers for the time they spend waiting to clear security checks at the end of their work shifts.
U.S. manufacturing growth accelerates in February : ISM
NEW YORK (Reuters) – U.S. manufacturing growth rebounded off an eight-month low in February, helped by a recovery in new orders, an industry report showed on Monday.
New German chairmen change guard at Novartis, Roche
ZURICH (Reuters) – When outgoing Lufthansa chief executive Christoph Franz takes over as chairman of Swiss drugmaker Roche on Tuesday, it could be the start of a new era of less-frosty relations with arch-rival Novartis .
Gold, oil rise as Ukraine tensions spur safe-haven bids
NEW YORK (Reuters) – Russia’s intervention in Ukraine sent crude oil and prices for gold and government debt higher on Monday as investors sought safe havens.
U.S. consumer spending rises, boosted by jump in services
WASHINGTON (Reuters) – U.S. consumer spending rose more than expected in January as outlays on services recorded their largest increase since late 2001, likely driven by demand for heating.
FedEx raises freight unit rates
(Reuters) – FedEx Corp said it will raise shipping rates at its freight business by 3.9 percent, effective March 31.
Shell says ex-Deutsche Bank CEO Ackermann to retire from board
LONDON (Reuters) – London-listed oil company Royal Dutch Shell said board-member Josef Ackermann would retire as a non-executive director at its annual meeting in May.
Exclusive : New Peugeot boss eyes further cost cuts
PARIS (Reuters) – PSA Peugeot Citroen may seek more cost savings and does not rule out capacity cuts in France after 2016 if they are needed to turn the struggling carmaker around, new Chief Executive Carlos Tavares said on Monday.
