BERKSHIRE HATHAWAY INC News
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Wells Fargo & Co., the largest U.S. home lender and the nation’s most valuable bank, closed at a record high yesterday as strength in the economy and housing markets spurred buyers.
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The amount of dollar-denominated bonds issued by companies in Asia is growing almost 10 times faster than the global corporate debt market, raising concern that investors are lowering their standards as they seek to take advantage of the region’s relatively high yields.
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No North American railroad is a more alluring, or expensive, takeover target than Kansas City Southern.
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Bill Gates is once again the world’s richest person.
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U.S. stocks fell, pulling benchmark indexes down from records, and the Dollar Index reversed losses as Federal Reserve officials discussed scaling back stimulus efforts. Gold futures extended the longest slump since 2011.
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U.S. stocks fell, ending four days of records for the Standard & Poor’s 500 Index, amid disappointing economic data and after a Federal Reserve official said the central bank may slow the pace of stimulus as early as this summer.
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U.S. Commerce Secretary nominee Penny Pritzker received $54 million last year from an offshore trust in the Bahamas, according to a disclosure report that describes an empire of casinos, hotels, energy companies and family trusts that may be worth more than $2 billion.
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Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter.
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Tribune Co. Chief Executive Officer Peter Liguori, responding to a protest over a possible sale of the Los Angeles Times to Koch Industries Inc., said speculation over potential buyers of the company’s papers is “premature.”
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Warren Buffett’s Berkshire Hathaway Inc. took a stake in Chicago Bridge & Iron Co. in a bet that the construction company will benefit from infrastructure spending as customers liquefy natural gas and use it as a feedstock.
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