Berkshire has reduced its stake as various regulatory inquiries and a slowdown in the business of rating lucrative structured bonds has taken a toll.
He asked world leaders to use the upcoming G-20 summit in Cannes to find solutions for the entire global economy and not focus merely on domestic financial concerns.
'Magic Bus'will allow the kids to get sports coaching and counselling.
A private funeral for Apple co-founder Steve Jobs, who died on Wednesday after a seven-year battle with pancreatic cancer, was held, according to a media report. It was a small private gathering on Friday, the Wall Street Journal quoted a person familiar with the matter as saying.
A private funeral for Apple co-founder Steve Jobs, who died on Wednesday after a seven-year battle with pancreatic cancer, was held, according to a media report. It was a small private gathering on Friday, the Wall Street Journal quoted a person familiar with the matter as saying.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
Lawyers of embattled Goldman Sachs met with representatives of the US market regulator SEC this week, a move seen as an attempt to settle the lawsuit against the banking major, according to reports.
BSE benchmark Sensex nursed losses on Friday as investors pocketed gains after a five-session winning streak amid a bearish trend overseas. A depreciating rupee and foreign fund outflows further soured risk sentiment, traders said. The 30-share gauge, which had started the trade on a firm note, soon gave up all the gains and finally ended 651.85 points or 1.08 per cent lower at 59,646.15. The broader NSE Nifty snapped its eight-day rally to close at 17,758.45, down 198.05 points or 1.10 per cent.
The conviction of Pakistani national Ajmal Kasab by a Mumbai court in 26/11 terror attack case has been widely carried in the US media on Tuesday, the day on which it was itself grappling with trying to find out who was behind the failed Times Square car bombing.
Goldman Sachs' director Rajat Gupta tipped off Raj Rajaratnam, an accused in insider trading scam, about a deal between Buffett-led Berkshire Hathaway and the Wall Street giant, before the public announcement.
The US government is examining the possible role of Goldman Sachs and well-known investment banker Rajat Gupta in the Galleon hedge fund insider trading scam, says a media report.
An advertisement by Pakistan in America's leading daily the Wall Street Journal on the 10th anniversary of the 9/11 attacks has not gone down well with readers in New York with some calling the ad a "joke".
A Wall Street Journal report quoted a Yahoo insider as saying that 'Yahoo is open to selling itself to the right bidder'.
The US Federal Trade Commission is understood to be preparing for an antitrust challenge against Internet giant Google's proposed purchase of mobile advertising firm AdMob, a media report says.
The US-hosted Nuclear Security Summit, to be attended by leaders of 40 countries including Prime Minister Manmohan Singh, is expected to issue a communique endorsing a global crackdown on illicit trade of nuclear material. A draft communique also calls for securing all vulnerable nuclear materials within 4 four years, The Wall Street Journal reported on Wednesday.
As per the study of CEOs of 200 major US companies, the median compensation fell marginally by 0.9 per cent to $6.95 million in 2009, the Wall Street Journal said, citing an analysis by Hay Group management consultancy.
Eid ul Fitr or the 'festival of fast breaking' is the most celebratory of all Muslim festivals.
Google Inc has asked some television-set makers to delay the launch of TV sets based on the internet company's software, says a media report.
New York prosecutors are poised to file civil fraud charges against Ernst & Young.
A few weeks ago, contrary to speculations among the Chinese, Zhao Baige, deputy director of the National Population and Family Planning Commission of China, announced that the country would be continuing with its one-child policy for another five-year term starting 2011.
India's Permanent Representative to the UN Hardeep Puri invited over two dozen journalists from the mainstream American media, including the New York Times, the Wall Street Journal and the Washington Post, at a working luncheon to get its point of view on the UN reform process across.
Internet search engine giant Google is testing a new TV-programming search service with satellite television operator Dish Network Corp, a move that would allow users to find content from television and the web.
The trustee liquidating the assets of imprisoned scamster Bernard Madoff has sued J P Morgan seeking damages worth $6.4 billion for allegedly aiding the fraud committed by him.
US will supply sophisticated laser-guided-bomb kits, 12 American-made surveillance drones and 18 late-model F-16 fighters to boost Pakistani forces capability to strike in remote tribal areas, a development which could spark unease in New Delhi.
In an apparent bid to strengthen ties both with India and Pakistan, and create new opportunities for the country's defence firms, the United States is considerably increasing arms sales to the two nuclear powered South Asian nations, a report in the Wall Street Journal (WSJ) said.
A record 15 million people around the world this year entered America's green-card lottery, an immigration scheme offering a quick path to legal and permanent United States residency for 50,000 people annually, a media report said on Monday.
AIG Rail Services Inc, a Chicago business that is part of AIG's financial-services division, was set up around five years ago and provides rail-car leases and equipment financing to shipping companies, railroads and others.
Asserting that the Pune's German Bakery blast should not derail the upcoming foreign secretary-level talks between India and Pakistan, one of the key aides of President Barack Obama, Senator John Kerry has said that Washington is ready to assist both countries, and that the long-pending Kashmir issue should not be a 'prerequisite' in the initial conversation.
The internal battle within the Obama administration seemed to have been won by Paul Volcker, the impressive and outspoken former Federal Reserve chairman who has long been a critic of financial innovation.
Apple's nascent interest comes as Hulu's owners look to sell the popular property. Hulu's owners include Comcast Corp, News Corp and Providence Equity Partners.
Certain publications like the Wall Street Journal and Newsday already charge for online articles, and New York Times will be doing so shortly. Now, the NY Times reports that other newspapers are following suit. "With advertising plummeting, many other publishers eager for a new source of revenue are considering making the switch, despite the risk of losing audience and advertising,"the Times wrote.
Infosys Technologies Ltd expects to find acquisition opportunities in the US during the downturn, co-chairman Nandan Nilekani was quoted as saying on Friday. "Acquisitions will definitely be very accessible in this market from a price point of view," Nilekani told the Wall Street Journal in an interview. "If it makes sense, we'll do it."
United States President Barack Obama is expected to "try his level best to avoid the K-word -- Kashmir" during his three-day trip to India that starts next week, a newspaper has reported.
"Crisis management has been elevated to a very fine skill under his tutelage," said Lyle Gramley, a former member of the US Fed board.
The US had lost communication with nearly 50 intercontinental ballistic nuclear missiles, one-ninth of its arsenal for 45 minutes over the weekend, even as defence officials said that there were no chance of an accidental launch or foul play, a media report said on Wednesday.
Publishing giant HarperCollins is in talks with Apple Inc to make electronic books available for the IT major's new tablet PC - expected to be launched later this month, a media report says.
The provision in this regard is expected to be included by US President Barack Obama when he rolls out his annual budget next month, media reports said.
According to the Wall Street Journal, Pakistan will again raise their demand for a deal -- similar to one the US has with India -- during US Secretary of State Hillary Clinton and Pakistan Foreign Minister Shah Mahmood Qureshi's meeting in Washington on October 22.
In the coming week, the United States and Pakistan will hold their third strategic dialogue since March this year and Pakistan is all set to renew its attempt to push for a civilian nuclear deal with Washington.
Media giant AOL, along with some private equity firms, is 'exploring' making an offer to buy Yahoo Inc, as the Internet company deals with poor financial performance and an exodus of senior executives, a media report said.
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