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EIB investigates loans to Daimler in light of diesel questions: Welt

Business RSS - 30 min 20 sec ago
FRANKFURT (Reuters) - The European Investment Bank may ask Daimler to pay back loans extended for research and development in light of a report linking the Mercedes maker to diesel emission-test cheating, Welt am Sonntag reported.

Amazon is driving head-on into UPS and FedEx - Fox Business

Google RSS - 3 hours 36 min ago

Amazon is driving head-on into UPS and FedEx
Fox Business
Amazon.com has been preparing to go after UPS and FedEx for years. Now, the online retailer looks as though it's finally making the big leap to into package delivery. Continue Reading Below. The Wall Street Journal recently reported the launch of a new ...

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Buffett says 'terrible mistake' for long-term investors to be in bonds

Business RSS - 3 hours 54 min ago
NEW YORK (Reuters) - Billionaire Warren Buffett prodded ordinary investors on Saturday to stay invested in U.S. stocks, ignoring price swings, guidance from people with fancy credentials and the temptation to load up on bonds.

Buffett says Berkshire can handle $400 billion mega-catastrophe

Business RSS - 3 hours 54 min ago
(Reuters) - A giant hurricane, earthquake or other conflagration inflicting unprecedented, catastrophic damage is likely at some point to strike the United States.

China's Geely makes $9 billion Daimler bet against tech 'invaders'

Business RSS - 4 hours 18 min ago
BEIJING/FRANKFURT (Reuters) - Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives.

Berkshire boosts liability estimate on AIG reinsurance contract

Business RSS - 4 hours 26 min ago
(Reuters) - Berkshire Hathaway Inc , the conglomerate run by billionaire Warren Buffett, on Saturday disclosed a $1.8 billion increase in estimated claim liabilities under a big reinsurance contract with American International Group Inc .

Bank of America says it will talk to gunmakers about how to stop mass shootings - CNBC

Google RSS - 5 hours 3 min ago

CNBC

Bank of America says it will talk to gunmakers about how to stop mass shootings
CNBC
Bank of America will talk to its gunmaker clients about what the companies can do to help stop deadly mass shootings. "We are joining other companies in our industry to examine what we can do to help end the tragedy of mass shootings, and an immediate ...
Scoop: Bank of America to review relationships with gunmakersAxios

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Volkswagen Settles US Emissions Lawsuit Just Before Trial - Fortune

Google RSS - 5 hours 25 min ago

Fortune

Volkswagen Settles US Emissions Lawsuit Just Before Trial
Fortune
Volkswagen AG came to an agreement to settle a lawsuit over the company's marketing of clean-emissions vehicles, resolving a contentious fight over consumer fraud claims just before it was about to go to trial. The suit was dismissed on Friday by ...
Volkswagen Results Benefit From Strong Sales, Cost CuttingWall Street Journal
BMW to recall 11700 cars after installing wrong engine softwareAOL
VW Offers Tempered Forecast for 2018 on Economy, Diesel RisksBloomberg
CTV News -ETAuto.com -Motley Fool -Digital Trends
all 42 news articles »

With $116 billion cash, Buffett says Berkshire needs 'huge' deals

Business RSS - 5 hours 53 min ago
NEW YORK (Reuters) - Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc.

ECB pulls the plug on Latvia's failing ABLV Bank

Business RSS - 7 hours 13 min ago
FRANKFURT/RIGA (Reuters) - Latvia's ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central Bank (ECB) said separately on Saturday.

Another salmonella dog food recall? Yep. And, there's a listeria one, too. - Miami Herald

Google RSS - 8 hours 12 min ago

Miami Herald

Another salmonella dog food recall? Yep. And, there's a listeria one, too.
Miami Herald
Salmonella found in dog treats and listeria found in dog food caused a pair of Friday recalls that continued a terrible two weeks for pet food safety. Though the contaminations were found by Michigan's Department of Agriculture, both products are sold ...
TruPet Recalls Brand Of Pet Treats Over Salmonella ConcernsCBS Philly

all 3 news articles »

Another salmonella dog food recall? Yep. And, there's a listeria one, too. - Miami Herald

Google RSS - 8 hours 12 min ago

Miami Herald

Another salmonella dog food recall? Yep. And, there's a listeria one, too.
Miami Herald
Salmonella found in dog treats and listeria found in dog food caused a pair of Friday recalls that continued a terrible two weeks for pet food safety. Though the contaminations were found by Michigan's Department of Agriculture, both products are sold ...

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Chile president-elect plans to add more Codelco management: paper

Business RSS - 8 hours 26 min ago
SANTIAGO (Reuters) - Chile's President-elect Sebastian Pinera plans to create two new management units at the world's largest copper producer, state-run Codelco, to improve operations, his pick for mining minister told local paper La Tercera on Saturday.

With $116 billion cash, Buffett says Berkshire needs 'huge acquisitions'

Business RSS - 8 hours 57 min ago
NEW YORK (Reuters) - Warren Buffett on Saturday lamented his inability to find big companies to buy, and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc .

Scoop: Bank of America to review relationships with gunmakers - Axios

Google RSS - 9 hours 10 min ago

Axios

Scoop: Bank of America to review relationships with gunmakers
Axios
AR-15 semi-automatic guns on display at a gun store in Utah. Photo: George Frey/Getty Images. Beginning what could become a widespread financial squeeze on gun manufacturers, Bank of America says in a statement to Axios that it is reexamining its ...

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Delta Air Lines terminates discount program for NRA members - WXIA-TV

Google RSS - 9 hours 11 min ago

WXIA-TV

Delta Air Lines terminates discount program for NRA members
WXIA-TV
Delta Air Lines has joined the growing list of firms terminating relationships with the NRA. Author: Michael King. Published: 9:57 AM EST February 24, 2018. Atlanta-based Delta Air Lines issued a statement Saturday morning indicating it was ending its ...

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Latvia calls emergency meeting after third-largest bank fails

Business RSS - 9 hours 53 min ago
RIGA (Reuters) - Latvian authorities will gather for an emergency meeting on Monday following the failure of the country's third-largest bank, the Prime minister said on Saturday, as the country kept watch for any fallout on other banks.

Warren Buffett says Berkshire needs to do 'huge acquisitions'

Business RSS - 9 hours 58 min ago
NEW YORK (Reuters) - Warren Buffett on Saturday said he needs to make "one or more huge acquisitions" to increase Berkshire Hathaway Inc earnings, but admitted that finding a deal at "a sensible purchase price" has become a challenge.

China cuts banking red tape to rally foreign investment - Xinhua

Business RSS - 10 hours 13 min ago
BEIJING (Reuters) - China's banking regulator has introduced steps to cut the red tape for foreign banks, state media agency Xinhua said on Saturday, as part of the government's ongoing effort to promote investment in the country's fast-growing financial sector.

Lower tax rate fuels record profit for Buffett's Berkshire

Business RSS - 10 hours 24 min ago
(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday reported a record quarterly and annual profit, benefiting from a lower U.S. corporate income tax rate.

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