Democratic presidential candidates
Hillary Clinton and Barack Obama skirmished over how to deal
with a new regime in Cuba and their approach to expanding health
insurance coverage during a debate last night in Texas.
Obama said he would meet with new Cuban leader Raul Castro
without preconditions, [...]
Hephaestus Holdings Inc., whose
subsidiaries forge parts for auto makers, emerged as the winning
bidder at an auction for the bearings business belonging to
Delphi Corp. Neither Delphi nor the buyer disclosed the price in
statements yesterday.
The hearing to approve the sale is scheduled for March [...]
Lloyds TSB Group Plc, the biggest U.K.
provider of personal loans, said second-half profit increased 10
percent, helped by mortgage lending, asset sales and cost controls.
The bank gained 4.8 percent in London trading after saying
net income in the six months ended Dec. 31 rose [...]
Asian stocks rose in U.S. trading,
led by financial and metal shares, after CNBC reported a bailout
plan for the second-largest bond guarantor may come next week and
Rio Tinto Group predicted further gains in raw-material prices.
Mitsubishi UFJ Financial Group Inc., Japans largest bank by
assets, [...]
Treasury two-year notes fell,
halting a nine-week rally, as the Federal Reserve stopped short
of forecasting a recession and signaled its poised to reverse
interest-rate cuts once the U.S. economy rebounds.
The difference between the two-year notes yield and the
10-year rate narrowed this week for the [...]
Billionaire investor Warren
Buffetts Berkshire Hathaway Inc. said fourth-quarter profit
fell 18 percent on declining insurance rates.
Net income decreased to $2.95 billion, or $1,904 a share,
from $3.58 billion, or $2,323, a year earlier, the Omaha,
Nebraska-based company said today in a statement. Berkshire
typically gets about [...]
Billionaire investor Warren Buffett
stepped into a debate about the emergence of sovereign wealth
funds, saying the government-controlled firms are fueled by U.S.
spending overseas, not political motives.
This is our doing, not some nefarious plot by foreign
governments, Buffett, the chairman of Berkshire Hathaway Inc.,
said yesterday [...]
The retention of AAA credit ratings
for the insurance units of MBIA Inc. and Ambac Financial Group
Inc. earlier this week brought the global banking system and
capital markets back from the brink.
But just how deserving the worlds two biggest bond
insurers are of AAA rankings [...]
Federal Reserve policy makers
diverged on their assessments of interest rates and economic
risks, with some highlighting dangers of a deeper slowdown and
others stressing the need to maintain credibility on inflation.
Boston Fed Bank President Eric Rosengren, among five
officials who spoke yesterday, said central bankers [...]
Treasuries rose, pushing two-year
note yields to the biggest weekly drop since October, after
Federal Reserve Chairman Ben S. Bernanke signaled the central
bank is prepared to cut interest rates again.
Three-month bill rates fell to the lowest level since 2004
as a government report showed the [...]
