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Berkshire Buys Burlington in Buffett's Biggest DealBloomberg - - 1 hour ago Nov. 3 (Bloomberg) -- Warren Buffett'sBerkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in what he described as an “all-in wager on the economic future of the United States. Video: Buffett's Berkshire Buying BNSF Railroad GM, Ford, Toyota US Vehicle Sales Climb as Chrysler Reports 30% DeclineBloomberg - - 33 minutes ago Nov. 3 (Bloomberg) -- General Motors Co. and Ford Motor Co. both said US auto sales rose in October, their first combined increase in three years, as the industry rebounded from a drop in demand after the so-called cash ... Video: Gettelfinger on Ford Deal Ford Oct US Sales Grow 3.3%, Chrysler Down 30% Wall Street Journal UPDATE 3-Ex-Madoff auditor pleads guilty, denies knew of fraudReuters - - 23 minutes ago NEW YORK, Nov 3 (Reuters) - The former outside accountant for Bernard Madoff's firm pleaded guilty to fraud charges on Tuesday, but he told a US judge he did not know about the swindler's multibillion-dollar Ponzi scheme, ... Video: Money Minute: Ponzi Plea; Buffet Deal, More Madoff accountant pleads guilty CNNMoney.com A tale of two banks at RBS and Lloydsguardian.co.uk - 40 minutes ago Royal Bank of Scotland's shares down almost 20% in two days; Lloyds's shares an oasis of tranquillity. Those market reactions tell the story of the banking bailout part 3, or part 2(b) as the government would probably prefer. Lloyds and RBS Suffer Different Fates Wall Street Journal LA Clippers Owner Settles Discrimination LawsuitBloomberg - - 1 hour ago Nov. 3 (Bloomberg) -- Donald Sterling, owner of the National Basketball Association's Los Angeles Clippers, agreed to pay $2.73 million to settle a US government lawsuit accusing him of housing discrimination. Clippers owner pays $2.7M in housing bias lawsuit The Associated Press Chrysler's Marchionne Said to Forecast Profit by End of 2011Bloomberg - - 37 minutes ago Nov. 3 (Bloomberg) -- Chrysler Group LLC, the money-losing US automaker run by Fiat SpA, expects to break even next year and be profitable by the end of 2011, three people familiar with the matter said. Chrysler's big uphill climb CNNMoney.com FOCUS: Fiat Brings Know-How, Not Just Models, To Chrysler Wall Street Journal Long-Dated Treasurys Down Before FOMC Decision, Supply DetailsWall Street Journal - - 1 hour ago NEW YORK (Dow Jones)--Prices of longer-dated Treasurys were lower Tuesday afternoon as investors adjusted bets on the outcome of the Federal Reserve monetary policy meeting and upcoming details for next week's ... Treasurys decline ahead of Fed, auction details The Associated Press Royal Caribbean Forecasts Loss as Bookings DeclineBloomberg - - 56 minutes ago Nov. 3 (Bloomberg) -- Royal Caribbean Cruises Ltd., the world's second-largest cruise operator, forecast a loss for this quarter as bookings declined more than the company expected in a seasonally slow period. Royal Caribbean profit falls 44 pct in 3Q The Associated Press Port of Baltimore breaks cruise ship passenger record Bizjournals.com Johnson & Johnson to Overhaul Pharma, Cut 7000 JobsBusinessWeek - - 1 hour ago The recession has slammed Johnson & Johnson (JNJ), the world's largest health-care company. So, CEO William Weldon on Nov. 3 announced an overhaul that will result in layoffs of 6% to 7% of J&J's 117000 employees, or more than 7000 ... J&J To Cut Up To 7% Of Work Force, Cites Economy Wall Street Journal PRECIOUS METALS: NY Gold Hits Record High After RBI PurchaseWall Street Journal - - 52 minutes ago Gold futures stormed to record highs Tuesday following news that India's central bank bought 200 metric tons of the precious metal from the International Monetary Fund last month. Gold surges to an all-time high CNNMoney.com House Panel to Begin Work on Systemic Market Risk BillWall Street Journal - - 2 hours ago WASHINGTON -- A US House panel will begin work on legislation this week to deal with systemic risks to the financial markets, though a final committee vote could take some time. Frank: banks must pay systemic fee in advance MarketWatch Landry's Reaches New Buyout Deal With CEO; Valued At $238MWall Street Journal - - 3 hours ago NEW YORK (Dow Jones)--With the credit markets unfrozen, Landry's Restaurants Inc. (LNY) has reached a new buyout deal with Chairman and Chief Executive Tilman Fertitta, valuing the company at ... Landry's Restaurants OKs $1.2B acquisition offer The Associated Press UPDATE 1-Omnicare, Teva co pay $112 million for kickbacksReuters - - 23 minutes ago WASHINGTON, Nov 3 (Reuters) - Omnicare Inc (OCR.N), the largest US provider of pharmacy services to nursing homes, will pay $98 million and Teva (TEVA. US DOJ:Omnicare To Pay $98M,Teva Unit $14M In Kickbacks Case Wall Street Journal Market Report -- In Play (OCR) MSN Money Bank of America's Next Chief May Be Based in New YorkBloomberg - - 33 minutes ago Nov. 3 (Bloomberg) -- Bank of America Corp. broadened its search for a chief executive officer to include candidates who want to live in New York, acknowledging the bank's biggest units are no longer based in its ... Report: Next CEO may run Bank of America from New York Bizjournals.com Bank of America Called Out on CEO Search TheStreet.com WRAPUP 1-U.S. factory orders rise, bolstering recoveryReuters - - 24 minutes ago WASHINGTON, Nov 3 (Reuters) - US factory orders rose a stronger-than-expected 0.9 percent in September and inventories continued to shrink, bolstering the prospects for a sustained economic recovery. Factory orders rise 0.9 percent in September The Associated Press Nokia Siemens Plans Workforce Cuts, Seeks PurchasesBloomberg - - 2 hours ago Nov. 3 (Bloomberg) -- Nokia Siemens Networks plans to slash as many as 5760 jobs in the second round of cuts since the joint venture between Nokia Oyj and Siemens AG was created. Nokia Siemens to Cut Up to 9% of Workforce New York Times New Black & Decker Bid UnlikelyBarron's - - 1 hour ago Stanley Works' agreement to acquire Black & Decker for $3.46 billion will likely not be topped, says Sterne Agee. By Sterne Agee ($47.34, Nov. 3, 2009) Stanley Black & Decker will have pro forma sales of $8.4 billion. Black & Decker soars on Stanley Works deal MarketWatch Black & Decker and Stanley Tools to merge OCRegister Viacom's Profit Rises 15%, TV Ad Demand ImprovesWall Street Journal - - 1 hour ago Viacom Inc. executives said Tuesday that they were seeing increased demand and strong prices for television advertising heading into the holiday season, adding to an up-tempo chorus from media executives after a brutal ... Viacom tries to prove its relevance MarketWatch Viacom 3Q profit jumps 15 pct on strong box office The Associated Press UBS' US Wealth Mgmt Unit Had $9.6B In Client-Money OutflowsWall Street Journal - - 1 hour ago NEW YORK (Dow Jones)--UBS ag's (UBS) US Wealth Management unit had a second straight quarter of client-money outflows, as clients took out $9.6 billion in the third quarter. UBS pins hopes on rebuilding investment banking unit guardian.co.uk Oil Rises More Than $1 on Failure to Break Though 2-Week LowBloomberg - - 33 minutes ago Nov. 3 (Bloomberg) -- Crude oil rose more than $1 a barrel after failing to decline below a two-week low and as the India's central bank purchase of gold bolstered the appeal of commodities to investors. OIL FUTURES: Oil Up On US Factory Orders; Commodity Buying Wall Street Journal |
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