State-run TV marked Chinese New Year with a video of US billionaire Warren Buffett singing and playing a ukulele.
Warren Buffett announces that Berkshire Hathaway will buy the Omaha World-Herald, despite Warren Buffett's earlier predictions of 'unending losses' for most newspapers.
Insider trading has been a target of both the Bush and Obama administrations. The case against Rajat Gupta, a former director of both Goldman Sachs and Procter & Gamble, is part of a major crackdown on insider trading.
Insider trading charges brought against former Goldman director Rajat Gupta. Charges stem from insider trading case that netted Raj Rajaratnam 11 years in prison.
Stock buybacks would occur when Berkshire Hathaway stock is within 110 percent of book value. If stock buybacks happen, they would be the first in Warren Buffett's 46 years heading Berkshire.
Stocks rallied Monday amid hopes for a fix to Europe's debt problems. The Dow went up 272 points to close at 11043, making up nearly a third of last week's losses.
According to Forbes Magazine, the richest person in the world is Carlos Slim Helu, with a net worth of $74 billion. He is the chairman and chief executive of telecommunications companies Telmex and América Móvil and has extensive holdings in other Mexican companies through his conglomerate, Grupo Carso SAB, and other global business interests.
Bank of America's woes are so large that it could take a page from the asbestos settlements trusts of more than a decade ago. Bank of America faces a raft of lawsuits claiming it knowingly sold them securities backed by shoddy home loans.