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  • LAC-MEGANTIC, Quebec, Aug 19- The Canadian government did not adequately audit the rail firm at the center of last year's Lac-Megantic oil-by-rail disaster, in which 47 people died, the Transportation Safety Board of Canada said on Tuesday.

  • At this year's Camp Kotok- an annual gathering of boldface names in finance, helmed by Cumberland Advisors' David Kotok- the issue took center stage during an evening debate at Leen's Lodge, a collection of log cabins set on the placid shores of West Grand Lake.

  • Berkshire profit soars 41% to a record Friday, 1 Aug 2014 | 6:54 PM ET
    Warren Buffett

    Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high.

  • Aug 1- Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent, reflecting a substantial increase in investment gains and improved results in manufacturing, service and retail businesses. Net income rose to $6.4 billion, or $3,889 per Class A share, from $4.54 billion, or $2,763 per share, a year earlier.

  • WASHINGTON, July 31- The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. FSOC said it had agreed in its closed-door meeting not to rescind the designations of two other non-banks, American International Group and GE Capital.

  • NEW YORK, July 30- A Connecticut lawmaker on Wednesday launched the first national effort in years to tax soda drinks, the latest bid by regulators and politicians to stem rising obesity and diabetes rates by curbing the consumption of sugary drinks.

  • FOX LAKE, Ill., July 25- The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.

  • PORTLAND, Ore., July 24- An Oregon citizens' initiative that would require labeling of foods made with genetically modified ingredients has garnered more than enough signatures to gain a spot on the state's November ballot, a state government spokesman said on Thursday. "It cleared easily," said Tony Green, a spokesman for the Oregon Secretary of State's Office.

  • SPENCER, Mass., July 24- Tucked off a two-lane highway in a hilly, wooded section of central Massachusetts, a group of Roman Catholic monks has embraced a centuries-old tradition they hope can sustain their aging members in a world of rapidly rising health costs.

  • The city of 25,000, known for its scenic lighthouses and sweeping views of the island-speckled waters of Casco Bay, is also the east coast's second largest oil port, located at the southern terminus of the Portland-Montreal Pipeline, which currently flows north to Canada.

  • TORONTO, June 16- The Quebec government said on Monday it was seeking some C $409 million from Montreal, Maine and Atlantic, the insolvent rail operator at the center of the rail disaster in the town of Lac Megantic last year.

  • NEW YORK, June 11- Struggling to get out of credit card debt he accumulated in college, Rion Robinson tried a lot of different approaches to curb his spending, from old-fashioned spreadsheets to money management programs like Mint. Then Robinson, a 27- year-old who works for a medical supplier in Columbus, Ohio, tried the Level Money budgeting app.

  • NEW YORK, June 11- Struggling to get out of credit card debt he accumulated in college, Rion Robinson tried a lot of different approaches to curb his spending, from old-fashioned spreadsheets to money management programs like Mint. Then Robinson, a 27- year-old who works for a medical supplier in Columbus, Ohio, tried the Level budgeting app.

  • U.S. Senate adjusts capital rules for insurers Wednesday, 4 Jun 2014 | 7:48 AM ET

    WASHINGTON, June 4- The U.S. Senate has approved a bill tweaking the 2010 Dodd-Frank law's treatment of insurers, a rare adjustment to the Wall Street reform law that had been sought by the industry.

  • June 3- General Motors on Tuesday apologized to families of accident victims who have been notified to bring in cars for replacement of defective ignition switches. "We are deeply sorry to those families who received a recall notice," said GM spokesman Greg Martin in response to questions from Reuters.

  • NEW YORK, June 3- Standard& Poor's suffered a defeat Tuesday in litigation accusing it of inflating credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and Washington, D.C. belong in state courts, not federal court.

  • WASHINGTON, May 22- Billionaire environmental activist Tom Steyer will give a boost to 2014 political candidates from seven U.S. states who work to combat climate change, countering political support from fossil fuel interests.

  • LAC-MEGANTIC, Quebec, May 13- Three railway workers charged with criminal negligence in a Canadian train disaster that killed 47 people in Lac-Megantic, Quebec last July were released on bail on Tuesday after a brief court appearance.

  • OTTAWA, May 13- A train engineer charged with criminal negligence in a Canadian rail disaster that killed 47 people in Lac-Megantic, Quebec last July will seek to be released on bail at a court appearance on Tuesday, his lawyer said.

  • TORONTO/ OTTAWA, May 12- Canadian authorities on Monday charged Montreal, Maine and Atlantic Railway Ltd and three employees with criminal negligence following last summer's train derailment in Lac-Megantic, Quebec, that killed 47 people.