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  • May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism that the company would thrive over the long haul, even after he is gone. >Buffett says no apologies for Clayton Homes lending practices. >Warren Buffett denies that Berkshire Hathaway' too big to...

  • OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he's gone. "It's not Disneyland, it's Warrenland," said David Rolfe, chief investment officer of Wedgewood Partners Inc..

  • OMAHA, Neb., May 2- Billionaire investor Warren Buffett on Saturday defended his Clayton Homes unit against accusations that the manufactured home seller had preyed on lower-income purchasers with its lending practices. "I make no apologies whatsoever about Clayton's lending terms," said Buffett, speaking at the annual meeting of his sprawling Berkshire...

  • OMAHA, Neb., May 2- Billionaire investor Warren Buffett said on Saturday that stock prices would look expensive if interest rates normalized from their ultra low levels. "If we get back to normal interest rates, stocks at these prices will look high," said Buffett, speaking at the annual Berkshire Hathaway meeting of his sprawling conglomerate Berkshire Hathaway.

  • OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire fielded questions about the company and its future, and explained some business practices. Berkshire owns more than 80 companies including the Burlington Northern railroad, Geico car insurance,...

  • OMAHA, Neb., May 2- Berkshire Hathaway's BNSF railroad is "forever better" after a capital program last year boosted capacity following complaints about congestion, BNSF chief executive told Reuters on Saturday. We think we've got opportunities going forward, "said Carl Ice, BNSF's president and chief executive officer, speaking on the sidelines at Berkshire...

  • *Industrialist was arrested in Austria on U.S. request. One of Ukraine's most influential oligarchs, Firtash, 49, was arrested in Vienna a year ago at the request of U.S. authorities, which have been investigating him since 2006.. The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine's ousted pro-Russian president...

  • April 30- Budget airline Virgin America Inc is moving to finance five aircraft before interest rates rise, Chief Financial Officer Peter Hunt said in an interview Thursday. Virgin America recently announced it has financed about 80 percent of the purchase price of five other A320 aircraft scheduled for delivery this year. It had an initial public offering in...

  • The 49- year-old, one of Ukraine's most influential oligarchs, was arrested in Vienna a year ago at the request of U.S. authorities, who have been investigating him since 2006.. The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine's ousted pro-Russian president Viktor Yanukovich, coincided with a sharp...

  • April 30- Viacom Inc, owner of Paramount Pictures and cable channels Comedy Central, MTV and Nickelodeon, reported an unexpected fall in quarterly revenue as weak cable ratings depressed income from advertising in the United States. Viacom, controlled by billionaire Sumner Redstone, said domestic advertising revenue fell 5 percent in the second quarter...

  • April 29- Oklahoma oil billionaire Harold Hamm on Wednesday moved to drop his appeal of a $1 billion divorce award to his ex-wife, a day after the court dismissed her bid to re-open the case, according to a court filing. Hamm's decision to withdraw his counter-appeal of a bitterly fought divorce after a lower court awarded his ex-wife Sue Ann Arnall around $1...

  • *Beijing urging banks to support small businesses. BEIJING, April 30- Private entrepreneurs in China are voicing unprecedented criticism of government, encouraged by policies and rhetoric from Beijing emphasising support for the most productive sectors of the economy. In the past two weeks, Premier Li Keqiang has exhorted Chinese banks to cut their fees and...

  • NEW YORK, April 28- A federal judge dismissed claims by former Elan Corp and Wyeth shareholders accusing billionaire investor Steven A. Cohen's SAC Capital Advisors LP of violating federal racketeering law by conducting insider trading in the drugmakers' stocks. District Judge Victor Marrero in Manhattan said the civil claims brought under the Racketeer...

  • U.S. judge dismisses racketeering claims vs SAC Capital Tuesday, 28 Apr 2015 | 12:06 PM ET

    NEW YORK, April 28- A federal judge has dismissed claims by former Elan Corp and Wyeth shareholders accusing billionaire investor Steven A. Cohen's SAC Capital Advisors LP of violating federal racketeering law by having conducted insider trading in the drugmakers' stocks. District Judge Victor Marrero in Manhattan said that because SAC was not found in a...

  • Icahn says Apple still undervalued Tuesday, 28 Apr 2015 | 11:59 AM ET

    April 28- Apple Inc remains undervalued and misunderstood, activist investor Carl Icahn tweeted, even as the company posted stellar quarterly results on Monday. Apple beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time. The most valuable publicly traded U.S. company also raised its...

  • MOSCOW, April 28- Russian railcar manufacturer United Wagon Company said on Tuesday it had set a price of 700 roubles a share for its initial public offering, Russia's first stock float in more than a year. The price, in the middle of the company's 650- 750 roubles range, suggests United Wagon Company is on course to raise 3.9 billion roubles by offering at least 14...

  • DUBAI, April 27- One of the United Arab Emirates' most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the founder. Ghurair, the billionaire chief executive of Dubai- based lender Mashreq and chairman of conglomerate Al Ghurair Investment, among his...

  • LONDON, April 26- Scotland is likely to win self rule in the next few years while the economic divide between the international powerhouse of London and the rest of the United Kingdom will deepen, media tycoon Rupert Murdoch said on Sunday. Scots rejected independence in that referendum, but the Scottish National Party is now forecast to win the majority of...

  • MOSCOW, April 23- Russian railcar manufacturer United Wagon Company has set a price range of 650- 750 roubles per share and increased its offering in Russia's first initial public offering in more than a year. United Wagon Company may get a market valuation of between 65 billion and 75 billion roubles, a source close to the placement told Reuters.

  • *New Potash Corp nominees suggest a deal has been struck. SANTIAGO, April 22- Chile's SQM, the world's biggest producer of key battery ingredient lithium, will get a new board on Friday minus the man who has led it for nearly three decades, as the scandal-plagued company moves to reassure investors about its corporate governance. The scandal has convulsed the...