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  • HONG KONG, May 3- Fosun International Ltd, an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc for $1.8 billion. The move follows Fosun's decision to buy a 20 percent stake in the casualty and property insurer for $464 million in August 2014 in a bid to...

  • LOS ANGELES, May 3- McDonald's new Chief Executive Steve Easterbrook is set to unveil his plan on Monday to revive growth as the world's largest hamburger chain struggles to win back consumers and investors. He'll be aiming to persuade people such as Janna Sampson, co-chief investment officer at OakBrook Investments, which bought McDonald's shares on the...

  • LONDON, May 3- In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. Project Rainbow assessed HSBC's future base by considering whether it was operationally effective, tax efficient, politically acceptable, consistent with bank regulatory requirements, in the best interests of shareholders and compatible...

  • DETROIT, May 3- Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Auto executives say the industry is as healthy as it's been since being restructured in 2009. But judging by the recent stock performance of General Motors Co, Ford Motor Co and Fiat Chrysler Automotive, investors have a less...

  • YANGON, May 3- Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday. The Myanmar newspaper said the two companies' regional subsidiaries- Singapore-registered Statoil Myanmar Private Ltd and ConocoPhillips Myanmar E&P Pte....

  • SHANGHAI, May 3- The leader of Taiwan's Nationalist Party will sit down with Chinese President Xi Jinping in Beijing on Monday in the first meeting between the heads of the ruling parties in the two rival states in more than 60 years. Xi, as head of China's ruling Communist Party, will host Taiwan's Chu in the first meeting of its kind since defeated Nationalist...

  • LONDON, May 3- Always top of the data pile, this week will be no exception for the U.S. jobs report with a first interest rate rise likely this year despite a dramatic slowdown in the first quarter. "They will need better data to justify a rate hike, and that need is pushing the timing of a policy change ever-deeper into 2015," said Tim Duy, a professor at the University of...

  • BAKU, May 3- Central bankers and finance ministers from China, Japan and South Korea said on Sunday they remained committed to policies to support demand in the face of moderate and uneven global growth. The policymakers for the three North Asian economies held a trialateral meeting, chaired by Japan's Deputy Prime Minister and Finance Minister Taro Aso, on the...

  • The investigation, which has not previously been reported, follows a wide-reaching probe into the pharmaceutical industry in China that last year saw GlaxoSmithKline Plc fined nearly $500 million for bribing officials to push its medicine sales. "We are not aware of any situation that conforms to what you describe," said Germany- based spokesman Matthias...

  • Buffett hits back at Clayton Homes lending gripes Saturday, 2 May 2015 | 7:40 PM ET
    Warren Buffett and Bill Gates make their way to the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 2, 2015.

    Warren Buffett unapologetically defended Clayton Homes on Saturday from accusations of predatory lending.

  • "If we get back to normal interest rates, stocks at these prices will look high," said Buffett, speaking at the annual shareholders' meeting of his sprawling conglomerate Berkshire Hathaway Inc.. While he often emphasizes the importance of not basing long-term investing decisions on short-term economic expectations, his views on the U.S. and global economies...

  • *Buffett defends 3 G cost-cutting, Clayton Homes. 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 is gone. "It's not Disneyland, it's Warrenland," said David Rolfe, chief...

  • OMAHA, Neb., May 2- Warren Buffett on Saturday denied that he had any anti-union agenda, as the NetJets luxury aviation unit of his Berkshire Hathaway Inc tries to end roughly two years of contentious contract talks with its pilots. Buffett spoke at Berkshire's annual shareholder meeting in Omaha, as some NetJets pilots picketed outside. The NetJets Association...

  • Berkshire too big? Don't be silly, Buffett says Saturday, 2 May 2015 | 4:32 PM ET
    Warren Buffett at the Berkshire Hathaway Annual Shareholder's Meeting in Omaha Nebraska on May 2, 2015.

    Warren Buffett rejected the idea that Berkshire is so big that it is now too big to fail and requires tighter regulatory oversight.

  • 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...

  • SAN FRANCISCO, May 2- SurveyMonkey CEO and husband of Facebook Chief Operating Officer Sheryl Sandberg, Dave Goldberg, died unexpectedly on Friday night, his brother wrote in a Facebook post on Saturday. "It's with incredible shock and sadness that I'm letting our friends and family know that my amazing brother, Dave Goldberg, beloved husband of Sheryl Sandberg,...

  • OMAHA, Neb., May 2- Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight. Those catastrophes can be costly, and both the September 11 attacks on the World Trade Center and Pentagon as well as Hurricane...

  • SAN FRANCISCO, May 2- SurveyMonkey CEO and husband of Facebook Chief Operating Officer Sheryl Sandberg, Dave Goldberg, died unexpectedly on Friday night, his brother Robert wrote in a Facebook post on Saturday. "It's with incredible shock and sadness that I'm letting our friends and family know that my amazing brother, Dave Goldberg, beloved husband of Sheryl...

  • 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...