OMAHA, Neb., April 30- Warren Buffett on Saturday vigorously defended Berkshire Hathaway Inc's large, long-standing investment in Coca-Cola Co, rejecting critics who say the company's sugary drinks harm people's health. Speaking at Berkshire's annual shareholder meeting in Omaha, Nebraska, Buffett said it seemed "spurious" to argue that calories from Coke... » Read More
PARIS, Oct 26- Greece's opposition leader denounced international lenders' demands as dealing the ``final blow'' to a devastated economy but said on Friday he would not seek to bring down the government.
ONTARIO, Calif.-- CVB Financial Corp. said Friday that it has appointed Ronald Kruse as chairman of the board of CVB Financial Corp. and its banking subsidiary Citizens Business Bank. Borba formed Chino Valley Bank in 1974 with his brother and several other businessmen, which later became Citizens Business Bank.
JACKSON, Miss.-- Arkansas regulators are giving cautious approval to Entergy Corp.' s plans to let an outside group manage power transmission. Entergy wants its utilities to join the Midwest Independent Transmission System Operator, or MISO. Entergy still needs blessings from Mississippi and New Orleans city officials.
LONDON-- Former media mogul Conrad Black has appeared on a British satirical show, defying the program's mockery of his convictions in the U.S. and claiming innocence. Satirists on the show "Have I Got News For You" made constant jokes at the expense of Black, who used to control papers including the Chicago Sun-Times and Britain's Daily Telegraph.
Voters who are still undecided about the presidential election aren't likely to be swayed by Friday's mixed report from the Commerce Department. "For the average American, I don't think changes in quarterly GDP" make a big difference in their perception of the economy, said Andrew Kohut, president of the Pew Research Center. "
The Parsippany, N.J.- based company had sued the FDA this summer to gain approval for the drug and sought shared marketing exclusivity for its generic version of the drug. After Watson sued the FDA, the company said Mylan Pharmaceuticals Inc. intervened as a defendant in the action.
JOHANNESBURG, Oct 26- Cynthia Carroll's resignation as chief executive of Anglo American has highlighted the miner's exposure to South African platinum, an industry crippled by violent strikes in recent months.
NASSAU, Bahamas-- Hurricane Sandy spun away from the Bahamas late Friday after causing 40 deaths across the Caribbean, churning northward toward the U.S. East Coast, where it threatens to join with winter weather fronts to create a super storm.
HOUSTON-- Global Geophysical Services Inc. on Friday named Richard White its new president and chief executive officer. He replaces Richard Degner as president and CEO; Degner will continue as non-executive chairman of Global Geophysical and as president of Autoseis Inc., a subsidiary. Global Geophysical shares fell 15 cents, or 3 percent, to close at $4.88.
NEW YORK, Oct 26- Virginia declared a state of emergency on Friday, neighboring states readied utility crews and New York City said it may shut down mass transit as authorities along the U.S. East Coast prepared for a potential pounding from Hurricane Sandy.
NEW YORK, Oct 26- Virginia declared a state of emergency on Friday, neighboring states readied utility crews and New York City said it may shut down mass transit as authorities along the U.S. East Coast pr e pared for a p otential pounding from Hurr icane Sandy.
Asked if struggling Spain should seek financial aid, he said it was up to countries to take their own decisions but that in general, firewalls had to be used for them to be effective. Spain is under pressure to seek a bailout as it struggles to cope with high government debt and the cost of recapitalizing its banks.
HOUSTON-- The Public Utility Commission of Texas has approved NRG Energy Inc.' s proposed all-stock acquisition of GenOn Energy Inc., the companies said Friday. The deal must still receive the approval of state regulators in New York, the Federal Energy Regulatory Commission and the two companies' shareholders before it can go forward.
Oct 26- U.S. auto parts supplier American Axle and Manufacturing Holdings Inc reported disappointing quarterly results on Friday, hurt by restructuring and debt refinancing costs and by higher-than-expected costs from new-product launches. Debt refinancing and redemption costs reduced third-quarter results by $10.1 million, or 14 cents per share.
LONDON, Oct 26- Former UBS trader Kweku Adoboli wept on Friday as he told a jury that his ``off-book'' trading was done for the benefit of the bank that meant everything to him.
FORT WORTH, Texas-- So many mechanics at American Airlines are taking buyouts that the company expects it will need to lay off only a small fraction of the number it had originally planned.
WASHINGTON-- The worst drought in decades didn't just shrivel corn and soybeans. It shrank economic growth too. That means normal weather would have lifted economic growth to 2.4 percent for the quarter, the Commerce Department said.
HERNDON, Va.-- Educational software company K12 Inc. said Friday that it has appointed former Michigan Gov. He was governor of Michigan from 1991 to 2003. He currently serves on the boards of directors of Universal Forest Products Inc. and Munder Capital Management. Shares of the company, based in Herndon, Va., fell 11 cents to close at $21.46.
The offers cover passengers flying in or out of just about any airport from Latin America to New Hampshire. The airlines have only canceled a handful of flights so far, nearly all of them in and out of Florida and the Caribbean. Hurricane Sandy killed at least 20 people in the Caribbean, and left Bahamas this afternoon.
The FDA noted that the allegations, which date back to 2004, don't necessarily prove the drinks are linked to the deaths. The FDA caps the amount of caffeine in soda to 0.02 percent, but there is no such limit for energy drinks. Durbin and Blumenthal asked the FDA to look into the interactions between caffeine and the additives that are often found in energy drinks.