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  • 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...

  • Berlusconi met Bee for the second time this week but a statement from Fininvest dismissed growing media speculation in recent months that he could sell a majority stake in Milan, one of Italy's most glamorous clubs. Italian media reports said Bee was offering 500 million euros for a 51 percent stake in Milan, aiming to join a series of other foreign tycoons who...

  • 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...

  • ASHGABAT, May 2- The European Union, keen to lessen its dependence on Russia for energy supplies, expects to start receiving natural gas from Turkmenistan by 2019, European Commission Vice President Maros Sefcovic said in an interview. For Turkmenistan it is very important to diversify its export options, while for the EU it is very important to diversify its...

  • SEFCOVIC SAYS "GREAT STEP WAS MADE" IN ASHGABAT TO MOVE FORWARD ON TRANS- CASPIAN PROJECT.

  • EUROPEAN COMMISSION VICE PRESIDENT SEFCOVIC SAYS EUROPE EXPECTS TO START RECEIVING TURKMEN GAS BY 2019.

  • *Adidas, Reebok make excellent start to 2015. BERLIN, May 2- Adidas's beleaguered chief executive, Herbert Hainer, has defended his record, saying first-quarter results next week will show the German sportswear company made a great start to 2015.. Adidas and Reebok have made an excellent start to 2015. You will see that in our first quarter figures this week, "he said.

  • MOSCOW, May 2- Russian oil and gas condensate production, among the world's largest, remained at a post-Soviet record level of 10.71 million barrels per day in April, underpinned by a recent recovery in oil prices, Energy Ministry data showed on Saturday. So far Russia, which is not an OPEC member, has failed to persuade OPEC to cut oil output in order to prop up prices.

  • BAKU, May 2- The Asian Development Bank said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank so long as standards were met, while also announcing changes to boost its own lending capacity by billions of dollars. China has said 57 countries have signed up to become founding members of the AIIB, but so far the United...

  • BAKU, May 2- The Asian Development Bank will ensure that safeguards are upheld in future cooperation with the China-led Asian Infrastructure Investment Bank, ADB President Takehiko Nakao told a media conference on Saturday. "ADB is happy to cooperate, including co-financing, with the AIIB," Nakao said at the start of the multilateral lender's annual meeting of...

  • PERTH, May 2- Foreign investors who illegally buy houses in Australia and agents that enable them face hefty fines and prison terms of up to three years under new penalties announced on Saturday aimed at cooling soaring property prices. "We want to ensure that illegal foreign investment is not unnecessarily driving up prices," Prime Minister Tony Abbott told...

  • May 1- Hard Rock Hotel& Casino Las Vegas said on Friday a malware attack may have allowed hackers to steal credit card information used at its retail and service locations. The attack, discovered on April 3, was limited to credit or debit card transactions between Sept. 3, 2014 and April 2, 2015, at the company's restaurant, bar and retail locations, including the...

  • OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income for the Omaha, Nebraska- based insurance and investment conglomerate rose to $5.16 billion, or $3,143 per share, from...

  • ORANGE, Calif./ PHILADELPHIA, May 1- The Federal Reserve could well raise interest rates as soon as June, two top U.S. central bankers said on Friday, so long as economic data strengthens as expected from a dismal first quarter. The key, both Loretta Mester, president of the Cleveland Fed, and John Williams, president of the San Francisco Fed, said, is that by a quirk of the...

  • May 1- TransCanada Corp, Canada's second largest pipeline operator, reported a 10 percent rise in comparable earnings, helped by the positive impact of a stronger U.S. dollar on its U.S. pipeline operations and profits at its power businesses. TransCanada, the company behind the C $8 billion Keystone XL and C $12 billion Energy East pipelines, also said demand for...