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  • Berkshire applies to raise WFC stake above 10 pct

    CNBC's Sue Herera reports that Berkshire Hathaway has applied to the Fed to expand their holdings in Wells Fargo above the 10-percent threshold.

  • Commissioner Dave Jones on Wednesday issued a "cease and desist order" preventing Berkshire's Applied Underwriters Inc and California Insurance Co units from selling or renewing the policies in question in California. The case arose from the sale of a policy known as EquityComp to Shasta Linen Supply Inc of Sacramento, which Jones said subjected the...

  • Commissioner Dave Jones on Wednesday issued a "cease and desist order" preventing Berkshire's Applied Underwriters Inc and California Insurance Co units from selling or renewing the policies in question in California. Wednesday's order extends that ruling to all similar policies that the Berkshire insurers sell in California. The case arose from the sale...

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the volatile wake of Britain's referendum vote to leave the European Union, the company's billionaire co-founder and chairman said at a Reuters Newsmaker event on Tuesday. Guo Guangchang, a self-styled student of U.S....

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the wake of Britain's referendum vote to leave the European Union, the company's billionaire co-founder and chairman said during a Reuters Newsmaker event on Tuesday. So we are increasingly looking for development...

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and chairman told Reuters ahead of a Reuters Newsmaker event in Beijing on Tuesday. He also said Fosun's interest in investing in the UK and Europe has...

  • District Judge Edmond Chang said traders may pursue claims that a large and, in their view, unnecessary late 2011 purchase by Kraft Foods Inc of wheat futures contracts violated the Sherman antitrust law and the Commodity Exchange Act. Kraft and Mondelez were named as defendants because most of the alleged suspicious activity occurred before Kraft Foods Inc...

  • June 27- A federal judge in Chicago on Monday refused to dismiss a lawsuit in which wheat futures and options traders accused Kraft Heinz Co and Mondelez International Inc of illegally manipulating the grain's price at their expense. District Judge Edmond Chang said traders may pursue claims that a large and, in their view, unnecessary late 2011 purchase by...

  • Reed Hastings, CEO of Netflix.

    Major business leaders knocked Donald Trump as part of a statement released by Hillary Clinton's campaign on Thursday.

  • Commissioner Dave Jones faulted Berkshire's Applied Underwriters Inc and California Insurance Co units over the sale to Shasta Linen Supply Inc of a nontraditional workers' compensation policy whose terms and rates had not been reviewed by state officials. Jones said the policy sold by Applied essentially replaced a policy sold by California Insurance,...

  • Apple logo at the Apple Worldwide Developers Conference

    Apple shares could fall as they are set to be reclassified in the annual reconstitution of the widely followed Russell indexes.

  • NEW YORK, June 20- After dropping more than $200 billion in market capitalization in one year, Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes. When all is said and done, about $1.3 billion more will be sold in Apple Inc shares at the market close on Friday,...

  • A refinery owned by Phillips 66 in Ponca City, Okla.

    Morgan Stanley just downgraded Phillips 66 to equal weight from overweight.

  • Greed fear

    Volatility surged this week over a potential Brexit, but according to one trader, investors would be wise to buy stocks in this type of environment.

  • June 14- Warren Buffett on Tuesday said the anonymous bidder who agreed last week at an annual charity auction to pay $3,456,789 to have lunch with him, matching the previous record high, is a woman. The winner and up to seven friends can dine with Buffett at the Smith& Wollensky steakhouse in midtown Manhattan. In 2009, Courtenay Wolfe of Canada's Salida Capital...

  • Someone just paid $3,456,789 to have lunch with Warren Buffett

    For the past 17 years, Warren Buffett has hosted an annual power lunch, in support of GLIDE – a charity based in San Francisco.

  • DETROIT, June 14- Quicken Loans Inc, once an obscure online mortgage player, seized on the refinancing boom to become the nation's third largest mortgage lender, behind only Wells Fargo& Co and JPMorgan Chase& Co.. Quicken will still have to convince the likes of Jeff Chen, a 28- year-old software engineer from San Francisco. News last month that Quicken founder Dan...

  • Linkedin CEO Jeff Weiner, Microsoft CEO Satya Nadella and Linkedin Executive Chairman and co-founder Reid Hoffman.

    The company’s struggling stock price, and its reliance on stock-based compensation may be a factor in its sale to Microsoft.

  • Warren Buffett

    The connection between Dan Gilbert and Warren Buffett became evident with news that Buffett was backing Gilbert's surprise bid for Yahoo.

  • DETROIT, June 14- Quicken Loans Inc, once an obscure online mortgage player, seized on the refinancing boom to become the nation's third largest mortgage lender, behind only Wells Fargo& Co and JPMorgan Chase& Co.. Quicken will still have to convince the likes of Jeff Chen, a 28- year-old software engineer from San Francisco. News last month that Quicken founder Dan...