Berkshire Hathaway disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell.
As China's market fell, money managers sold shares of Alibaba and Baidu, two of the largest U.S.-listed Chinese tech companies, the New York Times reports.
With global dealmaking this year expected to exceed the record levels of 2007, Lazard Vice Chairman Gary Parr tells CNBC why he's not worried about froth.