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Monday, March 3, 2014

Reuters Money: Upbeat Buffett eyes big acquisitions after record Berkshire profit

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03/3/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Upbeat Buffett eyes big acquisitions after record Berkshire profit
NEW YORK (Reuters) - Warren Buffett on Saturday signaled he plans to make more large acquisitions for Berkshire Hathaway Inc to expand his conglomerate, which posted a record profit in 2013 with the help of a recovering U.S. economy.
Flight delayed or canceled? Read this
NEW YORK (Reuters) - Winter has not been kind to airline travelers. Since December 21, more than 74,825 U.S. flights have been canceled and another 285,889 delayed in the United States, according to FlightAware.com, which tracks flights.
To see U.S. wealth gap, look no further than Washington
WASHINGTON (Reuters) - President Barack Obama is making income inequality an issue in midterm elections, and proof of the gap between rich and poor is close at hand right outside the White House.
Soros, Paulson in Spanish property REITs investments - FT
MADRID (Reuters) - Hedge fund managers George Soros and John Paulson have both taken a 92 million euro ($127 million) stake in a new Spanish property investment vehicle called Hispania, the Financial Times reported on Saturday citing sources close to the deal.
Four things divorced parents need to know about college
(Reuters) - Figuring out how to split childcare costs when you're divorcing is not easy, but it can be like remedial math compared to deciding who pays what for your children's college education.
Puerto Rico debt woes choke bond supply for some municipal funds
BOSTON (Reuters) - The downgrade of Puerto Rico's debt to junk status earlier this month has resulted in a rough ride for some municipal bond funds that focus on the debt of specific states.
Investors restless? Call Abe Friedman
BOSTON (Reuters) - As corporations draw more heat from their investors, Abe Friedman aims to put out some fires.
FTC says considering lawmaker's concerns about Herbalife
BOSTON (Reuters) - The Federal Trade Commission on Friday refused to tip its hand on how it may be react to allegations that Herbalife is a fraud, but said it is taking a lawmaker's concerns about the company seriously and underscored its record of shutting down pyramid schemes.
Raymond James lets brokers bad-mouth former bank-owned firms
NEW YORK (Reuters) - Brokerage firms often flaunt their success at recruiting million-dollar advisers, but Raymond James Financial Inc went further this week by giving some new hires a platform for panning their former bank-owned firms.
Investor Ackman to detail Herbalife's China business on call
BOSTON (Reuters) - Billionaire investor William Ackman, who has long claimed Herbalife Ltd is a fraud, on Friday said he would provide proof next month that the nutrition and weight-loss company is running a pyramid scheme in China.
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