A day after New York’s attorney general took aim at UnitedHealth Group’s health-care reimbursement procedures, the ultimate financial implications for the nation’s largest insurer were yet to come into focus.
But there is little doubt that Andrew Cuomo’s probe has handed company executives a significant distraction and a bit of a black eye.
Although some analysts believe […]
ST. CLOUD - Gov. Tim Pawlenty gave Minnesota a sloppy Valentine on Wednesday, telling a hand-picked audience at the St. Cloud Civic Center that we have an unstoppable forward momentum toward greatness.
Greatness was the message of his State of the State Address — delivered to a small audience of invited big shots (and 75 empty […]
NEW YORK (Reuters) - Warren Buffett concluded a highly
profitable year for his Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research)
(BRKb.N: Quote, Profile, Research) with an admonition for lenders who fueled the housing
crisis and words of caution that Berkshire’s own results might
be less stellar than in 2007.
Despite an 18 percent fall in fourth-quarter profit, net
income […]
NEW YORK (Reuters) - Warren Buffett’s Berkshire Hathaway Inc said on Friday quarterly profit fell 18 percent, hurt by lower earnings from insurance underwriting and a decrease in investment gains.
In his annual letter to Berkshire shareholders, Buffett said insurance earnings would likely fall further, after a second straight year without major insured catastrophes.
Berkshire had been […]
NEW YORK, Feb 29 (Reuters) - Warren Buffett’s Berkshire
Hathaway Inc (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research) ended 2007 with $40 billion of
exposure to derivative contracts designed to make money if junk
bonds stay out of default and stock indexes rise.
Berkshire’s maximum exposure under derivative contracts
rose from about $24 billion a year earlier, […]
Chinese steelmakers, the largest
buyers of iron ore, will reject Rio Tinto Groups demand for a
minimum 71 percent price increase in an attempt to slow
accelerating costs for raw materials, two people familiar with
the negotiations said.
The mills want to pay no more than 65 […]
Advent Capital Holdings Plc, a
Lloyds of London insurer and reinsurer, said full-year profit
rose 20 percent after underwriting improved and its Advent Re
unit received no claims.
Net income rose to 19.2 million pounds ($37.7 million), or
4.7 pence a share, from 16 million pounds, or […]
The following stocks may have
significant gains or losses in Latin American markets today.
Symbols are in parentheses after company names, and stock prices
are from the last session.
The MSCI index of Latin American shares rose 0.9 percent to
4,459.09 yesterday. In Brazil, preferred shares are […]
The following is a list of companies
whose shares may move in Japanese markets on Feb. 25. Stock
symbols are in brackets, and prices are from the last close. The
information stated in each item was released after the last close
of trading, unless stated otherwise.
Aioi […]
Billionaire investor Warren
Buffetts Berkshire Hathaway Inc. said fourth-quarter profit
fell 18 percent on declining insurance rates.
Net income decreased to $2.95 billion, or $1,904 a share,
from $3.58 billion, or $2,323, a year earlier, the Omaha,
Nebraska-based company said today in a statement. Berkshire
typically gets about […]