Reuters – Warren Buffett said he was wrong not to press David Sokol about purchases of Lubrizol Corp stock while his former top lieutenant was pitching the chemicals company as a possible takeover target for Berkshire Hathaway Inc.
AP – Berkshire Hathaway shareholders reject a measure that would have required the company’s utilities to set goals for reducing greenhouse gas emissions.
AP – President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry.
The Christian Science Monitor – If you have to fill your gas tank this weekend – whether or not it takes a second mortgage to pay the tab – you’re a soldier in the hottest political fight over energy and the economy. Or maybe you f…
Reuters – Major U.S. stock indexes are at multi-year highs but Wall Street does not seem to be running out of steam, not just yet.
ContributorNetwork – COMMENTARY | The oil industry is enjoying record profits as the price for a barrel of oil soars to more than $110. Chevron posted its profit numbers for the first quarter. The numbers were tough to stomach. Chevron reported earning…
AP – Minnesota Rep. Michele Bachmann on Saturday described the loss of “economic liberty” that young Americans face today as a “flash point of history” in which the younger generation will ask what their elders did to stop it.
ContributorNetwork – COMMENTARY | The Fair Tax Act is not a new concept but it is one that has gathered steam over the last two weeks. Since April 15, talk of a national sales tax has taken center stage and those with everything to lose have been atte…
AP – Berkshire Hathaway’s first-quarter profits fell 58 percent because of an estimated $1.7 billion in pretax insurance losses from major disasters in Japan, Australia and the U.S.
Reuters – Berkshire Hathaway Inc (BRKa.N) (BRKb.N) will report a significantly lower first-quarter profit, as one of the worst quarters ever for global catastrophes weighed on the company’s insurance businesses, Chief Executive Warren Buffett said on S…
