Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
Firm Management
Fiat buys out GM in VM Motori
Fiat buys out GM to become sole owner of diesel engine manufacturer VM Motori. Fiat, the Italian carmaker, had laid out plans to takeover VM Motori, the Italian diesel engine manufacturer.
Brazil seek ways to assist Petrobras for Libra oil exploration
In a bid to comply with the 2010 Brazilian oil law, the government has sought ways to provide assistance for Petrobras to comply with requirements.
Huawei set to continue European expansion plans
Despite allegations of anticompetitive behavior, Huawei continued with expansion plans to Europe. Huawei, Chinese telecommunications equipment manufacturer, had laid out plans to create 5,500 jobs in Europe within five years.
BlackBerry taking the Palm route
With eerie similarities, BlackBerry is replicating the route taken by Palm Inc. into oblivion. The recent announcements for Canadian smartphone maker Blackberry are short of appalling, It had said it had a 40% decline in sales and had announced job cuts to a third of its current workforce.
Latest News
Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.
Ballmer made an impassioned plea to investors of Microsoft stock as well as took stock of his work as CEO of Microsoft.
The Canadian federal government together with two of the largest provinces are working towards a common securities regulator.
In a tell-all report, the Business Insider unravelled the sex scandals and the political intrigue that happen in the halls of Googleplex.
Twitter Inc. had been in talks to add more banks to its upcoming IPO, said sources. Twitter Inc. had been in discussion to add banks to its underwriting syndicate.
Agilent Technologies announced a spinoff plan that would create two separate public companies. Agilent Technologies is the manufacturer of scientific-testing equipment spun off from Hewlett Packard Co.
Roche Holding AG's CEO Severin Schwan said the company won't raise any credit financing after a report from the DealReporter said Roche would acquire BioMarin Pharmaceuticals.
Emmanuel Fievet, Barclays Plc's head for UK and Europe had left the bank following Stefanie Drews' departure from the banks' group of wealthy clients and family offices in London.
Kevin Burke, the long time CEO and Chairman of Consolidated Edison, announced his retirement from the firm by the end of 2013.
