Saturday, February 28, 2015

After 50 Years, Oracle of Omaha Looks Back on Less Prescient Moves by DAVID GELLES



By DAVID GELLES


Warren Buffett recalls missteps during his five decades with Berkshire Hathaway, a period that saw the company’s stock rise nearly 2 million percent.


Published: February 28, 2015 at 12:00AM


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Britain, Wary of Sanctions, Adds Pressure to Keep Russian From Buying Energy Unit by STANLEY REED



By STANLEY REED


The completion of the deal has been slowed by regulators’ concerns that Mikhail Fridman or his company might be targeted by expanded sanctions on the Russian energy industry stemming from the Ukraine conflict.


Published: March 1, 2015 at 12:00AM


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Hyundai Recalls Vehicles Over Power Steering Loss by CHRISTOPHER JENSEN



By CHRISTOPHER JENSEN


The automaker said that the power steering could suddenly stop working in 2008-10 Elantras and 2009-10 Elantra Tourings but did not mention any related accidents or injuries.


Published: March 1, 2015 at 12:00AM


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Smothered by a Boom in Banking by GRETCHEN MORGENSON



By GRETCHEN MORGENSON


A new paper says high-growth financial industries hurt the broader economy by dragging down overall growth and curbing productivity.


Published: March 1, 2015 at 12:00AM


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Susan Salka of AMN Healthcare: ‘Where Are You in Your Journey of Life?’ by Unknown Author



By Unknown Author


Susan Salka, chief of AMN Healthcare, looks for employees who view work as important to their lives and not just a job.


Published: March 1, 2015 at 12:00AM


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Plenty of Noise, but Not Much Guidance From Fed or Company Reports



By JEFF SOMMER from NYT Your Money http://ift.tt/1AFOWex

Zapped by the Hidden Costs of Laser Treatments



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Out of Trouble, but Criminal Records Keep Men Out of Work by BINYAMIN APPELBAUM



By BINYAMIN APPELBAUM


Men with even one past conviction on their résumés are having trouble finding jobs, and that is taking a toll on the overall labor market.


Published: March 1, 2015 at 12:00AM


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Warren Buffett Rails Against Investment Bankers by DAVID GELLES



By DAVID GELLES


“Money shufflers don’t come cheap,” he writes in his annual letter to shareholders.


Published: March 1, 2015 at 12:00AM


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Hints at Warren Buffett’s Succession by DAVID GELLES



By DAVID GELLES


Charlie Munger suggests that Berkshire Hathaway’s next chief executive will be either Greg Abel or Ajit Jain.


Published: March 1, 2015 at 12:00AM


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China Cuts Interest Rates to Stimulate Slowing Economy by DAVID BARBOZA



By DAVID BARBOZA


China’s central bank made the announcement on its website, saying that the one-year bank lending rate would drop 0.25 percentage point to 5.35 percent.


Published: March 1, 2015 at 12:00AM


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Friday, February 27, 2015

John Fairchild, Editor of Women’s Wear Daily, Dies at 87 by JACOB BERNSTEIN



By JACOB BERNSTEIN


As publisher and editor, Mr. Fairchild transformed his family’s fusty trade publication into a must-read among fashion elites.


Published: February 28, 2015 at 12:00AM


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Index of Pending Home Sales Rose in January by THE ASSOCIATED PRESS



By THE ASSOCIATED PRESS


The data points to a rebound in the sales of existing homes in the coming months, particularly as the spring buying season gets underway.


Published: February 28, 2015 at 12:00AM


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What’s an Economist’s Nobel Medal Worth? $390,848 by TARA SIEGEL BERNARD



By TARA SIEGEL BERNARD


The medal awarded to the economist Simon Kuznets in 1971 was sold to an unidentified bidder for $390,848, one of only a few such medals ever to have been sold.


Published: February 28, 2015 at 12:00AM


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Stanley Fischer Suggests Fed Will Give Less Guidance by BINYAMIN APPELBAUM



By BINYAMIN APPELBAUM


Mr. Fischer, vice chairman of the Fed, said it was time to bring more mystery to the relationship between the central bank and financial markets.


Published: February 28, 2015 at 12:00AM


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Leon Black of Apollo Global Got $331 Million Payout in 2014 by WILLIAM ALDEN



By WILLIAM ALDEN


Only in the world of private equity would an annual sum of more than $300 million for a top executive constitute a decline from the previous year.


Published: February 28, 2015 at 12:00AM


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I.P.O. Plans Withdrawn for Spinoff of JBS, World’s Largest Meatpacker by DAN HORCH



By DAN HORCH


The initial public offering would have spun off JBS’s Brazilian pork, poultry and food operations and raised up to 3.5 billion reais ($1.2 billion).


Published: February 28, 2015 at 12:00AM


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Blackstone’s Schwarzman Took Home $690 Million in 2014 by WILLIAM ALDEN



By WILLIAM ALDEN


That amount, which largely consists of dividends, surpassed the roughly $450 million that Mr. Schwarzman got in 2013.


Published: February 28, 2015 at 12:00AM


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Regulators Shut Down Puerto Rico Bank by MICHAEL CORKERY



By MICHAEL CORKERY


The F.D.I.C. expects to lose about $748.9 million from the collapse of Doral Financial, the most costly bank failure in nearly five years.


Published: February 28, 2015 at 12:00AM


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Fiat Chrysler Recalls 467,000 S.U.V.s for Fuel Pump Problem by DANIELLE IVORY



By DANIELLE IVORY


The faulty part, which could prevent the vehicles from starting or result in stalling, is found in some 2012-13 Dodge Durangos and 2011 Jeep Grand Cherokees.


Published: February 28, 2015 at 12:00AM


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Robert Benmosche, Ex-MetLife Chief Who Rescued A.I.G., Dies at 70 by JONATHAN KANDELL



By JONATHAN KANDELL


Mr. Benmosche came out of retirement in 2009 to turn around the company, the worst casualty of the global financial crisis, which the American taxpayers spent $182 billion to bail out.


Published: February 28, 2015 at 12:00AM


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The Significance of Lloyds’ Plan to Pay a Dividend by GEORGE HAY



By GEORGE HAY


The dividend is more about its existence than its size. It means that the British bank regulator is comfortable with Lloyds’ profitability.


Published: February 28, 2015 at 12:00AM


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In Europe, Bond Yields and Interest Rates Go Through the Looking Glass by DANNY HAKIM and PETER EAVIS



By DANNY HAKIM and PETER EAVIS


Policy makers are taking drastic measures to revive the economy, resulting in financial transactions that seem upside-down.


Published: February 28, 2015 at 12:00AM


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At Aetna, a C.E.O.’s Management by Mantra by DAVID GELLES



By DAVID GELLES


Mark Bertolini, the chief executive of Aetna, is betting that bringing yoga, meditation and higher wages to his employees will be good business.


Published: March 1, 2015 at 12:00AM


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Instead of Wall St. Prosecutions, Holder Delivers a Deadline by WILLIAM D. COHAN



By WILLIAM D. COHAN


The attorney general has put a short clock on any new prosecutions involving mortgage-backed securities in the years before the financial crisis.


Published: February 28, 2015 at 12:00AM


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The Rhythm of Great Performance by TONY SCHWARTZ



By TONY SCHWARTZ


One productivity tip: Focus in the most absorbed way possible when you are working and then take a break at least every 90 minutes.


Published: February 28, 2015 at 12:00AM


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