Hedge fund manager John Paulson said Hartford Financial Services Group Inc. could boost its share price by 62 percent if it listened to his advice to break up the insurance provider as early as April. The billionaire, whose Paulson & …
Steven A. Cohen, who built one of the world’s biggest and most successful hedge funds, is branching out and plans to set up his own reinsurance firm, two people familiar with the matter said. Cohen, who runs $14 billion SAC …
Warren Buffett advanced his succession plan Monday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway Inc. Weschler, 50, will start at the …
As Tropical Storm Irene churned up the eastern seaboard it left many of New England’s coastal states relatively unscathed, while inflicting some of the worst damage on landlocked Vermont, where severe flooding is now a grave concern. Vermont, the furthest …
Vermont residents battled epic flooding Monday after the remnants of Hurricane Irene set off the state’s worst flooding in nearly 40 years, washing out roads and knocking out power. At least one person was killed after being swept into a …
American International Group Inc is selling most of its consumer finance unit to Fortress Investment Group at a deep discount and will recognize a $1.9 billion pretax loss as a result. AIG, majority owned by the U.S. government, said Wednesday …
Warren Buffett Saturday launched a strong defense of Berkshire Hathaway Inc.’s $5 billion investment in Goldman Sachs Group Inc. and the investment bank’s embattled chief executive, Lloyd Blankfein. Speaking at Berkshire’s annual meeting before an estimated 40,000 shareholders, Buffett’s forceful …
Warren Buffett said Saturday he plans to visit India next March, and would not rule out the country for possible future investments. Speaking at Berkshire’s annual meeting in response to a shareholder question, Buffett said he had decided only on …
Too many regulators currently watch over U.S. companies and a fear that some industries may soon face even more rules could be hurting the U.S. recovery, two top financial industry executives said. “We need a lot fewer regulators,” Robert Kelly, …
