NEW YORK, Mar 1 Reuters) - Warren Buffett said the U.S. economy has passed the worst of its troubles, but faces an uneven recovery as consumers keep a tight rein on spending.
"We got past Pearl Harbor," Buffett said on Monday on the CNBC business news channel. "We will win the war, and it's going slightly our way."
Buffett said business remains "slow" in many areas, including at his Berkshire Hathaway Inc (BRKa.N)(BRKb.N), as consumers adopt a more cautious mindset about spending.
He also said consumers must fend off "out of control" health care costs, which he called "a national emergency" and a "tapeworm" eating at the economy.
Click here for the complete article. Buffett: Economy on mend, health care big problem | Reuters
Monday, March 1, 2010
Saturday, January 30, 2010
AFP: YouTube to stream IPL cricket live: Google
MUMBAI — Google announced Wednesday its videosharing website YouTube will stream all Indian Premier League cricket matches live in a deal that highlights the Internet giant's broadcasting ambitions.
The third season of the lucrative IPL, which features the world's top players in eight teams owned by rich businessmen and Bollywood stars, will be held in March and April this year.
Under the terms of the agreement, Google will have exclusive online rights for IPL content for two years, and Google and IPL will jointly share revenues from sponsorship and advertising.
Click here for the complete story.
The third season of the lucrative IPL, which features the world's top players in eight teams owned by rich businessmen and Bollywood stars, will be held in March and April this year.
Under the terms of the agreement, Google will have exclusive online rights for IPL content for two years, and Google and IPL will jointly share revenues from sponsorship and advertising.
Click here for the complete story.
Friday, January 8, 2010
Green Cars in India -- Slideshow for New Delhi Auto show
NEW DELHI—Toyota Motor Corp.'s Prius and a number of other green-themed vehicles got their India debut at this week's New Delhi Auto Expo, but auto executives and experts agree it will be years before many people buy them. Click for the complete story and the slideshow.
Friday, December 18, 2009
Friday, December 11, 2009
Pay czar issues salary caps for execs
NEW YORK (CNNMoney.com) -- New pay restrictions were unveiled Friday for hundreds of employees at the nation's biggest bailout recipients.
The ruling, imposed by White House "pay czar" Kenneth Feinberg, will impact 75 out of the 100 highest-paid employees at four companies - Citigroup (C, Fortune 500), AIG (AIG, Fortune 500), automaker General Motors as well as GMAC.
Except in a just a handful of cases, no employee will receive base compensation of more than $500,000 this year in terms of cash and stock.
Bank of America dodges a bullet
Click here for the complete story.
The ruling, imposed by White House "pay czar" Kenneth Feinberg, will impact 75 out of the 100 highest-paid employees at four companies - Citigroup (C, Fortune 500), AIG (AIG, Fortune 500), automaker General Motors as well as GMAC.
Except in a just a handful of cases, no employee will receive base compensation of more than $500,000 this year in terms of cash and stock.
Bank of America dodges a bullet
Click here for the complete story.
Thursday, December 10, 2009
Barack Obama accepts Nobel Peace Prize with stern defence of war - Times Online
President Obama today accepted his Nobel Peace Prize but still said that it is sometimes necessary to go to war.
He opened his speech by acknowledging the controversy over the choice of a wartime president for the prize and saying he reserved the right to take action to protect the United States.
Mr Obama said the use of force was sometimes justified, especially on humanitarian grounds, and in the case of al-Qaeda, negotiations would not cause them to lay down their arms and that a non-violent movement could not have halted Hitler.
Click here for the complete story.
He opened his speech by acknowledging the controversy over the choice of a wartime president for the prize and saying he reserved the right to take action to protect the United States.
Mr Obama said the use of force was sometimes justified, especially on humanitarian grounds, and in the case of al-Qaeda, negotiations would not cause them to lay down their arms and that a non-violent movement could not have halted Hitler.
Click here for the complete story.
Wednesday, December 9, 2009
Geithner Extends $700 Billion Bank-Bailout Program (Update2) - Bloomberg.com
By Robert Schmidt and Rebecca Christie
Dec. 9 (Bloomberg) -- The Obama administration extended the $700 billion financial-rescue program until October, arguing that the U.S. must hold on to the money in case of new financial shocks.
In a letter today to congressional leaders, Treasury Secretary Timothy Geithner said the department doesn’t expect to deploy more than $550 billion of the funds. The Treasury may expand the Federal Reserve’s Term Asset-Backed Securities Loan Facility, an effort to jumpstart securitization markets, and will continue to use the Troubled Asset Relief Program to help struggling homeowners and small companies, he said.
Click here for the complete story.
Dec. 9 (Bloomberg) -- The Obama administration extended the $700 billion financial-rescue program until October, arguing that the U.S. must hold on to the money in case of new financial shocks.
In a letter today to congressional leaders, Treasury Secretary Timothy Geithner said the department doesn’t expect to deploy more than $550 billion of the funds. The Treasury may expand the Federal Reserve’s Term Asset-Backed Securities Loan Facility, an effort to jumpstart securitization markets, and will continue to use the Troubled Asset Relief Program to help struggling homeowners and small companies, he said.
Click here for the complete story.
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