Warren Buffett“A public opinion poll is no substitute for thought.”
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Red Lobster parent Darden profit drops »
Wed Sep 28, 2011 7:28am EDT
(Reuters) – Darden Restaurants Inc (DRI.N) posted a 6 percent drop in quarterly earnings, partly hurt by the hurricane Irene, but reaffirmed its full-year earnings outlook.
The company said Irene hurt sales at established Red Lobster, Olive Garden and LongHorn Steakhouse restaurants and estimated the storm reduced quarterly earnings by about [...]
S&P futures add to gains after data »
NEW YORK | Wed Sep 28, 2011 9:13am EDT
NEW YORK (Reuters) – Stock index futures pointed to a slightly higher open on Wednesday as investors remained cautiously optimistic about progress on plans to lessen the euro zone’s debt woes.
International auditors headed to Greece to scrutinize [...]
Greece to face inspectors, Merkel hints at bailout »
By Michael Winfrey and Ingrid Melander
ATHENS | Wed Sep 28, 2011 8:48am EDT
ATHENS (Reuters) – Greece’s lenders are sending a team to Athens to inspect a government austerity plan they want implemented in exchange for aid, while Germany suggested a new bailout may have to be [...]
Judge narrows $1 billion Madoff case vs NY Mets owners »
By Jonathan Stempel and Grant McCool
NEW YORK | Tue Sep 27, 2011 7:45pm EDT
NEW YORK (Reuters) – A federal judge narrowed a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for Bernard Madoff’s victims, and cast skepticism [...]
Ex-BP boss Hayward may quit TNK-BP board »
LONDON | Sun Sep 11, 2011 11:28am EDT
LONDON (Reuters) – Former BP (BP.L) boss Tony Hayward is considering whether to step down from the board of Russian oil joint venture TNK-BP but has yet to inform the British oil company of any decision, a spokesman for [...]
UBS boss says some banks may need state help: report »
ZURICH | Sun Sep 11, 2011 11:25am EDT
ZURICH (Reuters) – Some banks may have to get help from the state as plunging share prices could make it difficult to raise capital, UBS (UBSN.VX) chief executive Oswald Gruebel told Swiss newspaper Sonntag in an interview published [...]
Berkshire’s Richline to buy Italian jeweler »
By Svetlana Kovalyova
VICENZA, Italy | Sat Sep 10, 2011 12:20pm EDT
VICENZA, Italy (Reuters) – Jewelry company Richline International, part of billionaire investor Warren Buffett’s Berkshire Hathaway (BRKa.N), will buy its fifth small Italian jewelry brand as it plans to expand further in Italy.
Italy-based Richline International, fully [...]
Analysis: Stark ECB exit hits shaky euro zone at worst time »
By Paul Taylor
PARIS | Sun Sep 11, 2011 6:39am EDT
PARIS (Reuters) – The resignation of the top German official at the European Central Bank could hardly have come at a worse time for euro zone policymakers as they grope for a way out of the deepest [...]
Euro seen under pressure on lack of G7 support »
By Anirban Nag
LONDON | Sun Sep 11, 2011 10:13am EDT
LONDON (Reuters) – The euro and growth-linked currencies may fall on Monday, hit by a lack of concrete measures from Group of Seven finance chiefs to address either faltering growth, the escalating euro zone debt crisis, or [...]
Italy to take stock, eye further moves: Tremonti »
MARSEILLE, France | Sat Sep 10, 2011 7:52am EDT
MARSEILLE, France (Reuters) – Italy will next week start an in-depth look into progress of past efforts to improve public finances and growth and try to find new measures to spur the economy, Economy Minister Giulio Tremonti said [...]