NEW YORK (Reuters) - Berkshire Hathaway Inc's BNSF Railway Co has moved Chief Executive Matthew Rose to an executive chairman role, renewing speculation he might be in line to replace Warren Buffett at Berkshire's helm.
WASHINGTON, Dec 11 (Thomson Reuters Foundation) - Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nations is accelerating, a new report found.
(Reuters) - Hotel operator Hilton Worldwide Inc raised $2.34 billion in its IPO on Wednesday, returning to the public markets some six years after Blackstone Group LP took it private in one of the largest deals of the leveraged buyout boom.
(Reuters) - Stanley Fischer, who led the Bank of Israel for eight years until he stepped down in June, has been asked to be the Federal Reserve's next vice chair once Janet Yellen takes over as chief of the U.S. central bank, a source familiar with the issue said on Wednesday.
NEW YORK (Reuters) - Berkshire Hathaway Inc's BNSF Railway Co moved Chief Executive Matthew Rose to an executive chairman role, renewing speculation that he may be in line to replace Warren Buffett at Berkshire's helm.
NEW YORK (Reuters) - Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.
NEW YORK (Reuters) - Exactly five years ago, Frank DiPascali was awakened in his New Jersey home by an early call from his boss, Bernard Madoff.
(Reuters) - Hilton Worldwide Inc , the world's largest hotel operator, raised roughly $2.34 billion in its initial public offering on Wednesday after pricing shares toward the high end of the range.