The FBI is looking into alleged insider trading in the options of ketchup maker H.J. Heinz Co before its blockbuster acquisition last week by Warren Buffett and Brazil's 3G Capital. The SEC says traders in Switzerland used a Goldman Sachs account to trade on purported inside knowledge of the transaction.
It's been an interesting week in the world of business, from a smartphone pioneer losing another major client, to travel troubles on land and sea that have cost two companies some serious goodwill. Here's a rundown of this week's biggest wins and losses.
H.J. Heinz Co. has agreed to be acquired by an investment group including billionaire investor Warren Buffett in a deal valued at $23.3 billion. The ketchup company says it's the largest deal ever in the food industry. Berkshire Hathaway and 3G Capital are making the purchase.
From an eco-friendly move that should drum up coffee sales to pulling the plug on some popular diversions, here are this week's smartest moves and biggest blunders from the business world.
If you're keeping your savings in low-return but "safe" investments, this is the year you need to get your money off the sidelines and into some solid stocks. No stock is risk-free, but these 13 picks are the best we can find for novice investors looking to get their feet wet in the market.
Earlier this month, famed billionaire and Berkshire Hathaway chairman Warren Buffett dropped a bombshell. Breaking with past practice, and changing the financial rules he himself laid down, Berkshire is buying back its own stock -- and he plans to keep buying it back. What lessons does that hold for investors?
Companies can make brilliant moves, but there are also times when things don't work out quite as planned. Here's a rundown of this week's biggest winners and blunders in the business world, from Google to Starbucks.
The problem with the newspaper business is simple: A subscription price barely pays for the paper your papers are printed on, and free media are siphoning off the ad revenues newspapers rely on. Warren Buffet thought he could buck the trend, but not even the Oracle of Omaha can fight math.
The election is over, and now, the many investors who were keeping a close eye on the polls know what they're getting (somewhat) in terms of the federal government for the next few years. Here's a look at 21 economic sectors, and what a second Obama term will mean for each of them.
Warren Buffett's Berkshire Hathaway Inc is to buy direct marketing toy and party supplies merchant Oriental Trading Co for $500 million, the Wall Street Journal reported on Friday, citing a person involved in the deal.
Low interest rates have made convincing kids to open savings accounts a tougher sell. You can't just tell a 9-year-old to save because it's good for her -- you need an incentive, like prospect of a great return. So here are seven ideas to help your kids profitably put their money to work.
Warren Buffett was clearly in a selling mood during the second quarter: He unloaded big stakes in consumer products companies and put Intel outside his portfolio altogether. But he didn't just sit on the cash.
When it comes to stock market returns, Warren Buffett's Berkshire Hathaway is justifiably legendary. But when it comes to running an insurance business, Buffett may not be all that much smarter than the cavemen who star in his GEICO commercials.
In the final installment of director Christopher Nolan's Batman trilogy, everything changes for billionaire industrialist Bruce Wayne, which got us thinking: Which real-life business leaders could step into Batman's formidable shoes?
