Berkshire Hathaway, the conglomerate run by Warren E. Buffett, will acquire Duracell using a transaction aimed at lowering the tax bill. Read more…
Duracell Deal Shows Buffett’s Hunger for Acquisitions
By William AldenWarren E. Buffett has struck deals in very different industries over the last few years, with the Duracell purchase fitting into his appetite for large and creatively structured acquisitions. Read more…
Switzerland Opens Criminal Inquiry of Currency Traders
The Swiss attorney general’s office is investigating several individuals in relation to potential manipulation of the foreign currency markets. Read more…
Morning Agenda: Hasbro’s DreamWorks Ambitions
Hasbro is said to be in talks to buy DreamWorks Animation. | Banks pay the price for rate-rigging. | Debts canceled by bankruptcy still mar credit scores. | Goldman names new partners. Read more…
London Stock Exchange on Track to Complete Russell Investments Deal This Year
The exchange said it expected to complete the $2.7 billion acquisition of the operator of the Russell 2000 index “within the next few weeks.”Read more…
DP World to Pay $2.6 Billion for Operator of Industrial Parks
The Dubai port operator DP World agreed to acquire Economic Zones World, giving it access to the Jebel Ali Free Zone.Read more…
ING to Further Cut Stake in Former U.S. Arm, Voya Financial
The sale is the latest step in ING’s transformation into a much smaller company with a primary focus on banking.Read more…
Virgin Money Valued at About $2 Billion in I.P.O.
The British financial services company partly owned by Richard Branson delayed its I.P.O. last month because of volatile market conditions.Read more…
Debts Canceled by Bankruptcy Still Mar Consumer Credit Scores
The practice, under investigation by the Justice Department, affects tens of thousands of Americans, impairing their ability to secure housing and jobs.Read more…
Hasbro Is Said to Be in Talks to Buy DreamWorks Animation
The DreamWorks chief executive, Jeffrey Katzenberg, is said to be seeking more than $30 a share for the studio, Hollywood’s smallest. Read more…
Samuel Zell Said to Be Among Bidders for Albertsons Stores
Albertsons is looking to sell more than 100 grocery stores to help gain approval for a planned merger with the rival grocer Safeway.Read more…
White House Nominates Lazard Banker to Treasury Post
If approved by the Senate, Antonio Weiss, the global head of investment banking at Lazard and a significant donor to the Democratic party, would oversee the Treasury Department’s work on fiscal policy and operations.Read more…
Foreign Exchange Settlement Shows the Lessons Banks Have Learned
Perhaps the biggest lesson from the settlement was seen after other cases involving big fines — there will be little real change in how global banks act, Peter J. Henning writes in the White Collar Watch column.Read more…
Questions Raised as Barclays Takes a Step Back
The bank says it is serving investors by deferring a settlement. Any gain needs to outweigh the loss of a quick-deal discount, contends George Hay of Reuters Breakingviews. Read more…
Monte dei Paschi Reports Nearly $1 Billion Loss in Third Quarter
The loss comes as Monte dei Paschi, which is based in Italy, is struggling to make up a capital shortfall exposed by the European Central Bank.Read more…