Showing posts with the label Financial and Forex Info | Reuters Deals Today.

Reuters Deals Today: Warren Buffett's Berkshire Hathaway will invest $5 billion in Bank of America,

Warren Buffett's Berkshire Hathaway will invest $5 billion in Bank of America , stepping in to shore up the company in the same way he helped prop up Goldman Sachs during the financial crisis. Bank of America shares rose 20 percent in pre-market trading on the news. Shares for the largest U.S. bank by assets have lost roughly a third of their value in August, and half their value since the beginning of the year. The news of Steve Jobs's resignation had many of his peers weighing in on the Apple co-founder's legacy . Former Google CEO Eric Schmidt said Jobs is the "most successful CEO in the U.S. of the last 25 years," while former eBay CEO Meg Whitman said his contributions are "unparalleled in the business world." Samsung Electronics Co reiterated on Thursday it is not interested in buying Hewlett-Packard Co's PC business , shooting down persistent market talk the South Korean firm may snap up the unit to become the world'

Reuters - Deals Today

HSBC is nearing a deal to sell its $30 billion-plus U.S. credit card business to Capital One, sources familiar with the situation said. Investors who bet big money on the outcome of merger and acquisition deals are scurrying as a plunging stock market jeopardizes many transactions. Even hedge fund superstars who outsmarted the housing collapse and battered financial sector might soon be telling their investors that they suffered double-digit losses during the last few days, managers and investors forecast. "Nestle, the Swiss company said to be preparing a bid for Pfizer’s baby-food unit, may aim to regain momentum in China’s infant formula market by acquiring the maker of SMA Gold," reports Bloomberg. LATEST NEWS Carrefour not in Brazil talks with Wal-Mart: source PARIS (Reuters) - French retailer Carrefour is not in talks to sell its Brazil operations to Wal-Mart Stores Inc , and a press report claiming such negotiations were underway is