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GM Shares Climb On News of Berkshire, Buffett Investment

Warren Buffett's investing powerhouse, Berkshire Hathaway Inc. (NYSE: BRK.B) took a 10 million share stake in General Motors Company (NYSE: GM) during the first quarter, an investment it disclosed Wednesday, delivering a 2.29 percent bump to car company's shares and a welcome dose of investor confidence.

Published: 2 hours, 5 minutes ago

China's Politburo Standing Committee Member Zhou Yongkang has been criticized for his links to sacked politician Bo Xilai.

Communist Party Veterans In China Demand Security Head Zhou Yongkang Quit

A group of retired Chinese Communist Party members have called for the resignation of Zhou Yongkang, the head of China's Public Security Ministry.

Published: 2 hours, 8 minutes ago

Verizon Wireless to scrap unlimited plans for 4G users

Verizon Wireless is planning to force customers to give up their unlimited data plans when they move to its high-speed wireless service, a top executive for parent company Verizon Communications Inc said on Wednesday.

Published: 3 hours, 16 minutes ago

Boys and girls from the Saraniya community wearing garlands pose for pictures after their engagement ceremony at Vadia village in the western Indian state of Gujarat March 11, 2012.

Child Marriage Still Prevalent Among Adolescents In South Asia: Report

A report on Wednesday reveals that child marriage has become less prevalent in South Asia over the last two decades, but not for brides of all age groups. Adolescents over 15 are still marrying at about the same rate as they did two decades ago.

Published: 3 hours, 28 minutes ago

JPMorgan's large trading losses affirm the need for Wall Street oversight, the White House said on Monday, declining to comment on the specifics of the case while the U.S. Securities and Exchange Commission investigates it.

JPMorgan's 'London Whale' To Be Gone By Year-End: Report

Bruno Iksil, the trader behind the $2-billion-and-counting loss at New York-based banking giant JPMorgan Chase and Co. (NYSE: JPM) that has been the talk of New York and Washington for the past few days, will be leaving the bank within the year, the New York Times' Dealbook blog reported Wednesday.

Published: 4 hours, 1 minute ago

Baby red crabs, which eventually grow to become land crabs similar to the ones shown above, had infested the Cayman Islands by the hundreds of thousands. Locals believe they're a sign of a rough hurricane season on the horizon.

Baby Red Crabs Invade Cayman Islands, Could Signal Tough Hurricane Season

Baby red crabs have infested the Cayman Islands by the hundreds of thousands, an in unusually heavy migration season that has caused havoc. If local superstition is any indicator, the Caribbean may face a rough hurricane season.

Published: 4 hours, 10 minutes ago

GM Ditches Facebook Ads Ahead of IPO, Rest of Auto Industry Stands By

General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO.

Published: 4 hours, 28 minutes ago

Apple iPhone 5 To Feature Bigger Screen; Production To Begin In June For Fall 2012 Release Date [REPORT]

According to sources from within Apple's foreign supply chains in Hong Kong, Apple has ordered "bigger screens" for its next iPhone, presumably called the iPhone 5, even though no exact measurement was provided. Production on the iPhone 5 is said to begin next month, while the release date has been scheduled for sometime in the fall, likely around October.

Published: 4 hours, 37 minutes ago

Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting.

Fed Minutes Suggest Further Easing More Likely

Federal Reserve policymakers seemed more likely Wednesday to recommend further monetary easing than they had appeared just a month ago, as minutes released by the U.S. central bank detailed the lack of confidence Fed economists have had regarding recent indicators of economic recovery.

Published: 4 hours, 39 minutes ago

Google Knowledge Graph: Smarter Search Will Identify The 'Real Things' You Are Looking For [VIDEO]

As Google rolls out more new changes to their search engine, the Menlo Park, Calif. based company has released the details to their latest search innovation -- "Knowledge Graph." The new Google search feature will reportedly work with its users to fully understand what they mean by their search entry, according to Mashable.

Published: 5 hours ago

Newly appointed caretaker Prime Minister Panagiotis Pikrammenos (R) and President Karolos Papoulias smile during a swearing-in ceremony at the Presidential palace in Athens May 16, 2012. Greece put Pikrammenos, a senior judge, in charge of an emergen

Greece Concerns Counteract Good News In US: Daily Markets Wrap

Greece continued to weigh heavily on confidence Wednesday as bank customers there began sending cash out of the country or hiding it under their beds -- this despite hints from German Chancellor Angela Merkel that a "stimulus" would be forthcoming if the country stuck to its austerity commitments.

Published: 5 hours, 29 minutes ago

The euro will likely fall against the U.S. dollar, to $1.10 by the end of 2012, from its current level of $1.27.

Global Losses From Greek Euro Zone Exit Could Reach 1 Trillion

The financial markets appear to have already priced in Greece's departure from the euro bloc.

Published: 5 hours, 34 minutes ago

A post-IPO Facebook strategy

Try as they might, many retail investors won't be able to get shares of Facebook in its first hours of trading.

Published: 5 hours, 48 minutes ago

Verizon sees revenue increase from shared plans

Verizon Wireless should see an increase in data revenue after it offers new shared data plans this summer, according to a top executive for parent company Verizon Communications Inc.

Published: 6 hours, 16 minutes ago

Micron Shares Surge On Apple Japan Orders

Shares of Micron Technology (Nasdaq: MU), the only U.S. maker of memory chips, jumped as much as 9 percent Thursday on a report that Apple (Nasdaq: AAPL), the world's most valuable technology company, had placed a huge order in Japan.

Published: 7 hours, 11 minutes ago

France's new President Hollande and newly-named French Prime Minister Ayrault leave after a traditional ceremony at Paris city hall. Just before boarding the plane, the new President fired another broadside at Merkel's

France's New Socialist Government Names Cabinet

Interestingly, Martine Aubry, the leader of the Socialist party rejected an offer to head a "super ministry."

Published: 7 hours, 12 minutes ago

Forex: What Happens If Greece Leaves The Euro?

The growing possibilities of an imminent Greek exit from the single currency bloc could drive up the value of safe-haven currencies such as the U.S. dollar and the British pound, while hurting a number of emerging Asian currencies that are sensitive to investors' risk appetite.

Published: 7 hours, 52 minutes ago

Leader of the Left Coalition party Tsipras smiles during a meeting with Greek President Papoulias in Athens

Greece: Syriza Leader Attacks EU And Merkel, As Caretaker Government Takes Shape

Tsipras has said he wants Greece to remain in the euro zone, but has demanded that bailout agreements be renegotiated by providing more favorable terms.

Published: 8 hours, 3 minutes ago

Virgin Atlantic Clears Cell Phone Usage For Takeoff, But It Will Cost You

If the Sir Richard Branson ice cubes aren't enough, Virgin Atlantic is giving travelers another reason to choose their airline - cell phone use has been cleared for takeoff by the company. The downfall? It will cost you.

Published: 8 hours, 4 minutes ago

Japan's Tepco, Mitsubishi To Buy 10% Stake In Chevron Natural Gas Field

The Japanese government and local companies will buy a 10 percent stake in Chevron Corp. (CVX)'s Wheatstone natural gas field in Australia for 350 billion yen ($4.37 billion), Nikkei newspaper reported.

Published: 8 hours, 27 minutes ago

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