|Dow Jones Industrial Average +0.30%|
|S&P 500 +0.29%|
|NASDAQ Composite +0.09%|
|Russell 2000 +0.00%|
|Climbers and Dogs +0.57%|
|Pretty Girls and Railroads +0.24%|
|Widows and Orphans +0.08%|
Berkshire Hathaway in Swiss Re settlement
Mar 28 2013 15:01 GMT
Berkshire Hathaway has reached a settlement with Swiss Re, the group it propped up during the financial crisis with an emergency capital injection, over a dispute about a reinsurance deal. The disagreement related to losses Berkshire sustained in its agreement to provide retrocession - reinsurance for reinsurance - to the...
Western funds seeks a passage to India
Mar 28 2013 11:04 GMT
Western fund houses with a presence in India are failing to persuade locals there to buy equity funds - an unfortunate development that throws a spanner into their business models. As Indians plough their savings into cheaper debt funds, gold and property instead, efforts by Franklin Templeton, JPMorgan and DSP...
Chevron cuts top executives' pay
Mar 27 2013 23:23 GMT
Chevron, the US oil group, is cutting the pay of its chief executive and other senior executives after high-profile safety failures. The board has decided to cut stock awards and cash bonuses for 2012 by about 10 per cent, according to a person familiar with the decision. A formal statement...
Virtual world's future lies underground
Mar 27 2013 19:38 GMT
Manholes play a decidedly unsexy part in the internet revolution. Along with wiring ducts, aerial masts and the roadside cabinets where local telephone lines converge, they are part of an overlooked physical infrastructure on which the virtual world depends. The European Commission now believes that opening up access to facilities...
Coller keeps pressure on SVG Chief
Mar 27 2013 19:31 GMT
SVG Capital, the largest backer of London buyout firm Permira, yesterday faced down attacks by rebel shareholder Coller Capital on its chief executive Lynn Fordham. Coller, which owns 20 per cent of the London-listed private equity company, voted against three resolutions put forward by the company during its annual meeting...
|Gainers||Today's Market Change|
Kansas City Southern
New York Mortgage Trust Inc
Canadian Pacific Railway Ltd
|Losers||Today's Market Change|
KCAP Financial Inc
Eaton Vance Tax-Advantaged Bond and Options Strategies Fund
Invesco Mortgage Capital Inc
Resource Capital Corp