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Anbang in talks with Kushner for New York building overhaul: source

China's Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump's son-in-law Jared Kushner, according to …

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Anbang in talks with Kushner for New York building overhaul: source

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German authority would not have approved beta-phase Tesla autopilot: newspaper

Germany's Federal Office for Motor Vehicles (KBA) would not have approved the autopilot system installed on Tesla cars if the technology was still in a beta-phase version, it told German newspaper Welt am Sonntag. Tesla'…

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German authority would not have approved beta-phase Tesla autopilot: newspaper

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Buffett defends Berkshire’s Coke stake, warns on BNSF

Warren Buffett on Saturday defended several of Berkshire Hathaway Inc's larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking to tens of thousands of shareholders at Berkshire's annual meeting in Omaha, Nebraska, Buffett and Vice Chairman Charlie Munger also touched on many other issues including the 2016 U.S. presidential election, the risks of derivatives, and big losses at…

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Buffett defends Berkshire’s Coke stake, warns on BNSF

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Loeb says Third Point raised short bets to avoid losses

Billionaire investor Daniel Loeb has told clients his firm has taken more defensive bets in the face of tumbling markets by dramatically increasing its short positions, which helped Third Point avoid “calamitous” losses last year. The fund manager also said the firm cut stakes in companies that were exposed to China and commodity prices, which have fallen sharply. Loeb, whose $17.5 billion hedge fund has delivered an average return of 16.2 percent a year over the last two decades, did not mince words in his assessment of tumbling markets

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Loeb says Third Point raised short bets to avoid losses

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Greek PM says differences between lenders delaying bailout review: paper

Greek Prime Minister Alexis Tsipras said on Saturday that differences between the country's international lenders over its pension reform plans are delaying the first review of its latest financial bailout. The government has faced widespread protests over its reform plans however, as austerity-weary Greeks push back against yet more cuts to the country's welfare system. “There are differences among the lenders on Greece's pension reform that are delaying the whole process,…

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Greek PM says differences between lenders delaying bailout review: paper