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Growth snapshots ahead in world awash with cheap money

By Jonathan Cable LONDON (Reuters) – Bumper July jobs data from the United States have again begun to stoke expectations of a September rate hike from the Federal Reserve, just when other major central banks around the globe are unleashing ever-looser policy. New Zealand's central bank is also expected to join the easing brigade with a cut on Thursday. Slow growth and virtually non-existent euro zone inflation will also force the European Central Bank to extend and expand…

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Growth snapshots ahead in world awash with cheap money

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Berkshire profit up 25 percent as insurance helps, BNSF weighs

By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. But operating results fell short of analyst forecasts, as depressed oil prices and coal demand weighed on volume at the conglomerate's BNSF railroad unit, while units

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Berkshire profit up 25 percent as insurance helps, BNSF weighs

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PwC must face $1 billion MF Global malpractice lawsuit: U.S. judge

A federal judge rejected PricewaterhouseCoopers' [PWC.UL] bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd [MGHL.UL], a brokerage once run by former New Jersey Governor…

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PwC must face $1 billion MF Global malpractice lawsuit: U.S. judge

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Nissan in talks with Panasonic, others to sell battery operations: sources

Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two people with knowledge of the matter said on Saturday that the Japanese automaker wants to sell its 51 percent stake in Automotive Energy Supply Corporation, which makes lithium-ion batteries for electric vehicles. The company is jointly owned by NEC Corp .

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Nissan in talks with Panasonic, others to sell battery operations: sources

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Expected solid U.S. job gains seen as boost to economy

U.S. employment likely increased at a healthy clip in July, with wages picking up, which should help to underpin consumer spending and boost the economy. The Labor Department’s closely-watched employment report on Friday will probably show that nonfarm payrolls increased by 180,000 jobs last month, according to a Reuters survey of economists. While that would be a step down from June’s 287,000 surge, July’s expected gain would still be above the average monthly advance of 171,500 jobs over the first half of the year.

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Expected solid U.S. job gains seen as boost to economy