Warren Buffett’s Berkshire Hathaway Inc. posted second-quarter profit that missed analysts’ estimates because of higher claims costs at insurance units including Geico.
City leaders lash out at hedge funds holding Puerto Rican debt, but New York taxpayers and retirees entrust some of those funds with more than $2.2 billion of the city’s pension assets.
Billionaires signing the pledge to give away half their money can bring themselves glowing press coverage, but less publicized is the fact that signatories are under no legal obligation to donate any...
The REIT has worked to rebuild its reputation after an accounting scandal last year that resulted in the departures of key executives, including Chairman Nicholas Schorsch.
Bank of America Corp. is pulling its wealthy clients’ money from one of billionaire John Paulson’s hedge funds and reviewing another because of concern that large positions may be hard to...
