Archive for November 2nd, 2007

Ford, UAW marathon talks close in on labor pact

Friday, November 2nd, 2007

DETROIT - Negotiators for Ford Motor Co and the United Auto Workers talked into Friday evening as the two sides closed in on a labor deal that would cap a historic round of bargaining between the union and the embattled United States auto industry.

Berkshire Hathaway profit up 64 pct on investments

Friday, November 2nd, 2007

NEW YORK - Warren Buffett’s Berkshire Hathaway Inc has said on Friday its third-quarter profit rose 64 percent, as gains from PetroChina Co and other investments helped offset weaker results from insurance, its main business.

WellCare to conduct internal probe, delay filing

Friday, November 2nd, 2007

NEW YORK - WellCare Health Plans Inc, a provider of health-care services under government programs that is under investigation by several federal and state agencies, has said on Friday a special committee of its directors will conduct an independent probe.

Hollywood writers call Monday strike vs. studios

Friday, November 2nd, 2007

LOS ANGELES - The union representing United States screenwriters called for a strike against film and TV studios starting Monday in a move that gives the sides two days to reach a contract deal or shatter 20 years of Hollywood labor peace.

Berkshire Hathaway profit up 64 percent

Friday, November 2nd, 2007

NEW YORK - Warren Buffett’s Berkshire Hathaway Inc has said on Friday its third-quarter profit rose 64 percent, helped by investment gains including the sale of a stake in PetroChina Co .

For stocks, Fed chief in the spotlight

Friday, November 2nd, 2007

NEW YORK - Investors banking on more interest-rate cuts may get a few clues about what comes next from Federal Reserve Chairman Ben Bernanke, who testifies before the Joint Economic Committee of Congress on Thursday.

Hiring strong despite housing woes

Friday, November 2nd, 2007

WASHINGTON - Job growth surged in October at twice the rate expected and factory orders edged up, suggesting the world’s largegest economy was strong enough to handle a deep housing slump without falling into recession.

Citi to hold emergency board meeting: report

Friday, November 2nd, 2007

NEW YORK - Citigroup Inc’s board of directors is holding an emergency meeting this weekend, Dow Jones reported on Friday.