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Monday, May 2, 2011 12:00 AM PDT

Today's Business News: Buffett believes reputation after Sokol still intact Buffett remains solid on the American economy Warner Music $3 billion buyout could be done this week: source Wages high on central bank radars Facebook's growth exceeds expectations: report First offshore yuan IPO makes HK trading debut Hiring likely to boost spending despite gas prices Berkshire 1Q profit drops on insurance losses France sees U.S. economic lift from bin Laden death U.S. mulls making more firms pay corporate tax: group WTO talks on 'brink of failure': Lamy Target CEO pay rises 83 percent on one-time items How to Sell Your Small House Oil falls below $113 after bin Laden killed Obama keeps up push to end gas, oil tax breaks As profits surge, Europe's carmakers rev up global ambitions MBA Rankings: A Better Way Buffett believes reputation after Sokol still intact Sun, 1 May 2011 04:00 pm PDT Reuters - Warren Buffett believes his reputation is intact, the U.S. economy needs more jobs and that Donald Trump is not going to be the next president. Full Story Top Buffett remains solid on the American economy Sun, 1 May 2011 01:29 pm PDT Reuters - Warren Buffett does not spend his time making stock research recommendations, but he is sure of one thing -- America should have a "strong buy" slapped on it. Full Story Top Warner Music $3 billion buyout could be done this week: source Sun, 1 May 2011 02:36 pm PDT Reuters - Final buyout bids for Warner Music Group are due on Monday and the company could be sold by the end of the week in a deal valued at over $3 billion, according to a person familiar with the matter. Full Story Top Wages high on central bank radars Sun, 1 May 2011 02:34 pm PDT Reuters - Central bankers around the world are at different stages when it comes to combating price pressures, but all of them are keeping a close watch on wages for early warning signs of future inflation. Full Story Top Facebook's growth exceeds expectations: report Sun, 1 May 2011 06:30 pm PDT Reuters - Facebook Inc's business is growing faster than forecast several months ago and the firm is on track to top $2 billion in earnings before interest, taxes, depreciation and amortization in 2011, according to a report in The Wall Street Journal. Full Story Top First offshore yuan IPO makes HK trading debut Thu, 28 Apr 2011 10:47 pm PDT AP - The first yuan-denominated securities to trade outside of mainland China made their debut Friday on Hong Kong's stock exchange as Beijing seeks to broaden the use of its currency. Full Story Top Hiring likely to boost spending despite gas prices Fri, 29 Apr 2011 01:35 pm PDT AP - Consumers as a whole will likely spend more this year. But it's not because we'll all be earning more money. Even people lucky enough to get a raise will likely spend most of the extra dollars to pay higher gas and food prices. Full Story Top Berkshire 1Q profit drops on insurance losses Sat, 30 Apr 2011 09:18 am PDT AP - Berkshire Hathaway's first-quarter profits fell 58 percent because of an estimated $1.7 billion in pretax insurance losses from major disasters in Japan, Australia and the U.S. Full Story Top France sees U.S. economic lift from bin Laden death Sun, 1 May 2011 11:50 pm PDT Reuters - French Finance Minister Christine Lagarde on Monday welcomed the killing of al Qaeda leader Osama bin Laden and said his death could bolster consumer confidence and economic growth in the United States. Full Story Top U.S. mulls making more firms pay corporate tax: group Sun, 1 May 2011 01:44 pm PDT Reuters - The Obama administration is considering a plan to force more businesses to pay the corporate income tax, an industry group said, in an overhaul package that could be unveiled as early as this month. Full Story Top WTO talks on 'brink of failure': Lamy Fri, 29 Apr 2011 11:04 am PDT AFP - The Doha round of global talks aimed at expanding free trade is on the brink of failure, World Trade Organisation chief Pascal Lamy warned on Friday, with experts signalling that a collapse could even threaten the WTO. Full Story Top Target CEO pay rises 83 percent on one-time items Fri, 29 Apr 2011 10:36 am PDT AP - The CEO of discount retailer Target Corp. received a pay package in 2010 worth $23.9 million, 83 percent more than he made in 2009, because he became eligible for enhanced pension benefits and his stock awards rose as the company's performance improved, according to documents Target filed Friday with the Securities and Exchange Commission. Full Story Top How to Sell Your Small House Fri, 29 Apr 2011 12:40 pm PDT U.S. News & World Report - Here's the good news: smaller homes are selling much faster in this market than the jumbling McMansions of 10 years ago. The bad news? Although buyers want a small home, selling one can be something of a challenge. Full Story Top Oil falls below $113 after bin Laden killed Sun, 1 May 2011 10:24 pm PDT AP - Oil prices eased off two-and-a-half-year highs to below $113 a barrel Monday after President Barack Obama announced that al-Qaida leader Osama bid Laden had been killed. Full Story Top Obama keeps up push to end gas, oil tax breaks Sat, 30 Apr 2011 01:33 pm PDT AP - President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry. Full Story Top As profits surge, Europe's carmakers rev up global ambitions Sun, 1 May 2011 07:16 pm PDT AFP - Two years after a world economic downturn all but wiped them out, European carmakers have bounced back to the spotlight with Volkswagen aiming to be the industry leader and Fiat carving out a global brand for itself. Full Story Top MBA Rankings: A Better Way Fri, 29 Apr 2011 05:08 am PDT BusinessWeek - To say that MBA programs have undergone significant changes over the past three decades is an understatement. There have been dramatic shifts in approaches, curricula, and the overall MBA experience, all with a decidedly student-centric focus. Media rankings, such as those published by Bloomberg Businessweek, have played an influential role in this transformation by shining a light into an insular academic world, opening it up to scrutiny and increased accountability. ... Full Story Top

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