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Sunday, May 1, 2011 12:00 AM PDT

Today's Business News: Sell in May and go away? Not so fast Buffett admits error, says Sokol events inexcusable Insurance to drag on Berkshire Q1 results EU hits banks with credit default swap probe Microsoft stock tumbles after Windows sales dip Former SAC analyst settles insider charges with SEC Dollar extends slide on views of low US rates Berkshire 1Q profit drops on insurance losses EU targets 16 major banks in swaps market probes Gasoline prices are up to $4 a gallon. Is that 'Big Oil's' fault? WTO talks on 'brink of failure': Lamy Target CEO pay rises 83 percent on one-time items How to Sell Your Small House Berkshire shareholders reject emissions goals Obama keeps up push to end gas, oil tax breaks Obama Administration Responsible for Record Gas Prices MBA Rankings: A Better Way Sell in May and go away? Not so fast Sat, 30 Apr 2011 10:54 am PDT Reuters - Major U.S. stock indexes are at multi-year highs but Wall Street does not seem to be running out of steam, not just yet. Full Story Top Buffett admits error, says Sokol events inexcusable Sat, 30 Apr 2011 04:38 pm PDT Reuters - Warren Buffett said he was wrong not to press David Sokol about purchases of Lubrizol Corp stock while his former top lieutenant was pitching the chemicals company as a possible takeover target for Berkshire Hathaway Inc. Full Story Top Insurance to drag on Berkshire Q1 results Sat, 30 Apr 2011 08:06 am PDT Reuters - Berkshire Hathaway Inc (BRKa.N) (BRKb.N) will report a significantly lower first-quarter profit, as one of the worst quarters ever for global catastrophes weighed on the company's insurance businesses, Chief Executive Warren Buffett said on Saturday. Full Story Top EU hits banks with credit default swap probe Fri, 29 Apr 2011 05:18 pm PDT Reuters - The $28 trillion credit default swaps market came under investigation on Friday by the European Union, adding to official pressures bearing down on a huge and opaque business that is widely blamed for aggravating the recent banking and euro zone debt crises. Full Story Top Microsoft stock tumbles after Windows sales dip Fri, 29 Apr 2011 03:33 pm PDT Reuters - Microsoft Corp shares fell as much as 5 percent on Friday, a day after the software company reported a dip in its Windows operating system sales. Full Story Top Former SAC analyst settles insider charges with SEC Thu, 28 Apr 2011 02:29 pm PDT Reuters - Former SAC Capital Advisors LP analyst Jonathan Hollander reached a settlement with U.S. securities regulators over allegations he engaged in insider trading in his personal account, while working at Steven A. Cohen's $12 billion hedge fund. Full Story Top Dollar extends slide on views of low US rates Fri, 29 Apr 2011 01:01 pm PDT AP - The dollar extended its slide against the world's other major currencies Friday on expectations that the Federal Reserve will keep interest rates low to nourish U.S. economic growth despite rising oil 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 EU targets 16 major banks in swaps market probes Fri, 29 Apr 2011 02:17 pm PDT AP - The European Union's competition watchdog is investigating the practices of some of the world's largest banks, as well as a clearing house and a financial data firm, in the market for credit default swaps. Full Story Top Gasoline prices are up to $4 a gallon. Is that 'Big Oil's' fault? Sat, 30 Apr 2011 12:59 pm PDT The Christian Science Monitor - If you have to fill your gas tank this weekend – whether or not it takes a second mortgage to pay the tab – you’re a soldier in the hottest political fight over energy and the economy. Or maybe you feel more like “collateral damage” as President Obama, lawmakers, and “Big Oil” battle over who’s at fault for $4-per-gallon gasoline. 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 Berkshire shareholders reject emissions goals Sat, 30 Apr 2011 02:25 pm PDT AP - Berkshire Hathaway shareholders reject a measure that would have required the company's utilities to set goals for reducing greenhouse gas emissions. 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 Obama Administration Responsible for Record Gas Prices Sat, 30 Apr 2011 10:19 am PDT ContributorNetwork - COMMENTARY | The oil industry is enjoying record profits as the price for a barrel of oil soars to more than $110. Chevron posted its profit numbers for the first quarter. The numbers were tough to stomach. Chevron reported earnings of $6.2 billion ($3.09 per share -- diluted) for the first quarter 2011, compared with $4.6 billion ($2.27 per share -- diluted) in the 2010 first quarter. 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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