The U.S. State Department has approved a $1.75 billion sale to Saudi Arabia to upgrade its Patriot air defense system with PAC-3 missiles, a deal that would benefit Lockheed Martin Corp (LMT.N) and Raytheon Co (RTN.N), the Pentagon said Wednesday.
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Buffett's Berkshire to buy private auto dealer Van Tuyl
Warren Buffett's Berkshire Hathaway Inc said on Thursday it would buy the Van Tuyl Group auto dealership, in what the billionaire hinted could be the first of many such purchases as his company extends its longtime bullish view on the U.S. economy.
GM recalls 117,651 vehicles for potential electrical short issue
General Motors Co (GM.N) on Thursday said it is recalling 117,651 newer vehicles in North America because a possible manufacturing defect could cause an electrical short and increase the risk of a crash.
Schwab drops Pimco Total Return from target date portfolios
Charles Schwab Corp (SCHW.N) has dropped the Pimco Total Return Fund from its 10 target date funds and collective trusts, a company spokeswoman told Reuters on Thursday.
Wall St. ends flat, small caps rebound in volatile day
U.S. stocks ended flat in a volatile session on Thursday as energy stocks rebounded and investors bought beaten-down shares, especially small caps.
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Prominent investor shareholder advisory firm ISS called on Allergan Inc to give its shareholders a chance to vote on any large, buyout-blocking acquisitions and said the company's board faced a credibility problem, according to a report seen by Reuters.
Coca-Cola Co, facing criticism from Warren Buffett and other investors for its outsized employee share rewards, said it had adopted new guidelines that would limit its stock compensation plan and improve transparency.
DirecTV (DTV.O) extended its exclusive contract to sell the Sunday Ticket package of National Football League games, and sources said the company will pay $1.5 billion a year to keep the popular offering that has helped attract subscribers.
Hewlett-Packard Co's vice president of server engineering expects new lower-power servers made with technology from ARM Holdings to make inroads in niche data centers over the next year in a market dominated by Intel Corp.
Activist investor Starboard Value LP said on Wednesday it had offered to acquire the remaining shares in RealD Inc RLD.N after raising its stake in the 3D technology licensor.
PayPal's biggest threat as it prepares to split from eBay (EBAY.O) next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.
Bank of America Corp (BAC.N) said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately. He succeeds Charles "Chad" Holliday, the former chief executive of the chemical company E.I. du Pont de Nemours and Co (DD.N), who served as the bank's chairman for more than four years.
Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross's surprise resignation from the firm.
After a very strong August the expansion in the U.S. manufacturing industry cooled a bit in September The Institute for Supply Management said the PMI slowed to 56.6 from 59 in August.
