Banks sense danger, warn Congress on breakup power
Some of the world's largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street. Read Full Article here.
Coca-Cola aims to double system revenue by 2020
Coca-Cola Co unveiled goals on Monday that call for the revenue generated by the company and its bottlers to double to roughly $200 billion by 2020, with profit margins increasing. Read Full Article here.
Berkshire buys Nestle, Exxon; ups Wal-Mart stake
Billionaire Warren Buffett's Berkshire Hathaway Inc on Monday revealed new investments in Nestle AG and Exxon Mobil Corp and that it has nearly doubled its investment in Wal-Mart Stores Inc. Read Full Article here.
Microsoft co-founder Allen diagnosed with cancer
Microsoft Corp co-founder Paul Allen has been diagnosed with non-Hodgkin's lymphoma and has begun treatment, a spokesman for his investment company said on Monday. Read Full Article here.
NY Fed failed to negotiate AIG concessions
The Federal Reserve Bank of New York on Nov. 10 that was used weak negotiating strategy that failed to wring concessions from AIG trading partners last year, allowing them to reap nearly $30 billion in payments from U.S. taxpayers, a government audit report said on Monday. Read Full Article here.