COMPANIES

Warren Buffett said newspapers faced the possibility of nearly unending losses and he would not buy most newspapers in the U.S. at any price in May 2009 at a Berkshire Hathaway shareholders meeting. However, the billionaire announced Wednesday that he has agreed to buy Omaha World-Herald Co., publisher of his hometown newspaper the World-Herald.

Small banks are facing some of the largest personnel costs in the banking industry, while large institutions are tepidly adding jobs, an analysis by the Wall Street Journal published Wednesday has found.

Employment in the private sector rose 206,000 from October to November and small businesses contributed to more than half of the growth.

Rep. Ed Markey (D-MA), the co-chairman of the Congressional Privacy Caucus, said in a statement Tuesday he was unhappy about Amazon's answers to a letter he sent to the Seattle-based retailer last month asking about Amazon Silk, a web browser installed in the Fire tablet.

Billionaire investor Warren Buffett buys newspapers every day, the hometown daily included, but on Wednesday he dispensed with the single-issue price and bought the whole company instead.

U.S. mortgage applications decreased on a seasonally adjusted basis by 11.7 percent in the week ending Nov. 25, according to the Mortgage Bankers Association (MBA).

U.S. workers in the nonfarm business sector increased their productivity between July and September by the most in a year and a half, but grew at a slower rate than initially expected.

Two companies have come forward Wednesday saying they may purchase U.S. oil company ExxonMobil's stake in Iraq's West Qurna oil field.

U.S. job cuts dropped 13 percent from the same month a year ago. Yet, with still one month remaining in 2011, the 11-month total of 564,297 has already officially surpassed the 497,969 people employers let go in the past year.

Former U.S. Marine and Medal of Honor recipient Dakota Meyer is suing a former employer, defense contractor BAE Systems OASYS Inc., because the company slandered his character after he tried to get a job, according to reports.

The 2011 Victoria's Secret Fashion show featured some of the most stunning looks so far, as supermodel Angels like Miranda Kerr, Adriana Lima and Alessandra Ambrosio strutted down the runway. Missed the show? Check out photos and video from the lingerie show, from Nicki Minaj's performance to beautiful creations on the runway.

Canaccord Genuity sees risk of inventory correction for Intel Corp. (NASDAQ:INTC) in the first quarter as the shortage of hard disk drives (HDD) is driving higher CPU inventories.

Banks' contribution to the economy may be hugely overstated, underscoring anger about the scale of taxpayer rescues and resultant government cutbacks, but a sharp retreat of banking worldwide looks painful for all and needs calibrating.

Luxury auto-maker, Lexus has embarked on a new creative journey by asking four fashion designers to rethink their notions of automotive designs for an upcoming advertising campaign for Vogue.

Goldman Sachs has raised $600 million from clients such as pension funds, wealthy families and large institutions for a new fund that would provide start-up money to hedge-fund managers, the Wall Street Journal said.

French bank Societe Generale SA is contemplating the sale of its U.S. asset manager TCW Group, Bloomberg reported citing people familiar with the matter.

Justices hear case that could affect the statute of limitation for filing certain insider trading claims.

Wendy's is on track to overtake Burger King as the United States' second-largest fast-food burger chain next to McDonald's, according to an analyst's report released on Tuesday.

So far, it has been a tough week for the troubled Bank of America Corp. (BAC). The firm's stock hit a new 52-week low Tuesday, dropping more than 3 percent to $5.03 a share, the lowest level since March 12, 2009. After the market closed, more bad news came as Standard & Poor's downgraded the bank's long-term credit rating by a notch to A- from A.

Down a stretch of cobblestone in Manhattan's Soho neighborhood, a historic cast-iron building encloses a modern interior. The building is 34 Greene Street, atop which is a massive two-level penthouse, currently on the market for $13.75 million.

News that Oneal Ron Morris injected a mixture of cement and tire sealant into another transgender woman's face has just surfaced as the victim tells her story to CBS News.

The Federal Communications Commission will allow AT&T to withdraw its application for merger with T-Mobile USA after the commission originally said it couldn't, a person familiar with the matter told The Wall Street Journal.

Oregonians who get jobless and child support payments via ReliaCards will be able to receive free and unlimited point-of-sale, bank teller and U.S. Bank ATM transactions, under a new fee structure reached by Oregon Treasure Ted Wheeler and U.S. Bank.

The Malkin family, the New York landlords who own the Empire State Building, plan to file to become a publicly traded real estate investment trust (REIT) in around three months, it said in a Securities and Exchange Commission filing.

Remember the Wal-Mart shopper that pepper-sprayed people to get an Xbox 360 on Black Friday? Yeah, that Wal-Mart shopper that pepper-sprayed people to get an Xbox 360 on Black Friday. Well, turns out she may not have done it to get an Xbox 360 after all.

MF Global UK administrator KPMG said it had recovered about $500 million of client assets frozen at the defunct broker and planned to make significant returns to customers before the March 2012 claims deadline.

Canada's Cenovus Energy Inc said scientists have confirmed that the carbon dioxide used for oil recovery at its Weyburn unit in Saskatchewan is not linked to carbon dioxide concentrations in the soil at a nearby property.

U.S. homeowners with mortgages worth more than the value of their homes decreased slightly in the third quarter, according to a report from CoreLogic.

As news continue to trickle down as to what the bankruptcy of the third-largest airline in the U.S. (NYSE:AMR) will look like, there are three groups of stakeholders in the company that should have already realized they're in for a rough landing.