IBT Staff Reporter

Warren Buffett told a record crowd at a somber annual meeting of his Berkshire Hathaway Inc that first-quarter operating profit fell and the company's book value declined 6 percent, as the recession weighed on many of the company's businesses and investments.

Jonas the first TV comedy series starring the Jonas Brothers, Kevin, Joe and Nick debuts Saturday night at 8 p.m. EST on the Disney Channel.

Wolfgang Porsche, head of the supervisory board of Porsche and patriarch of one of its two controlling families, said the carmaker will not be sold to Volkswagen .

Delta Air Lines Inc., Continental Airlines Inc., United Airlines and US Airways Group Inc. have each cut flights to Mexico following a reduction in demand due to the swine flu outbreak.

Google has equipped its Gmail email with new Search box to help end-users browse the web from without leaving their account and also added additional emoticons.

Google was sued over using 'Android' for trademark infringement along with 47 other international corporations.

Mexico's flu outbreak appeared to be stabilizing on Saturday but officials warned it was too early to ease vigilance against an unpredictable virus which still threatens a global pandemic.

Warren Buffett acknowledged on Saturday that his Berkshire Hathaway Inc will probably lose money on some of the derivatives contracts that have prompted some to speculate that the world's most famous investor has lost his touch.

Somali pirates hijacked a Greek and a Ukrainian ship on Saturday and a NATO warship briefly detained 19 pirates armed with high explosives after foiling an attack on a Norwegian tanker in the Gulf of Aden.

Warren Buffett on Saturday expressed strong support for Wells Fargo & Co, one of the largest equity holdings of his Berkshire Hathaway Inc, saying it is a fabulous bank that is well-positioned to ride out the financial crisis.

A group of three motivators, whose work includes executive coaching, business management consulting and formulating creative approaches for changing organizations, weighed in on a discussion topic asking if the negative perceptions some Americans have about chief executive officers as being greedy and incompetent is fair and when the CEO label can stop being a “dirty word.”

Formula One could live without Ferrari if they were to walk away in protest at the introduction of a budget cap, according to International Automobile Federation (FIA) president Max Mosley.

DAKAR - Senegal has abandoned a planned share sale that would have handed majority ownership of state telecoms company Sonatel to France Telecom, government and union officials said on Friday.

Warren Buffett on Saturday said he believes the Berkshire Hathaway Inc derivatives contracts tied to equity stock indexes will probably make money, but those tied to the credit quality of junk bonds may end up in the red.

Vanessa Baug knows as well as anyone how the recession has ushered in a new era of frugality for Americans. Sales at her once-thriving jewelry store have plummeted. Some days she sells nothing.

Barack Obama is reveling in presidential power and influence unseen in Washington for decades.

By one measure, Warren Buffett is coming off his worst year ever. But by another measure, the investor may be more popular than ever.

U.S. stocks keep proving the naysayers wrong, as major averages continue to gain despite expectations for the recent rally's demise. And next week may be no different.

U.S. big businesses are being pushed by lawmakers and regulators to expand shareholder democracy in the wake of the financial crisis -- with executive pay and board of director elections the main areas where changes soon could be on the way.

The Hawaiian Islands are located in the middle of the Pacific Ocean approximately 2,400 miles (4.000 km) southwest of California. You can go there only by airplane or boat. There are six major islands: Oahu, Maui, The Big Island of Hawaii, Kauai, Molokai and Lanai. Each island is unique and may feature live volcanoes, lava flows, tropical rain forests, beautiful beaches, sugar cane fields, pineapp...

Major U.S. airlines including Delta Air Lines, U.S. Airways, Continental Airlines and UAL Corp's United Airlines said they were cutting services to Mexico on Friday, citing lower demand for flights to the country hard hit by a flu outbreak.

(Corrects number of countries with confirmed flu cases to 15)

Major U.S. airlines including Delta Air Lines, U.S. Airways, Continental Airlines and UAL Corp's United Airlines said they were cutting services to Mexico on Friday, citing lower demand for flights to the country hard hit by a flu outbreak.

The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to boost its equity at all, people familiar with the matter said on Friday.

The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to boost its equity at all, people familiar with the matter said on Friday.

U.S. regulators seized Silverton Bank of Atlanta on Friday, a bank that provided services to other banks and the biggest bank failure so far this year, but officials said the impact would be minimal.

The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to raise funds, people familiar with the matter said on Friday.

Washington Mutual Inc on Friday asked a U.S. bankruptcy court to let it probe whether JPMorgan Chase & Co had unlawfully damaged its former thrift unit's assets in order to buy it on the cheap, at $1.9 billion, last September.

Apple's push toward its own microchips could dislodge partners