| Mar 4, 2014
| 1:56 PM
Moelis & Co., a boutique Los Angeles investment bank, filed for an initial public offering, seeking to capitalize on the soaring stock market and a recent pickup in corporate mergers.
The firm was founded in 2007 by Ken Moelis, a longtime Southern...
| Feb 21, 2014
| 8:40 AM
With America's new oil boom forcing more and more crude onto long trains to make up for inadequate pipeline capacity, Warren Buffett's BNSF has opened bids to buy 5,000 safer transport cars.
The move follows a series of high-profile rail accidents and...
| Jan 21, 2014
| 7:44 PM
Bobby Shriver invoked his Kennedy family heritage Tuesday as he launched his campaign for Los Angeles County supervisor, using his place in the political dynasty to try to gain an edge even while casting himself as an "outsider."
The former mayor of...
| Jan 21, 2014
| 6:41 PM
Think you can guess the winners of all 67 games in this spring's NCAA men's basketball tournament?
Warren Buffett is betting a fortune that you can't.
In what may be the largest sports bet in history, Buffett's Berkshire Hathaway Inc. will pay $1...
| Jan 22, 2014
| 11:51 AM
Some lucky person out there could be filling out a billion-dollar bracket for March Madness this year.
A really, really lucky person. Because that's what it is going to take -- a lot of luck -- to correctly pick the winners of every single game in the...
| Jan 28, 2014
| 8:30 AM
PARIS -- On the occasion of President Obama's State of the Union address this week, marking five years since he was sworn into office with the stated primary objective of turning around the post-crisis domestic economy, it's worth asking: Is America...
| Mar 10, 2014
| 10:30 AM
It's written by one of the world's richest men, it's 24 pages long, and it's one of the best how-to guides that I can think of for young investors.
Hot off the presses, it's the annual shareholders' letter from Warren Buffett, the 83-year-old chairman of...
| Mar 12, 2014
| 8:30 AM
Warren Buffett's Berkshire Hathaway has set an agreement to acquire Miami ABC affiliate WPLG from Graham Holdings Co. in a stock-swap deal valued at $1.1 billion.
Deal calls for Berkshire to swap 1.6 million shares that it owns in Graham Holdings Co. for...
| Sep 20, 2013
| 6:30 AM
WASHINGTON -- Billionaire investor Warren Buffett said a failure to raise the nation's $16.7 trillion debt limit would be "pretty damn dumb" as Democrats and Republicans square off in a showdown that could lead to the first-ever federal government...
| Sep 16, 2013
| 11:25 AM
Five years after the financial crisis, the mega-rich have regained all the wealth they lost during the recession, setting a new record value for combined net worth, according to Forbes' 400 richest Americans list released Monday.
The annual report...
| Oct 28, 2013
| 9:01 AM
Burger King stock was on the upswing Monday after the fast-food company said its profit surged nearly 33% in the third quarter, beating predictions from Wall Street.
The Miami-based company said its adjusted net income soared to $81.1 million, or 23...