Buffett’s Berkshire Will Pay $4.5 Billion for Control of Pritzkers’ Marmon Billionaire Warren Buffett’s Berkshire Hathaway Inc. will pay $4.5 billion for 60 percent of Marmon Holdings Inc., adding another family run company that prospered without shareholder demands for short-term profits.
Crude Oil Trades Above $95 on Speculation U.S. Inventories Declined Again Crude oil rose above $96 a barrel in New York on speculation an Energy Department report tomorrow will show that U.S. inventories fell for a sixth week.
STMicroelectronics, Intel Delay Merger of Flash-Memory Units on Financing STMicroelectronics NV and Intel Corp. delayed the merger of their unprofitable memory units and said the venture will get less financing than previously announced.
Air Astana to Buy Six Airbus, Three Boeing Planes to Meet Growth in Travel Air Astana, a venture between the Kazakh government and BAE Systems Plc, agreed to buy nine Airbus SAS and Boeing Co. jetliners to help meet surging travel demand in the Central Asian nation.
Germany to Cut 2008 Growth Forecast, Economy Minister Glos Tells Die Zeit German Economy Minister Michael Glos said the government will lower “slightly” its 2008 forecast for economic expansion, German weekly newspaper Die Zeit reported, citing an interview.
Bayer Recalls Diabetic Blood-Sugar Test Strips Citing Possible Inaccuracy German drugmaker Bayer AG recalled test strips used by diabetics in seven countries because the products may overstate how much sugar is in the blood.
Vivendi’s Canal Plus in Accord to Buy Occade Sport for Undisclosed Amount Canal Plus, Vivendi SA’s pay- television unit, said it has signed an agreement to buy Occade Sport SAS, an organizer of sporting events.
Aeroflot Forecasts Record $3.7 Billion in 2008 Sales on Growth in Russia OAO Aeroflot, Russia’s largest airline, said sales will probably rise to a record 90.7 billion rubles ($3.7 billion) next year on surging demand in its domestic market.
Dollar Strategists Forecast End of Bear Market, 3% Gain Versus Euro in ’08 The dollar is poised to end a two- year slide against the euro in 2008 as government-backed funds in Asia and the Middle East purchase U.S. assets, currency strategists say.
Asian Stocks Gain for Fourth Day; Toyota Rises on Sales, Mediatek Declines Asian stocks climbed for the fourth day to a two-week high, led by Toyota Motor Corp., after the company raised its sales forecast for next year.
Japan’s Slower Growth Doesn’t Merit Interest-Rate Cut, BOJ’s Kamezaki Says Japan’s slowing economic growth doesn’t mean the central bank should lower its benchmark interest rate, said Hidetoshi Kamezaki, a member of the Bank of Japan’s policy board.
Sanyo Electric Shares Fall Most in 10 Months on Possible Tokyo Delisting Sanyo Electric Co., the Japanese electronics maker that’s restating six years of earnings, fell the most in 10 months in Tokyo trading after the country’s main stock exchange said the shares may be delisted.
Palm Oil Gains to Record on Increasing Demand for Alternative Fuel, Food Palm oil prices in Malaysia, the global benchmark, rose to a record today as global demand for vegetable oils for food and alternative fuel outstripped supply.
Shanghai Auto to Buy Nanjing’s Car Operations as Government Pushes Mergers Shanghai Automotive Industry Corp. (Group), China’s largest automaker, agreed to buy Nanjing Automobile Group Corp.’s auto-assembly and component-making businesses as China urges its carmakers to consolidate.
Bank of Japan Board Is Concerned About Global Growth Risks, Minutes Show The Bank of Japan refrained from raising interest rates in November because of concern that “unstable” financial markets may derail world economic growth, minutes show.