David Gaffen

Pimco's Gross does not see rate rise soon

NEW YORK (Reuters) - Bond-fund manager Bill Gross on Thursday said that investors should disabuse themselves of the notion that interest rates are going to be lifted any time soon, even though assets such as gold have streaked to new records.
 

Buffett buying Burlington rail in his biggest deal

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a recovering U.S. economy.
 

Buffett buying Burlington rail in his biggest deal

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a recovering U.S. economy.
 

Fannie, Freddie soar as day-traders seek profit

NEW YORK (Reuters) - Shares of U.S. government-controlled mortgage lenders Fannie Mae <FNM.N> and Freddie Mac <FRE.N> soared for a second straight day on Tuesday after attracting the attention of day-traders looking to turn a quick profit with these low-priced household names.
 

Dow Jones exploring sale of indexes business: report

NEW YORK (Reuters) - Dow Jones & Co Inc has been talking to potential buyers about the sale of its stock market index business, including the Dow Jones industrial average <.DJI>, the company's Wall Street Journal reported on its website.