Warren Buffett's derivatives wagers sapped earnings during the financial crisis at his Berkshire Hathaway Inc. and were part of the reason the company lost its triple-A credit rating.
A rout in European bond prices persisted Thursday, leaving yields to rebound from the record lows they had hit as a result of the European Central Bank's 1.1-trillion-euro ($1.25 trillion) bond-buying program it launched in March.
Factory orders in Germany, Europe's biggest economy, picked up in March after two consecutive declines thanks to higher domestic demand - but the improvement was smaller than economists expected.
FRANKFURT - Siemens, the German industrial giant, said on Thursday that it would cut 4,500 jobs as it reacts to a slump in oil prices that has eroded its sales of equipment to the energy industry.
It's been called the �razor blade business model.� A company sells a product like a battery-operated razor blade handle at a relatively low price in order to sell a complementary consumable product later, like the astoundingly costly Gillette Power Fusion ...