Warren Buffett earlier had touted a 3 percent default rate to Berkshire Hathaway shareholders to rebut claims of predatory lending in a Seattle Times and Center for Public Integrity probe into Berkshire's mobile-home subsidiary, Clayton Homes.
HONG KONG (Reuters) - Asian markets edged lower on Tuesday and the Australian dollar steadied as investors stayed on the sidelines ahead of a Reserve Bank of Australia policy decision that might result in an interest rate cut.
At Comcast, CMCSA 0.63 % the scales of video versus broadband have finally tipped. That shouldn't unbalance profitability. Its quarterly results beat expectations Monday, and the cable giant boosted its buyback program by $2.5 billion.
Inflation expectations are picking up again, as a rebound in oil prices helps ease an early-year deflation scare. Measures tracked by the Federal Reserve and the European Central Bank have risen to the highest levels since December.
May 4 -- Two years of client withdrawals at Pimco's flagship have cost it the title of the world's biggest bond mutual fund.