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Wall St. rebounds from selloff after MAS plane crash; indexes up for the week

NEW YORK: U.S. stocks rose on Friday, rebounding a day after the S&P 500 suffered its worst slide since April 10, with the three major indexes closing higher for the week.


Buffett puts shareholders ahead of patriotism in Canadian deal

NEW YORK: Warren Buffett may be most famous for the billions of dollars he has made from investing but he is also well known as a cheerleader for the US. The Oracle of Omaha routinely exhorts investors to put their money in America, "the mother lode of opportunity," as he wrote in his annual letter this year.


US senator says billionaire Warren Buffett called him about tax inversions

WASHINGTON: U.S. Senator Orrin Hatch, the top Republican on the tax-writing Finance Committee, said billionaire investor Warren Buffett called him recently to find out what Congress might do about companies that move abroad for tax purposes.


Trading ideas: Freight Management, Tomei, Iris, Samudra, YTL Corp

KUALA LUMPUR: JF Apex Research expects Freight Management, Tomei, Iris and Kejuruteraan Samudra Timur to be among the stocks which could see trading interest on Friday.


KLCI up marginally in lacklustre trade

KUALA LUMPUR: The FBM KLCI was up marginally at midday on Thursday, but the broader market was weaker dampened by lower quarterly earnings, softer export data and the sharply-below-expectations industrial production index.


U.S. hiring accelerates, jobless rate hits six-year low

WASHINGTON: U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015.


Gap remains between US, Japan on trade pact

SYDNEY: Negotiations for an ambitious trade pact among Pacific countries made significant progress over the weekend but there is still a gap between Japan and the United States over market access and other hurdles, trade representatives said.


Ex-Treasury Secretary Paulson says AIG bailout was punitive

WASHINGTON: Former Treasury Secretary Henry "Hank" Paulson told a packed courtroom on Monday that AIG shareholders were singled out for punishment as part of the U.S. government's attempt to contain the contagion of the 2008 financial crisis.


Global economic recovery beset by downside risks

BEIJING: The global economic recovery is beset by “downside risks“, China’s vice-premier told Asia-Pacific finance ministers, a day after growth in the world’s second largest economy hit a five-year low.


Becton Dickinson to buy CareFusion for US$12bil in cash, stock

Medical equipment supplier Becton Dickinson & Co has agreed to buy CareFusion Corp, a maker of infusion pumps and other medical devices, for US$12.2 billion in cash and stock, marking the latest multibillion-dollar healthcare sector deal.