Breakingviews on Twitter
Search League Tables

Monday, 02 March 2015

Americas

Warren Buffett, CEO of Berkshire Hathaway.

Buffett highlights the paradoxes of being Warren

02 March 2015

The sage of Omaha packed yet more folksy wisdom into his shareholder letter marking 50 years atop Berkshire Hathaway. He also revealed some ironies ranging from how his firm works, to corporate governance, to Wall Street’s usefulness. Success, it seems, requires contradictions.

Graduates celebrate receiving a Masters in Business Administration from Columbia University during the year's commencement ceremony in New York in this May 18, 2005.

U.S. student loans could need $500 bln bailout

27 February 2015

Borrowing for education has soared over the past decade, ballooning to $1.2 trln and growing far faster than GDP. With serious delinquencies at 11 pct and Washington on the hook, there’s a mess in the making. A Breakingviews calculator shows how big Uncle Sam’s exposure could get.

Cables of optical fibre of Telecom Italia are seen in a telephone exchange in Rome, December 20, 2013.

Verizon taps out unwise riposte to new web rules

26 February 2015

Regulators are giving consumers a boost by preventing broadband providers from offering favorable treatment to certain clients. But the telecoms giant expressed its discontent in Morse code and then in old typeset. Disagreeing is fine. Taunting your overseer, though, is a risky move.

A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013.

JPMorgan pruning could help fees sprout anew

26 February 2015

The U.S. mega-bank may trim some Wall Street operations if returns don’t improve. It’s bad news for smaller rivals if one of the biggest players in rates and derivatives can’t make money in some areas. But if clients end up paying more, bank investors will eventually benefit.

The Airbus A380 departs JFK International Airport in New York en route to Chicago O'Hare International airport  March 20, 2007.

U.S. airlines throwing stones from glass hangars

27 February 2015

Delta, United and American want trade deals changed, arguing Gulf rivals are unfairly subsidized. That’s rich, given the bailouts, antitrust exemptions and other goodies these three enjoy. Blowback from domestic peers may persuade them that whining to Uncle Sam won’t fly.

Current gas prices are shown at a Shell gas station in Encinitas, California October 10, 2014.

Oil finally percolating toward a level price

26 February 2015

U.S. light crude has rallied 12 pct from last month’s six-year low but is still shy of where shale drillers can profit. Higher demand and less capital spending may push prices up while steady output from Saudi Arabia and others limits their rise. About $60 a barrel looks likely.

A street sign stands near the Morgan Stanley worldwide headquarters building in New York May 8, 2009.

Morgan Stanley makes $2.7 bln hit an afterthought

26 February 2015

Like Citi, the bank sprung a legal settlement on investors. Unlike its rival, Morgan Stanley has shunted the cost into the previous year, making 2014 profit barely more than half what was reported. That’s handy, if cynical, for a Wall Street firm keen to trumpet its turnaround.

VIDEOS