News – Page 326
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Online onlyHot bath spurs Buffett's BofA deal
Billionaire investor Warren Buffett has revealed he was in the bathtub when he dreamt up the idea to invest $5bn in the faltering Bank of America.Like Sicilian mathematician Archimedes who proved the best ideas are bathtub-based, the Berkshire Hathaway owner told CNBC he got the idea to approach BofA CEO ...
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Online onlyHardy makes H1 loss, appoints new COO
Lloyd’s insurer Hardy has made a loss after tax of £17.1m for the first half of 2011, compared with a profit of £2m in the same period last year.The loss before tax was higher, at £20.7m, because a £3.7m tax credit reduced the net loss.Hardy’s results were hit by the ...
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