Finance News – Glencore, Heinz, J.P. Morgan, Trading cushions Glencore’s 2012 profit drop
A rise in profits from trading helped Glencore offset lower prices in 2012, with net income down by a quarter as the commodities group prepares to seal a billion takeover of miner Xstrata . The drop, …
Berkshire on hunt for more Heinz-like deals
(Reuters) – Berkshire Hathaway Inc is on the hunt for more deals like its planned purchase of H.J. Heinz Co , Warren Buffett, the conglomerate’s chief executive, said on Monday.
J.P. Morgan to Cut Costs, Jobs
J.P. Morgan Chase plans to cut overall expenses in 2013 by billion and reduce headcount by 4,000 in its consumer-banking business.