Berkshire Hathaway’s first-quarter net income dropped 64% as underwriting income wilted and the giant conglomerate led by Warren Buffett reported $1.7 billion in unrealized derivatives losses.

When Walt Disney reports earnings on Tuesday, investors will find out whether Disney magic can continue to protect its theme-park and resort business against the threats of a soft economy and rising gas and food prices.

Thousands of Warren Buffett devotees will be in Omaha, Neb., this weekend for the Berkshire Hathaway annual meeting.The annual confab, dubbed by some “the Woodstock of Capitalism,” is a testament to Buffett, the world’s richest man and one of t

From Silicon Alley Insider, May 2, 2008:UPDATE: The WSJ has confirmed
our earlier assumption: Microsoft has been silent because Microsoft and
Yahoo are now negotiating seriously about consummating a friendly deal.
Microsoft has raised its bid “by

As Obama and Clinton head into their final week of campaigning before Tuesday’s primaries, some polls are now giving Clinton a glimmer of hope. (May 2)

As Obama and Clinton head into their final week of campaigning before Tuesday’s primaries, some polls are now giving Clinton a glimmer of hope. (May 2)

Security swarms the torch in Hong Kong as pro-China supporters and protestors spar on the sidelines. Video courtesy of Reuters. (May 2)

Security swarms the torch in Hong Kong as pro-China supporters and protestors spar on the sidelines. Video courtesy of Reuters. (May 2)

General Motors calls it one answer to the problem of America’s heavy dependence on foreign oil — Hydrogen Fuel-Cell Vehicles. Video courtesy of Reuters. (May 2)