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Daniel Beach

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NY, Oyster Bay, 104 School St, 11771

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Ally Sees Increase in Fannie Requests as It Tries to Stem Mortgage Exposure
Ally Financial Inc. (GMA.XX), which is largely exiting the mortgage business through the bankruptcy of its Residential Capital subsidiary, saw an increase in demands by Fannie Mae (FNMA) in the second quarter to buy back defective loans, according to a regulatory filing.
Berkshire Net Falls, but Operating Results Beat Street
Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) said second-quarter profit fell 9% to $3.11 billion amid declining results in its derivative portfolio and a failure to repeat a big investment gain it chalked up a year ago.
Berkshire's Operating Results Beat Consensus
Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) said second-quarter profit fell 9% to $3.11 billion amid declining results in its derivative portfolio and a failure to repeat a big investment gain it chalked up a year ago.
Knight's Rivals Poised to Gain Share In Handling Retail Trades
Knight Capital Group Inc.'s (KCG) main business of making markets for retail stock trades is hugely prized on Wall Street, and now potentially up for grabs for a handful of competitors after a trading snafu steered big clients away from Knight.
Treasury to Sell $5 Billion in AIG Shares at $30.50 a Share
Washington--The U.S. Treasury Department on Friday disclosed the pricing of its public sale of American International Group (AIG) stock, and said it would sell more shares than it had initially planned.
Mass Downgrade: S&P Frowns on Italian Banks
Standard & Poor's slashed the ratings of 15 financial institutions on Friday, noting worries about Italy's shrinking economy.
Brazil Petrobras 2Q Net Loss BRL1.35 Billion Vs BRL10.9 Billion Profit Year Ago
Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Friday it registered a net loss in the second quarter as earnings were dragged down by the impact of a weaker real and heavy fuel imports.
Berkshire Hathaway Profit Falls on Derivative Losses
Warren Buffett's Berkshire Hathaway posted a smaller second-quarter profit as losses on derivatives weighed on the company's bottom line.
Berkshire Hathaway Operating Profit Beats Estimate
Warren Buffett's Berkshire Hathaway Inc. late Friday reported its second-quarter operating earnings rose to $3.72 billion, or $2,252 per Class A share, from $3.42 billion, or $1,640 per Class A share, a year ago.
FTC Probes Third Point's Yahoo Investments: Report
The Federal Trade Commission is looking into Third Point's investments in Yahoo Inc , according to a Friday post on the AllThingsD site.
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