Noticias de Hoy

By Jonathan Stempel and Jennifer Ablan OMAHA, Nebraska (Reuters) – Warren Buffett on Saturday gave the most extensive comments to date about the future of Berkshire Hathaway Inc after he is gone, saying he still expects the conglomerate to be a partner of choice for distressed companies. Buffett, 82, also defended his plan to install his son, Howard, who has little investing experience, as nonexecutive chairman, saying the younger man’s role would be to ensure that Berkshire had the right CEO in place. . . .

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NEW YORK (Reuters) – JPMorgan Chase & Co shareholders should vote against the re-election of three board members because they failed to properly oversee risk-taking that led to $6. 2 billion of losses on the so-called "London Whale" trades, an influential proxy advisory firm said. ISS Proxy Advisory Services said in a report released late Friday that directors David Cote, James Crown and Ellen Flutter should not be re-elected at the company’s annual meeting this month because of "material failures of stewardship and risk oversight. . . .

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By Chuck Mikolajczak NEW YORK (Reuters) – With Friday’s payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains will fizzle or if the upward momentum will continue. Investors cheered the jobs report on Friday, which showed employment rose at a faster than anticipated pace an April and hiring in the prior two months was much stronger than previously thought. . . .

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By Jonathan Stempel and Jennifer Ablan OMAHA, Nebraska (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from investments and derivatives. The results topped expectations and were released after Berkshire shares closed at a record high. . . .

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By Ryan Vlastelica NEW YORK (Reuters) – The Dow and S&P 500 advanced to all-time closing highs on Friday, with major indexes jumping 1 percent after an unexpectedly strong April jobs report eased concerns about an economic slowdown. The S&P closed above 1,600 and the Dow briefly traded above 15,000 for the first time as stocks extended this year’s rally. Bellwether companies, including Chevron Corp , Boeing Co and Johnson & Johnson , reached 52-week highs. The Russell 2000 stock index of mid- and small cap companies also hit a record, confirming the broadness of the rally. . . .

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By Rodrigo Campos NEW YORK (Reuters) – Stocks rallied on Friday, with the S&P 500 and Dow industrials hitting intraday records, after employment grew more than expected in April, easing concerns about a weak economy. The S&P 500 index broke above 1,600 and the Dow briefly traded above 15,000 for the first time as stocks extended this year’s rally. Confirming the broad strength of the market’s advance, the mid- and small cap Russell 2000 stock index rose 2 percent to a record. Non-farm payrolls rose by 165,000 last month and the unemployment rate fell to 7. 5 percent, a four-year low, from 7. . . .

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By Lucia Mutikani WASHINGTON (Reuters) – U. S. employment growth likely picked up in April, but probably not by enough to counter other signs that suggest the economy has lost a step in recent weeks. Nonfarm payrolls are expected to have increased by 145,000 jobs, according to a Reuters survey of economists, after braking to a nine-month low of 88,000 in March. Taken together, the job creation pace over the past two months would still be far below the average of 200,000 for the first two months of this year. . . .

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By Ryan Vlastelica NEW YORK (Reuters) – U. S. stocks closed about 1 percent higher on Thursday, led by tech shares, after weekly jobless claims figures pointed to improving labor market conditions a day before the closely watched monthly payroll report. The European Central Bank also lifted sentiment, putting the S&P 500 at another all-time closing high, as the ECB cut interest rates for the first time in 10 months and held out the possibility of further action if necessary to boost the euro zone economy. . . .

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By Ryan Vlastelica NEW YORK (Reuters) – Stocks advanced about 1 percent on Thursday as data pointed to improved labor market conditions a day before the closely watched payroll report, while the European Central Bank took steps to shore up the euro zone economy. Jobless claims fell sharply in the latest week, dropping to their lowest since the early days of the 2007-09 recession. The data follows a string of underwhelming reports, including a slow rate of growth in factory activity in the United States and China, which added to concerns about the pace of growth going into the April jobs . . .

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WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell sharply last week to its lowest level since the early days of the 2007-09 recession, suggesting the job market is still healing despite weakness in the broader economy. Initial claims for state unemployment benefits dropped 18,000 to a seasonally adjusted 324,000 the Labor Department said on Thursday. The level of claims was the lowest since January 2008, a month after the beginning of a deep recession. . . .

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