Business & Finance

To recover NYSE compliance, Berkshire Hathaway will name an independent director.

To recover conformity with the New York Stock Exchange, Berkshire Hathaway Inc. BRK.A, -2.47% BRK.B, -2.63% stated that its board will select a new independent director as soon as possible. The Omaha, Nebraska-based corporation, which holds businesses such as insurer Geico, railroad BNSF Railway, and sportswear manufacturer Brooks Running, stated on Monday that the exchange […]

Carnival’s stock rises to rebound from a 30-year low, but underperforms because problems seem to be “industry peculiar.”

After Stifel Nicolaus analyst Steven Wieczynski said Carnival’s problems are “company specific,” shares of Carnival Corp. CCL, -3.15% rose 1.1% in morning trading on Monday, reversing a loss of as much as 6.4%. However, they underperformed shares of rival cruise operators and the overall stock market. The stock was the most actively traded on the […]