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• Possible pullback, high oil raise risks (Reuters)
• With $38 billion cash, Warren Buffett looking for deals (Reuters)
• BofA, Wells, Citi see foreclosure probe fines (Reuters)
• Mizuho to buy out units in $4 billion deal: source (Reuters)
• ECB's Draghi says must watch inflation threat (Reuters)
• Republicans question top SEC attorney on Madoff ties (Reuters)
• U.S., Saudi reassure on growth as Libya turmoil drives oil (Reuters)
• Berkshire Hathaway's 4Q net income up 43 percent (AP)
• Crisis-hit Ireland dumps governing party: exit polls (AFP)
• Court OKs $624M payout to Countrywide investors (AP)
• IMF says economic losses from oil prices limited (Reuters)
• Wells Fargo could face penalties on foreclosures (AP)
• Iran Revolutionary Guards firm gets big pipeline deals (Reuters)
• State budget crisis looms over governors meeting (AP)
• Chrysler CEO receives no cash for 2010: filing (Reuters)

Possible pullback, high oil raise risks (Reuters) Posted: 26 Feb 2011 08:49 AM PST Reuters - On Wall Street they wonder: Was that it? Is the pullback over?

With $38 billion cash, Warren Buffett looking for deals (Reuters) Posted: 26 Feb 2011 07:00 AM PST Reuters - Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday.

BofA, Wells, Citi see foreclosure probe fines (Reuters) Posted: 25 Feb 2011 06:20 PM PST Reuters - Bank of America, Citigroup and Wells Fargo -- three of the biggest banks in the United States -- said they could face fines from a regulatory probe into the industry's foreclosure practices.

Mizuho to buy out units in $4 billion deal: source (Reuters) Posted: 26 Feb 2011 04:10 AM PST Reuters - Mizuho Financial Group is planning to buy out its brokerage and trust bank units, a source familiar with the matter said on Saturday, in a roughly $4 billion deal aimed at helping the lender grow beyond sluggish commercial banking business in Japan.

ECB's Draghi says must watch inflation threat (Reuters) Posted: 26 Feb 2011 04:34 AM PST Reuters - Monetary policy makers must closely watch emerging inflation tensions to head off any decline in expectations for price stability, European Central Bank Governing Council member Mario Draghi said on Saturday.

Republicans question top SEC attorney on Madoff ties (Reuters) Posted: 25 Feb 2011 07:10 AM PST Reuters - Several key House Republicans are raising questions of ethics about the top attorney at the Securities and Exchange Commission amid allegations that his family's estate received $1.5 million in phony profits from Bernard Madoff's Ponzi scheme.

U.S., Saudi reassure on growth as Libya turmoil drives oil (Reuters) Posted: 25 Feb 2011 12:48 PM PST Reuters - The world can weather a spike in oil prices, U.S. President Barack Obama said, as Saudi Arabia offered some respite to fears over Middle East oil supplies by indicating it can cover export cuts resulting from Libya's civil war.

Berkshire Hathaway's 4Q net income up 43 percent (AP) Posted: 26 Feb 2011 07:15 AM PST AP - Warren Buffett's Berkshire Hathaway reported a 43 percent jump in fourth-quarter profit Saturday thanks to the strong performance of BNSF railroad and a paper gain of $1.4 billion on the company's derivative contracts and investments.

Crisis-hit Ireland dumps governing party: exit polls (AFP) Posted: 26 Feb 2011 08:52 AM PST AFP - Ireland's ruling Fianna Fail party suffered a crushing defeat in elections dominated by the economic collapse and an EU-IMF bailout, exit polls showed Saturday, with the opposition poised to take power.

Court OKs $624M payout to Countrywide investors (AP) Posted: 25 Feb 2011 05:57 PM PST AP - A federal judge on Friday approved a $624 million settlement in a lawsuit brought by several New York public pension funds against fallen mortgage giant Countrywide Financial Corp.

IMF says economic losses from oil prices limited (Reuters) Posted: 25 Feb 2011 12:37 PM PST Reuters - Higher oil prices should have a limited impact on the world economy if prices stay at current levels, the International Monetary Fund said on Friday.

Wells Fargo could face penalties on foreclosures (AP) Posted: 25 Feb 2011 05:09 PM PST AP - Wells Fargo & Co. says that it is being investigated by several government agencies for its foreclosure practices and is likely to face enforcement actions.

Iran Revolutionary Guards firm gets big pipeline deals (Reuters) Posted: 26 Feb 2011 04:47 AM PST Reuters - Iran has awarded contracts worth $2.6 billion to a company controlled by the Revolutionary Guards, the semi-official Mehr news agency said on Saturday, showing the continuing rise of the elite military force.

State budget crisis looms over governors meeting (AP) Posted: 25 Feb 2011 06:05 PM PST AP - Confronting crushing budget woes, many of the nation's governors are calling for painful spending cuts. But beyond that, their approaches are diverging drastically, from union-cramping proposals in Wisconsin and other states to higher taxes in Illinois and elsewhere.

Chrysler CEO receives no cash for 2010: filing (Reuters) Posted: 25 Feb 2011 05:00 PM PST Reuters - Chrysler CEO Sergio Marchionne led an overhaul of the company's staid lineup of cars and trucks and revived interest in the automaker that was once left for dead-- and he didn't get paid any cash for it.

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