WASHINGTON (AP) — U.S. officials said President Barack Obama may cancel plans to attend an international summit in Russia this year and could halt discussions on deepening trade ties with Moscow, raising specific possible consequences if Russia intervenes in Ukraine. Obama bluntly warned of unspecified "costs" for Russia.
By Luciana Lopez NEW YORK (Reuters) - A five-year bull market may have finally outdueled one of the U.S. stock market's biggest bulls, and Warren Buffett will probably tell investors on Saturday that his 43-year run of beating the Street has come to an end. By his own benchmark for performance, Buffett's Berkshire Hathaway Inc almost certainly lagged a red-hot stock market in 2013 and probably also fell short over the previous five years, his favored timeframe for measuring the firm's return for its investors. Using the gain in Berkshire's book value per share after taxes, which Buffett traditionally contrasts with the pre-tax total return, including dividends, on the Standard & Poor's 500 Index, Berkshire will be hard pressed to match the S&P's 128.2 percent gain in the five years ended December 31, 2013. The whopping 32 percent total return on the S&P last year only makes it more likely that Berkshire's book value did not match the index's five-year performance.
KIEV, Ukraine (AP) — Ukrainians are getting an unfiltered look at the opulent lifestyle and alleged machinations of fugitive President Viktor Yanukovych and his top officials from thousands of documents being posted online by journalists who say it's more important to record their country's history — and document possible crimes — than hold them back for their own scoops.
SEVASTOPOL, Ukraine (AP) — Armed men took control of key airports in Crimea on Friday and Russian transport planes flew into the strategic region, Ukrainian officials said, an ominous sign of the Kremlin's iron hand in Ukraine. President Barack Obama warned Moscow there will be costs if it intervenes militarily in Ukraine.