Prudential PLC, Britain’s largest life insurer, is exploring a bid for the Asian life-insurance arm of American International Group Inc., according to media reports Saturday. The Wall Street Journal, citing people familiar with the matter it did not name,…

American International Group – Wall Street Journal – Life insurance – Prudential PLC – Insurance

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Reports: Prudential PLC may buy AIG unit

It took Ina Polak 35 years to discover the dusty piece of paper that probably saved her and her family in Bergen-Belsen concentration camp. It wasn’t until she was cleaning her mother’s New York City apartment following her death in 1980 that she discovered…

Holocaust – Bergen-Belsen concentration camp – New York City – History – Twentieth Century

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How diplomat’s paperwork saved lives in Holocaust

Codelco’s El Teniente and Andina copper mines in central Chile will reopen “shortly” after inspectors failed to find major damage from the earthquake that hit the country, Mining Minister Santiago Gonzalez said.

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Codelco Copper Mines to Reopen Shortly, Minister Says (Update1)

REYKJAVIK (Reuters) – Officials from Britain and Iceland met on Saturday in a renewed attempt to reach a deal on repayment of more than $5 billion lost by overseas savers when Iceland’s banks collapsed, Icelandic media reported.

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Iceland, Britain restart talks on Icesave: report

Toyota President Akio Toyoda plans to appear in Beijing on Monday to reassure Chinese consumers the company is committed to making safe vehicles, according to a published report. On its Web site Saturday, The Wall Street Journal reported that a company…

Toyota – Akio Toyoda – Wall Street Journal – Beijing – Auto

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Report: Toyota leader to defend company in China

Canada beat the U.S. in team speedskating and Jasey Jay Anderson won gold in the snowboard slalom event as the host country added to its lead atop the gold medal standings at the Winter Olympics.

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Canada Tops U.S. in Speedskating, Anderson Wins Snowboard Gold

Senate Banking Committee Chairman Christopher Dodd abandoned the Obama administration plan for a stand-alone consumer financial agency and is proposing a bureau in the Treasury Department, seeking to win Republican support for legislation to overhaul U.S. financial regulations.

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Dodd Scraps Obama Consumer Agency Plan, Proposes Treasury Unit

SANTIAGO (Reuters) – A powerful earthquake that hit Chile on Saturday halted production at two oil refineries and two major mines in the world’s top copper supplier, but exports of the metal will not be affected, officials said.

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Chile quake halts refineries, copper mines

Chile’s magnitude-8.8 earthquake led at least four copper mines that produce about 16 percent of the country’s output and two oil refineries to halt operations because of power cuts.

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Chile Copper Mines, Oil Refineries Halted After Quake Cut Power

The Federal Deposit Insurance Corp. is seeking bids for $610.5 million of unpaid loans it’s holding from failed U.S. lenders including IndyMac Bank, Silverton Bank and New Frontier Bank.

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FDIC Auctions $610.5 Million in Loans From Failed U.S. Lenders

Investor Warren Buffett released his annual letter to Berkshire Hathaway Inc. shareholders Saturday morning. The Berkshire chairman and chief executive spent a large part of the letter explaining the guiding principles he and Vice Chairman Charlie Munger…

BerkshireHathaway – Warren Buffett – Charlie Munger – Chief executive officer – Berkshire

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Excerpts from Warren Buffett’s annual letter

The former head of the U.N. nuclear watchdog agency who has emerged as an opposition leader in Egypt appealed to the government Saturday to heed calls for change before frustration over a stale political system ruled by one man for nearly 30 years spirals out…

Egypt – Mohamed ElBaradei – United Nations – Hosni Mubarak – Africa

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Ex-UN nuclear chief: change in Egypt is inevitable

Billionaire Warren Buffett, in his annual letter to shareholders, sternly urged companies to develop harsh penalties for executives who get into trouble with risky investments. Buffett’s Berkshire Hathaway Inc. delivered a 61 percent jump in net income…

BerkshireHathaway – Warren Buffett – Berkshire – England – Recreation and Sports

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Buffett: Execs should pay price for risky bets

Frustration turned to resignation Saturday for hundreds of thousands of people in the Northeast struggling to survive another day waiting for utility crews to restore electricity after powerful storms socked the region with heavy snow, rain and hurricane-…

Snow – Wind – Northeastern United States – Weather – Kids and Teens

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Thousands still lack power after Northeast storm

ATHENS (Reuters) – Greece must take further measures to reduce the deficit or it will face sanctions, Eurogroup chairman Jean-Claude Juncker was quoted as saying by a Greek newspaper.

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Greece must take more measures or face sanctions: report