IPO listing at discount shocks investors
The euphoria in the new issue market has suddenly paved way to disappointment. Companies which came out with initial public offerings (IPOs) at a huge premium are being listed at a huge discount.



For many companies, wealth is a mirage -- Buffett
Holding forth in what promised to be another marathon annual meeting before more than 10,000 Berkshire Hathaway shareholders on Saturday, Buffett said that "bursts in the market ... get corrected eventually."



BMW to enter talks with Phoenix group to save troubled Rover
German car maker BMW AG said it would start talks with the UK Phoenix consortium early next week on the sale of Rover in a bid to save the loss-making British subsidiary from closure.



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