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Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

Warren Buffett's Berkshire Hathaway Inc deepened its commitment to the U.S. financial industry, announcing a $4.02 billion stake in JPMorgan Chase & Co and new investments in PNC Financial Services Group Inc and Travelers Companies Inc, plus a stake in Oracle Corp.

Alstom says Siemens rail deal on track for next year

France's Alstom voiced confidence it would finalize a merger with Siemens' railway business by the middle of next year despite an investigation by European authorities as it reported a big rise in first half profit.

Drummond cancels possible sale of Colombia operations

Alabama-based coal miner Drummond Co Inc [DRMND.UL] has canceled the possible sale of at least a portion of its operations in Colombia, for which it had hired Goldman Sachs Group Inc as an adviser, Drummond said on Tuesday.

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