Financial news on May 1st, 2010

Business and Financial news
Barclays Profit Is Up 29% in First Quarter

But some investors were disappointed at the pace of growth at the securities unit, the biggest contributor to Barclays’ earnings, and shares dropped in London on Friday. Read more..

By JULIA WERDIGIER - The New York Times

Berkshire Posts $3.6 Billion 1st-Quarter Profit

The company has rebounded from last year’s first-quarter loss and earned $3.6 billion as the economic recovery began and it absorbed Burlington Northern Santa Fe railroad. Read more..

By DEALBOOK - The New York Times

Capt. Parmenter’s Diagramless

A diagramless for the Incredibly persnickety. Read more..

By JIM HORNE - The New York Times

F.D.I.C. Brokers the Sale of 3 Banks

Eurobank, R-G Premier Bank and Westernbank, which have been devastated by Puerto Rico’s sluggish real estate market, were seized and immediately sold. Read more..

By ERIC DASH - The New York Times

Goldman’s Shares Plunge on Inquiries and Downgrades

Facing investigations on two fronts, Goldman Sachs came under pressure from investors as well after Standard & Poor’s changed its rating to sell. Read more..

By GRAHAM BOWLEY - The New York Times

How Much to Donate? God Knows

The world’s religions have long offered clues to how much to tithe, and income and net worth figured in the calculations. Read more..

By RON LIEBER - The New York Times

Insurer Allowed to Sue Countrywide

MBIA can proceed with a lawsuit claiming that Countrywide Financial committed fraud in obtaining insurance on billions of dollars of mortgage-backed securities. Read more..

By BLOOMBERG NEWS - The New York Times

Response of Approval

Which news network won a 2008 Peabody Award? Read more..

By JIM HORNE - The New York Times

Wall Street Finishes April With a Thud

Lingering uncertainties over the sovereign debt crisis in Europe and the direction of a financial regulation bill in the United States weighed heavily on financial stocks. Read more..

By CHRISTINE HAUSER - The New York Times

Weighing the Value of a Home Security System

A home alarm system can provide some benefits, but thwarting burglaries might not be the foremost of those. Read more..

By PAUL SULLIVAN - The New York Times

See what else happened on May 1st, 2010