By Jonathan Stempel OMAHA, Neb. (Reuters) - Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight. "There is no reason, in logic or in terms of what we've heard, to think that Berkshire would be designated as a SIFI," Buffett said at Berkshire's annual meeting, using the acronym for systemically important financial institution. "I do not think Berkshire comes within miles of qualifying as a SIFI." The SIFI designation forces companies to submit to Federal Reserve oversight, and could make them adopt tighter capital and liquidity requirements that could impede growth and profitability. Buffett and his second-in-command, Charlie Munger, were fielding questions at the annual shareholder meeting.
BEIJING (AP) — A pilot said Sunday that he is anxious but excited about flying a solar plane solo from China to Hawaii on the longest leg of the first attempt to fly around the world without a drop of fuel.