OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said gains in its stock investments fueled a big first-quarter profit, while improved results from its Geico auto insurer and BNSF railroad units boosted operating results. Berkshire also said it repurchased $1.7 billion of its stock in the quarter, reflecting Buffett’s troubles to find […]
OMAHA, Neb. (Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday swung to a big quarterly profit, bolstered by gains in its stock investments, and also posted a small increase in operating earnings. The $21.66 billion overall profit, or $13,209 per Class A share, compared with a year-earlier net loss of $1.14 billion, or $692 […]
Carl C. Icahn, the billionaire investor who was a close confidant of President Trump, has received a second subpoena from federal prosecutors in Manhattan, this one related to a series of stock trades last year. Icahn Enterprises, one of Mr. Icahn’s main investment companies, disclosed in a regulatory filing on Thursday that it had received […]
The Alberta Orphan Well Association says it has taken the “unprecedented” step of having a receiver appointed to manage the oil and gas assets of failed Trident Exploration. The industry association that takes care of wells in Alberta when the owner can’t or won’t says accounting firm PricewaterhouseCoopers has been appointed by a court to […]
NEW YORK (Reuters) – U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy and interest rates. The Nasdaq registered a record high close, while the S&P 500 ended just shy of a record high finish. […]
A California judge has overturned a $128 million award for punitive damages to the former stars and producers of the long-running Fox crime drama “Bones” in a clash over profits, delivering a major victory to Twentieth Century Fox Television. The ruling, by Judge Richard E. Rico of Los Angeles County Superior Court, overturned a private […]
LONDON (Reuters) – British travel company Thomas Cook said on Friday it was in talks with its lenders about its finances after the indebted firm’s bond prices dropped over concern about its ability to pay its debts. “Looking ahead to Winter 2019/20, we have taken the proactive step of engaging in discussions with our lending […]
Shopping centres owner intu expects its rental income to fall by between 4% and 6% this year in a further sign of troubles on the high street. In a trading update, the company, whose sites include Lakeside, the Metrocentre and Trafford Centre, highlighted the growing use of an insolvency process, known as a Company Voluntary […]
LONDON (Reuters) – World stocks were battling to avoid their first weekly fall in six weeks on Friday, as investors waited to see whether key U.S. jobs data later would give the Federal Reserve another reason to dismiss rate cut calls. Europe’s bourses nudged fractionally higher early on as earnings from banks HSBC and Societe […]
(Reuters) – Shares of vegan burger maker Beyond Meat Inc rose more than 160 percent in their market debut on Thursday, as investors look to cash in on the first publicly listed veggie meat company and the growing popularity of plant-based meat alternatives. The stock opened at $46, well above its IPO price of $25. […]