Leaseholders of residential properties around Auckland’s Cornwall Park plan to petition Parliament again to rein in their landlord the Cornwall Park Trust, if they make no progress in talks over proposed massive rent hikes. Cornwall Park Leaseholders Association spokesman John McConnell said the voluntary liquidation of the ASB Showgrounds board, another Cornwall Park leaseholder hit […]
Nike Inc. continues to outperform. The Beaverton, Ore.-based athletic apparel and accessories group revealed quarterly and full-year earnings Thursday afternoon, improving on the top and bottom lines thanks to strength in all channels during the most recent quarter. Nike’s stock shot up nearly 7 percent in after-hours trading as a result. “Nike’s strong results this […]
The Berkshire Hathaway chief, who has given away billions, asks whether donations should keep their special status. By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen Gandel, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni Billionaires’ giving goes under the spotlight News yesterday that Warren Buffett had resigned from the Bill and Melinda Gates Foundation has raised questions […]
Goat closed on a Series F funding round on Thursday of $195 million, increasing its valuation to $3.7 billion and doubling its previous valuation of $1.8 billion in September 2020, only nine months ago. Park West Asset Management led this round that included participation from T. Rowe Price Associates Inc., Franklin Templeton, Adage Capital Management […]
(Reuters) -Warren Buffett said he is stepping down as a trustee from the Bill and Melinda Gates Foundation, and that he has donated half his wealth since pledging 15 years ago to give away the fortune he built up running Berkshire Hathaway Inc.FILE PHOTO: Berkshire Hathaway CEO Warren Buffett (R) shows his friend Microsoft co-founder […]
FILE PHOTO: The skyline with its financial district is photographed as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 14, 2021. REUTERS/Kai PfaffenbachBERLIN (Reuters) – The German cabinet approved a draft budget for next year with new debt of nearly 100 billion euros ($119 billion) to finance […]
HONG KONG (BLOOMBERG) – HSBC Holdings apologised to customers in Hong Kong after an update to its online and mobile banking terms stoked fears over overseas access to its services in the financial hub. The quick mea culpa by Hong Kong’s biggest bank – triggered by a Twitter post – underscores growing concerns in the […]
TOKYO (Reuters) – The U.S. dollar remained on the back foot against major peers on Wednesday after a two-day drop as U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off.FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February […]
The International Brotherhood of Teamsters, which represents over one million workers in North America in industries including parcel delivery and freight, will vote on whether to make it a priority to organize Amazon workers and help them win a union contract. “Amazon is changing the nature of work in our country and touches many core […]
By Jeanna Smialek Jerome H. Powell, the Federal Reserve chair, said on Tuesday that the central bank was focused on returning the economy to full strength, and he emphasized that the Fed would be more ambitious and expansive in its understanding of what that meant. Speaking before House lawmakers on Tuesday afternoon, Mr. Powell emphasized […]