Warren Buffett on Saturday signaled his commitment to Kraft Heinz Co and defended his actions toward Wells Fargo & Co, two of the largest investments at his Berkshire Hathaway Inc, …
Buffett’s Berkshire posts big profit as stocks gain
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. Read …
Berkshire shareholders seek Warren Buffett’s wisdom at annual meeting
Tens of thousands of shareholders of Berkshire Hathaway Inc will gather in Omaha this weekend to hear life advice from billionaire Warren Buffett, but they also will look for clues …
Two Exxon shareholders to withhold support for directors over climate change response
Two Exxon Mobil Corp shareholders said on Friday they would withhold their support for the re-election of all ExxonMobil directors at the company’s annual meeting due to the U.S. oil …
U.S. rejects Tesla bid for tariff exemption for Autopilot ‘brain’
U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric vehicles, one of …
SoftBank mulls IPO of $100 billion Vision Fund: source
Japan’s SoftBank Group Corp is considering an initial public offering of its $100 billion Vision Fund, a source familiar with the matter said on Friday. Read full story Author:
Wall Street Weekahead: Record-breaking rally leaving energy stocks behind
The stock market surge since the start of the year that has sent the benchmark S&P 500 index up to new record highs is leaving behind one sector that typically …
U.S. rejects Tesla bid for tariff exemption for Model 3 ‘brain’
U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25 percent tariffs on the Chinese-made computer “brain” of its Model 3 electric vehicles, one of more …
Trump ‘firm’ on China structural demands, tariffs part of enforcement: Pence
U.S. Vice President Mike Pence said on Friday that President Donald Trump would “stand firm” on his demands for structural changes to China’s trade practices, and removal of U.S. tariffs …
Brazil’s Natura to invest $5 million in new brands through venture capital funds
Brazil cosmetics company Natura intends to invest up to $5 million in new brands in beauty and wellness segments in Europe and the United States through venture capital funds, executives …
World stocks climb after U.S. payrolls data tops views; dollar falls with inflation comments
Global equity markets rallied on Friday, buoyed by a U.S. payrolls report that blew past expectations, while the dollar weakened after several Federal Reserve officials voiced concerns about low inflation. …
Strong jobs report sets off broad-based rally on Wall Street
Wall Street’s main indexes rose in a broad-based rally on Friday, as job growth surged in April and unemployment rate dropped, pointing to solid expansion in the domestic economy. Read …
Icahn discloses U.S. probe into sale of Manitowoc shares: filing
Federal prosecutors in Manhattan asked billionaire investor Carl Icahn’s company for information about trades in crane maker Manitowoc, Icahn Enterprises disclosed in a regulatory filing on Thursday, in its first …
Thomas Cook in talks with lenders about strengthening finances
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 …
FCA sees U.S. pickup trucks hauling profits in rest of 2019
Fiat Chrysler Automobiles NV (FCA) said on Friday that new U.S. pickup truck models would help the automaker achieve its 2019 profit targets and offset a weak performance in the …
Tesla to get up to $2.7 billion from upsized offering, Musk to buy more stock
Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock …
Fiat Chrysler confirms full-year targets even as weaker sales hit first-quarter profits
Fiat Chrysler (FCA) on Friday confirmed its targets for this year despite reporting a 29 percent fall in first-quarter operating profit as sales and margins weakened in its North American …
Exclusive: U.S. seeks to challenge China’s electric-vehicle supply chain dominance
A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part …
Uber faces lawsuit by Australian taxi drivers for ‘illegal operations’
A law firm filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world’s largest ride-hailing company of operating …
Asian shares mixed before U.S. jobs data, Europe expected higher
Asian stock markets stayed within tight ranges on Friday amid thin holiday trade and as investors awaited the release of key U.S. jobs data and other directional cues. Read full …