Insurance dampens Berkshire results before annual meeting Berkshire Hathaway Inc (BRKa.N), the conglomerate run by billionaire investor Warren Buffett, reported a 27 percent decline in first-quarter profit on Friday, and said a loss from insurance underwriting contributed to operating results that fell short of forecasts. The results were released one […]
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U.S. employment growth seen rebounding, wages increasing U.S. job growth likely rebounded in April and wages increased, pointing to a further tightening in labor market conditions that could pave the way for the Federal Reserve to raise interest rates next month. Nonfarm payrolls probably increased by 185,000 jobs last month, […]
Asian stocks fall for third day on commodity fears, China hits three-month lows Asian stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France's presidential […]
ChemChina clinches landmark $43 billion takeover of Syngenta ChemChina [CNCC.UL] has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said on Friday. The deal, announced in February 2016, was prompted by China's desire to […]
Delta apologizes for forcing family off flight Delta Air Lines apologized on Thursday after a couple said they were kicked off an overbooked flight with their two toddlers so their seats could be given to waiting passengers, the latest U.S. airline to apologize over incidents on board their flights. Delta […]
Warren Buffett says he sold a third of stake in IBM CNBC Warren Buffett said he has sold about one-third of Berkshire Hathaway Inc's (BRKa.N) big stake in IBM Corp (IBM.N), CNBC reported on Thursday, reducing a bet by the famed investor that surprised many and which so far has […]
Spam campaign targets Google users with malicious link Alphabet Inc (GOOGL.O) warned its users to beware of emails from known contacts asking them to click on a link to Google Docs after a large number of people turned to social media to complain that their accounts had been hacked. Google […]
UBS breaks ranks with push for mid-tier Asian millionaires UBS Group AG (UBSG.S) plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in Asia-Pacific, to grab a bigger share of the fast-growing mid-tier millionaire segment. The Swiss bank's […]
French bank SocGen settles dispute with Libyan Investment Authority French bank Societe Generale (SOGN.PA) and the Libyan Investment Authority (LIA) have signed a confidential agreement to settle a legal dispute regarding a case focused on five trades totaling $2.1 billion, executed between 2007 and 2009. "Societe Generale and the Libyan […]
Buffett to face big crowd as Berkshire grows bigger As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc (BRKa.N) shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett. The weekend known as "Woodstock for Capitalists" is […]
