(Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett’s inability to deploy the conglomerate’s cash. FILE PHOTO: Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat
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FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage (Reuters) – California Governor Gavin Newsom said he will convene a meeting of Pacific Gas and Electric Co executives, shareholders, wildfire victims, and PG&E’s other creditors in Sacramento next week
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has appointed Huibert Vigeveno to head its downstream business, the refining, trading and marketing operations that are to become a key pillar for the oil and gas company as it transitions to cleaner energy. FILE PHOTO: The logo of Royal Dutch Shell at a petrol station in Sint-Pieters-Leeuw,
SHANGHAI (Reuters) – China will use a giant import fair in Shanghai next week to try to showcase its free trade credentials, temper criticism of its policies and deepen its global economic influence at a time of fresh uncertainty over the China-U.S. trade war. FILE PHOTO: People walk past an advertisement for the upcoming China
FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam (Reuters) – Shares of Facebook Inc (FB.O) rose nearly 5% on Thursday, a day after the social network reported its third straight rise in the pace of quarterly sales growth
TOKYO (Reuters) – Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U.S. crude stocks. FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie,
(Reuters) – When Federal Reserve officials conclude their two-day policy meeting on Wednesday, they may at last have succeeded in divorcing the actions they take in managing the U.S. central bank’s massive balance sheet from interest rate decisions. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie
TOKYO (Reuters) – Japanese retail sales grew at the strongest pace in 5-1/2 years in September as consumers rushed to buy big-ticket items to beat a rise in the country’s sales tax, raising concerns spending could pull back sharply in the coming months. FILE PHOTO: A man walks in front of an electronics store in
(Reuters) – The S&P 500 hovered near its record high on Tuesday, lifted by upbeat earnings from drugmakers Merck and Pfizer, while a disappointing quarterly profit from Google-parent Alphabet kept the Nasdaq firmly in the negative territory. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S.,
FILE PHOTO: A sign is pictured outs a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Dave Paresh (Reuters) – Australia’s consumer regulator filed a lawsuit against Alphabet Inc’s (GOOGL.O) Google on Tuesday, alleging it misled consumers about how it was collecting, storing and using personal location data. The
(Reuters) – Richard Branson-backed Virgin Galactic Holdings Inc (SPCE.N) started trading on the New York Stock Exchange on Monday, becoming the first space tourism company to hit public markets. Sir Richard Branson rings a bell on the floor of the New York Stock Exchange (NYSE) as Virgin Galactic (SPCE) begins public trading in New York,
TOKYO (Reuters) – Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann
(Reuters) – Louis Vuitton owner LVMH (LVMH.PA) has approached Tiffany & Co (TIF.N) with an acquisition offer, people familiar with the matter said on Saturday, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China. FILE PHOTO: A Tiffany & Co logo is seen outside the
BEIJING (Reuters) – Profits at China’s industrial firms contracted for the second straight month in September as producer prices continued their slide, highlighting the toll a slowing economy and protracted U.S. trade war are having taken on corporate balance sheets. People stand near a window overlooking the financial district in Shanghai, China October 23, 2019.
WASHINGTON (Reuters) – Microsoft Corp. (MSFT.O) has won the Pentagon’s $10 billion cloud computing contract, the Defense Department said on Friday, beating out favorite Amazon.com Inc (AMZN.O). FILE PHOTO: Visitors stand in front of a display screen at Microsoft’s new Oxford Circus store ahead of its opening in London, Britain July 9, 2019. REUTERS/Simon Dawson
DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Friday it has chosen Ford Motor Co (F.N) as the next U.S. automaker the union will negotiate with after workers at General Motors Co (GM.N) approved a new contract deal. The UAW said 57% of hourly workers at GM voted to approve the deal to
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