Today: May 04, 2024
Today: May 04, 2024

Business

Warren Buffett's company rejects proposals, but it faces lawsuit over how it handled one last year

Shareholder proposals are usually uneventful at Berkshire Hathaway’s annual meeting, but Warren Buffett and the company are now facing a lawsuit over the way one presenter was treated last year

Berkshire exec calls wildfire claims against utility 'unfounded'

NEW YORK (Reuters) - Berkshire Hathaway, the conglomerate led by Warren Buffett, will fight all lawsuits brought against its utility business due to wildfires as the cases are "unfounded," a top

Buffett talks succession and Berkshire's future at annual meeting

(Reuters) -Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the

Warren Buffett says Berkshire sold entire Paramount stake at a loss

NEW YORK (Reuters) -Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for

Ping An votes against reappointment of HSBC CEO as director, Bloomberg News reports

(Reuters) - HSBC Holdings Plc's biggest Asian investor, China's Ping An Insurance Group Co, voted against the reappointment of departing chief executive Noel Quinn as a director at the bank's

WestJet issues 72-hour lockout notification to its tech ops union AMFA

(Reuters) - Onex Corp's WestJet on Saturday said that it has issued a 72-hour lockout notification to its technical operations union ‍Aircraft Mechanics Fraternal Association (AMFA).

Berkshire shareholders reject climate, diversity, China proposals

By Jonathan Stempel OMAHA, Nebraska (Reuters) - Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren

Buffett says Berkshire is in good hands, lauds Apple despite trimming stake

By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) -Warren Buffett assured shareholders on Saturday that the executives expected to succeed him at Berkshire Hathaway were ready for the job

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments

SocGen's weak prospects in French retail hits shares

By Mathieu Rosemain PARIS (Reuters) -Societe Generale shares fell more than 5% on Friday after the bank's CFO flagged that net interest income in 2024 from the group's French retail business would be

Hershey tops first-quarter estimates on higher pricing

(Reuters) - Hershey exceeded Wall Street expectations for first-quarter sales and profit on Friday, benefiting from higher prices and steady consumer demand for its chocolates and candy.

Novo Nordisk drops 5% after rival Amgen teases weight-loss drug data

(Reuters) - Shares in Danish drugmaker Novo Nordisk dropped as much as 5.3% on Friday, set for their biggest one-day fall since August 2022, after rival Amgen said it was encouraged by interim trial

North Macedonia voters express frustration ahead of elections

By Aleksandar Vasovic and Fatos Bytyci TETOVO, North Macedonia (Reuters) - Ekrem Ramadani used to work in the once flourishing textile industry in the town of Tetovo in North Macedonia.

Major central banks linger in uneasy calm in April

By Karin Strohecker and Sumanta Sen LONDON (Reuters) - Interest rates at major central banks remained static in April as the prospect of higher-for-longer U.S.

Morning bid: Jobs test Fed relief, Apple buyback bump

A look at the day ahead in U.S. and global markets from Mike Dolan The strength of the U.S. labor market will give Wall Street's interest rate relief a reality check on Friday, but Apple's monster

Toronto home sales fall for third month in April; prices rise

OTTAWA (Reuters) - Greater Toronto area home sales fell in April for a third straight month and prices crept up, as over two-decade high interest rates kept the lid on housing market recovery in

Germany's Henkel raises 2024 outlook on strong Q1

BERLIN (Reuters) -German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.

Brazil rains cloud national soy outlook as big farm state submerges

By Ana Mano and Roberto Samora SAO PAULO (Reuters) -The outlook for the soybean harvest in Rio Grande do Sul, which was on track to become the second largest producer in Brazil behind Mato Grosso

LNG producer Cheniere's export volumes fuel core profit beat

(Reuters) -Top U.S. liquefied natural gas producer Cheniere Energy beat adjusted core profit estimates on Friday, as higher-than-expected export volumes countered lower natural gas prices.

Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark

By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) - Elon Musk's carmaker Tesla has sued an Indian battery maker for infringing its trademark by using the brand name "Tesla Power" to promote its

Analysis-Apple has big AI ambitions - at a lower cost than its rivals

By Stephen Nellis (Reuters) -For most of the past year and a half, Apple Chief Executive Tim Cook has fielded questions from Wall Street analysts about his plans for artificial intelligence amid

Alaska Air says Boeing issued $61 million in credit memos to address grounding hit

(Reuters) - Alaska Air Group has received $61 million in supplier credit memos from Boeing as additional compensation for the hit from a temporary grounding of 737 MAX 9 jets, the carrier said on

US service sector contracts in April; price pressures reaccelerate

(Reuters) - The U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation.

EV startup Rivian hires Volvo veteran Varela as operations chief

(Reuters) - Rivian Automotive named Javier Varela its chief operating officer on Friday, bolstering its ranks with the Volvo veteran as the electric-vehicle startup expands its production facility

April US jobs report shows looser labor market, good news for Fed

(Reuters) -U.S. job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the Federal Reserve that will likely

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