Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises
Warren Buffett’s Berkshire Hathaway Inc agreed to sell its newspaper business to Lee Enterprises Inc for $140 million in cash, abandoning an industry the billionaire investor had long defended even as its financial prospects deteriorated.
Shades of Ronaldo; Agnelli heir swoops for soccer star’s sunglasses
Luxury eyewear group Italia Independent is hoping to borrow some of Cristiano Ronaldo’s star appeal.
U.S. banks on Hong Kong Exchange’s ‘named and shamed’ list
Wall Street investment banks JPMorgan and Morgan Stanley have been placed on the Hong Kong Stock Exchange’s “named and shamed” list after the $300 million initial public offering (IPO) of Chinese biotech company Akeso Inc. was sent back for not meeti…
Boeing swings to annual loss as 737 MAX costs near $19 billion
Boeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX costs approach $19 billion and indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.
Goldman unveils long-term targets to grow new businesses, revenues
Goldman Sachs Group Inc on Wednesday set aggressive targets to grow many of its businesses, as the Wall Street powerhouse tries to make meaningful inroads in areas dominated by larger rivals JPMorgan Chase and Bank of America
Explainer: What the U.S. Federal Reserve is watching this year
The U.S. Federal Reserve is expected to keep interest rates unchanged when it wraps up its first policy meeting of the year on Wednesday.
Apple’s iPhone strength is back and analysts say it is here to stay
Wall Street analysts were smitten by a rebound in sales of Apple Inc’s iPhones after a year of decline and said strong demand for new models, spurred by trade-in programs and heavy discounts on older models, will drive growth this year.
Apple, Boeing bolster Wall Street at open
Wall Street opened higher on Wednesday as a surge in shares of Apple, Boeing and General Electric after their results overshadowed concerns over the economic impact of a fast-spreading coronavirus.
Buffett’s Berkshire sells newspaper business, including hometown paper, to Lee Enterprises
Warren Buffett’s Berkshire Hathaway Inc said on Wednesday it is selling its newspaper operations to Lee Enterprises Inc , abandoning an industry the billionaire investor had long supported and defended even as its financial prospects deteriorated.
Boeing swings to annual loss as 737 MAX costs double
Boeing Co on Wednesday swung to its first annual loss since 1997 on mounting 737 MAX costs and indicated it would again cut production of its bigger 787 Dreamliner aircraft, currently its main source of cash.
