Possible Buffett heir Abel has small Berkshire stake, likely to grow
(Reuters) – Greg Abel, considered by many investors the top contender to succeed Warren Buffett as Berkshire Hathaway Inc’s chief executive officer, on Friday reported owning about $2.1 million of the conglomerate’s stock.
ADM pursues big ag merger with grain trader Bunge: WSJ
CHICAGO/CALGARY, Alberta (Reuters) – Top U.S. grains merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , The Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with Swiss-based rival Glencore Plc …
Venezuela’s woes poised to hit U.S. oilfield service firms’ earnings
HOUSTON (Reuters) – U.S. oilfield service companies exposed to Venezuela face new hits to earnings from the South American nation’s ongoing economic turmoil and U.S. sanctions on the country and state-run oil company PDVSA.
McDonald’s ‘joint employment’ trial delayed amid settlement talks
(Reuters) – McDonald’s Corp and a U.S. labor board are in talks to settle a case claiming the fast food company is liable for purported labor law violations by its franchisees, leading a judge on Friday to pause a trial that began in 2015.
ADM has made takeover approach to Bunge: WSJ
(Reuters) – Agricultural processing and trading company Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore Plc in …
FTC makes second request on Broadcom’s bid for Qualcomm
(Reuters) – The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd’s $103 billion hostile bid for Qualcomm Inc, Broadcom said in a statement on Friday, a move that could indicate heightened antitrust scrut…
Parent company of 7-Eleven agrees to divest some U.S. stores in Sunoco deal
WASHINGTON (Reuters) – Seven & i Holdings Co Ltd , the Tokyo-based parent company of the 7-Eleven network of stores, agreed to sell and divest some of its stores in its proposed $3.3 billion acquisition of 1,100 Sunoco LP outlets, the U.S. Federal Trade Commission said Friday.
Judge overseeing AT&T, Time Warner merger trial hears document dispute
WASHINGTON (Reuters) – AT&T, owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner, their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday.
GE shares stumble to worst week since financial crisis
NEW YORK (Reuters) – General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in …
Wall Street ends higher despite government shutdown threat
NEW YORK (Reuters) – Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed.
