Possible Buffett successor Jain reports $109 million Berkshire stake
(Reuters) – Ajit Jain, who was recently appointed a vice chairman of Warren Buffett’s Berkshire Hathaway Inc , on Thursday reported ownership of roughly $109 million of the conglomerate’s stock.
SoftBank is now Uber’s largest shareholder as deal closes
SAN FRANCISCO (Reuters) – A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controvers…
IBM returns to growth after six years, but dour forecast hits shares
(Reuters) – International Business Machines Corp’s revenue rose for the first time in 23 quarters, beating analysts’ estimates, but the company warned that a higher tax rate this year would eat into its profit.
Asia stocks near record highs, U.S. funding woes weigh on dollar
TOKYO (Reuters) – Asia stocks edged higher on Friday and were within reach of record highs, although losses on Wall Street slowed the advance, while worries over a possible U.S. government shutdown weighed on the dollar.
At AstraZeneca, fewer drug projects bring big productivity jump
LONDON (Reuters) – A focus on fewer diseases, together with cuts in laboratories and staff, has delivered a more than fourfold increase in research productivity at drugmaker AstraZeneca , based on one key measure of success. The analysis published o…
Amazon’s review of Toronto could escalate tension with Trump
TORONTO (Reuters) – Amazon.com Inc’s inclusion of Canada’s largest city on a list of 20 finalists for a massive new campus could escalate tensions between the tech giant and U.S. President Donald Trump.
Tax overhaul leads AmEx to first loss in 26 years, buyback suspension
(Reuters) – Credit card issuer American Express Co posted its first quarterly loss in 26 years and said it would not buy back shares for the next six months, both due to the impact of the recently enacted U.S. tax reform.
IBM returns to growth, but shares drop after recent rally
(Reuters) – International Business Machines Corp’s revenue rose for the first time in 23 quarters and beat analysts’ estimates as the company’s shift into its focus areas such as cloud computing and security services gains traction.
Wall St. pauses rally as utilities, industrials fall
NEW YORK (Reuters) – Wall Street fell on Thursday as losses in industrials and interest-rate sensitive sectors offset marginal gains in tech stocks.
HSBC to pay $100 million to settle U.S. probe into currency rigging
(Reuters) – HSBC Holdings Plc on Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers.
