Warren Buffett’s shareholder gala enters home stretch
NEW YORK (Reuters) – Warren Buffett, who pitched newspapers as a teenage delivery boy, may be entering the final stretch of his “Woodstock for Capitalists,” after cutting back his involvement in the event and opening it up for an online audience.
Viacom profit beats, but U.S. ad sales lag
(Reuters) – Viacom Inc reported a higher-than-expected quarterly profit on Thursday as revenue from its film unit topped estimates, helped by the success of “The Big Short” movie, but a drop in domestic ad revenue was more dramatic than Wall Street ex…
MasterCard profit beats expectations as purchase volumes rise
(Reuters) – MasterCard Inc , operator of the world’s second-largest payments network, reported a slightly better-than-expected quarterly profit as customers spent more using its cards.
Dow Chemical’s margins hit decade high on pre-merger cost-cutting
(Reuters) – Dow Chemical Co , the No. 1 U.S. chemical maker by sales, reported a higher-than-expected adjusted profit as cost cutting ratcheted up margins to their highest in more than a decade.
Barclays targets ‘clean and prosperous’ 2018 as overhaul continues
LONDON (Reuters) – Barclays Chairman John McFarlane has pledged to deliver a “clean and prosperous” 2018 to investors, putting a deadline on a vast program of restructuring and asset sales that will see staffing numbers fall by 50,000.
Volkswagen says may have to sell assets to pay for emissions scandal
WOLFSBURG, Germany (Reuters) – Volkswagen could face “further significant financial liabilities” beyond the 16.2 billion euros ($18.4 billion) it has provisioned for its diesel emissions scandal and may need to sell assets as a result, it said in its …
Time Warner Cable’s data subscriptions rise more than expected
(Reuters) – Time Warner Cable Inc , which is in the process of being bought by Charter Communications Inc , reported a 7.2 percent rise in quarterly revenue as it signed up more customers than expected for its high-speed data services.
Sanofi launches $9.3 billion fight for U.S. cancer firm Medivation
LONDON/PARIS (Reuters) – French drugmaker Sanofi went public with a $9.3 billion offer to buy Medivation on Thursday, setting up what could be a lengthy takeover fight after the U.S. cancer firm rebuffed its approaches.
Ex-banker in Singapore faces two more charges in 1MDB-linked case
SINGAPORE (Reuters) – Singapore charged a former wealth manager at Swiss-based private bank BSI with cheating and obstructing justice on Thursday in a case related to a money laundering investigation linked to Malaysia’s embattled 1MDB investment fund….
Mitsubishi Motors says U.S. models compliant, shares regain some ground
TOKYO/WASHINGTON (Reuters) – Mitsubishi Motors Corp said its vehicles sold in the United States from 2013 have accurate mileage readings, lowering the risk that its fuel economy cheating scandal in Japan may have a wider global impact.
