Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further slashing…
Category: Business
Apple to invest up to $1.5 billion in Globalstar for satellite coverage expansion
(Reuters) – Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services,…
Mastercard’s profit beats estimates on resilient consumer spending
(Reuters) -Payments processor Mastercard reported a better-than-expected profit for the third quarter on Thursday, as customers encouraged by economic stability…
Netflix communications chief and global public policy executives to exit
(Reuters) – Netflix said on Tuesday that Vice President of Global Public Policy Dean Garfield, and Chief Communications Officer Rachel…
Google to develop AI that takes over computers, The Information reports
(Reuters) – Alphabet’s Google is developing artificial intelligence technology that takes over a web browser to complete tasks such as…
Frontier Communications asks shareholders to accept Verizon’s takeover bid
(Reuters) – Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon, saying that…
Exclusive-Blackstone in talks to buy US pipeline stakes from EQT for $3.5 billion, sources say
By David French (Reuters) – Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate…
Exclusive-JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire…
Platinum Equity’s Ingram Micro valued at $6 billion as shares jump 15% in NYSE debut
By Arasu Kannagi Basil and Echo Wang (Reuters) -Ingram Micro notched a valuation of $6 billion after shares jumped 15%…
T-Mobile beats estimates for wireless subscriber growth, fueled by demand for premium plans
(Reuters) -T-Mobile US on Wednesday exceeded Wall Street expectations for quarterly wireless subscriber additions as more customers chose its discounted…